Network Forensics Market 2024 | Size, Top Trends, Growth, Share, Key Drivers | Cisco Systems Inc., FireEye Inc., International Business Machines Corporation, LogRhythm Inc., NIKSUN Incorporated

The Network Forensics by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Network Forensics , The network forensics market size has grown rapidly in recent years. It will grow from $3.05 billion in 2023 to $3.44 billion in 2024 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to increased sophistication of cyber attacks, need for incident investigation and response, compliance and regulatory requirements, proliferation of network security threats, growth in digital data traffic.

The network forensics market size is expected to see rapid growth in the next few years. It will grow to $5.96 billion in 2028 at a compound annual growth rate (CAGR) of 14.8%. The growth in the forecast period can be attributed to expansion of 5g networks, integration of artificial intelligence in network forensics, rise of iot and connected device threats, emphasis on threat hunting and proactive defense, increased focus on insider threat detection. Major trends in the forecast period include encrypted traffic analysis, cloud-based network forensics solutions, automation and orchestration in forensic investigations, integration with endpoint detection and response (edr), real-time network forensics for rapid response.

The increasing incidence of cyberattacks and advanced threats is expected to propel the growth of the network forensics market going forward. Cyber-attacks refer to attempts to gain unauthorized access to a computer or a system, whereas an advanced persistent threat (APT) refers to a prolonged and targeted cyberattack in which an intruder gains access to a network and remains undetected for an ample period. Network forensics prevents cyber-attacks by capturing, recording, and analyzing network traffic and audit files. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, the cybercrime reports received in 2022 were 76,000, up from 13% from the previous year. Also, according to ESET Threat Report T2 2021, researchers found a 7.3% increase in email-based attacks between May and August 2021, the majority of which were part of phishing campaigns, a scam created by cybercriminals to steal financial resources. Therefore, the increasing incidence of cyberattacks and advanced threats is driving the network forensics market growth.

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The network forensics market covered in this report is segmented –
1) Network Forensics Market By Component: Solutions, Professional Services
2) Network Forensics Market By Deployment Mode: Cloud, On-premises
3) Network Forensics Market By Organization size: Small And Medium Enterprises (SMEs), Large Enterprises
4) Network Forensics Market By Application: Endpoint Security, Datacenter security
5) Network Forensics Market By Vertical: Banking, Financial Services And Insurance (BFSI), Government And Defense, Healthcare, Information Technology (IT) And Information Technology Enabled Services (ITeS), Manufacturing, Retail, Telecommunications, Transportation, Other Verticals

Top Major Players

Cisco Systems Inc.

FireEye Inc.

International Business Machines Corporation

LogRhythm Inc.

NIKSUN Incorporated

The adoption of the internet of things (IoT) in the forensics industry is a key trend in the scientific network forensics market. Major companies operating in the network forensics market are adopting the internet of things (IoT) in the forensics industry to strengthen their position in the network forensics market. IoT network forensics is the practice of analyzing IoT devices to investigate crimes. For instance, in June 2022, NetWitness, a US-based network security monitoring software provider, launched NetWitness XDR, which delivers a robust set of capabilities helping customers stay ahead of the most sophisticated cyber threats and enabling extended detection and response (XDR). The updated platform offers full visibility into all key data planes across an organization, including network, logs, full Security Orchestration, Automation, and Response (SOAR), endpoint, and Internet of Things (IoT), User and Entity Behavior Analytics (UEBA), a complete Threat Intelligence Platform (TIP), and new asset analytics and prioritization, all easily viewed in a single interface and a unified data model.

The network forensics market report table of contents includes:

1. Executive Summary

2. Network Forensics Market Characteristics

3. Network Forensics Market Trends And Strategies

4. Network Forensics Market – Macro Economic Scenario

5. Global Network Forensics Market Size and Growth

……..

31. Global Network Forensics Market Competitive Benchmarking

32. Global Network Forensics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Network Forensics Market

34. Network Forensics Market Future Outlook and Potential Analysis

35. Appendix

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