Network Forensics Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMICT5303 | Last Updated On: Jun 23 2022 | Available Formats

> Global Network Forensics Market Expected to reach a CAGR By 2029: DataM Intelligence

Global Network Forensics Market is Segmented By Component(Software, Services), By Deployment Mode(On-Premise, Cloud), By End-User(BFSI, Healthcare, Retail & E-Commerce, Education, IT & IT Services, Government, Others), By Organization Size(Small & Medium Enterprises, Large Enterprises), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market Overview

The global network forensics market size is growing at a hgih CAGR during the forecast period (2022-2029).

Network forensics is described as gathering and analyzing data about a network or its events. To conduct network forensics, the examinations manage a system of odd traffic and underlying interventions. There are various benefits to network forensics, including increased network system provisioning, network forensics to determine the security breaches and the ability to warn the system administrator in real-time. Because of the growing use of the internet in homes, computers have shifted to a network-centric model and data is increasingly accessible outside of disk-based digital proof.

Network forensics can be used as a stand-alone inquiry or in conjunction with a computer forensics investigation. Hacking, fraud, insurance companies, data theft, defamation, narcotics trafficking, credit card cloning and other fields could benefit from network forensics. Network forensics can also evaluate network and IT infrastructure problems in advance, offering IT administrators and data security officers the ability to strengthen their defenses against future cyber attacks.

Market Dynamics

Data thefts and cyberattacks are on the rise, as is network traffic and demand for cloud-based network forensics solutions. However, a shortage of qualified personnel and infrastructure to store all data packets is projected to hamper market expansion.

The growing network traffic and complexities

In 2021, the global internet population will have risen to 4.9 billion people, with Asia having the highest percentage of internet users by continent/region, accounting for 51.8 percent of all users. Because of technological improvements, network traffic is expected to increase even more in the next years. The research process is tedious for analyzing to gain deeper visibility into the systems due to heavy data traffic and complicated systems.

In the future years, the network forensics industry will be driven by the rising requirement to protect networks from advanced assaults and reduce network crimes. Network forensics aids businesses in capturing, recording and analyzing network data to conduct investigations and respond to incidents. It also aids in detecting insider theft and misuse of networking resources and assessing network performance. Network forensics technologies have been deployed by organizations global to detect network activity and its impact on sensitive data.

The increasing use of AI and analytics in IT infrastructure     

To address significant vulnerabilities with faster threat detection, mitigation and response capabilities, network forensics investigators are adding AI, machine learning and analytics principles into their solutions. Advances in technology like AI and machine learning are helping to turn the tide against vulnerabilities. Network security systems based on AI and machine learning assist enterprises in providing complete security features to their network infrastructure.

Because AI approaches are used for learning and reasoning, they are exceptionally capable of learning and solving complicated computational problems. AI systems have advanced in performing increasingly complicated computational tasks, using ML as the basic technology and network forensics investigators can advance ANN in pattern recognition.

Lack of skilled network forensics investigators

According to the foremost forensic training institute, the International Institute of Forensics and Security Studies, investigators view gaps in standards, equipment and training as a key impediment when investigating crimes involving networks across cloud, mobile devices and PCs. As per the (NASSCOM) National Association of Software and Service Companies, one million cybersecurity specialists will be required by 2020.

When it comes to network forensics investigations, investigators must have the necessary technical skills and understanding to capture, process, store and analyze evidence. There is a demand for educated network forensics professionals for this meaningful examination of digital evidence, which is currently behind in the market and is projected to be the primary factor limiting the market growth.

COVID-19 Impact Analysis

Due to the COVID-19 pandemic, internet users for business, education and enjoyment increased substantially. Other crucial areas, such as banking, finance, insurance, retail and government, have seen large increases in user traffic on their online portals and websites.

