High Growth Predicted for Deep Packet Inspection and Processing Market in the Next Five Years

Deep packet inspection (DPI) is a method of network packet filtering that enables the network operator to examine and investigate data as it passes through an inspection point. It helps to detect malicious software and improves the internet security standards along with offering better management of the growing data traffic, thereby gaining popularity among leading market players. Due to this, the global deep packet inspection and processing market is growing at a rapid pace and is expected to witness huge growth over the coming years.

Global market scenario

The size of the global deep packet inspection and processing market which is expected to be valued at USD 7.01 Billion in 2016 is expected to be worth USD 18.60 Billion by 2021, growing at a CAGR of 21.6% between 2016 and 2021. Among applications, intrusion detection system (IDS) and intrusion prevention system (IPS) segment is expected to be the largest market, owing to the growing demand for advanced cybersecurity solutions across various industries. However, Data Loss/Leak Prevention (DLP) and management is the fastest-growing segment among applications, mainly due to the rising need of data loss security in organizations, state privacy laws, and data filtration at rest on the network.

Based on service, support and maintenance segment is expected to be the largest market as well as grow at the highest CAGR over the forecast period. This growth can be majorly contributed to the growing complexities in today’s networks across different verticals. Among verticals, telecom and IT sector is expected to hold the largest market share during the forecast period, owing to its ability to manage the complex network infrastructure and secure it from the increasing cyber threats.

Geographical growth scenario of the market

Among regions, North America is expected to be the leading market for deep packet inspection and processing due to the increasing digitalization among industry verticals in this region. However, the market in Asia-Pacific is expected to witness the highest growth during the forecast period, mainly owing to the massive growth in network traffic in the countries in APAC. It is also estimated to be the region with highest network data generation due to the huge industrial growth and growing number of mobile device users. The mammoth increase in network traffic in developing nation is expected to trigger the adoption of deep packet inspection-based solutions for the efficient management of huge traffic as well as protection from the growing cyber-attacks.

Factors driving and restraining the market growth

Growing number of cyber-attacks, rising need for network performance management and optimization solutions, growing need to meet compliance requirements, and advancing communication technology are the major factors driving the global market for deep packet inspection and processing. Along with this, the market growth is expected to be further boosted by the evolution and growing adoption of Internet of Things (IoT) and huge increase in the network traffic, especially in the developing nations.

Lack of awareness regarding the risks associated with cyber-attacks and the requirements of security solutions among various enterprises is the major factor that may hamper the growth of this market. With the changing business environment, the security solutions also need to be constantly updated. However, lack of awareness about the vulnerabilities present in their devices pose a major risk of being hacked. Moreover, high cost and complexities is the key challenge being faced by the market players.

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Key players and strategies adopted for sustenance

The major companies operating in the global market for deep packet inspection and processing include Cisco (California, U.S.), Intel (California, U.S.), IBM (New York, U.S.), HPE (California, U.S.), Palo Alto Networks (California, U.S.), Check Point (California, U.S.), Blue Coat (California, U.S.), Extreme Networks (California, U.S.), NetScout (Massachusetts, U.S.), Symantec (California, U.S.), and Viavi (California, U.S.). Partnerships and acquisitions are the major strategies being adopted in order to offer innovative solutions as well as expand their customer base. This strategy accounted for around 39% and 33% of the total market share, respectively, of all the strategic developments taking place in the worldwide deep packet inspection and processing market.

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