Cryptocurrency Market Expected to Expand at a Steady CAGR through 2027

Cryptocurrency Market Insights:

The GMI Research report provides an overall outlook of the industry through a detailed market segmentation. The report offers thorough information related to the overview and scope of the market, including the market drivers, restraints and emerging trends in the industry. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country participating in the study.

Competitive Rivalry of the Deep Packet Inspection and Processing Market:

The leading players in the deep packet inspection and processing market include Qosmos, Cisco Systems, Inc., Juniper Networks, Inc., IBM Corporation, Extreme Networks, SolarWinds Inc., Cubro Network Visibility, NETSCOUT, LogRhythm, Inc., and Viavi Solutions Inc., among others.

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Drivers of the Deep Packet Inspection and Processing Market:

The major factors contributing to the growth of the global deep packet inspection and processing market include the emerging demand for improved security on the internet, coupled with the increasing adoption of regulatory & data protection laws due to rising cybersecurity concerns. Moreover, rapid technological advancements in the deep packet inspection technology and several research & development activities emphasize improving the performance, thus surging the growth of the global deep packet inspection and processing market in the upcoming years. The high adoption of such technology by the government to monitor the country's network traffic and examine the data and sites that are harmful, along with the growing utilization of cloud-based security technologies, is further increasing demand of the market. Furthermore, the increasing requirement for decreasing the cost of operation and capital expenses, followed by improving the performance of the network and the rising implementation of cloud computing, big data, and IoT in the communication technologies are some other factors that are bolstering the growth of global deep packet inspection and processing market. On the other edge of the spectrum, the high budget need for security and limitation of trained or skilled security personnel are some of the factors hindering the growth of the market.

Based on the region, North America is expected to grow at a higher CAGR during the forecast period due to the increasing adoption of deep packet inspection and processing across various verticals and the large presence of market players in this region. Moreover, the rigorous government reforms for online data security and growing research & development activities in security technologies are factors fuelling the market growth in this region.

Market Segmentation:

The main objective of the study is to define market sizes of the different market segments & countries during the forecast period and analyze the values in the next six years. The detailed segments and sub-segments of the market are explained below:

Breakup by Component:

  • Services
  • Solutions
    • Hardware
    • Software

Breakup by Installation Type:

  • Integrated
  • Standalone

Breakup by Deployment Mode:

  • Cloud
  • On-Premises

Breakup by Organization Size:

  • Small & Medium-Sized Enterprises
  • Large Enterprises

Breakup by Vertical:

  • Government & Defense
  • IT & Telecom
  • BFSI
  • Healthcare
  • Manufacturing
  • Retail & Ecommerce
  • Others

Breakup by Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

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