Network forensics market is expected to grow between 2018 and 2024
The report published by Knowledge Sourcing Intelligence titled “Network forensics Market - Forecasts from 2019 to 2024” studies the various factors affecting the demand for network forensics solutions among end-users worldwide. The market has been segmented by component (solution, services), deployment model (On-premise, cloud), enterprise size (small, medium, large), end-user industry (BFSI, retail, government, communication and technology, others) and geography (North America, South America, Europe, Middle East and Africa, Asia Pacific).To give a clearer view of this market across these geographies, the regional market is further segmented into countries which account for a significant share in the market.
The growth of this market is attributed to increasing digitization of business processes which is increasing reliance of businesses on technology. As this continues, the cost of downtime is witnessing a continuous increase, which is pushing enterprises towards advanced solutions like network forensics. Rising incidence and severity of attacks like Distributed Denial of Service (DDoS) and various Advanced Persistent Threats (APTs) is further pushing end users towards network forensics solutions, thus boosting the growth of this market.
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By deployment model, cloud holds a major market share
Cloud, as the deployment model for network forensics solutions, has been witnessing popularity among end users across regions. This increasing popularity is attributed to the increasing focus of end users towards increasing profit margins as the deployment of these solutions on cloud allows them to cut back on their investments in the IT workforce. Continuous improvements in wireless communication technologies have also been supporting the adoption of cloud among end users, thus augmenting the market growth of this sub-segment.
North America and Europe together hold a major market share across all geographies
North America and Europe together hold the largest market share among all major geographies worldwide. Solid growth of cloud computing and the availability of favorable infrastructure for the deployment of advanced technologies is fueling the market growth in these regions. The market in the Asia Pacific is anticipated to grow at an impressive rate over the projected period. This growth will be attributed to the rapid growth of industries in this region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the network forensics market. Major companies profiled as a part of this report are IBM Corporation, Cisco Systems, Inc., Fireeye, Inc., Symantec Corporation, Netscout, Dell, Inc., VIAVI Solutions, Inc., LogRhythm, Inc., NIKSUN Inc., and Savvius, Inc.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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