Pune, March 28, 2023 (GLOBE NEWSWIRE) -- As per SNS Insider, the Global Network Forensics Market has been growing steadily in recent years, with a market size of USD 2.89 billion in 2022. The report further projects that the market is expected to grow at a CAGR of 15.05% from 2023 to 2030, with an estimated market value of USD 8.87 billion by the end of the forecast period.
Market Overview
Network forensics plays a critical role in helping organizations detect, investigate, and prevent security incidents. By analyzing network traffic and data, investigators can uncover the root cause of security breaches, identify vulnerabilities in network infrastructure, and develop effective strategies for protecting sensitive data and systems from future attacks.
Market Analysis
The growing need for enhanced network security, coupled with the increasing adoption of advanced technologies and regulatory requirements, is driving the growth of the global network forensics market. As cyber threats continue to evolve and become more sophisticated, the demand for network forensics solutions is likely to increase further in the coming years. With the rapid adoption of cloud computing, big data, and the Internet of Things (IoT), there is an increasing need to secure the vast amount of data that is generated and transmitted across networks. This has led to a rise in demand for network forensics solutions that can monitor and analyze network traffic to detect security incidents and provide real-time alerts.
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Key Company Profiles Listed in this Report Are:
- IBM
- FireEye
- RSA Security
- Netscout Systems
- Cisco Systems
- Symantec (Broadcom)
- Viavi Solutions
- LogRhythm
- Niksun
- Fortinet Inc.
- Proofpoint Inc
Impact of Recession on Network Forensics Market Revenue
The impact of a recession on the network forensics market is complex and multifaceted. While reduced demand and increased competition may pose challenges, there are also opportunities for growth and innovation as companies look for cost-effective solutions to their network security needs.
Key Regional Developments
The network forensics market is expected to experience significant growth in the coming years, driven by the increasing need to safeguard critical data from advanced cyber threats. North America and the Asia Pacific are expected to emerge as key markets, with established players and a high prevalence of small and medium-sized enterprises respectively, contributing to their growth. With the rising instances of cyber threats and data breaches, organizations across industries are increasingly adopting network forensics solutions to ensure the security of their critical data and infrastructure.
Network Forensics Market Report Scope:
| Report Attributes | Details |
| Market Size by 2022 | US$ 2.89 Bn |
| Market Size by 2030 | US$ 8.87 Bn |
| CAGR | CAGR of 15.05% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Network Forensics Market: Key Segmentation | • By Type (Cloud Deployment and On-premises Deployment) • By Application (Small and Medium Enterprises (SMEs) and large enterprises) |
| Key Regional Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
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Key Takeaway from Network Forensics Market Study
- The growth of the cloud-based segment in the market can be driven to the increasing adoption of cloud-based IT solutions by organizations looking to secure their confidential data. With the benefits of scalability, cost-effectiveness, and flexibility, cloud-based solutions are likely to continue to see significant growth in the coming years.
- The growing adoption of network forensics by SMEs is expected to drive significant growth in the market over the forecast period. As SMEs continue to prioritize cybersecurity and invest in network forensics, the market is likely to experience sustained growth, creating new opportunities for businesses in this space.
Recent Developments Related to Network Forensics Market
- Trellix, a leading provider of cybersecurity solutions, has recently announced the expansion of its XDR (Extended Detection and Response) platform to revolutionize the world of SecOps. The XDR platform is designed to enhance threat detection and response capabilities, making it easier for security teams to protect their organizations from cyber-attacks.
- A new international network has been launched with the aim of improving cross-border forensics. The network, named the Cross-Border Forensics Network (CBFN), is made up of eight countries, and aims to enhance collaboration and information sharing between forensic experts across borders.
Table of Contents – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Network Forensics Market Segmentation, By Type
9. Network Forensics Market, By Application
10. Regional Analysis
11. Company Profiles
12. Competitive Landscape
13. Conclusion
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