Market Research Future (MRFR), in its recently published research report, asserts that the global network forensic market 2020 is booming and expected to grow exponentially over the review period, recording a substantial market valuation of approximately USD 3.12 Billion by 2023, and a healthy 17.4% CAGR in the forecast period (2018-2023).
The top market players operating in the global market as identified by MRFR are Trustwave Holdings Inc (US), Viavi Solutions (US), Packet Forensics LLC (US), IBM Corporation (US), FireEye Inc (US), Symantec Corporation (US), Cisco System Inc (US), Corero Network Security (US), LogRhythm (US), Dell Technologies (RSA Security LLC), and AT & T (Alien Vault Inc.) among others.
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Drivers and Restraints
In recent years, the enterprise network has become more complex owing to the increasing congestion of network traffic related with the adoption of BYOD and connected devices that led to vulnerability of cyberattacks such as ransomware, malware, and distributed denial of Service (DDoS). Digital transformation in commercial sectors and severe regulatory norms against the cyberattack threats are some of the factors fueling the growth of network forensic market over the review period. On the other hand, the lack of awareness and skilled network forensic investigators are some of the hindering factors that hinder the growth of the network forensic market during the forecast period. Growing trends of BYOD and remote computing are creating a need for technologies that can be adopted instantly and scaled without the need for more advanced infrastructure. Moreover, with industries shifting most of the computing needs to cloud, the need for security in this application is on a rise. cloud-based models are observing an accelerated growth in the market, owing to market players providing flexible costs and demand-based models, which is slated to continue during the forecast period.
- Network solution providers
- Independent software vendors
- Consulting firms
- System integrators
- Value-added resellers
- Managed Security Service Providers (MSSPs)
- Government agencies
- Network forensics vendors
The global network forensic market is analyzed into deployment, component, organization size, application, and vertical.
By component the market is bifurcated into solution and service. The solution is further sub-segmented into security information and event management (SIEM), intrusion detection system, packet capture analysis, threat intelligence, log management, and firewall management. The service is further sub-divided into professional services and managed services.
Based on deployment the network forensic market is divided into cloud and on-premise.
By application, the market is classified into endpoint security, data center security, network security, application security, email security, and cloud security.
Based on the organization size, the network forensic market is bifurcated into large enterprise and small and medium enterprise.
Based on vertical, the network forensic market is segmented into banking and finance, automotive, education, energy & utilities, healthcare, government, retail, hospitality, manufacturing, and industrial. IT and telecom companies form a major segment in the critical infrastructure of any country, and multiple industries rely on their network for being operational. Therefore, the influence of a network attack can be vast and far-reaching, if it influences the IT and telecom industry. Even a minor attack, or claims of an attack, can result in a company to shut down the critical services that the clients and businesses rely upon.
The sector is also booming with growth opportunities for network operators to transform their revenue models, through the development of advanced and advanced digital services, related to OTT communications, 5G, IoT, e-commerce, and mobile payments or managed services.
The geographical analysis of the global market has been conducted in four major regions, covering Europe, North America, the Asia Pacific, and the rest of the world (Latin America, the Middle East and Africa). North-America is dominating the global network forensic market over the forecast period. The market growth is fueled due to the presence of key players of this market such as Cisco System Inc, IBM Corporation,,among others, in a higher concentration in this region. The other factors that are accountable for the market growth is the increasing cyber attacks and substantial investments in the research and development in the security intelligence segment by the US and Canada.
Asia-Pacific is expecting to reach highest CAGR over the review period due to the extensive adoption of cloud-based technologies over various verticals and augmented adoption of digital technologies in countries such as China and India.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.1.5 Bargaining Power Of Suppliers
4.2 Value Chain/Supply Chain Of Global Network Forensic Market
5 Industry Overview Of Global Network Forensic Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
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