Overview:

The global network forensics market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Network forensics or network forensics analysis (NFA) is a sub category of digital forensics. Network forensics is used to data collection, recording, monitoring, and analysis of computer network traffic to find the source of attack and network security issues.

The network forensics is also used to collect legal evidences, user activities, system performance, and business related transactions whenever required.

Market Dynamics:

Rising incidences of cyberattacks and cyberthreats among medium and large size enterprises across the globe is a key factor driving growth of the global network forensics market. Rising digitalization, penetration of advanced IoT devices and connected devices, and dependence on cloud technology among across industries is a major factor resulting in high level threat of cyberattacks.

In addition, growing preference of bring your own device (BYOD) policies among companies is another major factor expected to drive growth of the target market to a significant extent during the forecast period.

However, lack of skilled professionals is a leading factor hampering growth of the global network forensics market to a certain extent. Nevertheless, rising demand for cloud-based solutions for network forensics is a key factor expected to create lucrative opportunities for key players in the global market over the next ten years.

Key Trends:

Preference for merger and acquisition among major players is rising in order to enhance their market presence and product portfolio, which is a key trend observed in the global market. For instance, in November, 2019, Broadcom Inc. has completed the acquisition of enterprise security business of Symantec Corporation. The acquisition will aid in the growth of Broadcom Inc. over the forecast period.

Regional Analysis:

For detailed understanding of market dynamics, the global network forensics market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America is accounted for highest share in terms of revenue in 2019 and is expected to maintain its dominance in the global network forensics market over the forecast period. This is attributed to early adoption of network forensics and increased focus on data center security owing to increased deployment of data centers in the region.

However, Asia Pacific region is expected to witness lucrative growth in the target market over the forecast period, owing to increasing incidences of cyberattacks in countries in the region.

Scope of the Report:

Detailed Segmentation:

Global Network Forensics Market, By Component:

• Solutions
• Services

Global Network Forensics Market, By Application Area:

• Data Center Security
• Endpoint Security
• Network Security
• Application Security
• Other Applications

Global Network Forensics Market, By Vertical:

• Banking, Financial Services, and Insurance (BFSI)
• Government
• Healthcare
• Energy and Utilities
• Telecom and IT
• Manufacturing
• Retail
• Other Verticals

Key Players Covered:

Key players operating in the global network forensics market includes IBM Corporation, Broadcom Inc., Cisco Systems, Inc., Fireeye, Inc., EMC RSA, Viavi Solutions Inc., Netscout Systems, Inc., Logrhythm, Inc., NIKSUN Inc., and Savvius, Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Network Forensics Market by component, application area, vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global network forensics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.