The Network Forensics Market is anticipated to be worth US$ 1.41 Billion in 2023 and US$ 6.41 Billion by the end of 2033. From 2023 to 2033, the market for network forensics is anticipated to expand at a CAGR of 16.3%.
The network forensics market is rapidly expanding as businesses increasingly seek to identify and investigate security incidents that occur within their networks. Network forensics refers to the process of collecting, analyzing, and preserving network traffic and data to identify and investigate security incidents. This market includes a range of solutions such as software, hardware, and services that enable businesses to identify and respond to security incidents quickly.
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One of the primary drivers of the network forensics market is the increasing frequency and sophistication of cyberattacks. As businesses rely more on digital technologies to operate, cybercriminals have become more sophisticated and aggressive in their attacks. Network forensics solutions are critical in identifying the source of these attacks and allowing businesses to quickly respond to mitigate the damage caused.
Another key factor driving the growth of the network forensics market is the increasing regulatory environment. Many industries such as healthcare, finance, and government are subject to strict regulations that require businesses to demonstrate that they have effective security measures in place. Network forensics solutions enable businesses to comply with these regulations by providing detailed information about security incidents and demonstrating that they have taken appropriate action to address them.
Additionally, the growing adoption of cloud-based services is driving demand for network forensics solutions that can monitor and analyze network traffic in cloud environments. With the increase in remote work and the use of cloud-based applications, businesses require solutions that can identify security incidents across all endpoints and cloud-based platforms.
In conclusion, the network forensics market is expected to continue to grow as businesses increasingly recognize the need to identify and investigate security incidents within their networks.
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Companies Covered in This Report –
- IBM Corporation
- Cisco Systems, Inc.
- Fireeye, Inc.
- Broadcom
- Netscout Systems, Inc.
- Dell Technologies
- Viavi Solutions
- Logrhythm, Inc.
- Niksun
- Savvius, Inc.
Key Takeaways from Market Study
- Professional services hold a market share of 64.6%; however, demand for managed network services will witness a CAGR of 17.9%.
- Services are expected to register high growth throughout the forecast period, expanding at a CAGR of 14.8% through 2031.
- Germany holds 39.8% share of the Europe market, driven by mass adoption in small- and mid-sized enterprises and stringent government rules on end-user verticals.
- The U.S. is a high potential market in North America, and is expected to account for more than 60% of the regional market by 2031, supported by rising investments in small/medium-scale enterprises and large enterprises.
- China dominates East Asia and accounts for over 48.7% value share on the back of a vast consumer base.
“Increased need to secure network infrastructures from sophisticated cyber- attacks, such as ransomware, DDoS, and APTs, expected to drive market growth,” says a Persistence Market Research analyst.
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Key Segments of Network Forensics Market Industry Research
By Component:
- Network Forensics Solutions
- IDS/IPS
- SIEM
- Threat Intelligence
- Packet Capture Analysis
- Log Management
- Analytics
- Firewall
- Network Forensics Services
- Professional Services
- Consulting Services
- Training and Education
- Design and Integration
- Incident Response
- Managed Services
- Professional Services
By Deployment Mode:
- Cloud-based Network Forensics Solutions
- On-premise Network Forensics Solutions
By Application:
- Network Forensics for Data Center Security
- Network Forensics for Endpoint Security
- Network Forensics for Network Security
- Network Forensics for Application Security
By Industry:
- Network Forensics for BFSI
- Network Forensics for Government
- Network Forensics for Healthcare
- Network Forensics for Energy and Utilities
- Network Forensics for IT and Telecom
- Network Forensics for Manufacturing
- Network Forensics for Retail
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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