Network Forensics

Network Forensics Market Research Report: Forecast (2023-2028)

By Component (By Solution [Software, Hardware], By Professional Services [Consulting, Training and Education, Design and Integration, Support and Maintenance]), By Deployment Mode (Cloud, On-Premises) Read more

  • ICT & Electronics
  • Jan 2023
  • 189
  • IT55059

Market Definition

The study of communication networks that are recorded, analyzed, and gathered in order to pinpoint the origin of cyber-attacks is known as network forensics. It analyzes and investigates data about a network or network events.

Market Insights

The Global Network Forensics Market is projected to grow at a CAGR of around 13.2% during the forecast period, i.e., 2023-28. Network forensics is increasingly being adopted as one of the top solutions across numerous sectors due to increased investments in security solutions in the expanding technological world. Consequently, the volume of data traffic handled by network infrastructures is growing at an unprecedented rate, making network security solutions indispensable to businesses. Network forensics examines traffic data gathered from various sites and network devices, including firewalls and IDS. Additionally, it keeps an eye on networks to look for assaults and assess the types of attackers and intrusion patterns, thereby pushing its adoption further.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 13.2%
Regions Covered North America: US, Canada, Mexico
Europe: Germany, The UK, France, Russia, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Egypt, Rest of MEA
Key Companies Profiled Cisco, Fireeye Inc., IBM, Manageengine [ZOHO], Netscout Systems, Niksun, Novetta Solutions, Opentext, Palo Alto Neworks, RSA Security, Solarwinds, Sonicwall, Symantec [Broadcom], Vectra AI, Viavi Solutions, Others [Graylog, Difose, etc]
Unit Denominations USD Million/Billion

 

Moreover, the mounting need to secure networks from cyber threats such as ransomware, Denial-of-Service (DDoS), advanced persistent threats, and the rise in sophistication of hacking techniques are other factors driving the industry’s growth. Similarly, swiftly augmenting demand for cloud-based network forensics further accentuates the market. Other than these, rapid evolution in mobile, IoT, and web applications and integrated next-generation network forensics solutions are opportunistic factors for the market, which is further anticipated to generate substantial opportunities for players during the forecast period. On the other hand, lack of skilled network forensics investigators, intrinsic anonymity of the IP, storage & management of vast data generated, address Spoofing, and difficulty in implementation may impede the industry growth in the projected time frame.

Market Dynamics

Key Driver: Complex Network Systems and Intensifying Network Traffic Across Asia-Pacific

With ever-increasing internet penetration and technological improvements across Asia, network traffic will likely intensify in the coming years. As such, investigation processes in order to attain deeper visibility into the systems remained challenging due to high data traffic and complicated systems. Thus, the market for network forensics would witness a push in the upcoming years owing to the incessant need to protect networks from sophisticated assaults and reduce network crimes.

Moreover, organizations can collect, record, and analyze network traffic using network forensics for incident response and investigation. Additionally, it aids in determining insider theft, the misuse of networking resources, and network performance evaluation. In order to identify network traffic and its impact on sensitive data, organizations all over the world have started implementing network forensics solutions, in turn, propelling the industry further.

Possible Restraint: Inadequate number of skilled network forensics experts

The investigators must have the technical expertise and understanding to gather, process, store, and evaluate evidence when conducting network forensics investigations. According to the top forensic training organization, the International Institute of Forensics and Security Studies, investigators view shortcomings in standards, tools, and training as a significant barrier when considering cases involving networks related to cloud, mobile, and computer devices.

In addition, the need for around one million cybersecurity specialists has been projected by the National Association of Software and Service Companies (NASSCOM). Thus, with inadequate skilled network forensics experts, the industry is likely to witness barriers in effectively examining digital evidence.

