Network Forensic Market Insights 2021, By Size, Share, Key Regions, Growth Potentials, Opportunities Analysis, New Product Launches, and Revenue Expectation

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New York, United States, Fri, 08 Jan 2021 06:31:04 / Comserve Inc. / -- The network forensic prevents the attackers from accessibility and gaining control of the machines and protects the private network By implementing intrusion detection system and firewall technology.

Market Synopsis

The Network Forensic Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe's organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Market Scenario

The network forensic is a branch of digital forensics that analyze volatile and dynamic information captured on active networks from intrusion detection system that perform auditing and monitoring activities to protect the data network. The network forensic prevents the attackers from accessibility and gaining control of the machines and protects the private network By implementing intrusion detection system and firewall technology.

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In recent years, the enterprise network is becoming more complex due to the growing congestion of network traffic associated with the adoption of BYOD and connected devices that led to vulnerability of cyberattacks such as malware, ransomware, and distributed denial of Service (DDoS). These cyberattacks affect the business drastically by breaching confidential data that turn out as financial loss to the organizations. For instance, in October 2017, Deloitte, one of the providers of cyber security consulting services got influenced by cyberattack leading to the breach of company as well as client credentials that include usernames, passwords, personal details, and others. In this regard, the organization requires proactive solution that recognize threats and investigate cyberattacks to determine its scope and impact to re-secure the network. The adoption of network forensic by organization helps to monitor the network traffic with the use of real-time forensic tools and protect the network from the cyberattacks.

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. On the other hand, lack of awareness and skilled network forensic investigators are some of the limiting factors that hinder the growth of the network forensic market during the forecast period.

On July 2018 Tech Mahindra partnered with LIFARS, a cybersecurity digital forensics and incident response firm, to provide advanced managed threat detection and response services for combating the increasing number of cyber threats with the innovation and creation of new services in the areas of threat detection, mitigation, incident management and integrated cyber resilience.The global network forensic market is expected to reach approximately USD 3.12 billion by 2023 growing at 17.4% CAGR over the forecast period 2018—2023.

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Network Forensic Market Research Report – Global Forecast till 2023 -Report image 00

Key Players

Some of the key players of global network forensic market includes 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.) among others.

Segmentation

The global network forensic market is segmented into component, deployment, application, organization size and vertical.

By component the market is segmented into solution and service. The solution is further sub-segmented into intrusion detection system, security information and event management (SIEM), threat intelligence, packet capture analysis, log management, and firewall management. The service is further sub-segmented into professional services and managed services.

Based on deployment the market is segmented into cloud and on-premise.

By application, the market is segmented into data center security, endpoint security, network security, application security, email security, and cloud security.

Depending on the organization size, the market is segmented into large enterprise and small and medium enterprise.

Based on vertical, the market is segmented into automotive, banking and finance, education, energy & utilities, government, healthcare, retail, hospitality, manufacturing, and industrial.

Regional Analysis

The geographical analysis of the global network forensic market is studied for North America, Europe, Asia-Pacific, and the rest of the world.North-America is dominating the global trade management software market during the forecast period. The market growth is due to the presence of major key players of this market such as IBM Corporation, Cisco System Inc, among others in this region. The other 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.

Asia-Pacific is expecting to reach highest CAGR during the forecast period due to the extensive implementation of cloud-based technologies across various verticals and increased adoption of digital technologies in countries such as China and India.

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Target Audience

Network solution providers

Independent software vendors

Consulting firms

System integrators

Value-added resellers

Managed Security Service Providers (MSSPs)

Government agencies

Network forensics vendors

In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries.

For more information, please contact:

David

Kenneth Research
Email: sales@kennethresearch.com
Tel: +1-(347)-627-0064

The post Network Forensic Market Insights 2021, By Size, Share, Key Regions, Growth Potentials, Opportunities Analysis, New Product Launches, and Revenue Expectation appeared first on Comserveonline.

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