Network Forensics Market: Overview

The global network forensics market was worth US$ 1,324.8 Mn in 2016 and is expected to reach US$ 4,232.0 Mn by 2025, expanding at a CAGR of 14.1% from 2017 to 2025. North America was holding the largest market share for network forensics in 2016. Network forensics solution involves collection, storage and analysis of network traffic. It is an important component of a successful security operations program within an organization. As enterprise are doing more with network and it tends to become more and more complex, the visibility into network traffic has decreased. Also, IT engineers are finding it difficult to troubleshoot network outages leading to loss of company’s productivity and revenue. So, organizations are using network forensics solution for monitoring and troubleshooting networks.

Growing security concerns and lack of security infrastructure among enterprises is one of the key factors driving the market. According to Cost Of Cyber Crime Study 2017 by Accenture, successful breaches per company every year has risen more than 27% from average 102 attacks to 130. Also, IT organizations lack necessary tools to adequately investigate and stop data breaches. Hence, enterprises are looking for network forensics solutions to solve network security breaches as well as improve network and application performance. Also, organization focus on network troubleshooting to prevent revenue losses is also playing an important role in the growth of this market. However lack of highly skilled labor is affecting the growth of network forensics market globally. Advancement in wireless technologies, deeper internet penetration, and rise in the number of connected devices leding to the growth of the Internet of Things is creating new opportunities for network forensics solution vendors, helping in the growth of network forensics market globally.

network-forensics-market.jpg

Network forensics market is divided into four segments, namely deployment type, component, end use industry and geographical regions. On the basis of the deployment type, the network forensics market has been further segmented into on premise and cloud based. The on premise segment is holding the largest market share in 2016. However, with the growth in mobile devices, and IoT various organizations are looking for cloud based solutions especially in small and medium enterprises. Also, shift of enterprise application buyers from traditional systems towards the cloud first mentality is further going to boost the growth of network forensics market. Less maintenance and low costs associated with the cloud based network forensics solutions is helping in the growth of this segment globally.

On the basis of the component segment the network forensics market has been divided into hardware, software and services. The software segment is expected to have the highest market revenue share by 2025. The services segment is expected to grow at the highest CAGR during the forecast period. The growth of software solutions is due to its increasing deployments for network security and network troubleshooting to reduce downtime and increase productivity. On the basis of the end use industry segment the network forensics market has been divided into hardware, software and services.

On the basis of geographies, the network forensics market has been divided into North America, South America, Europe, Asia Pacific and Middle East and Africa. North America is expected to hold the highest market share of more than 30% in 2025, followed by Asia Pacific regions. The growth of network forensics in North America region is owing to increasing cyber security threats especially among government and banking sectors. Furthermore, Asia Pacific is expected to have the highest CAGR value of more than 15% for the forecast period, followed by South America. The growth of cloud based network forensics solutions is mainly due to increase in demand of network forensic solution within small and medium businesses. India, China and Japan are among the major countries in the network forensics market for Asia Pacific region. Also, growing digitization and growth of connected devices has significant effect on the network forensics market in Brazil. Moreover, as a part of the strategy, many companies are focusing on mergers and acquisitions for an increased geographical reach in the global network forensics market.

Some of the major players in the global network forensics market Symantec Corporation, RSA Security, FireEye, Inc., NIKSUN Incorporated, NETSCOUT Systems Inc., LogRhythm, Inc., IBM Corporation, VIAVI Solutions Inc., Savvius, Inc. and Cisco Systems, Inc.

Global Network Forensics Market: Overview

This report on the global network forensics market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included to provide historical information. The study provides a comprehensive analysis of the market growth throughout the above forecast period in terms of revenue estimates (in US$ Mn), across different geographies. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the global network forensics market growth during the said period. Technologies that are playing a major role in driving the global network forensics market have also been considered in the study.

The report also includes network forensics functional model, Porter Five Force analysis which identifies bargaining power of supplier, bargaining power of buyer, threat from new entrant, threat from substitute and threat from competition in network forensics market is also included in the report. Ecosystem analysis which identifies key stake holders in the network forensics market is also covered in the report.

Global Network Forensics Market: Scope of the report

The network forensics market has been segmented on the basis of deployment type, component, end use industry and region. Based on deployment type, the market has been further classified into on premise and cloud. Based on component, the market has been further classified into hardware, software and services. By end use industry, the Network Forensics market is classified into on BFSI, Telecom & IT, Government, Education, Healthcare, Retail, and Others. Geographically, the report classifies the global Network Forensics market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region wise prominent countries covered in the report include the following - U.S, Canada, U.K., Germany, France, Japan, China, India, GCC countries, South Africa and Brazil.

Segment trends and regional trends have also been added in network forensics study. Additionally, the report also covers segment wise comparison matrix, market attractiveness analysis and market positioning of key players for all regions covered in the scope of study.

Comparison matrix includes segment growth matrix, 2017 - 2025(%), segment revenue contribution, 2017 - 2025 (%), and segment compounded growth matrix (CAGR %). Market attractiveness identifies and compares segments market attractiveness on the basis of CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.

Global Network Forensics Market: Research Methodology

Secondary research sources that are typically include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, vendors whitepapers, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market.

Global Network Forensics Market: Competitive Dynamics

Furthermore, the report includes competition landscape which comprises of competition matrix, market positioning of major players in the network forensics market based on their 2016 revenues, and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. Factors including top line growth, market share, segment growth, infrastructure facilities and future outlook are attributed to company’s potential to grow. This section also identifies and includes various recent developments carried out by the leading players of network forensics market.

Company profiling includes company overview, major business strategies adopted, SWOT analysis, and market revenues for year 2014 to 2017. The global players profiled in the global Network Forensics market include Symantec Corporation, RSA Security, FireEye, Inc., NIKSUN Incorporated, NETSCOUT Systems Inc., LogRhythm, Inc., IBM Corporation, VIAVI Solutions Inc., Savvius, Inc. and Cisco Systems, Inc. have also been added in the report.

Market Segmentation:

Network Forensics Market Analysis, by Deployment Type

  • On premise
  • Cloud based

Network Forensics Market Analysis, by Component

  • Hardware
  • Software
  • Services

Network Forensics Market Analysis, by End-Use Industry

  • BFSI
  • Telecom and IT
  • Government
  • Education
  • Healthcare
  • Retail
  • Others

In addition, the report provides cross-sectional analysis of the Network Forensics market with respect to the following geographical segments:

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Brazil
    • Rest of South America