Network Forensics Market Size, Share, Analysis, Growth, Trends, Industry Report 2024-2033 | Cisco Systems Inc., FireEye Inc., International Business Machines Corporation, LogRhythm Inc., NIKSUN Incorporated

Overview and Scope
Network forensics refer to digital forensics that essentially deals with the examination of the network and the traffic going across a network that is suspected to be involved in malicious activities. The network forensics are used in data privacy or intrusion prevention.

Sizing and Forecast
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.

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The network forensics market covered in this report is segmented –

1) By Component: Solutions, Professional Services
2) By Deployment Mode: Cloud, On-premises
3) By Organization size: Small And Medium Enterprises (SMEs), Large Enterprises
4) By Application: Endpoint Security, Datacenter security
5) 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

Asia-Pacific was the largest region in the network forensics market in 2023. North America was the second largest region of the network forensics market. The regions covered in the network forensics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

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.

Key Industry Players

Major companies operating in the network forensics market report are Cisco Systems Inc., FireEye Inc., International Business Machines Corporation, LogRhythm Inc., NIKSUN Incorporated, RSA Security LLC, NetScout Systems Inc., Broadcom Inc., Blue Coat Systems, McAfee LLC, Viavi Solutions Inc., SolarWinds Inc., Gigamon Inc., Fidelis Cybersecurity Solutions LLC, Darktrace Limited, ExtraHop Networks Inc., Vectra AI Inc., Riverbed Technology Inc., Plixer International Inc., Cynet Ltd., Awake Security Inc., PacketSled Inc., Corelight Inc., Lastline Inc., Endace Limited, Xena Networks ApS, Garland Technology LLC, Greycortex s. r. o., Flowmon Networks a. s.

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

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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