Deep Packet Inspection and Processing Market By Application (Intrusion Detection System (IDS), Intrusion Prevention System (IPS)), Service (training, consulting), Organization Size (Large Organization), End-User (BFSI) and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) Global Forecast 2020 to 2030.

There has been a considerable rise in the breaches found on the internet, thus internet safety has become a key concern particularly in the businesses that deal with sensitive data. Due to this reason, the deep packet inspection and processing demand is likely to grow in the coming few years. Moreover, the need for enhancing network performance along with reducing the capital costs is further nurturing the industry growth. The recent advancements in digital systems and the Internet of Things (IoT) and the growth in the use of smartphones and devices have enabled potential prospects for the deep packet inspection and processing industry. However, certain factors such as high costs of the hardware needed by the system along with a lack of awareness about the system within the industry verticals are hindering the market growth.

Component Segment

The global deep packet inspection and processing market contain both solutions and services segments. The solutions segment of the deep packet inspection and processing component has a maximum revenue share within the global deep packet inspection and processing market in 2019. However, the services segment is anticipated to grow at a considerable rate over the forecast period.

Organization Size Segment

Based on the organization size segment, the market is segmented into small & medium, and large enterprises. The market for a large enterprise to possess the largest market share in 2019 since enterprises today is predominantly developing to match their user needs. However, the deep packet inspection and processing for small & medium enterprises are expected to experience a significant CAGR from 2020 to 2025.

Deployment Segment

Based on the deployment segment, the market is bifurcated into two sub-segments that are cloud, and on-premise. In 2019, the on-premise segment gathered the largest market revenue and it is anticipated to govern the deep packet inspection and processing market throughout the forecast period. However, the cloud deep packet inspection and processing segment is anticipated to grow at a substantial growth rate over the forecast period.

Application Segment

Based on the application, the market is segmented into BFSI, healthcare, retail, manufacturing, government & utilities, and others. The market for telecom & IT is anticipated to possess the largest market share in 2019 since the Tech companies today are predominantly developing to match their user needs. Moreover, the growing regulatory scrutiny coupled with enhanced customer satisfaction, as well as advantages such as risk management, fraud detection, and customized solutions are some of the factors responsible for the deep packet inspection and processing demand.

The global deep packet inspection and processing market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the deep packet inspection and processing applications, owing to an outsized presence of organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the deep packet inspection and processing market in North America.

The major players of the global deep packet inspection and processing market are IBM, Cisco Systems, Extreme Networks, Juniper Networks, Symantec, SolarWinds, Viavi Solutions, NetScout, LogRhythm, Qosmos, Cubro Network Visibility, Lionic Corporation, Trovicor, and more. The deep packet inspection and processing market is fragmented with the existence of well-known global and domestic players across the globe.