As a result of the expansion, bandwidth consumption has increased significantly, as has the number of cyberattacks like Distributed Denial of Service (DDoS), ransomware and other threats. Every packet and log is required to examine network traffic from its origin to its endpoint. Network forensics tools and techniques play a critical role in supporting security teams in conducting a more thorough cyber incident investigation.

Segment Analysis

By end-user, the network forensics market is segmented into BFSI, healthcare, retail & e-commerce, education, IT & IT services, government and others.

The rising implementation of IoT infrastructure

Information Technology (IT) and IT services deal with the production, processing, preservation and protection of numerous types of electronic data using computers and networking devices. The use of web and mobile-based applications via endpoint devices such as desktops, laptops, mobile phones, tablets, virtual machines and other embedded endpoint devices is common in this end-user. As a result, cybercriminals routinely target the networks of these industries.

The rise in network assaults and network crimes is due to the increased adoption of the BYOD trend, the implementation of IoT infrastructure and the widespread adoption of personal devices among firms in this sector. IT service providers are now adopting network forensics solutions for investigations to maintain the safety of network infrastructure and technological innovation.

Geographical Analysis

The growing network complexities and security threats in Asia-Pacific

With the rise in network complexities, the threat landscape in Asia-Pacific is changing at an alarming rate, compelling enterprises to employ network forensics solutions. Many SMEs exist in the region, providing significant employment prospects. Asia-Pacific has seen rapid and advanced adoption of new technologies and it is predicted to evolve faster during the forecast period.

The region is pushing hard to make the most of its IT infrastructure, allowing businesses to adopt cutting-edge technologies. However, reasons such as the growing mobile workforce, rising company complexity and the unregulated nature of the internet are projected to encourage SMEs to employ various cybersecurity solutions that enhance their performance.

Competitive Landscape

Companies that provide network forensics solutions focus on product innovation and strategic collaborations and acquisitions with other manufacturers to increase production capacity and meet the demands of a growing customer base. NETSCOUT Systems, Inc. will release cybersecurity forensics for AWS cloud workloads in December 2020. As businesses transfer applications to the cloud, it helps them achieve better efficiencies and lower costs by minimizing new security concerns.

Symantec Corporation established cooperation with Fortinet in December 2018. Customers will benefit from the most complete and powerful security solutions available due to our relationship. It aids in implementing crucial security rules across network, endpoint and cloud contexts, which are critical to the Zero Trust security framework's enforcement.

Major global network forensics market companies include IBM Corporation, FireEye, Inc., Microsoft Corporation, Symantec Corporation, Cisco System, Inc., LogRhythm Inc., NIKSUN Incorporated, F-Secure, Savvius, Inc. and RSA Security.

IBM Corporation

Overview: IBM, or International Business Machines Corporation, is a major American computer manufacturer with a sizable local and international market share. The headquarters of the corporation are in Armonk, New York. In 1911, the Computing-Tabulating-Recording Company merged three smaller businesses that made punch-card tabulators and other office equipment. The company now has over 40,000 active patents, which generate significant revenue.

IT and telecom, healthcare & life sciences, government, automobile, FMCG, chemicals & petroleum, electronics, energy & power, media & entertainment, mining, retail, BFSI, travel & transportation and education are industries that IBM serves. The corporation operates in over 175 countries across North America, Europe, Asia-Pacific, Middle East & Africa and Latin America.

Product Portfolio: The Cloud & Cognitive Software Software category offers clients integrated & secure cloud, data and artificial intelligence (AI) Software. It encompasses three business areas: cognitive apps, cloud & data platforms and transaction processing platforms. IBM QRadar Incident Forensics provides insight and clarity into security incident-related network activities for enterprise IT security teams.

Key Development: IBM unveiled a new portfolio of Internet of Things (IoT) solutions in February 2019 that combines artificial intelligence (AI) and advanced analytics to help asset-intensive enterprises, such as the Metropolitan Atlanta Rapid Transit Authority (MARTA), enhance maintenance methods.

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