Global Network Forensics Market Expected to Grow at a CAGR of 17.6% by 2025

Albany, USA, 2018-Mar-14 — /EPR Network/ —New research report offers a comprehensive analysis of the “Global Market Study on Network Forensics: Services Segment by Component Anticipated to Increase 4.3X Between 2017 and 2025“The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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Global Network Forensics Market – Regulations

Singapore: Singapore’s Computer Misuse and Cyber Security Act underwent changes in April 2017 with a view to forbid the act of trading and using data with a criminal intention.

UAE: Disabling, suspending or destroying a network or becoming a reason for complete or partial loss of data are among such acts that are punishable according to existing laws in the UAE. Besides, anyone found guilty of blocking access to computer networks or for using their skills and knowledge of cyber technology for any kind of criminal activities are also penalized under the UAE law.

Japan: To provide complete national security to the population, the Cyber Security Basic Act was passed by Japan’s legislature in January 2015, which decides the roles and responsibilities of the government in providing security policy. This act was beneficial as it encourages educational and research institutions and infrastructure providers to implement proper security measures so that they can protect their critical data from security threats.

Rising need for secured networks and increasing interest of key players to create a positive impact on the global network forensics market

It has been witnessed that the number of players in the global network forensics market are increasing day by day and the reason behind it is the rising demand for advanced security solutions among enterprises. The presence of a large number of companies in this market is beneficial for consumers as they get a wide variety of choices while selecting network forensic platforms that are available at a low cost with greater accessibility. Another advantage to consumers is that they can get accurate knowledge about all the services available to them. Owing to these benefits along with the rising awareness of cyber security offered by several network forensic platforms, consumers are more inclined to adopt these services, which in turn creates a huge growth potential in the global market.

With the rapid advancements in technologies, a rising number of cybercrimes are being reported nowadays. In addition to traditional malware such as worms, Trojans, and viruses, numerous advanced attacking techniques have been developed, such as DoS attacks and DDoS attacks, which are increasingly used by hackers to steal critical and confidential enterprise and consumer data, thereby creating immense problems for organizations. As the number of such attacks increase, the need to secure data will also increase, directly leading to an increased adoption of network forensics by business enterprises of all sizes.

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Several small and medium sized enterprises are entering the global market of network forensics in developing regions particularly in Asia Pacific. These enterprises based in the developing regions are generally not capable of spending a huge sum of money to recuperate from any kind of attack on their network. As a result, small and medium organizations tend to adopt network forensics solutions on a large scale. As the number of such organizations are increasing steadily, the adoption of network forensics is also expected to increase, thereby leading to high growth rates in the global market for network forensics.

With an exponential CAGR of 20.0%, the services segment is expected to lead the global market for network forensics

In terms of value, the software segment is projected to be the most attractive in the global network forensics market during the forecast period. In 2016, the software segment was valued at US$ 320.9 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period. However, the services segment is expected to register high Y-o-Y growth rates throughout the assessment period. In terms of value, the services segment is expected to register a growth rate of 20.0during the eight year period 2017 to 2025.

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