Global Network Forensics Market - 2024-2031

Report Overview

The Global Network Forensics Market size was worth US$ 1.34 billion in 2023 and is estimated to reach US$ 2.90 billion by 2031, growing at a CAGR of 10.13% during the forecast period (2024-2031).

Network forensics is described as gathering and analyzing data about a network or its events. To conduct network forensics, the examinations manage a system of odd traffic and underlying interventions. There are various benefits to network forensics, including increased network system provisioning, network forensics to determine the security breaches and the ability to warn the system administrator in real-time. Because of the growing use of the internet in homes, computers have shifted to a network-centric model and data is increasingly accessible outside of disk-based digital proof.

Network forensics can be used as a stand-alone inquiry or in conjunction with a computer forensics investigation. Hacking, fraud, insurance companies, data theft, defamation, narcotics trafficking, credit card cloning and other fields could benefit from network forensics. Network forensics can also evaluate network and IT infrastructure problems in advance, offering IT administrators and data security officers the ability to strengthen their defenses against future cyber-attacks.

Market Dynamics

Data thefts and cyberattacks are on the rise, as is network traffic and demand for cloud-based network forensics solutions. However, a shortage of qualified personnel and infrastructure to store all data packets is projected to hamper market expansion.

The growing network traffic and complexities

The global internet population have risen to 4.9 billion people in recent years, with Asia having the highest percentage of internet users by continent/region, accounting for 51.8 percent of all users. Because of technological improvements, network traffic is expected to increase even more in the next years. The research process is tedious for analyzing to gain deeper visibility into the systems due to heavy data traffic and complicated systems.

In the future years, the network forensics industry will be driven by the rising requirement to protect networks from advanced assaults and reduce network crimes. Network forensics aids businesses in capturing, recording and analyzing network data to conduct investigations and respond to incidents. It also aids in detecting insider theft and misuse of networking resources and assessing network performance. Network forensics technologies have been deployed by organizations global to detect network activity and its impact on sensitive data.

The increasing use of AI and analytics in IT infrastructure

To address significant vulnerabilities with faster threat detection, mitigation and response capabilities, network forensics investigators are adding AI, machine learning and analytics principles into their solutions. Advances in technology like AI and machine learning are helping to turn the tide against vulnerabilities. Network security systems based on AI and machine learning assist enterprises in providing complete security features to their network infrastructure.

Because AI approaches are used for learning and reasoning, they are exceptionally capable of learning and solving complicated computational problems. AI systems have advanced in performing increasingly complicated computational tasks, using ML as the basic technology and network forensics investigators can advance ANN in pattern recognition.

Lack of skilled network forensics investigators

According to the foremost forensic training institute, the International Institute of Forensics and Security Studies, investigators view gaps in standards, equipment and training as a key impediment when investigating crimes involving networks across cloud, mobile devices and PCs. As per the (NASSCOM) National Association of Software and Service Companies, one million cybersecurity specialists were required in recent years.

When it comes to network forensics investigations, investigators must have the necessary technical skills and understanding to capture, process, store and analyze evidence. There is a demand for educated network forensics professionals for this meaningful examination of digital evidence, which is currently behind in the market and is projected to be the primary factor limiting the market growth.

Market Segment Analysis

By end-user, the network forensics market is segmented into BFSI, healthcare, retail & e-commerce, education, IT & IT services, government and others.

The rising implementation of IoT infrastructure

Information Technology (IT) and IT services deal with the production, processing, preservation and protection of numerous types of electronic data using computers and networking devices. The use of web and mobile-based applications via endpoint devices such as desktops, laptops, mobile phones, tablets, virtual machines and other embedded endpoint devices is common in this end-user. As a result, cybercriminals routinely target the networks of these industries.

The rise in network assaults and network crimes is due to the increased adoption of the BYOD trend, the implementation of IoT infrastructure and the widespread adoption of personal devices among firms in this sector. IT service providers are now adopting network forensics solutions for investigations to maintain the safety of network infrastructure and technological innovation.

