Network Forensics Market is Expected to Grow to US$ 8.9 Billion by 2032 | Future Market Insights, Inc.

The global network forensics market is estimated to increase at a CAGR of 12.5%?during the forecast period, from US$ 2.7 Billion?in 2022 to US$ 8.9 Billion?by 2032.

Increasing data thefts and cyber-attacks across companies, increased network traffic, and increased demand for cloud-based network forensics solutions are some of the reasons driving the growth of the network forensics market.
Some of the constraints that are predicted to stymie network forensics market expansion include a shortage of qualified knowledge and a lack of infrastructure to store all of the data packets.

Due to technological improvements, network traffic is likely to rise even more in the next years. Heavy data flow and complicated systems make the examination process time-consuming when attempting to gain a better understanding of the systems.

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In the future years, the network forensics market is projected to be driven by the rising requirement to defend networks against sophisticated assaults and reduce network-based crimes. Network forensics assists businesses in capturing, recording, and analysing network data for the purposes of investigation and incident response.

It also aids in the detection of insider theft and the misuse of networking resources, as well as the evaluation of network performance. Organizations all over the globe have begun to use network forensics solutions in order to identify network activity and its impact on sensitive data.

In order to address significant vulnerabilities with quicker threat detection, mitigation, and response capabilities, network forensics investigators are adding AI, ML, and analytics principles into their network forensics solutions.

Advances in technology, such as AI and machine learning, are shifting the tide against vulnerabilities. AI and machine learning-based network security technologies assist enterprises in providing complete security features to their network infrastructure.

For its applications in learning and reasoning, AI technologies are exceptionally capable of learning and solving complicated computational problems. AI systems have achieved great advances in tackling more complicated computational problems using ML as the basic technology, and network forensics investigators can advance ANN in pattern recognition.

Key Takeaways

• The market size?for?network forensics?in the?United States?is expected to reach US$ 2 Billion by 2032, growing at a CAGR of 10.2% during the projected period.
• United Kingdom?is expected to reach a market size?of US$ 613 Million in?network forensics?by 2032, with a CAGR of 12.2% during the projected period.
• China’s network forensics market?is expected to be worth US$ 884.5 Million by 2032, with a CAGR of 16.3% over the forecast period.
• Japan?is expected to have a?market size?for?network forensics?of US$ 258.8 Million by 2032, with a CAGR of 10.5% during the research period.
• By 2032,?India?is expected to reach a?market size?of US$ 727.3 Million in?network forensics, with a CAGR of 16.3% during the research period.
• In the deployment sector, on-premise from the network forensics market is anticipated to flourish at the quickest CAGR of 9.2% through 2032.
• With a CAGR of 12.3%, software is predicted to grow significantly in the specify component sector of the network forensics market.

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Competitive Landscape:

Major vendors offering network forensics solutions are Fireeye ([now Trellix], US), Cisco Systems (US), IBM Corporation (US), Broadcom Inc. (US), NETSCOUT Systems, Inc. (US), RSA Security, LLC (US), VIAVI Solutions (US), Novetta Solutions, LLC (US), SolarWinds Corporation (US), Palo Alto  Networks, Inc.(US), SonicWall (US), OpenText Corporation (Canada), ManageEngine (US), LogRhythm, Inc. (US), NIKSUN (US), Corelight, Inc. (US), Securonix (US), Vehere, Inc. (US), Cysight.ai ([IdeaData], Israel), CorCystems (US), Endace Ltd. (New Zealand), and VectraAI, Inc. (US). Some emerging startups, such as LiveAction (US), GrayLog, Inc. (US), DiFose (Ankara, Turkey), Gurucul (US), and BluVector (US) are also included in the research study.

Recent Development:

• NETSCOUT Systems joined forces with AWS in November 2021 to give Amazon Web Services clients with more visibility and security. The combination of NETSCOUT Systems Omnis Cyber Intelligence (OCI) and Amazon Web Security Services improves the security environment of enterprises by broadening the extent of visibility to analyse and identify cyber threats.
• Accenture Federal Services (AFS) bought Novetta Solutions in August 2021 to deliver highly specialised mission solutions. AFS gains a new National Security portfolio with the purchase, which will be overseen by Novetta President and CEO Tiffanny Gates. This portfolio will provide clients with highly specialised mission solutions in the merging disciplines of analytics, intelligence expertise, cloud engineering, and cyber.
• Viavi Solutions announced the XDR solution to cloud- and identity-based threats in August 2021, providing enterprises with the complete analytics required to guard against more complex assaults. The powerful forensic investigation tool is provided by the Cortex XDR Forensics module.

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Key segments

By Component:

• Hardware
• Software
• Service

By Deployment Type:

• On-Cloud
• Premises

End Use Industry:

• BFSI,
• Telecom and IT
• Government
• Education
• Healthcare
• Retail
• Others

By Region:

• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa