Network Forensics Market

Global Market Study on Network Forensics: Rapidly Increasing Frequency of DDoS Attacks to Push Demand

Introduction

Attacking techniques by hackers have become more sophisticated than ever before. As new ways to secure data are developing, new methods for attacking are also finding their way into the landscape.

Furthermore, network attacks such as DoS and DDoS, are being increasingly used by hackers to destroy networks by stealing confidential data by increasing network traffic, thereby blocking user access.

The sharp surge in the number of DDoS attacks is anticipated to boost the adoption of network forensic tools exponentially, thereby leading to a rise in network forensics market in the near future.

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Companies

  • Cisco Systems
  • IBM Corporation
  • FireEye
  • Netscout Systems
  • DELL EMC RSA
  • Logrhythm
  • Viavi Solutions
  • Niksun
  • Savvius
  • Packet Forensics
  • Riverbed Technology
  • PacketSled
  • Search Results
  • Narus
  • Novetta Solutions

Increasing Digitalization of Information Aiding Market Growth

Large enterprises need to store bulk of critical data about their employees, customers, and financials of the company. In addition to storing, they even need to manage it to analyze the performance of the company. This increasing digitalization of information has been made easy with the help of hundreds of tools and techniques.

But securing this information has become a daunting task. As these enterprises can’t afford to have any of their critical data leaked, they are largely turning towards the adoption of network forensic platforms in order to remain assured about the protection of their information.

As the adoption of network forensics increases, revenue from the network forensics market is anticipated to rise exponentially during the forecast period (2020 to 2030).

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Rising Adoption of IoT Technology to Support Market Growth

With rapid advancements in technology, smartphone penetration, IoT, and connected devices are increasing. This has created space for new threats to enter the market, which, in turn, leads to the increased need to secure data.

Due to this, the adoption of new methods to monitor data traffic and secure organizations from data breach is rising. As a result, the network forensics market is expected to witness healthy growth in the near future.

network forensics market

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North America Network Forensics Market to Remain Dominant throughout Forecast Period

In terms of value, the network forensics market in North America led the global market in 2019. With the rising demand for security solutions, the number of key players in the market is increasing in the region.

Developing regions such as South Asia & Pacific are expected to record the highest growth rates over the forecast period, owing to the number of small- and medium-sized enterprises entering the market.

The rising number of cybersecurity threats in government organizations and the banking sector are key factors that are predicted to ensure the development of this region in the coming few years.

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Network Forensics Market – Competition Landscape

With the rising demand for security solutions, the number of players in the network forensics market is increasing. The availability of key players offers customers a wide range of choices among different network forensic platforms with easy accessibility and low costs.

Some leading players in the network forensics market are IBM Corporation, FireEye, Netscout Systems, Cisco Systems, DELL EMC RSA, Logrhythm, Niksun, and Viavi Solutions.

Analysts’ Viewpoint

In this market study, the global network forensics market is tracked in terms of market value, and is correlated and adjusted to obtain market revenue estimates for the forecast period of 2020–2030. The global network forensics market is anticipated to witness an increase in revenue from US$ 2.2 Bn in 2020 to US$ 7 Bn by 2030. Growth of the global market is led by North America, with South Asia & Pacific expected to offer the most lucrative opportunities over the next decade. With increased work from home activities due to the coronavirus outbreak, organizations need to secure their data from attacks and leaks all the more, which will bode well for the market in the current situation.

Network Forensics Market: Segmentation

PMR’s research study on the global network forensics market offers a detailed market taxonomy, wherein, key segments have been discussed in detail. The segmentation of the network forensics market has been offered on the basis of solution, service, application area, deployment mode, industry, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.

Solution

  • Intrusion Detection Systems (IDS) / Intrusion Prevention Systems (IPS)
  • Security Information and Event Management (SIEM)
  • Threat Intelligence
  • Packet Capture Analysis
  • Log Management
  • Analytics
  • Firewall

Service

  • Professional Services
    • Consulting Service
    • Training and Education
    • Design and Integration
    • Incident Response
  • Managed Services

Application Area

  • Data Center Security
  • Endpoint Security
  • Network Security
  • Application Security
  • Others

Deployment Mode

  • Cloud-based
  • On-premise

Industry

  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Healthcare
  • Energy and Utilities
  • IT and Telecom
  • Manufacturing
  • Retail
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

Network Forensics Market: Key Questions Answered in the Report

The research study on the network forensics market offers inclusive insights about the growth of the market in the most comprehensible manner for the better understanding of users. Insights offered in the network forensics market report answer some of the most salient questions that assist stakeholders in gauging all the emerging possibilities.

  • How has the rapidly changing business environment turned into a major growth engine for the network forensics market?
  • What are the underlying macroeconomic factors impacting the growth of the network forensics market?
  • What are the key trends that are constantly shaping the growth of the network forensics market?
  • Which are the prominent regions offering plentiful opportunities for the network forensics market?
  • What are the key differential strategies adopted by key players to command a significant chunk of the global market share?
  • How is the COVID-19 pandemic impacting the global network forensics market?

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