Key Players Adopted Various Growth Strategies, Including New Product Launches and Product Enhancements, Partnerships, and Acquisitions, to Expand Their Presence in the Deep Packet Inspection and Processing Market
The global deep packet inspection and processing market is expected to grow from USD 8.7 billion in 2019 to USD 12.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.9% from 2019 to 2024. The continuous evolution of cyberattacks and need for network performance management and optimization solutions to efficiently manage today’s complex networking environments are some of the major driving factors for the deep packet inspection and processing market.
The vendors covered in the deep packet inspection and processing market report include IBM (US), Cisco Systems (US), Extreme Networks (US), Juniper Networks (US), Symantec (US), SolarWinds (US), Viavi Solutions (US), NetScout (US), LogRhythm (US), Qosmos (France), Cubro Network Visibility (Austria), Lionic Corporation (Taiwan), Trovicor (Taiwan), Netronome (US), Sandvine (Canada), Huawei (China), Bivio Networks (US), Ipoque (Germany), ManageEngine (US), and WiseSpot (Hong Kong). These players have adopted various growth strategies, including new product launches and product enhancements, partnerships, and acquisitions, to expand their presence in the deep packet inspection and processing market.
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Product enhancements and partnerships have been the most adopted strategies by the major players from 2017 to 2019 to innovate their offerings and increase their customer base. Some of the prominent key players are therefore known to offer deep packet inspection and processing solutions to SMEs and large enterprises across verticals, such as banking, financial services, and insurance; government and defense; healthcare; IT and telecom; manufacturing; and retail. Some of the use cases along with the details of relevant deep packet inspection and processing solutions and their benefits, coupled with regulatory implications impacting the deep packet inspection and processing market, are showcased in this market study.
The key players in the market have mainly adopted the strategy of new product launches and product enhancements to grow in the market. The strategy of new product launches and product enhancements accounted for the highest share, with more than 50% of the total strategic developments, in the global deep packet inspection and processing market in the last three years. Many key vendors adopted this strategy to avail the benefits of technology upgradation. SolarWinds, Viavi Solutions, NetScout, and Qosmos are some of the key market players who have adopted this growth strategy.
- In September 2019, Enea launched Qosmos Probe 2.1, a Deep Packet Inspection (DPI) sensor that enables advanced cyber threat detection and forensics. It can also be integrated with open-source and commercial cybersecurity solutions.
- In May 2019, Extreme Networks launched the ExtremeAI Security application, which leverages artificial intelligence and machine learning to identify and remediate advanced threats against IoT devices.
- In February 2019, Cisco completed the acquisition of Singularity Networks, a network infrastructure analytics company. This acquisition will help Cisco provide improved network performance, cost- efficiency, more visibility, and less downtime to its clients.
- In January 2019, IBM partnered with Juniper Networks to manage Juniper Network’s existing infrastructures, which include data centers, help desks, and data and voice networks. As per this partnership, IBM would combine its services platform with Watson to manage Juniper Network’s IT infrastructure.
Related Reports:
Deep Packet Inspection and Processing Market by Component (Solutions and Services), Solution Type (Hardware and Software), Installation Type (Integrated and Standalone), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024
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