North America Network Probe Market By Component (Solution and Services), By Deployment Type (On-premise and Cloud), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By End User (Service Providers, Government & Defense, IT & Telecom, BFSI and Others), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The North America Network Probe Market would witness market growth of 9.5% CAGR during the forecast period (2021-2027).
During the network transformation from physical network functions to virtual network functions, there is a need of a significant design change in a manner how applications and services are analyzed and assured in a hybrid virtual network. The movement of the workloads will significantly support cloud bursting, fuelling the requirement to scale the network in/out in significantly shorter time periods. Current monitoring systems will be required to adapt from costly, specific fixed monitoring points to an adaptive, lightweight cloud-native container located in monitoring points.
The most crucial method to evaluate any network is to assess the network for limitations. This could mean utilizing several utilities to scan your network for limitations. This step is often skipped by some network administrators. They evaluate policies, check the firewall logs, check patches, and among others.
In the era of rapid data transfer, the idea of a messenger appears obsolete. No one sends a person in the middle of the night on horseback rides anymore. Moreover, any person who runs miles is just to cross a finishing post not sending a message. A network is considered as a messenger. Its objective is to deliver a query and come back with information rapidly (no horse or physical activity needed). Though the probe functions in a really simple manner, but the potential it delivers to IT and network administrators to track performance in real-time is crucial.
The developed nations present in this region like the US and Canada are major adopters of any advanced technology, which creates lucrative opportunities for the key market players. This high adoption rate is opening new growth prospects for the network probe market. In addition, the presence of big giants of network probe market in the region is supporting the regional growth.
Moreover, the benefits of using network probe over the network are attracting many companies towards it. The increase in the number of SMEs in this region is estimated to open new growth avenues for the regional market. All these factors are together working on spurring the growth of the regional network probe market in the coming years.
The US market dominated the North America Network Probe Services Market by Country 2020, thereby, achieving a market value of $87 million by 2027. The Canada market is experiencing a CAGR of 14.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 13.1% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on End User, the market is segmented into Service Providers, Government & Defense, IT & Telecom, BFSI and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Network Probe Market is Estimated to Reach USD 1 Billion by 2027 at a CAGR of 11.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SolarWinds Corporation, NetScout Systems, Inc., Broadcom, Inc., IBM Corporation, Cisco Systems, Inc., Nokia Corporation, NEC Corporation, Micro Focus International PLC, AppNeta, and Catchpoint Systems, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Deployment Type
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By End User
- Service Providers
- Government & Defense
- IT & Telecom
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- SolarWinds Corporation
- NetScout Systems, Inc.
- Broadcom, Inc.
- IBM Corporation
- Cisco Systems, Inc.
- Nokia Corporation
- NEC Corporation
- Micro Focus International PLC
- Catchpoint Systems, Inc.
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