Network Forensics Market: Global Industry Analysis and Forecast (2023-2029)

Network Forensics Market is expected to grow at a rate of 17.82% CAGR from 2023 to 2029, the Network Forensics Market is reaching almost US$ 8.39 Bn. in 2029.
Global Network Forensics Market Overview and Dynamics:
Network forensics is a process of analyzing and investigating information about a network otherwise network events. Network forensics is widely considered as a study of network data that is recorded, analyzed and captured to discover the source of cyber threats/ security. The two broad methodologies involved in network forensics are stop-look-listen and catch-it-as-you-can.

The application of network forensics could be in parts like fraud, hacking, data theft—industrial espionage, insurance companies, narcotics trafficking, defamation, credit card cloning, etc. Network forensics is also used proactively to examine flaws in IT infrastructure and networks, thus giving data security and IT administrator’s officers the extent to shore up their defenses upon future cyber-attacks.To know about the Research Methodology:- Request Free Sample Report

The global network forensics market is being driven by the rapid deployment of digital services in many business operations across areas, including healthcare, government, education, retail, and banking among others. The growing use of internet services to manage operations, and store data mainly after the outburst of COVID-19 crises is expanding the demand for a network to offer security to these internet services.

The growing incidence of cyberattacks and advanced threats, like distributed denial of service (DDOS) attacks, advanced persistent threat (APT) and ransomware is one of the major factors fueling the growth of the market. Companies are widely using network forensics solutions to prevent and recognize unauthorized access and determine the security threats source.

The emerging trend of BYOD (bring-your-own-devices) and widespread adoption of IoT enabled equipment are providing a thrust to the network forensics market growth. Network forensic solutions are widely utilized by enterprises for securing web and mobile and applications, extracting actionable digital evidence and leading an in-depth analysis of data across networks.

On the other hand, the lack of skilled investigators of network forensics and the increasing problems linked to the storage & collection of improving data for inquiry are projected to hamper the market growth. However, the growing demand for next-generation and integrated network forensics solutions is likely to create lucrative opportunities for the network forensics market during 2023-2029.

The report has covered the market trends from 2018 to forecast the market through 2029. 2022 is considered a base year however 2022’s numbers are on real output of the companies in the market. Special attention is given to 2021 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Cloud segment is expected to witness significant growth during the forecast period.
Based on deployment, the cloud-based segment is projected to grow at the highest CAGR of 18.2% to reach nearly US$ 5.11 Bn by 2029.This growth is driven by the growing adoption of cloud-based network forensics technologies to detect security anomalous and incidents in the network infrastructure remotely.

In recent years, cloud computing has increased immense popularity. Many government and private organizations around the globe shift their services and products to the cloud every day to decrease their IT costs. Despite the rising number of security concerns and cyber-crimes in the cloud environment, the fast evolution of cloud-computing will drive demand for cloud network forensics solutions.

The SMEs segment is expected to grow at the highest 19.34% CAGR over 2023-2029.

Globally, the SMEs segment is estimated to grow at the highest rate, by organization size. This development is attributed to the growing adoption of network forensics by SMEs to examine and interpret data on a large scale.



North America is the global leader in Network Forensics Market.

North America is expected to account for the largest 45.31% share followed by the Asia Pacific in 2022 thanks to the presence of a huge number of market players in the USA. The market in the APAC will also grow at a significant rate, as there is a large existence of SMEs enterprises. In industrialized economies like the U.S., India, Germany, Russia, China, Australia, France, Spain and Italy there is a huge need to protect vital data from advanced persistent threats (ATPs) therefore, prompting the demand for network forensics.

The U.S. is predicted to remain one of the most attractive markets during 2023-2029.

As per the study, the U.S. is expected to account for 65% of the North American market through 2029. This is driven by the rising demand for advanced network forensics solutions across different industries. The U.S. is witnessing increasing demand for 5G networks across the country. All major service and solution providers in the U.S. and Canada are affecting aggressively launching 5G commercially.

Furthermore, the U.S. will emerge as the largest market in North America owing to the strong presence of network forensics solution players such as Cisco Systems, IBM, Fireeye, Logrhythm and Netscout Systems among others.

U.K. is expected to lead the European market, generating revenue worth $ xx Mn by 2029.

The U.S. is rapidly progressing toward digitalization of the society and economy, which has generated new opportunities for cyber-attacks. Also, Changes in working patterns have been enhanced by the COVID-19 pandemic, with 40% of workers in the U.K. having switched to remote working in early 2022.

The country is also observing technological development and adoption of advanced telecom infrastructure by small as well as large enterprises, which aids fuel demand for network forensics solutions.

Leading market key players are working to demonstrate the opportunity to network forensics market.

The MMR reports cover key developments in the network forensics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Such as, In Nov 2021, FireEye Company acquired Respond Software. Respond Software/XDR engine able to quicken response and cyber study by automating the correlation of multi-sourced attack evidence. This helps to boost its market forensic product offering.

In Dec 2021, NETSCOUT Systems, Inc. presented cybersecurity forensics for AWS-cloud workloads. It aids to achieve better efficiencies and comprise costs in mitigating new security threats as companies move applications to the cloud.

The objective of the report is to present a comprehensive analysis of the global Network Forensics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Network Forensics Market dynamics, structure by analyzing the market segments and projects the global Network Forensics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Network Forensics Market make the report investor’s guide.
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Global Network Forensics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 2.66 Bn.


Forecast Period 2023 to 2029 CAGR:
17.82 %.
Market Size in 2029:
US $ 8.39 Bn.


 Segments Covered:
by Application
Data center security
Endpoint security
Network security
Application security
Others


by Deployment Mode
Cloud
On-premises


by Organization Size
Small and Medium Enterprises (SMEs)
Large enterprises


by Vertical
Banking, Financial Services, and Insurance (BFSI)
Government
Healthcare
Energy and utilities
Education
Telecom and IT
Manufacturing
Retail
Others



Network Forensics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Network Forensics Market Key Players
1.IBM Corporation
2.Cisco Systems, Inc.
3.Fireeye, Inc.
4.Symantec Corporation
5.Netscout Systems, Inc.
6.EMC RSA
7.Digital Defense, Inc.
8.Fortinet, Inc
9.Viavi Solutions
10.Logrhythm, Inc.
11.Niksun
12.Savvius, Inc.
13.CrowdStrike
14.Trend Micro Incorporated
Frequently Asked Questions:
1) What was the market CAGR of Network Forensics Market during 2023-2029?
Ans - Network Forensics Market is expected to grow at a rate of 17.82% CAGR from 2023 to 2029.

2) What is the market segment of the Network Forensics Market?
Ans -The market segments are based on Application, Deployment Mode, Organization Size and Vertical.

3) What is the forecast period considered for Network Forensics Market?
Ans -The forecast period for Network Forensics Market is 2023 to 2029.

4) What is the market size of Network Forensics Market markets in 2029?
Ans –Network Forensics Market is estimated as worth US$ 8.39 Bn.

5) Which region is dominated in Network Forensics Market?
Ans -In 2021, the North America region dominated the Network Forensics Market.