Network Forensic Market Research Report - Global Forecast till 2030

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 ‚ÄĒ Forecast till 2030

ID: MRFR/ICT/5379-HCR | 100 Pages | Author: Aarti Dhapte | June 2023         

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Network Forensic Market

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

Segmentation
By Deployment On-cloud On-premise
By Organization Size Large enterprises Small and Medium Enterprises (SMEs)
By Solution Threat intelligence Intrusion Detection system Firewall management Packet capture analysis Security information & event management (SIEM) Log management
By Service Professional service Managed service
By Application Email security Cloud security End-point security Application security Datacenter security Network security
Key Players
Companies Profiled   IBM Corporation (US)    FireEye Inc. (US)    Packet Forensics LLC (US)    Dell Technologies (RSA Security LLC)    Cisco System Inc. (US)    Viavi Solutions (US)    Trustwave Holdings Inc. (US)    LogRhythm (US)    Symantec Corporation (US)    AT & T (Alien Vault Inc.)    Corero Network Security (US)
Drivers
Market Driving Forces   APTs    DDoS    and ransomware    increased demand for regulatory compliances    government guidelines for network operation
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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.


Opportunities: 
 

Many regions such as the US and Canada have invested a lot in the research and development of Network Forensic solutions. Moreover, the rising amount of various advanced cyber-attacks and threats are responsible for the growth of the market. Many institutions are looking for effective and sophisticated solutions to monitor and protect their networks. Restraints:Some factors inhibit the growth of the global Network Forensics market. The lack of talented network forensics researchers prevents the market from growing bigger. Moreover, there is a huge demand for connected and highly advanced network forensic solutions. This expectation is hard to fulfill due to the lack of researchers and developers in the industry. 

Additionally, digital devices are growing more advanced by the day with a lot of innovations. The advancements are visible in mobile phones, learning machines, the IoT industry, and digital applications. 


Challenges: 

 

There are some challenges that the forensic solution provider faces in catering to the consumer’s needs. Network Forensic solutions often find it difficult to gather information and store large amounts of data to investigate the threats in a network.Cumulative Growth Analysis:
The Network Forensic market analysis shows that its market value is anticipated to reach about USD 3.83 billion by the end of the forecast period, with a CAGR of 17.4%. The recorded market value was around USD 1.92 billion in 2018, with a CAGR of 16.6% since 2016. Due to the growing demand for Network Forensic solutions to protect and monitor private networks, the market is expected to grow at a fast rate in the coming years. Since the Covid-19 impact and work-from-home situations, the market has seen a boom.

Technological Analysis:


In the current business network scenario, the advancement in technology and devices has made it harder to identify, track and resolve cyber-attacks and threats. Moreover, gathering digital evidence and storing also becomes a problem. Employing traditional forensic solutions does not help overcome advanced attacks in the network.
Hence, there is a need for advanced network forensic technologies such as firewall, SIEM, packet capture analysis, IDS, etc. These solutions help elude networks threats and attacks and also collect solid evidence of traffic in the network. Digital evidence can be gathered, stored, and transmitted across devices, networks, or even nations.

Network Forensic Market Segment Overview:


The Network Forensic market is classified into various segments such as by deployment, organization size, solution, service, application, and vertical. Listed below are the chief Network Forensic market segments:
By Deployment:

  • On-cloud

  • On-premise


By Organization Size:

  • Large enterprises

  • Small and Medium Enterprises (SMEs)


By Solution:

By Service:

  • Professional service

  • Managed service


By Application:

By Vertical:

  • Education

  • Government

  • Hospitality

  • Industrial

  • Manufacturing

  • Banking & Finance

  • Energy & Utilities

  • Retail

  • Automotive 

  • Healthcare


Network Forensic Market Regional Analysis:


The regional analysis of the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American region is anticipated to dominate the market during the Network Forensic market forecast. This is because most of the key companies of the market are prevalent in this region.

