According to the latest report by IMARC Group, titled “Network Forensics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global network forensics market reached a value of US$ 2.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.41 Billion by 2027, exhibiting at a CAGR of 15.4% during 2022-2027.

Network forensics refers to the process of collecting and analyzing raw network data and tracking network traffic. It includes monitoring and analyzing computer network traffic while allowing individuals to gather information, compile evidence, and detect intrusions. Consequently, it finds extensive applications across the banking, financial services, and insurance (BFSI), healthcare, energy, education, telecom and information technology (IT), retail, aerospace, and defense sectors.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The global market is majorly driven by the increasing need to secure networks from cyber and advanced attacks, such as ransomware, distributed denial of service (DDOS) attacks, and advanced persistent threats (APT). Furthermore, a considerable rise in demand for integrated and next-generation cloud-based networks has escalated the demand for network forensic solutions since these security solutions can conveniently adapt themselves to the changing network conditions. In addition to this, the escalating preference for bring-your-own-devices (BYOD) across numerous workspaces and the widespread adoption of the Internet of Things (IoT) have further provided an impetus to market growth.

Breakup by Component:

• Solution
• Services

Breakup by Organization Size:

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Breakup by Deployment Mode:

• Cloud-based
• On-premises

Breakup by Application:

• Data Center Security
• Endpoint Security
• Network Security
• Application Security
• Others

Breakup by End Use Industry:

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

Breakup by Region

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Cisco Systems Inc.
• CrowdStrike Holdings Inc.
• FireEye Inc.
• Fortinet Inc.
• International Business Machines Corporation
• LiveAction Inc.
• LogRhythm Inc.
• McAfee LLC
• NETSCOUT Systems Inc.
• NIKSUN Inc.
• NortonLifeLock Inc.
• Rapid7 Inc.
• RSA Security LLC (Dell Technologies Inc.)
• Trend Micro Incorporated
• VIAVI Solutions Inc.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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