The global post COVID–19 network forensics market is estimated to increase at a CAGR of 12.5% during the forecast period, from US$ 2.7 Billion in 2022 to US$ 84.87 Billion by 203227.
Increasing data thefts and cyber-attacks across companies, increased network traffic, and increased demand for cloud-based network forensics solutions are some of the reasons driving the growth of the network forensics market development.
Some of the constraints that are predicted to stymie network forensics market expansion include a shortage of qualified knowledge and a lack of infrastructure to store all of the data packets.
Due to technological improvements, network traffic will is likely to rise even more in the next years. Heavy data flow and complicated systems make the examination process time-consuming when attempting to gain a better understanding of the systems.
In the future years, the network forensics market will is projected to be driven by the rising requirement to defend networks against sophisticated assaults and reduce network-based crimes. Network forensics assists businesses in capturing, recording, and analysing network data for the purposes of investigation and incident response.
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Key Takeaways
- The market size for network forensics in the United States is expected to reach US$ 2 Billion by 2032, growing at a CAGR of 10.2% during the research projected period.
- United Kingdom is expected to reach a market size of US$ 613 Million in network forensics by 2032, with a CAGR of 12.2% during the research projected period.
- China’s network forensics market is expected to be worth US$ 884.5 Million by 2032, with a CAGR of 16.3% over the forecast period.
- Japan is expected to have a market size for network forensics of US$ 258.8 Million by 2032, with a CAGR of 10.5% during the research period.
- By 2032, India is expected to reach a market size of US$ 727.3 Million in network forensics, with a CAGR of 16.3% during the research period.
- In the deployment sector, on-premise from the network forensics market is anticipated to flourish at the quickest CAGR of 9.2% through 2032.
- With a CAGR of 12.3%, software is predicted to grow significantly in the specify component sector of the network forensics market.
Competitive Landscape:
Major vendors offering network forensics solutions are Fireeye ([now Trellix], US), Cisco Systems (US), IBM Corporation (US), Broadcom Inc. (US), NETSCOUT Systems, Inc. (US), RSA Security, LLC (US), VIAVI Solutions (US), Novetta Solutions, LLC (US), SolarWinds Corporation (US), Palo Alto Networks, Inc.(US), SonicWall (US), OpenText Corporation (Canada), ManageEngine (US), LogRhythm, Inc. (US), NIKSUN (US), Corelight, Inc. (US), Securonix (US), Vehere, Inc. (US), Cysight.ai ([IdeaData], Israel), CorCystems (US), Endace Ltd. (New Zealand), and VectraAI, Inc. (US). Some emerging startups, such as LiveAction (US), GrayLog, Inc. (US), DiFose (Ankara, Turkey), Gurucul (US), and BluVector (US) are also included in the research study.
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Recent Development:
- NETSCOUT Systems joined forces with AWS in November 2021 to give Amazon Web Services clients with more visibility and security. The combination of NETSCOUT Systems Omnis Cyber Intelligence (OCI) and Amazon Web Security Services improves the security environment of enterprises by broadening the extent of visibility to analyse and identify cyber threats.
- Accenture Federal Services (AFS) bought Novetta Solutions in August 2021 to deliver highly specialised mission solutions. AFS gains a new National Security portfolio with the purchase, which will be overseen by Novetta President and CEO Tiffanny Gates. This portfolio will provide clients with highly specialised mission solutions in the merging disciplines of analytics, intelligence expertise, cloud engineering, and cyber.
- Viavi Solutions announced the XDR solution to cloud- and identity-based threats in August 2021, providing enterprises with the complete analytics required to guard against more complex assaults. The powerful forensic investigation tool is provided by the Cortex XDR Forensics module.
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