Global Protocol Analyzer Market Report and Forecast 2024-2032

Global Protocol Analyzer Market Outlook

The global protocol analyzer market size reached approximately USD 1.00 billion in 2023. The market is estimated to grow at a CAGR of 1.6% in the forecast period of 2024-2032, reaching a value of around USD 1.13 billion by 2032.

Key Trends in the Market

A protocol analyzer is a software or hardware tool which monitors and analyses the data and its behaviour over the internet or network. Its primary function involves troubleshooting, monitoring the network performance, and detecting issues related to security.

• The shift towards remote network monitoring to access network information anytime and anywhere is one of the crucial protocol analyzer market trends. Protocol analyzers are now loaded with remote monitoring capabilities to offer real-time monitoring of network devices from any location for instant troubleshooting.

• There is an increasing usage of protocol analyzers to help drivers and firmware test and design engineers in developing serial data communications between systems and devices. Moreover, surging innovations amid the growing usage of high-performance computing are also likely to drive the protocol analyzer market growth in the forecast period.

• Increased incorporation of advanced technologies such as AI and machine learning into the protocol analyzer tools to gain sophisticated insights, provide comprehensive diagnostics, and enhance network performance also provides impetus to the protocol analyzer market growth.

Market Analysis

Based on type, the market is bifurcated into scalar and vector. The protocol analyzer market segmentation, on the basis of end use, includes aerospace defence, automotive, broadcast media, and manufacturing, among others. The major regional markets of protocol analyzer are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the protocol analyzer market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• SolarWinds Worldwide, LLC 

• Zoho Corporation Pvt. Ltd

• Rohde & Schwarz GmbH & Co. KG 

• Nanjing Pna Instruments Co., Ltd. 

• Viavi Solutions Inc. 

• Tektronix, Inc. 

• Keysight Technologies Inc. 

• Teledyne Technologies Incorporated  

• Aaronia AG 

• LiveAction, Inc  

• Others

Market Share by End Use

The broadcast media sector occupies a significant portion of the protocol analyzer market share due to the increased usage of protocol analyzer tools in broadcasting to ensure that the video and audio content quality is optimal. Moreover, these tools also ensure the uninterrupted flow of data during live streams and offer low-latency streams for the broadcast.

Meanwhile, the automotive sector is estimated to witness significant growth in the forecast period owing to the growing incorporation of advanced protocol analyzer tools for monitoring communication in on-vehicle networks.

Market Share by Region

As per the protocol analyzer market analysis, North America accounts for a substantial share of the global market due to the increased deployment of protocol analyzers in several end-use sectors such as automotive, broadcast media, and manufacturing, among others. The proliferation of the 5G network in the region also offers lucrative growth opportunities to the market.

Similarly, the Asia Pacific region is expected to gain a sizeable share of the global market in the future due to the burgeoning demand for protocol analyzers in the IT and telecommunications sectors.

Competitive Landscape

SolarWinds Worldwide, LLC is a software developer company, founded in 1999 and headquartered in Texas, the United States. The company provides tools such as database management, system management, and application management, among others.

Zoho Corporation Pvt. Ltd., established in 1996, is a multinational technology company, with its headquarters in Texas, the United States. The company offers software suites for all businesses, ranging from startups to large enterprises.

Rohde & Schwarz GmbH & Co. KG, incorporated in 1933, is best known for its broadcasting equipment and test and measurement tools. The company, based in Munich, Germany, also operates in aerospace and defence, cybersecurity, and governmental security sectors.

Other protocol analyzer market players include KG, Nanjing Pna Instruments Co., Ltd., Viavi Solutions Inc., Tektronix, Inc., Keysight Technologies Inc., Teledyne Technologies Incorporated, Aaronia AG, and LiveAction, Inc, among others.

Key Highlights of the Report