Global Network Forensics Market 2017-2021

Overview of the global network forensics market

Research analysis on the global network forensics market identifies that the rising instances of cybercrime will be one of the major factors that will have a positive impact on the growth of the market. The incidence of cyberattacks caused by malware such as viruses, trojans, adware, and worms has increased significantly over the last few years, which is a major concern for businesses. DoS is one of the most common techniques used by hackers to gain access to confidential data. It allows hackers to send harmful data into a user's web server and network resources to increase traffic. The increase in the number of cyberattacks and the awareness among organizations about security threats, is inducing them to adopt network forensics solutions. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 15% by 2021.

The rising demand for managed security services will be one of the latest trends that will gain traction in the network forensics market during the next four years. A growing number of them are preferring the use of managed security services to mitigate day-to-day challenges. The third-party companies that offer these services are referred to as managed security service providers (MSSPs). It offers simple security solutions such as security event monitoring, email encryption and archiving, and content security. Owing to such advantages, enterprises increasingly collaborate with MSSPs for consultations and also for managing technology tasks.

Competitive landscape and key vendors

This market appears to be fragmented, owing to the presence of a considerable number of vendors. According to the network forensics market industry report, the market is competitive and the players in this market are mainly competing based on geographical presence, product portfolio, financial resources, and R&D.

The leading vendors in the market are -

• Corero Network Security
• IBM
• LogRhythm
• NETSCOUT
• RSA Security (Dell)

The other prominent vendors in the market are Blue Coat Systems (Symantec), Check Point Software Technologies, Cisco, DVV Solutions, Fortinet, Network Critical Solutions, NIKSUN, Packet Forensics, PacketSled, Prevoyance Cyber Forensic, SAVVIUS, Trustwave Holdings, and VIAVI Solutions.

Segmentation by component and analysis of the network forensics market

• Hardware
• Software
• Services

During 2016, the hardware segment accounted for the major shares of this market. The increasing demand for network forensic hardware platforms in the developing countries including India and China, will be the major factor fueling the growth of the market in this segment.

Geographical segmentation and analysis of the network forensics market

• Americas
• APAC
• EMEA

The network forensics market forecast estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The presence of large banks and payment card industry (PCI) companies and the increase in regulatory requirements, drive the adoption of network forensic solutions in the region. This in turn, will have a positive impact on the network forensics market size and share.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global network forensics market?
• What are the key market trends impacting the growth of the global network forensics market?
• What are the challenges to market growth?
• Who are the key vendors in the global network forensics market?
• What are the market opportunities and threats faced by the vendors in the global network forensics market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global network forensics market? 

Technavio also offers customization on reports based on specific client requirement.