Network Forensics Market Set to Increase Significantly by 2024

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Global Network Forensics Market: Overview

Network forensics is a term that deals with the recording, capturing, and analysis of events that are related to the network with a view to discovering the emergence of the security attacks and other issues that are related to it. Network forensics can be briefed as specific analysis of the network that is conducted after some kind of security attacks. Abundant methods are used in network forensics. The two broad methodologies included in network forensics are catch-it-as-you-can and stop-look-listen.

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Global Network Forensics Market: Segmentation

The global network forensics market is segmented into solution, services, application area, deployment mode, organization size, and vertical. On the basis of the solution, the market is segregated into security information and event management, packet capture analysis, log management, intrusion detection system, threat intelligence, analytics, and firewall. Based on the services, the market is categorized into professional services and managed services. Depending on the application area, the market is divided into endpoint security, application security, data center security, network security, and others. On the basis of deployment mode, the market is bifurcated into on-premises and cloud. Based on the organization size the market is fragmented into large enterprises and small and medium enterprises (SMEs). Depending on the verticals, the market is segmented into BFSI, healthcare, education, manufacturing, government, energy and utilities, telecom and IT, retail, and others.

Global Network Forensics Market: Growth Factors

The greater exposure to various cyber-adversaries such as malicious insiders; hackers; cybercriminals; and nation-states, there has been a greater demand for network forensics. These entities pose regulatory, financial, and reputational risks to industries across the globe. The BFSI sector exhibits the greatest demand for the network forensics and has emerged as the foremost end user. The energy and utility sector also expects to contribute a good amount of revenue in the global network forensics market. Thus the demand for network forensics is going up in a substantial way which is fuelling the market growth. However, new opportunities are emerging owing to the widespread adoption of Industrial Internet of Things (IIoT) and big data. The privacy laws and other legal restrictions that are applied to the network forensic investigations might obstruct the growth of the market.

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Global Network Forensics Market: Regional Analysis

Geographically, the network forensics market is diversified into North America, Asia-Pacific, Latin America, the Middle East and Africa, and Europe. North America will come out as the largest market in terms of revenue in the coming years. The factor that contributes to this growth is the presence of a large number of market players in this region. In the Asia Pacific region, the market growth is attributed to the factor that there is a large existence of small and medium-sized enterprises. In the industrialized nations such as the U.S., Russia, Germany, India, China, Singapore, France, Australia, Italy, and Spain there is a huge need to protect the important data from advanced persistent threats (ATPs) thus triggering the demand of the network forensics.

Global Network Forensics Market: Competitive Players

Some of the key market players that are involved in the network forensics market include IBM Corporation, FireEye, NETSCOUT Systems, Viavi Solutions, NIKSUN, Cisco Systems, Symantec Corporation, EMC RSA, LogRhythm, and Savvius.

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