Network Forensics Market 2021 Technological Developments and Business Scope- Cisco Systems Inc., IBM Corporation, Netscout Systems Inc., Fireye Inc

The Network Forensics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Network Forensics Market was valued at USD 2.01 billion in 2019 and is expected to reach USD 4.62 billion by 2025, at a CAGR of 14.9% over the forecast period 2020 - 2025.

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Competitive Landscape:

Top Companies: Broadcom Inc. (Symantec Corporation), Cisco Systems Inc., IBM Corporation, Netscout Systems Inc., Fireye Inc., EMC RSA, AccessData Group, Logrhythm Inc., LiveAction Inc., Valvi Solutions Inc., Niksun Inc., Cyber Diligence Inc., Netfort (Rapid7 Inc.)

Market Scope:

Network security has become one of the most important aspects in the current connected landscape, with the amount of data traffic handled by network infrastructures increasing at an unprecedented rate. Network forensics is enabling companies to better protect data and realize vulnerabilities in the system. With the increasing investments in security in the technological landscape, network forensics is emerging as one of the leading solutions in the industry.

Industry News and Updates:

- February 2019 - IBM announced a new portfolio of Internet of Things (IoT) solutions, which team artificial intelligence (AI) and advanced analytics designed to help asset intensive organizations, like the Metropolitan Atlanta Rapid Transit Authority (MARTA), to improve maintenance strategies.
- February 2019 - IBM developed a new technology to predict and monitor when and where trees and vegetation threaten the power lines, which may help improve power supply operations and reduce outages.

Key Market Trends:

North American to Dominate the Market
- North America, among the lead innovators and pioneers, in terms of adoption of network forensics solutions, is one of the largest markets. Moreover, the region has a strong foothold of vendors in the market.
- The increasing use of the internet and digital communications systems, especially in the shape of the Internet of things (IoT), leads to the increasing demand for competence in network forensics
- The growing popularity of IoT and BYOD trends has also resulted in the growth of cyber-crimes, forcing organizations to use network security solutions. The rise in connected devices in the region has made enterprise networks more complex. The evolving network landscape has generated the need among enterprises to reassess their network security infrastructure and adopt robust network solutions.
- The US Department of Defense has invested a massive amount in modernizing their infrastructure in the past. In April 2018, the Defense Systems Information Agency (DISA) of DoD announced their plan to upgrade the Defense Information Systems Network (DISN) with 10 gigabits per second (Gbps) transport speeds to a 100 Gbps packet-optical transport system.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Network Forensics Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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