Lawful Interception Market Will Hit Big Revenues In Destiny | Verint Systems Inc., NICE Systems, Fire Eye, Inc., Cisco

The world lawful interception market is anticipated to generate $3,328.7 million in 2022, registering a CAGR of 23.3 % from 2016 to 2022. Lawful Interception (LI) is a security process in which a service provider or network operator collects and provides intercepted communications of individuals or organizations to law enforcement agencies. LI is used by law enforcement agencies (LEAs), regulatory or administrative agencies, and intelligence services to prevent crime, including fraud and terrorism. Recent developments in data-based communications have unveiled new channels for lawful interception.

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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.

By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.

The expansion in networks and increased telecommunication activities promote lawful interception activities. Moreover, security threats to various nations, cyber-crimes and increasing concerns of terrorism are the key factors leading to the growth of the market. Prominent market players have adopted product launch, acquisition, partnerships and collaborations as their major developmental strategies to help expand their global reach, strengthen product portfolio, and market foothold. For instance, in September 2014 FireEye launched a threat analytics platform for the Amazon Web Service (AWS) customers to secure the information of customers.

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Government in various countries have focused on amendments in the existing laws on lawful interception. The selective focus of Law Enforcement Agencies (LEAs) is expected to lead to an upsurge in lawful interception activities. In addition, emerging markets, such as China, India and some African countries, would foster the growth of lawful interception market, owing to rising volumes of data traffic and security threats in these countries.

The global market is segmented based on solutions, network technologies, components, communication technologies, end users and geography. According to the network technology used for lawful interception, mobile voice telephony is the highest revenue generating technology and is projected to lead the market by 2020. The market is segmented on the basis of regions into North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific region is projected to be the fastest growing market with an impressive CAGR of 26.0% during 2016-2022 owing to the evolving network technologies and growing security concerns in the region.

The prominent strategies adopted by different companies in the LI market are product launch, agreement and partnership. These strategies have facilitated organizations to expand their product offerings and enhance their market reach. Renowned players, such as Verint Systems Inc., NICE Systems, Fire Eye, Inc., Cisco, BAE Systems and others, have been analyzed in this report to study their market growth and expansion strategies.

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KEY BENEFITS

The study provides an in-depth analysis of the global lawful interception market with current and future trends to elucidate the imminent investment pockets in the market
Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market
Quantitative analysis of the current market and forecast from 2016 to 2020 is provided to showcase the financial appetency of the market
Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market
Porter's Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market

LAWFUL INTERCEPTION MARKET KEY SEGMENTS:

The world lawful interception market is segmented on the basis of solutions, component, network technology, communication technology, end users and geography.

By Solution

Devices
Software
Services

By Component

Mediation Devices
Routers
Intercept Access Point (IAP)
Gateways
Switch
Handover Interface
Management Server

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By Network Technology

Voice-Over-Internet Protocol (VoIP)
Long Term Evolution (LTE)
Wireless Local Area Network (WLAN)
Worldwide Interoperability for Microwave Access (WiMAX)
Digital Subscriber Line (DSL)
Public Switched Telephone Network (PSTN)
Integrated Services for Digital Network (ISDN)
Mobile Voice Telephony
Mobile Data Communication

By Communication Technology

Voice Communication
Video
Text Messaging
Facsimile
Digital Pictures
Data downloads
File Transfer

By End User

Government (Government Departments & Statutory Bodies, LEAs)
Enterprises

By Geography

North America
Europe
Asia-Pacific
LAMEA

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