Gigamon holds 63% share in booming deep observability market

Deep observability company, Gigamon, has maintained its position as a market leader with a 63% share in the growing deep observability market, according to a new research report by the 650 Group.

Revealing growth of 61% in 2023, the study highlights the increasing centrality of granular network monitoring for real-time threat detection and high-fidelity data collection for AI deployments.

Gigamon's globally recognised Deep Observability Pipeline has been crucial for firms seeking to proactively secure and manage hybrid cloud infrastructure. The 650 Group report reveals that the global deep observability market demonstrated 43% year-on-year growth in 2023, moving towards a forecasted compound annual growth rate (CAGR) of 40%, and projected revenue closing in on $2 billion in 2028.

One of the challenges highlighted by the 2023 Hybrid Cloud Security report was the lack of confidence by a third of Chief Information Security Officers (CISOs) about where their most sensitive data is stored, and how it's secured. This insecurity has left a gap that threat actors have been quick to exploit, potentially jeopardising businesses, especially as encrypted traffic becomes increasingly difficult to analyse, thereby reducing the opportunity for proactive cyber threat detection with current cloud, security, and observability tools.

The Gigamon Deep Observability Pipeline has proven its worth by delivering network-derived intelligence to cloud, security and observability tools, combating these security blind spots and enabling organisations to secure and manage their hybrid cloud infrastructure far more effectively. The technology offers deep observability into traffic over hybrid and multi-cloud infrastructure, leading to enhanced security and performance. Gigamon has gained the trust of over 4,000 global organisations so far, helping them proactively manage and secure their hybrid cloud architecture.

One such organisation is the University Health Network, which has found Gigamon instrumental in providing visibility into East-West lateral traffic traversing their complex, hybrid cloud structure. Director of Cybersecurity at University Health Network, Kajeevan Rajanayagam, stressed the importance of such visibility for any security team and voiced his approval for Gigamon, citing instances where the firm helped identify potentially costly ransomware attacks in the recent past.

Alan Weckel, founder and technology analyst at 650 Group noted the repercussions of new cyber threats and cited recent reports of breaches, ransomware and data leaks. He emphasised the quintessential role of deep observability in the context of East-West visibility into encrypted traffic, as a fundamental part of all organisational operations. Weckel appreciated Gigamon's persistence in maintaining a leading position in the market and praised their Deep Observability Pipeline for its innovative approach to helping secure and manage the evolving hybrid cloud infrastructure.

The market research firm have defined the deep observability market as an emerging segment within the larger observability market, including probes and agents sold as standalone systems and charged separately from other observability systems. The firm's report projects deep observability market revenue to be $549 million in 2024, with a 50% revenue growth projected to reach $825 million in 2025. Moreover, the report predicts that cloud-delivered deep observability products will drive the highest revenues in upcoming years, accounting for 51% of the near $2 billion in revenue by 2027.