Press Release

Global Network Forensics Market to Grow at a CAGR of 16.50% During 2022-2027, Aided by Deployment in Small and Medium Enterprises

Global Network Forensics Market

According to a new report by EMR titled, ‘Global Network Forensics Market Report and Forecast 2022-2027’, the market attained a value of about USD 2.68 billion in 2021. The market is further expected to grow at a CAGR of 16.50% in the forecast period of 2022-2027 to reach a value of nearly USD 6.71 billion by 2027.

The global market for network forensics is anticipated to be driven by the deployment of advanced network solutions in small and medium enterprises. The growth of small and medium enterprises can be attributed to the emerging small-scale organisations like start-up firms owing to private and public investments in new and promising technologies, along with favourable government policies that support the growth of these organisations. In addition, due to the presence of key market players in the industry, and the healthy competition between them, network forensic solutions like firewall, analytics, threat intelligence, and log management, among others, are becoming easily available in affordable prices, hence encouraging small enterprises to adopt network forensics to ensure security in operations, establish customer confidence, thus augmenting the market growth. Furthermore, the user-friendly services of network forensic aids in optimising costs by eliminating the need for an established IT segment particularly in small enterprises. Thus, these factors positively influence market growth of network forensics in small and medium enterprises.

Illusive Networks, a global leader in the market for network forensics, recently developed new on-demand forensics capabilities to provide streamlined security operations in June 2020. With Illusive’s agentless technology, security management teams can optimise their time by initiating forensics collections on any targeted machine at any given time along with insightful data on how to proceed with suspicious activities. With rich, detailed forensics from any machine, cyber security teams have the flexibility to save time and money by reducing the number of agents needed to investigate attacks. In addition, the Illusive Platform provides a rich timeline of artifacts, reveals misconfigurations and vulnerabilities, detects infiltrations, and discovers real-time connections.  The market is further anticipated to be propelled by the expansion of market players like IBM Corporation (NYSE: IBM), and Cisco Systems (NASDAQ: CSCO), among others.

Market Analysis by Solution, Service, Application Area, Deployment Mode, Organisation Size, Industry Vertical, and Region:

  • Based on solution, the market can be divided into intrusion detection system (IDS)/intrusion prevention system (IPS), security information and event management (SIEM), threat intelligence, packet capture analysis, analytics, log management, and firewall.
  • On the basis of service, the market can be divided into professional services and managed services.
  • The market, on the basis of application area, can be categorised into data centre security, endpoint security, network security, and application security, among others.
  • On the basis of deployment mode, the market can be divided into cloud and on-premises.
  • Based on organisation size, the market is categorised into small and medium enterprises, and large enterprises.
  • Based on industry verticals, the market can broadly be classified into banking, financial services, and insurance, government, healthcare, energy and utilities, education, IT and telecom, manufacturing, and retail, among others.
  • The major regional markets for network forensics are North America, Latin America, Europe, the Asia Pacific, and the Middle East and Africa.

Key Findings of the Report:

  • The market for network forensics is augmented by the rise in digitisation of business operations across industry verticals and the consequent need for network security.
  • Increasing investments in the IT sector in various industries on cybersecurity tools and training, along with government regulations mandating the adoption of network security is propelling the market growth of network forensics.
  • The market growth is driven by deployment of network forensics in the banking sector to detect and prevent cases of cyberattacks in healthcare and retail sector.
  • The industry is being propelled by the emergence of user friendly and affordable network forensic solutions for small and medium enterprises.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for network forensics for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) markets for solutions, services, application areas, deployment mode, organisation size, industry verticals, and regions of network forensics.
  • The report analyses market dynamics, covering the key demand and price indicators in the market along with an assessment of the SWOT and Porter’s Five Forces Model.

The major players in the global network forensics market are IBM Corporation, Cisco Systems, Inc., Fireeye, Inc., Symantec Corporation, and Netscout Systems, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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