PUBLISHER: The Business Research Company | PRODUCT CODE: 1392796
PUBLISHER: The Business Research Company | PRODUCT CODE: 1392796
“Network Forensics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on network forensics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for network forensics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The network forensics market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Network forensics pertains to digital forensics that primarily focuses on scrutinizing the network and the traffic traversing it, suspected to be engaged in malicious activities. It is employed in data privacy and intrusion prevention.
The elements of network forensics encompass solutions and professional services. Network forensics solutions involve the monitoring and analysis of computer traffic for legal evidence, intrusion detection, and information gathering. Deployment modes include both cloud and on-premises options. The user base comprises both small and medium enterprises (SMEs) and large enterprises. Applications span endpoint security and data center security. Various sectors served include Banking, Financial Services, and Insurance (BFSI), government and defense, healthcare, IT and ITeS, manufacturing, retail, telecommunications, transportation, and other industries.
The network forensics market research report is one of a series of new reports from The Business Research Company that provides network forensics market statistics, including network forensics industry global market size, regional shares, competitors with a network forensics market share, detailed network forensics market segments, market trends and opportunities, and any further data you may need to thrive in the network forensics industry. This network forensics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The network forensics market size has grown rapidly in recent years. It will grow from $3. 05 billion in 2023 to $3. 44 billion in 2024 at a compound annual growth rate (CAGR) of 12. 7%. The expansion observed in the historical period can be ascribed to factors such as the heightened sophistication of cyber attacks, the imperative for incident investigation and response, compliance and regulatory mandates, the proliferation of network security threats, and the surge in digital data traffic.
The network forensics market size is expected to see rapid growth in the next few years. It will grow to $5. 96 billion in 2028 at a compound annual growth rate (CAGR) of 14. 8%. The anticipated growth in the forecast period can be linked to several factors, including the expansion of 5G networks, the integration of artificial intelligence in network forensics, the proliferation of threats associated with IoT and connected devices, a heightened emphasis on threat hunting and proactive defense measures, and an increased focus on insider threat detection. Key trends in the projected period encompass encrypted traffic analysis, the adoption of cloud-based network forensics solutions, the implementation of automation and orchestration in forensic investigations, integration with Endpoint Detection and Response (EDR), and the use of real-time network forensics for rapid response.
The anticipated increase in cyberattacks and advanced threats is expected to drive the growth of the network forensics market in the future. Cyberattacks involve unauthorized attempts to access a computer or system, while advanced persistent threats (APTs) refer to prolonged and targeted cyberattacks where intruders gain network access and remain undetected for an extended period. Network forensics plays a crucial role in preventing cyberattacks by capturing, recording, and analyzing network traffic and audit files. In February 2023, the Australian Cyber Security Centre reported a 13% increase in cybercrime reports in 2022, totaling 76,000. Additionally, the ESET Threat Report T2 2021 noted a 7. 3% rise in email-based attacks between May and August 2021, mainly attributed to phishing campaigns orchestrated by cybercriminals to steal financial resources. Consequently, the growing incidence of cyberattacks and advanced threats is a key driver of the network forensics market.
The increasing demand for the internet is poised to fuel the growth of the network forensics market. The internet, a vast global network connecting computers and computer networks, facilitates communication and information sharing across devices regardless of their physical location. Network forensics leverages internet usage for capturing and analyzing network traffic to identify suspicious activities, threats, and vulnerabilities through data collection. According to Meltwater in February 2023, internet users in the UK increased by 224 thousand (+0. 3%) between 2022 and 2023, reaching a total of 66. 11 million users. Hence, the rising demand for the internet plays a pivotal role in propelling the growth of the network forensics market.
The adoption of the Internet of Things (IoT) in the forensics industry emerges as a notable trend in the scientific network forensics market. Major companies in the network forensics market are incorporating IoT in the forensics industry to enhance their market position. IoT network forensics involves analyzing IoT devices to investigate crimes. For instance, in June 2022, NetWitness, a US-based network security monitoring software provider, launched NetWitness XDR. This platform offers a comprehensive set of capabilities, providing visibility into key data planes across organizations, including network, logs, Security Orchestration, Automation, and Response (SOAR), endpoint, IoT, User and Entity Behavior Analytics (UEBA), Threat Intelligence Platform (TIP), and new asset analytics and prioritization, all accessible through a unified interface and data model.
Major companies in the network forensics market are driving innovation by introducing new technological products like Digital Forensics Incident Response (DFIR) to enhance profitability. DFIR automates incident response investigations by incorporating nuanced forensic artifacts into threat hunting. For example, in April 2022, Cybereason, a US-based software company, introduced DFIR. This solution is designed to investigate the source of serious security events, track attacker paths for remediation, and identify security gaps for resolution. Used in network security for cyberattacks, DFIR reduces remediation time and empowers analysts to detect and remediate security issues more efficiently, ultimately reducing the meantime to detect and remediate cyber threats.
Major companies operating in the in the network forensics market report are Cisco Systems Inc., FireEye Inc., International Business Machines Corporation, LogRhythm Inc., NIKSUN Incorporated, RSA Security LLC, NetScout Systems Inc., Broadcom Inc., Blue Coat Systems, McAfee LLC, Viavi Solutions Inc., SolarWinds Inc., Gigamon Inc., Fidelis Cybersecurity Solutions LLC, Darktrace Limited, ExtraHop Networks Inc., Vectra AI Inc., Riverbed Technology Inc., Plixer International Inc., Cynet Ltd., Awake Security Inc., PacketSled Inc., Corelight Inc., Lastline Inc., Endace Limited, Xena Networks ApS, Garland Technology LLC, Greycortex s. r. o., Flowmon Networks a. s.
Asia-Pacific was the largest region in the network forensics market in 2023. North America was the second largest region of the network forensics market. The regions covered in the network forensics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the network forensics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The network forensics market consists of revenues earned by entities by providing TCP and ethernet. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.