Network Forensics Market to Witness Steady Growth on Account of Rising Adoption in BFSI, Finds a New Study

A new research study, titled “Network Forensics Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been added to the vast repository of Market Research Reports Search Engine (MRRSE). According to the study, the global network forensics market is likely to reach a valuation of over 4 Bn by 2025-end.

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The business intelligence study offers in-depth analysis and insights on the network forensics market. According to the research study, demand for network forensics is likely to witness an increase on account of growing proliferation of connected devices. Organizations around the world are focusing on boosting their cyber security apparatus, which is likely to provide an impetus to growth. According to the research study, growing security concerns, combined with investment in boosting cyber infrastructure will continue to provide an impetus to demand during the assessment period.

The research report analyzes the market in detail on the basis of deployment type. According to the report, adoption of cloud based services is growing at a brisk pace, on account of low cost and higher degree of awareness among small and medium scale businesses. The report forecasts cloud segment to increase at an impressive CAGR during the assessment period.

By end use, BFSI is likely to remain one of the leading segments for network forensics vendors. The BFSI industry remains vulnerable to cyber-attacks, and investment in upgrading the security is likely to create significant growth opportunities for market players.

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The research study also analyses the market on the basis of key regions. According to the research study, North America is one of the leading markets for network forensics, with the US accounting for the bulk of revenues. North America is likely to account for nearly 35% revenue share of the market. In addition to North America, Asia Pacific is likely to present lucrative growth opportunities for manufacturers. Many cities in Asia Pacific are emerging as lucrative hubs for finance and business. Investment in the region is creating opportunities for network forensic vendors, and it is highly likely that the market in Asia Pacific will grow at the highest CAGR during the assessment period.

The business intelligence study also offers analysis and insights on the prevailing competitive landscape in the market. According to the report, some of the leading players in the market include Symantec Corporation, RSA Security, FireEye, Inc., NIKSUN Incorporated, NETSCOUT Systems Inc., LogRhythm, Inc., IBM Corporation, VIAVI Solutions Inc., Savvius, Inc. and Cisco Systems, Inc.

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This release was published on openPR.