ID: MRFR/ICT/8118-HCR | February 2021 | Region: Global | 100 pages
Global Lawful Interception Market was valued at USD 2.26 Billion in 2018 and is expected to register a CAGR of 19.1% during the forecast period.
Lawful interception solutions are analytic tools that are used to determine the strength and direction of relationships between objects in a graph. Lawful interception is a type of network analysis and is increasingly being adopted for analytics workloads and social network influencer analysis. Marketing managers are using this software to identify their potential targets for marketing campaigns by trying to trigger chain reactions among social network communities to buy products and services. It is also used for detecting financial crimes such as money laundering. It is also used for detecting instances of fraud such as fraudulent transactions and types of Interceptions in banking, benefits fraud in government, types of Interceptions and claims fraud in insurance, and other fraudulent activities in telecommunications. These tools are used to prevent crime and for performing counterterrorism.
The large number of mobile devices along with growing digitalization has given rise to advanced cyberattacks. This in one major driving factor for the growth of the lawful interception market across the world. Along with this, the growing number of subversive activities and terrorism are responsible for boosting the need for lawful interception solutions. The growing deployment of 5G networks in all developed and developing ecomonies is an opportunity for the vendors in the market. The cross frontier regulatory frameworks, as well as the intercepted data security concerns, are the hindrances that hamper the growth of the market.
The Global Lawful Interception Market has been segmented based on Component, Network, Mediation Device, Type of Interception, End User, and Region/Country.
By component, the global lawful interception market has been segmented into solution and service. The service segment has further been divided into consulting, system integration, and support and maintenance.
By network, the global lawful interception market has been segmented into fixed network and mobile network.
Based on mediation device, the global lawful interception market has been segmented into routers, switches, gateways, handover interfaces, intercept access points, and management servers.
Based on type of interception, the global lawful interception market has been divided into active, passive, and hybrid interception.
Based on end user, the global lawful interception market has been divided into law enforcement agencies and government.
The global lawful interception market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The global lawful interception market is estimated to register a CAGR of 31.6% over the forecast period. The geographic analysis of the global lawful interception market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America has the largest market share as the companies in this region have been leading in the advancement of technologies globally. The US leads the market in North America due to the high adoption of digital transformation, the use of advanced technologies, 5G adoption, the large number of mobile devices, and the growing needs from the law enforcement agencies and the government of the country.
Europe is expected to be the second-largest market during the review period due to the high rise in the number of cybercrimes and criminal offenses. Asia-Pacific is anticipated to be the fastest-growing market in the global lawful interception market during the forecast period. The growing domestic terrorist networks and cyber attacks, advancements in mobile networks and the high number of mobile device connections are the key drivers for the growth of the market in Asia-Pacific.
The global lawful interception market is witnessing high growth due to the rise in demand from law enforcement agencies as well as from the governments of the respective countries. Major players have opted for partnerships and product enhancements as their key organic growth strategies to strengthen their positions in the market and cater to the demands of end users. For instance, in August 2019, BAE Systems added cloud-based, 5G-ready lawful interception capabilities to its DataBridge 6 platform to support the deployment of next-generation mobile and fixed line networks.
The key players in the global lawful interception market are identified based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. These include Cisco Systems Inc. (US), Ericsson (Sweden), ATOS (France), Verint (US), SS8 Networks Inc. (US), Utimaco GmbH (Germany), BAE Systems (UK), IPS S.P.A (Italy), Tracespan Communications (Israel), Accuris Networks (Ireland), EVE Compliancy Solutions (Netherlands), Squire Technologies (Netherlands), Elbit Systems (Israel), Signalogic (US), and Comint (India). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.
The other players in the global lawful interception market include Aqsacom (France), Trovicor Networks (UAE), Matison (Croatia), Shoghi Communications (India), and Vocal Technologies (US).
Frequently Asked Questions (FAQ) :
The rise in instances of money laundering is estimated to favour market expansion in the upcoming period.
A stable and rising income level is foreseen to be seen in the market through the forecast period.
A CAGR of 19.1% is predicted to be observed in the global market.
The contenders contributing to the market are BAE Systems (U.K.), IPS S.P.A (Italy), Tracespan Communications (Israel), Utimaco GmbH (Germany), EVE Compliancy Solutions (Netherlands), Squire Technologies (Netherlands) and Accuris Networks (Ireland) among others.
The North American region is estimated to establish its predominance in the forecast period.