Growth Opportunity: Augmenting AI/ML and Analytics Usage for Improved Network Visibility into IT Infrastructure

To address significant vulnerabilities with quicker threat detection, mitigation, and response capabilities, network forensics investigators are adding AI, ML, and analytics concepts into their solutions. Technologies like AI and ML advances are shifting the tide against vulnerabilities. Network security technologies powered by AI and ML assist businesses in adding complete security capabilities to their network infrastructure. Due to their applications in learning and reasoning, AI techniques are incredibly capable of understanding and solving complicated computational issues. For example, network forensics investigators can advance ANN in pattern recognition thanks to ML. This basic technology has enabled AI systems to succeed in handling ever-more complicated computational tasks.

Key Trend: Constantly Evolving Hacking Methods Worldwide

Since traditional security solutions are unable to react to evolving cyber-attacks, next-generation security solutions like SIEM, IDS/IPS, packet capture analysis, firewalls, and log management are so in demand. The adoption of new networking technologies may pose compatibility and security risks. As such, businesses have been forced to embrace network forensics due to the expanding cybercrimes through which hackers monitor enterprise networks via multi-layered hacking techniques. Thus, network forensics investigators are required to gather digital evidence to provide better solutions against such cybercrimes. These digital pieces of evidence have been proven reliable and robust, making them acceptable in legal proceedings.

Market Segmentation

Based on End User,

  • Banking, Financial Services and Insurance
  • Retail
  • Government and Defense
  • Healthcare
  • Manufacturing
  • Information Technology & Information Technology-enabled Services (IT and ITES)
  • Telecommunications
  • Transportation
  • Others

Among others, Information Technology (IT) and ITES is usually related to the production, processing, preservation, and protection of numerous types of electronic data using computers and networking hardware. Endpoint devices, including desktops, laptops, mobile phones, tablets, virtual machines, and others, are heavily utilized in this sector. Given this, cybercriminals routinely attack the networks in these sectors. The surge in network assaults and crimes can be attributed to the rising acceptance of the BYOD trend, IoT infrastructure, and the widespread use of personal devices by businesses in this industry. IT service providers are now adopting network forensics solutions for investigations to guarantee network infrastructure security and technical innovation, thereby propelling the industry during 2023-28.

Based on Application,

  • Endpoint Security
  • Data Center Security

Endpoint security is expected to attain a prominent market share in the forecast years. Endpoint security gathers security-related data from endpoints, such as mobile devices, computers, laptops, and point-of-sale (POS) terminals, and analyzes this data to find malicious activity in networks.  Moreover, the IoT and BYOD trends are causing a significant rise in connected devices. Through these interconnected, APT-vulnerable endpoints, the enterprises service their customers. As a result, companies' top priority is to secure these endpoint networks. The forensics solution analyses the behavior of attacks and proactively reduces risk to secure endpoints and the data they contain.

Regional Projection

Geographically, the Global Network Forensics Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Asia Pacific has experienced rapid and advanced adoption of new technologies, and it is predicted that during the projected period, it would experience the greatest CAGR. The region is making bold efforts to take advantage of the IT infrastructure, allowing businesses to adopt cutting-edge technologies. With significant SMEs, the region is emerging as an opportunistic area for market players. The robust network forensics solutions are swiftly slithering into business, citing the alarming rate at which the threat landscape in China, Singapore, India, and the rest of the Asia Pacific is evolving. Moreover, factors including the ongoing expansion of the mobile workforce, growing corporate complexity, and the uncontrolled nature of the internet are now anticipated to push such SMEs to become more competitive.

Recent Developments in the Global Network Forensics Market

  • In November 2022, PAN-OS 11.0 Nova was released by Palo Alto Networks to keep businesses one step ahead of zero-day threats.
  • In August 2021, Accenture Federal Services (AFS) acquired Novetta Solutions in a bid to introduce highly specialized mission solutions. With this portfolio's help, customers can access highly technical mission solutions in data analysis, intelligence expertise, cloud engineering, and cyber.

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Frequently Asked Questions

A. The Network Forensics Market is projected to grow at a CAGR of around 13.2% during 2023-28.

A. Complex network systems and intensifying network traffic across Asia-Pacific is likely to drive the market further during the projected time frame.

