Global Network Forensics Market Report and Forecast 2024-2032

Global Network Forensics Market Outlook

The global network forensics market attained a value of about USD 3.64 billion in 2023. The market is further expected to grow at a CAGR of 16.50% during the forecast period of 2024-2032 to reach nearly USD 14.40 billion by 2032.

Increasing Digitisation of Business Operations to Augment the Market Growth

The global market for network forensics is being driven by the rapid deployment of digital services in various business operations across sectors, including government, healthcare, banking, education, and retail, among others. The increasing use of internet services to manage operations, and store data particularly after the outburst of COVID-19 pandemic  is augmenting the demand for a network to provide security to these internet services.

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In addition, as a result of the rising use of technologies like Internet of Things (IoT), the heightened need to secure networks from advanced cyber attacks, such as ransomware, advanced persistent attacks (APT), and increased sophisticated hacking techniques, are some of the factors significantly contributing to the market growth of network forensics.

Network forensics allow law enforcement and cybercrime investigators to detect suspicious communications and establish secure network. In addition, the 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.

Network Forensics Market Segmentation

Network forensics refers to the investigation and analysis of internet traffic for the detection of cyber-attacks like hacking and malware. Network forensics involves the protection of dynamic and volatile information.

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On the basis of solution, the market can be segmented into:

• Intrusion Detection System (IDS)/Intrusion Prevention System (IPS)
• Security Information and Event Management (SIEM)
• Threat Intelligence
• Packet Capture Analysis
• Analytics
• Log Management
• Firewall

Based on service, the market can be categorised into:

• Professional Service
• Managed Service

The professional service segment can further be divided into consulting, training and education, design and integration, support and maintenance, and incident responsive service.

The market, on the basis of application area, can be divided into:

• Data Centre Security
• Endpoint Security
• Network Security
• Application Security
• Others

On the basis of deployment mode, the market can be divided into:

• Cloud
• On-Premises

Based on organisation size, the market is segmented into:

• Small and Medium Enterprises
• Large Enterprises

The market, on the basis of industry vertical, can be classified into:

• Banking, Financial Services, and Insurance
• Government
• Healthcare
• Energy and Utilities
• Education
• IT and Telecom
• Manufacturing
• Retail
• Others

The EMR report looks into the regional markets of network forensics like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

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Banking, Financial Services, and Insurance to Hold a Significant Share in the Global Market

The global market for network forensics continued to witness robust growth despite the global pandemic due to the digitisation of the banking sector owing to rapid implementation of advanced technologies and penetration of smartphones, thereby propelling the market for an established system to ensure the security of networking. Mobile services like UPI applications, e-wallets are rapidly employing cloud-based services owing to the ability of cloud-based software to analyse a vast number of records without the need for human intervention.

In addition, with the advent of the COVID-19 pandemic, the booming e-commerce industry is augmenting the market for network forensics in order to safeguard the interests of customers in respect to personal information like addresses and provide a secured network for online transactions. Furthermore, the increasing cases of insurance fraud, especially in the healthcare sector, is generating robust market growth for network forensics to detect suspicious and false claims. Hence, the adoption of network forensics in the banking, financial services, and insurance sector for various applications is influencing market growth positively.

Key Industry Players in the Global Network Forensics Market

The report presents a detailed analysis of the following key players in the global network forensics market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

• IBM Corporation
• Cisco Systems, Inc.
• Fireeye, Inc.
• Symantec Corporation
• Netscout Systems, Inc.
• Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

Key Highlights of the Report