Network Forensics Market by Component (Hardware, Solution, and Service); Deployment (Cloud, and On-Premises); End User (Telecom & IT, Government, BFSI, Healthcare, Retail, and Others): Global Market Size Estimates and Forecast (2022-2030)

BMIRE00026198 | Pages: 100 | Technology, Media and Telecommunications | Sep 2022 | Type: Global | Status: Published

The Network Forensics market crossed US$ 2.6 billion mark in 2022 and is expected to hit US$ 8.2 billion by 2030, recording a CAGR of 15.2% during the forecast period.

Network Forensics market has been significantly growing with the adoption of sophistication of hacking techniques

On-going digitization is transforming the current business environment. New networking technologies might have compatibility and security issues for which network forensics investigators must collect digital evidence to provide better solutions. Generated output from network forensics is digital evidence documented to be strong and accurate, owing to which they are legally accepted. The growth in sophistication of cyber criminals that utilize multi-layered hacking mechanisms to monitor networks across enterprises has compelled businesses to adopt network forensics. Traditional security solutions cannot adapt to changing attack patterns; thus, next-generation security solutions such as SIEM, IDS/IPS, packet capture analysis, firewalls, and log management are in high demand. These solutions analyze historical data and monitor real-time network traffic to respond to threats accurately. Moreover, growth in the need for in-depth analysis of network data coupled with a rise in the need to extract or gain actionable digital evidence on cyber-attacks is anticipated to witness high growth of network forensics products and services across industries in the coming years.

Within the report, the Network Forensics market is segmented into component, deployment, and end user. On the basis of component, the market is segmented as hardware, software, service. On the basis of deployment, the market is segmented as on-premises, cloud. On the basis of end user, the market is segmented as Telecom & IT, Government, BFSI, Healthcare, and Retail, others. Geographically, the Network Forensics market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The Network Forensics market in Asia Pacific holds the highest growth rate and is expected to retain its position during the forecast period (2022-2030). The high growth is due to the presence of most populous countries such as China and India in the region.

IT and Telecom segment in end user to hold significant growth of Network Forensics market during the forecast period (2022-2030)

Based on end user, the IT and telecom segment is estimated to account for a significant Network Forensics market growth during the forecast period. The IT and telecom industry is a pioneer in implementing new technologies. IT and telecom corporations form a major segment in the critical infrastructure of any country, and multiple industries d epend on their network for operation. Thus, the impact of a network attack can be huge and far-reaching if it impacts the IT and telecom sector. Even a minor attack can lead a company to shut down the crucial services that the businesses consumers rely upon. The IT and telecom sector is also booming with opportunities for network operators to transform their revenue models by developing advanced and innovative digital services related to IoT, OTT communications, 5G, e-commerce, and mobile payments or managed services. At the same time, offering an improved network experience and implementing innovative and customized services are essential to driving revenue. Phishers have attacked leading organizations. Thus, proper cyber security skills are especially important regarding security analytics and operations, according to the vendors in the market.

Increased network traffic and network systems complexity is one of the major factors accelerating the network forensics market growth.

The internet population grew to 5.03 billion worldwide in 2022, and Asia has the major percentage of internet users by continent/region. Network traffic is will increase more in the upcoming years due to the advancements in internet technology. Complex systems and heavy data traffic make the forensics process monotonous for examining to get deeper visibility into the systems. The augmented need to secure networks from cutting-edge attacks and minimize network crimes would drive the network forensics market in the upcoming years. Network forensics helps companes to  capture, record, and analyze the network traffic for investigation and incident response. Network forensics also helps identify insider theft and misuse of networking resources and evaluate the network performance. Organizations worldwide have started deploying network forensics solutions to detect network traffic and its effect on sensitive data.

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Recent strategic developments in Network Forensics market

The Network Forensics market has undergone several significant developments, and a few of these have been mentioned below:

  • In November 2021, NETSCOUT Systems has partnered with Amazon Web Services to provide greater visibility and security to AWS customers. The integration between NETSCOUT Systems Omnis Cyber Intelligence (OCI) and Amazon Web Security Services will enhance the organizations' security landscape by expanding the scope of visibility to investigate and identify cyber threats.
  • In August 2021, Accenture Federal Services (AFS) acquired Novetta Solutions to provide highly specialized mission solutions. With the acquisition, AFS added a new National Security portfolio to its business led by Novetta President and CEO Tiffanny Gates. This portfolio will provide the highly specialized mission solutions that clients turn to for expertise in the converging domains of analytics, intelligence expertise, cloud engineering, and cyber.

The Network Forensics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. FireEye, Inc.; LogRhythm, Inc.; Corero Network Security; Symantec Corporation; IBM Corp.; Cisco Systems; RSA Security (Dell); NETSCOUT Systems Inc.; Savvius, Inc.; and NIKSUN Incorporated are among the prominent players operating in the Network Forensics market.

Target audience for the report:

  • Network Forensics software providers
  • Network Forensics service providers
  • Network Forensics associations, organizations, forums, and alliances
  • Venture capitalists, private equity firms, and start-up companies
  • End users of Network Forensics
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the Network Forensics market has been segmented on the basis of:

  • Component
    • Hardware
    • Solution
    • Service
  • Deployment
    • Cloud
    • On-Premises
  • End User
    • Telecom & IT
    • Government
    • BFSI
    • Healthcare
    • Retail
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • FireEye, Inc.
    • LogRhythm, Inc.
    • Corero Network Security
    • Symantec Corporation
    • IBM Corp.
    • Cisco Systems
    • RSA Security (Dell)
    • NETSCOUT Systems Inc.
    • Savvius, Inc.
    • NIKSUN Incorporated

Companies profiled

- FireEye, Inc.

- LogRhythm, Inc.

- Corero Network Security

- Symantec Corporation

- IBM Corp.

- Cisco Systems

- RSA Security (Dell)

- NETSCOUT Systems Inc.

- Savvius, Inc.

- NIKSUN Incorporated

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