Market Geographical Share

The growing network complexities and security threats in Asia-Pacific

With the rise in network complexities, the threat landscape in Asia-Pacific is changing at an alarming rate, compelling enterprises to employ network forensics solutions. Many SMEs exist in the region, providing significant employment prospects. Asia-Pacific has seen rapid and advanced adoption of new technologies and it is predicted to evolve faster during the forecast period.

The region is pushing hard to make the most of its IT infrastructure, allowing businesses to adopt cutting-edge technologies. However, reasons such as the growing mobile workforce, rising company complexity and the unregulated nature of the internet are projected to encourage SMEs to employ various cybersecurity solutions that enhance their performance.

Market Competitive Landscape

Major global network forensics market companies include IBM Corporation, FireEye, Inc., Microsoft Corporation, Symantec Corporation, Cisco System, Inc., LogRhythm Inc., NIKSUN Incorporated, F-Secure, Savvius, Inc. and RSA Security.

COVID-19 Impact Analysis

Due to the COVID-19 pandemic, internet users for business, education and enjoyment increased substantially. Other crucial areas, such as banking, finance, insurance, retail and government, have seen large increases in user traffic on their online portals and websites.

As a result of the expansion, bandwidth consumption has increased significantly, as has the number of cyberattacks like Distributed Denial of Service (DDoS), ransomware and other threats. Every packet and log are required to examine network traffic from its origin to its endpoint. Network forensics tools and techniques play a critical role in supporting security teams in conducting a more thorough cyber incident investigation.

Russia-Ukraine War Impact

The ongoing conflict between Russia and Ukraine has had a substantial impact on the Network Forensics Market, namely in Europe and nearby areas. Escalated cybersecurity apprehensions resulting from the conflict have prompted governments and organizations to allocate greater resources towards sophisticated network forensics solutions to safeguard against cyber threats, data breaches and state-sponsored attacks. The rise in demand has expedited market expansion, leading to higher expenditures on instruments capable of monitoring, analyzing and addressing hostile actions throughout networks.

Furthermore, the war has prompted a heightened emphasis on developing cybersecurity infrastructure at a regional level, resulting in a move away from dependence on foreign technologies. The phenomenon has facilitated the growth of indigenous network forensics enterprises and the reinforcement of cybersecurity regulations throughout Europe. Nevertheless, the instability in global politics has caused interruptions in supply chains, resulting in the scarcity and increased prices of network forensics tools and services. The situation has presented both advantages and difficulties for those involved in the industry.

By Component

• Software
• Services

By Deployment Mode

• On-premises
• Cloud

By Organization Size

• Small & Medium Enterprises
• Large Enterprises

By End-User

• BFSI
• Healthcare
• Retail & E-Commerce
• Education
• IT & IT Services
• Government
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Recent Developments

• In February 2023, IBM and Palo Alto Networks formed a partnership with the intention of enhancing their skills to respond to incidents. Through this agreement, Palo Alto Networks' Cortex solutions are utilized to improve the security of IBM's X-Force. This provides customers with a comprehensive view of cyber threats, reduces the amount of time it takes to respond and strengthens the resilience of cybersecurity.
• In February 2019, IBM launched a fresh collection of Internet of Things (IoT) solutions that combine artificial intelligence (AI) and advanced analytics to help asset-intensive businesses, such as the Metropolitan Atlanta Rapid Transit Authority (MARTA), enhance their maintenance strategy.

Why Purchase the Report?

• Visualize the composition of the network forensics market segmentation by component, deployment mode, organization size, end-user and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the network forensics market by analyzing trends and co-development deals.
• Excel data sheet with thousands of network forensics market-level 4/5 segmentation points.
• Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global network forensics market report would provide access to an approx. 69 market data tables, 63 figures and 213 pages.

Target Audience 2024

• Network Forensics Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Network Forensics Manufacturers