Market Trends of Network Forensics Industry
This section covers the major market trends shaping the Network Forensics Market according to our research experts:
IT and Telecom Sector to Account for a Significant Share
- IT and telecom companies form a major segment in the critical infrastructure of any country, and multiple industries depend on their network for being operational. Therefore, the impact of a network attack can be vast and far-reaching, if it impacts the IT and telecom industry. Even a minor attack, or claims of an attack, can lead a company to shut down the critical services that the consumers and businesses rely upon.
- The sector is also booming with opportunities for network operators to transform their revenue models, through the development of advanced and innovative digital services, related to IoT, 5G, e-commerce, OTT communications, and mobile payments or managed services.
- At the same time, offering an enhanced network experience and implementing innovative and customized services are essential to driving up revenue.
- These factors are also motivating the studied market vendors to innovate their product offering, targeting these customers.
- Leading organizations have been attacked by phishers. Therefore, proper cyber security skills are especially important when it comes to security analytics and operations, according to the vendors in the market.
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North America to Dominate the Market
- North America, among the lead innovators and pioneers, in terms of adoption of network forensics solutions, is one of the largest markets. Moreover, the region has a strong foothold of vendors in the market.
- The increasing use of the internet and digital communications systems, especially in the shape of the Internet of things (IoT), leads to the increasing demand for competence in network forensics
- The growing popularity of IoT and BYOD trends has also resulted in the growth of cyber-crimes, forcing organizations to use network security solutions. The rise in connected devices in the region has made enterprise networks more complex. The evolving network landscape has generated the need among enterprises to reassess their network security infrastructure and adopt robust network solutions.
- The US Department of Defense has invested a massive amount in modernizing their infrastructure in the past. In April 2018, the Defense Systems Information Agency (DISA) of DoD announced their plan to upgrade the Defense Information Systems Network (DISN) with 10 gigabits per second (Gbps) transport speeds to a 100 Gbps packet-optical transport system.
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