Global Network Forensic Market Research Report Information By Component (Solutions, Services), Deployment (Cloud, On-Premise), Application( Data Center Security, Endpoint Security, Network Security, Application Security, ) and by Vertical — Forecast till 2030

Network Forensic Market Overview:

The Network Forensic market is estimated USD 8.78 billion by 2030 growing at 16.25% CAGR over the forecast period 2022-2030.

The increasing frequency of cyberattacks and sophisticated threats, such as ransomware, DDOS attacks, and advanced persistent threats (APT), is one of the main factors driving the market's rise. Additionally, the market is expanding as a result of the expanding BYOD trend and the widespread use of Internet of Things-enabled technology. Additionally, there is a greater need for government regulations and rules for network functioning. Additionally, there is a big need for cloud-based network forensic solutions among people. Consequently, each of these aspects helps the network forensic market grow over the review period.

Network Forensics refers to the process of investigating and scrutinizing the traffic in a network that is suspected of playing a role in cyber-crimes, spreading of sensitive data, or malware. This is done to monitor the activities on a network and prevent them from intrusion and misuse. Network forensic solutions prevent cyber-attackers and hackers from obtaining access and exploiting the devices on the network. These solutions employ security features such as firewall and intrusion detection technologies. 

Business enterprise networks are growing complex by the day, because of the increasing cyber threats such as ransomware, DDoS, botnets, and malware. Due to these issues, institutional networks require security systems that can identify and track cyber threats and prevent their vulnerability to cyber risks. Hence, the adoption of network forensic solutions aid in monitoring traffic and safeguarding the network.

Network forensics is a term for a digital forensic tool that is used to retrieve and examine data about network activity and events in order to stop cyberattacks. It is made up of a software program that keeps track of and detects massive amounts of data while preventing illegal access to computer network. In order to maintain a secure organizational platform, it is also used to track user activity, organizational transactions, system performance, & the identification and eradication of zero-day threats. Intrusion detection systems (IDS), security information & event management, threat intelligence, firewalls, packet capture analysis, and log management are just a few of the solutions offered by network forensics. Several industries, including BFSI, healthcare, education, telecommunications, energy, and information technology, use it extensively. It can be deployed in the cloud or on-premises.

One of the key drivers fuelling the market's expansion is the rising frequency of cyberattacks & advanced threats including ransomware, DDOS assaults, and advanced persistent threats (APT). Also, the market is growing as a result of the burgeoning bring-your-own-devices (BYOD) trend and the extensive use of Internet of Things enabled technology. 

Latest Industry News of Network Forensic Market:

April 2023:

The Ballistic Identification Network of Dubai Police and the Interpol database have been successfully merged by the General Department of Forensic Science and Criminology. The Dubai Police can now compare more than 1,800,000 ballistic fingerprints from around the world in under an hour thanks to this amazing scientific advancement in the field of forensic sciences. This substantial action will also aid in achieving the strategic goal of "Safe City" for Dubai Police. Users of the system are not permitted to browse other databases; instead, it only displays results that match the institutions' reference numbers that provided the data so that police agencies can communicate and work together to follow up on their investigative procedures in accordance with these internationally recognized policies and regulations.

January 2023:

VIPRE Security Group, an internationally recognized leader in cybersecurity, privacy, data protection, and user protection, announced the release of its newest cybersecurity product, VIPRE Endpoint Detection & Response (EDR), in January 2023. With the help of a single, straightforward console, VIPRE EDR is designed to help small and medium-sized organizations and their IT partners through the complexities of EDR administration. The company added that VIPRE EDR is based on the principles of threat detection, investigation, containment, and remediation. It enables SMEs to produce threat intelligence and get advice on how to deal with risks.

Covid-19 Analysis:

Due to the impact of Covid-19, many large-scale businesses and industries have suffered, except healthcare and life support products. The lockdown and physical distancing protocol affected thousands of small and big business organizations alike. However, to ensure the safety of their employees, many institutions have switched to work-from-home routines.

This has led to the need for companies to function and cooperate through digital platforms and cloud services. Hence, institutions require forensic solutions to monitor employee conduct and protect their cloud devices from malware. The Covid-19 impact has not much affected the Network Forensic market. More so, has only fueled its growth in the years to come.

Market Dynamics:

Drivers:

There are numerous driving factors for the growth of the Network Forensic industry. Private networks require protection from advanced cyber threats such as APTs, DDoS, and ransomware. The network security systems need to be more sophisticated in tacking advanced hacking techniques and cyber-attacks.

Also, there is increased demand for regulatory compliances and government guidelines for network operation. Moreover, there is a high demand among people for cloud-based network forensic systems. Hence, all these factors contribute to the network forensic market growth.

Technological Analysis:

Network Forensic Market Segment Overview:

• On-cloud


• On-premise

• Large enterprises


• Small and Medium Enterprises (SMEs)

• Threat intelligence


• Intrusion Detection system


• Firewall management


• Packet capture analysis


• Security information & event management (SIEM)


• Log management

• Professional service


• Managed service

• Email security


• Cloud security


• End-point security


• Application security


• Datacenter security


• Network security

• Education


• Government


• Hospitality


• Industrial


• Manufacturing


• Banking & Finance


• Energy & Utilities


• Retail


• Automotive 


• Healthcare

Network Forensic Market Regional Analysis:

Network Forensic Market Key Players: