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

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 & Analysis: Global Network Forensics Market (2023-28)

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.

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.

Global Network Forensics Market 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.

Global Network Forensics Market 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.

Global Network Forensics Market 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.

Global Network Forensics Market 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.

Global Network Forensics Market (2023-28): Segmentation Analysis

The Global Network Forensics Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the global, regional, and national levels. Based on the End User, and Applicationthe market has been further classified as:

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.

Global Network Forensics Market 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.

Global Network Forensics Industry Recent Developments 

• 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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