Network Forensics Market size was valued at USD 2.7 billion in 2020 and it is expected to reach USD 12.1 billion by 2030 with the CAGR of 16% during 2020-2030. Network forensics is monitoring and analysis of computer networks traffic for the purposes of information gathering and intrusion detection. Using network forensics, organization can investigate and stop data breaches that can harm the security of an organizations. Traditionally, computer forensics has focused on file recovery and file system analysis performed against system internals but with network forensics, the entire contents of e-mails, web surfing activities, and file transfers can be recovered and reconstructed to reveal the original transaction. Due to the adoption of big data analytics and Machine Learning (ML) techniques to monitor data traffic the network forensics market is expected to witness healthy growth in the near future.

Market Segmentation:

On the basis of solution, the global network forensics market is segmented into IDS/IPS, SIEM, threat intelligence, packet capture analysis, analytics, log management and
firewall. Based on service, the market is divided into professional and managed. According to application area, the market is segmented into data center security, endpoint security, network security, web security, and others. On the basis of deployment mode, the market is bifurcated into cloud and on-premise. With respect to organization size, market is classified into large enterprises and small & medium enterprises (SMEs). By vertical, market is divided into BFSI, healthcare, education, manufacturing, government, energy & utilities telecom & IT, retail and others.  Geographic breakdown includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

Growth in the global network forensics market is mainly driven by growing use of the internet and digital communications systems and increased intricacy in attacking or hacking techniques. For instance, The WannaCry Ransomware Attack which was happened in May 2017 infected around 230,000 computers in 150 countries with an estimated loss of USD 4 billion across the globe. Moreover, according to the Internet Crime Complaint Centre (IC3) annual report released in April 2019, financial losses due to cybercrimes reached USD 2.7 billion in 2018. Furthermore, the global outbreak of COVID-19 pandemic has affected international relations and caused diplomatic stress among the nations. This has resulted into the sudden rise in cyber-attacks. Ever since, the global pandemic has started, reports of phishing emails sent in the name of World Health Organization (WHO), Centres for Disease Control (CDC) and other government agencies offering information, symptoms checks, free PPEs and seeking donations have multiplied in a large scale. However, lack of skilled network forensics investigators is expected to hamper the growth of the network forensics market. In addition, issues regarding to the huge data collection and investigation has become a challenge for the market.

Geographic Analysis:

North America is leading the global network forensics market in terms of revenue. The increasing use of the internet and digital communications systems and growth of cyber-crimes in the region leads to the increasing demand for network forensics. Presence of a large number of leading network forensics market players like Viavi Solutions, Symantec Corporation and IBM Corporation is expected to continue its dominance over the coming years. Moreover, rising diplomatic tensions among the countries due to COVID-19 pandemic has resulted in the drastic rise in cyber-attacks. Since COVID-19, the US FBI reported a 300% increase in reported cybercrimes. Asia-Pacific is projected to be the fastest growing network forensics market during the forecast period, owing to the expanding IT infrastructure of organizations across various industries and small- and medium-sized enterprises entering the network forensics market.

Competitive Scenario:

Some of the major players of global network forensics market are Symantec Corporation, RSA Security LLC., Cisco Systems, IBM Corporation, McAfee, LLC, FireEye, Netscout Systems Inc., Valvi Solutions Inc. and Digital Defense, Inc.

Network Forensics Market Report Scope