Lawful Interception Market Size to Hit US$ 10.2 Billion, Globally, by 2028 at 17.5% CAGR

IMARC Group, a leading market research company, has released a report titled "Lawful Interception Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The global lawful interception market size reached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 17.5% during 2023-2028

Lawful interception is a crucial process employed by law enforcement agencies and government authorities to legally monitor and collect data from communication networks, such as telephone conversations, emails, or text messages, for the purpose of criminal investigations and national security. This procedure is carried out in compliance with established laws and regulations, ensuring that privacy rights are upheld while addressing security concerns. To execute lawful interception, a court order or warrant is typically required, ensuring that the monitoring activities are conducted within the bounds of the law and with a clear purpose. Telecommunication service providers play a pivotal role in facilitating lawful interception by allowing authorized entities access to the targeted communications data.

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Lawful Interception Market Trends and Drivers:

The proliferation of cyber threats and cybercrimes has necessitated enhanced surveillance capabilities. Lawful interception is a vital tool in monitoring and preventing cyberattacks. Additionally, the need to combat terrorism and protect national security has prompted governments to expand their lawful interception capabilities. This includes monitoring communication channels used by potential threats. Other than this, as data privacy concerns grow, there is a push for more transparent and controlled lawful interception processes. Striking a balance between security and privacy remains a challenge. Besides this, criminal activities have become increasingly globalized. Law enforcement agencies need robust interception tools to investigate and combat cross-border crimes. In line with this, businesses are using lawful interception to protect their intellectual property and sensitive information from corporate espionage. Moreover, rapid advancements in communication technologies, such as 5G and VoIP, present new challenges for interception. Solutions need to evolve to intercept these modern communication methods. Furthermore, governments worldwide are enacting stringent regulations mandating communication service providers to assist in lawful interception activities. Compliance with these regulations is crucial for businesses and service providers.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup 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)
Others

Breakup by Device:

Mediation Devices
Routers
Intercept Access Point (IAP)
Gateways
Switches
Management Servers
Others

Breakup by Communication Content:

Voice Communication
Video
Text Messaging
Facsimile
Digital Pictures
File Transfer
Others

Breakup by Service:

Professional Services
Managed Services
System Integrators

Breakup by End User:

Government & Public Affairs
Law Enforcement Agencies
Small & Medium Enterprises

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

AQSACOM, Inc.
Cisco Systems, Inc.
Incognito Software Systems Inc.
Net Optics (Ixia)
NetScout Systems, Inc.
Siemens Aktiengesellschaft
SS8 Networks, Inc.
Utimaco GmbH
Verint Systems Inc.
ZTE Corporation

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This release was published on openPR.