Lawful Interception Market is estimated to grow at 21.5% CAGR during 2022-2029, reaching USD 15.2 billion | Size, Share, Trends & Forecast

Lawful Interception Market was valued at USD 3.2 billion in 2021 and is estimated to grow at a CAGR of 21.5% over the period 2021-2028 reaching USD 15.2 billion in 2029

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The factors driving the growth of Lawful Interception Market includes rise concerns related to cybercrimes, drug trafficking, and terrorism related activities around the world, growing demand for chatbots and virtual assistants, increasing penetration of smartphones and tablets and improvements in the living standards. According to the report published by Statista, the revenue generated by the Global Chatbot Market was calculated around USD 40.9 million in 2018, this figure is expected to reach USD 454.8 million by the end of 2027, which will accelerate the Lawful Interception Market size in the approaching years. Moreover, Government initiatives promoting digitalization, rise in the number of data centers across the globe, commercialization of 5G technology, technological innovations in the lawful interception systems, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by leading players on research and development, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Lawful Interception Market is hindered due to rising concerns over protection and secrecy of intercepted data.

The prominent players operating in the market are Atos SE, Accuris Networks Inc, Signalogic Inc, Ericsson Inc, Vocal Technologies Ltd, BAE Systems Inc, Tracespan Communications, Cisco Systems Inc, Utimaco GmbH, and Verint System Inc., among others.

Based on Component, the Solution segment is predicted to grow at significant CAGR during the forecast period

Lawful interception solutions help telecom operators and ISPs to intercept calls and data while maintaining highest data protection, is the major factor propelling growth of the segment.

Based on Network, the Mobile Network segment is projected to expand at a robust CAGR over the forecast period

Increasing penetration of smartphones and tablets across the globe and rise in the number of 5G trials worldwide, are pushing growth of the segment.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

Presence of the leading players such as Verint System Inc., Cisco Systems Inc and Signalogic Inc, increasing concerns related to cybercrimes and drug trafficking, rising number of data centers, growing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region. 

Market Segmentation

Segmentation by Component

Solution
Services

Segmentation by Network

Fixed network
Mobile Network

Segmentation by Mediation Devices

Routers
Switches
Gateway
Handover Interface (HI)
Intercept Access Point (IAP)
Management Server

Segmentation by Type

Active
Passive
Hybrid

Segmentation by End User

Government
Law Enforcement Agency (LEAs)

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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This release was published on openPR.