According to the latest report by IMARC Group, titled “Network Forensics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The global network forensics market size reached US$ 3.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.2 Billion by 2028, exhibiting a growth rate (CAGR) of 14.5% during 2023-2028.
The procedure of gathering and examining unprocessed network data and monitoring network activity is known as "network forensics.. It includes monitoring and analyzing computer network traffic while allowing individuals to gather information, compile evidence, and detect intrusions. Consequently, it finds extensive applications across the banking, financial services, and insurance (BFSI), healthcare, energy, education, telecom and information technology (IT), retail, aerospace, and defense sectors.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The growing need to protect networks from cyber and advanced attacks, such as ransomware, distributed denial of service (DDOS) attacks, and advanced persistent threats, is a major factor driving the global market (APT. Furthermore, a considerable rise in demand for integrated and next-generation cloud-based networks has escalated the demand for network forensic solutions since these security solutions can conveniently adapt themselves to the changing network conditions. In addition to this, the escalating preference for bring-your-own-devices (BYOD) across numerous workspaces and the widespread adoption of the Internet of Things (IoT) have further provided an impetus to market growth.
Breakup by Component:
Solution
Services
Breakup by Organization Size:
Small and Medium-sized Enterprises (SMEs)
Large Enterprises
Breakup by Deployment Mode:
Cloud-based
On-premises
Breakup by Application:
Data Center Security
Endpoint Security
Network Security
Application Security
Others
Breakup by End Use Industry:
BFSI
Government
Healthcare
IT and Telecom
Education
Manufacturing
Retail
Others
Breakup by Region
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Cisco Systems Inc.
CrowdStrike Holdings Inc.
FireEye Inc.
Fortinet Inc.
International Business Machines Corporation
LiveAction Inc.
LogRhythm Inc.
McAfee LLC
NETSCOUT Systems Inc.
NIKSUN Inc.
NortonLifeLock Inc.
Rapid7 Inc.
RSA Security LLC (Dell Technologies Inc.)
Trend Micro Incorporated
VIAVI Solutions Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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