Network Forensics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Network Forensics Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2020 | Technology & Media | PPT format

Report Digest


Global Network Forensics Market: Overview 

Network forensics refers to the capturing, recording, and analysis of network events with a view to discovering the origin of security attacks and other related issues. In other words, network forensics is the specific network analysis that is conducted after security attacks and similar cybercrimes. Numerous methods are used in network forensics. Some kinds of network forensics are similar to law enforcement vehicle checkpoints, wherein network forensics investigators can analyze all the traffic entering a certain point of network. The two broad methodologies of network forensics are stop-look-listen and catch-it-as-you-can. 

According to a recent survey conducted by Ponemon Institute, almost 70% of the sampled organizations were losing significant amounts of confidential information or experiencing operational disruption in their operational technology (OT) environments since the last twelve months. 

Global Network Forensics Market: Key Trends 

Owing to the greater vulnerability to numerous cyber-adversaries such as cybercriminals, hackers, malicious insiders and nation-states, there has been a greater acknowledgement of the need for network forensics. These entities pose financial, regulatory, and reputational risks to industries worldwide. The banking, financial services, and insurance (BFSI) sector might exhibit greatest demand over the forecast period, emerging as the leading end user. The energy and utilities sector is also expected to contribute a handsome amount of revenue to the overall market. As a result, the demand for network forensics is likely to escalate to a substantial extent, fuelling the market. 

On the other hand, privacy laws and other kinds of legal restrictions applying to network forensic investigations might impede the growth of the market. However, fresh opportunities might emerge from the widespread adoption of big data and Industrial Internet of Things (IIoT). 

Global Network Forensics Market: Market Potential 

Advanced products are being introduced by several firms. For instance, in March 2017, CSPi Inc., a company providing IT technological security services and managed security, announced the launch of its new solution framework to protect data from cyber-attack. The new Advanced Forensic Framework is powered by the recently introduced Myricom nVoy Series, which can be incorporated into any existing security infrastructure. It features a whole new approach to verifying and detecting threats. 

Another key trend in the competitive landscape is the espousal of strategic partnerships and collaborations. For example, a leading industrial cyber security company offering cyber solutions to OT infrastructures, CyberX, announced its partnership with T-Systems and Deutsche Telekom in April 2017. The common objective of these companies is to ensure that critical industrial infrastructures are unaffected by advanced cyber-attacks. T-Systems, a major subsidiary of Deutsche Telecom, caters to prominent IT service providers such as Royal Dutch Shell, Daimler, BP, and Volkswagen. 

Global Network Forensics Market: Regional Outlook 

Based on geography, North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe can be the key segments of the global market for network forensics. North America might emerge as the largest market in terms of revenue over the forecast period. The existence of a large number of market players in this region will assist growth. The presence of innumerable small and medium-sized enterprises in Asia Pacific is likely to catalyze growth in the region. The need to protect critical data from advanced persistent threats (ATPs) in highly industrialized nations such as the U.S., Germany, Russia, China, India, Singapore, Australia, France, Italy, and Spain can spawn the growth of the market. 

Global Network Forensics Market: Competitive Analysis 

Some of the prominent players operating in the global market for network forensics are Symantec Corporation, NIKSUN, IBM Corporation, EMC RSA, NETSCOUT Systems, Viavi Solutions, FireEye, LogRhythm, Savvius, and Cisco Systems. 

Strategic alliances, partnerships, mergers, and acquisitions have been adopted by several market players in order to cater to the needs of a larger clientele. For instance, Demisto, Inc., a company innovating security operations technology and ProtectWise TM, a firm that offers unlimited forensic exploration, pervasive visibility, and automated threat detection, entered a strategic partnership in March 2017.   

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?