Global Network Forensics Market is expected to grow at a rate of 17.82% CAGR from 2021 to 2027, the Network Forensics Market is reaching almost US$ 6.05 Bn. in 2027.
Network Forensics Market Overview:
The Global Network Forensics Market The process of studying and researching information about a network or network events is known as network forensics. Network forensics is a study of network data that is recorded, examined, and captured in order to determine the source of cyber risks and security. Stop-look-listen and catch-it-as-you-can are the two main strategies used in network forensics.
Historical Forecast Period:
Maximize Market Research report presents the analysis of each segment from 2021 to 2027 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segment calculated for the forecast period from 2020to 2027.
Network Forensics Market Overview and Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Network Forensics Market segments which include products, applications, and competitor analysis.
Fraud, hacking, data theft—industrial espionage, insurance firms, drug trafficking, defamation, credit card cloning, and other areas could all benefit from network forensics. Network forensics is also used proactively to look for holes in IT architecture and networks, offering data security and IT administrators the ability to strengthen their defences in the event of future cyber-attacks.
The growing implementation of digital services in many commercial operations, including healthcare, government, education, retail, and banking, is propelling the global network forensics industry. Following the breakout of COVID-19 crises, the growing usage of internet services to run operations and store data has increased the requirement for a network to provide security to these internet services.
One of the primary factors driving the market's growth is the increasing frequency of cyberattacks and sophisticated threats such as distributed denial of service (DDOS) assaults, advanced persistent threat (APT), and ransomware. Network forensics solutions are commonly used by businesses to prevent and detect illegal access and identify the source of security issues.
BYOD (bring-your-own-devices) is becoming more popular, and broad adoption of IoT-enabled equipment is propelling the network forensics market forward. Enterprises rely on network forensic solutions to secure web and mobile apps, retrieve actionable digital evidence, and conduct in-depth data analysis across networks.
On the other side, the dearth of trained network forensics investigators and the growing challenges associated with the storage and collecting of improving data for investigation are expected to stymie market expansion. However, the increased need for next-generation and integrated network forensics solutions is expected to make the network forensics market attractive between 2020 and 2027.
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Segmentation:
By 2027, the cloud-based segment is expected to grow at the fastest rate of 18.2%, reaching roughly US$ 3.67 billion. The introduction of cloud-based network forensics technology to detect security anomalies and incidents in the network architecture remotely is driving this increase.
Cloud computing has exploded in popularity in recent years. Every day, many government and private companies throughout the world move their services and products to the cloud to save money on IT. Despite the growing number of security problems and cyber-crimes in the cloud environment, cloud network forensics solutions will be in high demand due to the rapid expansion of cloud computing.
Key Players:
• IBM Corporation
• Cisco Systems, Inc.
• Fireeye, Inc.
• Symantec Corporation
• Netscout Systems, Inc.
• EMC RSA
• Digital Defense, Inc.
• Fortinet, Inc
• Viavi Solutions
• Logrhythm, Inc.
• Niksun
• Savvius, Inc.
• CrowdStrike
• Trend Micro Incorporated
Regional Analysis:
Regional analysis is another highly comprehensive part of the research and analysis study of the Network Forensics Market presented in the MMR report. Local development plans are often affected by the performance of Network Forensics market. Our report briefly explains all the factors, market size, growth rate, import and export in regions covering North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. This research has provided market trends, key opportunities, factors affecting of particular regions, to examine the global and domestic Network Forensics market and these findings have been strategically presented in the report.
Competition Landscape:
Most of the key players present in the Network Forensics Market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.
Key questions answered in Network Forensics Market report
- What was the market size of Network Forensics Market in 2020 and forecast up to 2027?
- Which is the largest regional Network Forensics Market?
- What are the major trends followed in Network Forensics Market across different regions?
- Who is the key Network Forensics Market companies leading the market?
- What are the key strategies adopted by the leading Network Forensics Market companies in market?
- Unique data points of this report
- Statistics on Network Forensics Market penetration and spending worldwide
- Recent trends across different regions in terms of adoption of Network Forensics Market for various end-use.
- Notable developments going on in Network Forensics Market
- Attractive investment proposition for segments as well as geography
- Comparative scenario for all the segments for years 2020 (actual) and 2027 (forecast)
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