Network forensic market is anticipated to grow at a CAGR of 11.2% during the forecast period. Network forensic refers to a digital forensic solution mainly used for the retrieval and inspection of information regarding network traffic and events to prevent cyberattacks. One of the prominent factors that drive the market demand is the increasing incidence of advanced threats such as ransomware, distributed denial of service (DDOS) attacks, and rising cases of cyberattacks.
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Organizations are widely installing network forensic solutions to recognize and prevent unauthorized access and determine the source of security threats, and for securing mobile and web applications. In addition, various technological advancements, such as the development of the cloud-based forensic solution, are also favoring the growth of the market. For instance, in July 2022, Oxygen Forensics released the latest version of the all-in-one digital forensic solution, Oxygen Forensic Detective v.14.6. This version adds support for multiple new backups, continues to improve the iOS Agent extractor, and introduces a new analytic feature. With this release, investigators will have access to the latest iOS versions via an updated iOS Agent and will now have the ability to extract data from Apple devices running iOS versions 15.0 – 15.1.1.
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However, a lack of skilled and qualified investigators in the investigation field may hamper the market growth. The National Association of Software and Service Companies (NASSCOM) stated that there was a need for one million cybersecurity professionals by 2020.
by Component (Solution, and Services)
by Organization Size (Small-Medium Enterprises (SMEs) and Large Enterprises),
by Deployment Mode (Cloud-Based and On-Premises), and
by End-Users (Government, BFSI, Healthcare, and Manufacturing)
Market Players Outlook
The major companies serving the global network forensic market include Broadcom, Cisco Inc., IBM Corp., NetScout Systems, Inc., Viavi Solutions Inc., Musarubra US LLC, Niksun Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2021, Detego strategically partnered with MSAB. Through this partnership, the company aims to enable MSAB to offer its customers an end-to-end solution for both computer and mobile forensics. The mission of the company is to provide cutting-edge technologies to solve a myriad of crimes, by leveraging MSAB’s innovative frontline digital forensic solution.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global network forensic market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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