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Network Forensics Market Size (2024 - 2029)

The network forensics market is experiencing significant growth due to the increasing need for enhanced security measures as enterprises face persistent cyber threats. This market expansion is driven by the rising adoption of cloud computing and the growing trends of bring your own device (BYOD) and remote computing, which necessitate scalable and instantly deployable security technologies. Small and medium businesses, in particular, are seeking effective security solutions but often rely on managed services due to budget constraints. The market's trajectory is further supported by the shift towards cloud-based models, offering flexible pricing and demand-based services, which are becoming increasingly popular.

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Market Size of Network Forensics Industry

Network Forensic Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 14.90 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Network Forensic Market Major Players

*Disclaimer: Major Players sorted in no particular order

Network Forensics Market Analysis

The Network Forensics Market was valued at USD 2.13 billion in 2020 and is expected to reach USD 4.84 billion by 2026 and grow at a CAGR of 14.9% over the forecast period (2021-2026).

  • As enterprises are continuously being targeted by hackers, and the malware are circumventing existing security systems and not triggering alarms on traditional security information and event management (SIEM) tools. Network forensics is enabling companies to better protect data and realize vulnerabilities in the system. With the increasing investments in security in the technological landscape, network forensics is emerging as one of the leading solutions in the industry.
  • Increasing trends of BYOD and remote computing are creating a need for technologies that can be deployed instantly and scaled without the need for additional infrastructure. Additionally, with industries shifting most of the computing needs to cloud, the need for security in this application is on a rise. Due to companies offering flexible pricing and demand-based models, cloud-based models are witnessing an accelerated growth in the market, which is anticipated to continue during the forecast period.
  • Small and medium businesses, which are more prone to attacks, find the need to deploy better security systems, however, the affordability comes into play to hire in-house full-time security professional. Therefore, most of the business coming from SMBs is through managed services.

Network Forensics Industry Segmentation

Network security has become one of the most important aspects in the current connected landscape, with the amount of data traffic handled by network infrastructures increasing at an unprecedented rate. Network forensics is enabling companies to better protect data and realize vulnerabilities in the system. With the increasing investments in security in the technological landscape, network forensics is emerging as one of the leading solutions in the industry.

By Component
Solutions
Services
By Size of Enterprise
Small and Medium Enterprises
Large Enterprises
By End-user Industry
IT and Telecom
BFSI
Retail
Government
Healthcare
Manufacturing
Other End-user Industries
Geography
North America
United States
Canada
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
China
India
Australia
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
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Network Forensics Market Size Summary

The network forensics market is experiencing significant growth, driven by the increasing need for advanced security solutions to combat cyber threats. As enterprises face persistent attacks from hackers and sophisticated malware that bypass traditional security measures, network forensics has emerged as a crucial tool for identifying vulnerabilities and protecting sensitive data. The rise of bring-your-own-device (BYOD) policies and remote computing has further amplified the demand for scalable and instant security technologies. Additionally, the shift towards cloud computing has heightened the need for robust security measures, with cloud-based models gaining traction due to flexible pricing and demand-based offerings. Small and medium-sized businesses, often more susceptible to cyber attacks, are increasingly turning to managed services for affordable security solutions.

The IT and telecom sectors, integral to national infrastructure, are particularly vulnerable to network attacks, which can have widespread repercussions. These industries are also exploring new revenue models through innovative digital services related to IoT, 5G, and other emerging technologies. The competitive landscape is marked by high levels of rivalry, with key players like Symantec, Cisco, and IBM leading the charge in product innovation and strategic acquisitions. North America stands out as a major market, driven by the proliferation of IoT devices and the need for enhanced network security. The region's strong vendor presence and significant investments, such as those by the US Department of Defense, underscore the growing importance of network forensics in safeguarding critical infrastructure.

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Network Forensics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Increasing Adoption of Cloud and Network Technologies

      2. 1.3.2 Increasing Cases of Cyberattacks

    4. 1.4 Market Restraints

      1. 1.4.1 Lack of Skilled Professionals

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Component

      1. 2.1.1 Solutions

      2. 2.1.2 Services

    2. 2.2 By Size of Enterprise

      1. 2.2.1 Small and Medium Enterprises

      2. 2.2.2 Large Enterprises

    3. 2.3 By End-user Industry

      1. 2.3.1 IT and Telecom

      2. 2.3.2 BFSI

      3. 2.3.3 Retail

      4. 2.3.4 Government

      5. 2.3.5 Healthcare

      6. 2.3.6 Manufacturing

      7. 2.3.7 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 China

        2. 2.4.3.2 India

        3. 2.4.3.3 Australia

        4. 2.4.3.4 Rest of Asia-Pacific

      4. 2.4.4 Rest of the World

        1. 2.4.4.1 Latin America

        2. 2.4.4.2 Middle-East & Africa

Network Forensics Market Size FAQs

The Network Forensics Market is projected to register a CAGR of 14.90% during the forecast period (2024-2029)

Broadcom Inc. (Symantec Corporation), Cisco Systems Inc., IBM Corporation, Netscout Systems Inc. and Valvi Solutions Inc. are the major companies operating in the Network Forensics Market.

Network Forensics Market Report Snapshots

Network Forensics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)