Network Forensic Market Size -Trends and Forecast to 2027
Network Forensic Market Size Scenario:
According to Market Research Future (MRFR), the global Network Forensic Market Size is poised to touch the valuation of USD 3.12 BN by 2027, growing at 17.4% CAGR throughout the assessment period (2020–2027). Besides, the increasing network-related attacks and cybersecurity breaches, alongside the rising optimization of network infrastructure and increasing numbers of businesses, drive the growth of the market. Moreover, the growing need to protect network layers from advanced cyber threats accelerates the market demand.
The Network Forensic Market Size is progressing extensively. The enterprise network is becoming more complicated due to the growing congestion of network traffic associated with the adoption of BYOD and connected devices. This, as a result, leads to increasing cyberattacks vulnerabilities, such as malware, ransomware, and distributed denial of Service (DDoS). Growing cyberattacks that affect businesses drastically by breaching confidential data that turn out as financial loss to the organizations escalates the market growth.
The crippling effect of the global COVID-19 pandemic has detained the growth potential of the Network Forensic Market Size. This MRFR report on the Network Forensic Market Size indicates critical pointers that may emerge as growth hubs in the future. Moreover, in-depth data analysis is estimated to offer a clearer growth perspective to market participants.
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Segmentation:
· By Component : Solutions (intrusion detection system, security information, event management (SIEM), threat intelligence, packet capture analysis, log management, firewall management, others) and Services (professional and managed services).
· By Deployment : On-Cloud and On-Premise.
· By Application : Data Center Security, Endpoint Security, Network Security, Application Security, Email Security, Cloud Security, and others.
· By Organization Size: Small and Medium Sized Enterprises and Large Enterprises.
· By Vertical : Automotive, Banking & Finance, Education, Energy & Utilities, Government, Healthcare, Retail, Hospitality, Manufacturing, Industrial, and others.
Regional Analysis:
North America dominates the global Network Forensic Market Size. The region witnesses massive adoption of network forensic tools. The key market share attributes to the presence of several notable players and early adoption of advanced cybersecurity solutions. Besides, continuous investment and demand for optimized network infrastructure drive the growth of the network forensic industry.
The Asia Pacific Network Forensic Market Size is emerging as a promising market globally. Factors such as the extensive implementation of cloud-based technologies across various verticals and increased adoption of digital technologies influence market growth. Moreover, burgeoning industries, such as IT & telecom, especially in the economically and technologically developing countries such as China, Japan, and India, foster the market share of the region.
Moreover, rising cyberattacks and huge R&D investments in developing & improving security intelligence technologies, influence market growth. The US accounts for the major Network Forensic Market Size share due to the rising technological upgrades. The North American network forensic tools market is projected to retain its dominance throughout the estimated period.
Europe stands second in the global Network Forensic Market Size. The market growth is driven by the growing need to resolve cybersecurity issues. Additionally, the increasing adoption of on- cloud services in the region creates substantial market demand. The UK holds a larger market share, followed by Germany and France. The European Network Forensic Market Size is predicted to show immense growth over the assessment period.
Moreover, increasing numbers of enterprises and massive demand for advanced solutions that comprehensively increase real-time data access push the market growth. The APAC Network Forensic Market Size is projected to create a substantial revenue pocket during the review period, offering significant growth opportunities.
Competitive Outlook:
Players leading the Network Forensic Market Size include Cisco System Inc (US), IBM Corporation (US), FireEye Inc (US), LogRhythm (US), Corero Network Security (US), Dell Technologies (RSA Security LLC), Viavi Solutions (US), Symantec Corporation (US), Trustwave Holdings Inc (US), AT & T (Alien Vault Inc.), and Packet Forensics LLC (US), among others.
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Table of Contents:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
Continued….
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