Moreover, the US and Canada have invested a lot into the research and development of the market. So, North America is most likely to have the largest Network Forensic market size in the coming years. Most companies have introduced advanced and innovative Network Forensic market trends. 


Likewise, the Asia Pacific region is expected to have the highest CAGR over the forecast period. This is because this region has adopted the most cloud-based systems throughout various business institutions. Moreover, various sectors of the industry have employed cloud services in countries like India and China.

Competitive Landscape:


The key competitive Network Forensic solution providers are undertaking researches to improve the sophistication of the systems towards advanced cyber threats and attacks. The traditional forensic solutions cannot aid in eluding network threats such as botnets, DDoS, and ransomware. Hence, competitive companies need to offer multi-layered forensic solutions that can monitor the network and prevent cyber-attacks.


Network Forensic Market Key Players: 


 

Here are the competitive companies of the Network Forensic industry:

  • IBM Corporation (US)

  • FireEye Inc. (US)

  • Packet Forensics LLC (US)

  • Dell Technologies (RSA Security LLC)

  • Cisco System Inc. (US)

  • Viavi Solutions (US)

  • Trustwave Holdings Inc. (US)

  • LogRhythm (US)

  • Symantec Corporation (US)

  • AT & T (Alien Vault Inc.)

  • Corero Network Security (US)


Recent Developments:


November 2022- Eight International has lately launched international forensics network. A network for forensics and dispute settlement on a global scale has been launched by Eight International. The advisory organization is making the change in order to assist its forensic and conflict resolution professionals in completing challenging cross-border projects.The network, which is focused on providing forensic & dispute resolution services, formalizes the cooperation amongst Eight International members who have been working together recently to complete cross-jurisdictional projects for their international clients. Six consultancies working together for the same values gave birth to Eight International.The network for forensics & dispute resolution offers clients who may be at risk for financial business fraud, misconduct, bribery, or corruption investigations services. Together with compliance and risk advice, dispute services, forensic technology consulting, and support for internal & external legal counsel during all stages of litigation and arbitration are also included.The company has assisted corporate customers, companies, private equity funds, and top investment banks in navigating problems related to transactions, restructuring, transformation, litigation, and dispute since its creation in 2016.

Report Overview:


This report caters all information about the growth of the global Network Forensic market over the forecast period. There are different sections presented that help to get detailed information such as opportunities, challenges, drivers, COVID 19 analysis, regional analysis, competitive landscape, and others. 


Report Detail:

  • Historic Period: 2015-2020

  • Base Year: 2021

  • Forecast Period: 2022-2030


Geographically:

  • North America 

  • Europe 

  • Asia-Pacific

  • Middle East & Africa




Report Scope:

Report Attribute/Metric Details
  Market Size   USD 8.78 Billion
  CAGR   16.25%
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, Deployment
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   IBM Corporation (US),Cisco System Inc (US), FireEye Inc (US), Corero Network Security (US), LogRhythm (US), Dell Technologies (RSA Security LLC), Symantec Corporation (US), Viavi Solutions (US), Trustwave Holdings Inc (US), Packet Forensics LLC (US), and AT & T (Alien Vault Inc.)
  Key Market Opportunities   The factors that are responsible for the market growth is the rising cyber attacks and huge investments in the research and development in the security intelligence segment by the US and Canada.
  Key Market Drivers   Digital transformation in commercial sectors and stringent regulatory policies against the cyberattack threats are some of the factors driving the growth of network forensic market.


Frequently Asked Questions (FAQ) :

The market will be gaining a valuation of USD 8.78 billion by 2030.

The market will be growing at 16.25% CAGR during the forecast period.

IBM Corporation (US),Cisco System Inc (US), FireEye Inc (US) are the ley capitalizers of the market.

The segments such as component, deployment, application, organization size and vertical are included in the study of the market.

North-America is leading the global trade management software in the present.

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.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major players‚Äô financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
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