A. The prominent players anticipated to stiffen the competition globally are Cisco, Fireeye Inc., IBM, Manageengine (ZOHO), Netscout Systems, Niksun, Novetta Solutions, Opentext, Palo Alto Neworks, RSA Security, Solarwinds, Sonicwall, Symantec (Broadcom), Vectra AI, Viavi Solutions, Others (Graylog, Difose, etc)

A. Information technology & information technology-enabled Services (IT and ITES) is anticipated to emerge as an area of remunerative opportunities for the leading players in the Network Forensics Market during the forecast period.

A. Globally, Asia-Pacific would provide lucrative prospects for the Network Forensics Market in the years ahead.

A. Constantly evolving hacking methods worldwide is the significant trend projected to shape the Network Forensics Market through 2028.

A. Augmenting AI/ML and analytics usage for improved network visibility into IT infrastructure is expected to present remunerative opportunities for the leading players in the Network Forensics Market during the forecast period.

A. Inadequate number of skilled network forensics experts is likely to impede the industry growth during the forecast years.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Network Forensics Market Trends & Insights
  5. Global Network Forensics Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Network Forensics Market Porters Five Forces Analysis
  7. Global Network Forensics Market Regulations & Policies
  8. Global Network Forensics Market Hotspots & Opportunities
  9. Global Network Forensics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
        1. By Solution
          1. Software
          2. Hardware
        2. By Professional Services
          1. Consulting
          2. Training and Education
          3. Design and Integration
          4. Support and Maintenance
      2. By Deployment Mode
        1. Cloud
        2. On-Premises
      3. By Organization Size
        1. Small and Medium Enterprises
        2. Large Enterprises
      4. By Application
        1. Endpoint Security
        2. Data Center Security
      5. By End User
        1. Banking, Financial Services and Insurance
        2. Retail
        3. Government and Defense
        4. Healthcare
        5. Manufacturing
        6. Information Technology & Information Technology-enabled Services (IT and ITES)
        7. Telecommunications
        8. Transportation
        9. Others
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia Pacific
      7. By Company
        1. Competition Characteristics
        2. Market Share of Leading Companies
  10. North America Network Forensics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Application
      5. By End User
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    4. Canada Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    5. Mexico Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
  11. South America Network Forensics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Application
      5. By End User
      6. By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    3. Brazil Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    4. Argentina Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
  12. Europe Network Forensics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Application
      5. By End User
      6. By Country
        1. Germany
        2. The UK
        3. France
        4. Russia
        5. Spain
        6. Italy
        7. Rest of Europe
    3. Germany Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    4. The UK Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    5. France Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    6. Russia Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    7. Spain Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    8. Italy Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
  13. The Middle East & Africa Network Forensics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Country
        1. Saudi Arabia
        2. The UAE
        3. Egypt
        4. Turkey
        5. South Africa
        6. Rest of the Middle East & Africa
    3. Saudi Arabia Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    4. The UAE Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    5. Egypt Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    6. Turkey Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    7. South Africa Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
  14. Asia Pacific Network Forensics Market Outlook, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Component
      2. By Deployment Mode
      3. By Organization Size
      4. By Application
      5. By End User
      6. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific 
    3. China Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    4. Japan Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    5. India Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    6. South Korea Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
    7. Australia Network Forensics Market Outlook, 2018-2028F
      1. Market Size & Analysis
        1. By Revenues (USD Million)
      2. Market Share & Analysis
        1. By Component
        2. By Deployment Mode
        3. By End User
  15. Global Network Forensics Market Key Strategic Imperatives for Growth & Success
  16. Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target Sizes
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Cisco
      2. Fireeye Inc.
      3. IBM
      4. Manageengine (ZOHO)
      5. Netscout Systems
      6. Niksun
      7. Novetta Solutions
      8. Opentext
      9. Palo Alto Neworks
      10. RSA Security
      11. Solarwinds
      12. Sonicwall
      13. Symantec (Broadcom)
      14. Vectra AI
      15. Viavi Solutions
      16. Others (Graylog, Difose, etc)
  17. Disclaimer
Network Forensics Market Segmentation Slide