Published Date : Apr 18, 2018
Albany, New York, April 18, 2018: According to a market research report added recently to the ever-expanding market research report portfolio of Marketresearchreports.biz, the global network forensics market is likely to exhibit an impressive 14.1% CAGR over the period between 2017 and 2025. If the projection holds true, the market will rise from a valuation of US$1,324.8 mn in 2016 to US$ 4,232.0 mn by 2025. The report is titled “Network Forensics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”
A number of factors are expected to work in favor of the market, including the rising concerns regarding the security of digital data in the enterprise sector, rising focus and rising investment towards network troubleshooting. The vast rise in the number of data theft cases is also leading to the increased demand for effective network forensics tools for analyzing, troubleshooting, and monitoring networks.
The report presents a detailed overview of the market on the basis of criteria such as component, deployment type, end-use industry, and geography. Based on component, the global network forensics market has been segmented into services, software, and hardware. Of these, the services segment in the network forensics market is likely to expand at the highest CAGR over the report’s forecast period and account for a significant share in the overall market.
Based on deployment model, the market has been segmented into on-premise deployment and cloud-based deployment. Of these, the segment of cloud-based deployment segment is expected to witness a massive surge in demand owing to its benefits such as flexibility and cost-effectiveness. Expected to expand at the fastest CAGR over the forecast period, the segment is likely to account for a massive share in the global market over the forecast period.
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Key end-use industries deploying network forensics tools covered in the report include telecom and IT, government, banking, financial services and insurance (BFSI), healthcare, retail, and education. The report states that the government and BFSI sectors are likely to emerge as the most promising for the market over the forecast period.
Geographically, the report analyzes the market for network forensics for regions such as South America, North America, Europe, Asia Pacific, and Middle East and Africa. Of these, the market in North America is likely to gain the largest piece of the global revenue pie by the end of the report’s forecast period. The region is expected to account for over 35% of the market by 2025. The market in Asia Pacific is likely to expand at the most promising CAGR over the report’s forecast period.
Some of the leading companies operating in the global network forensics market profiled in the report are NETSCOUT Systems Inc., Symantec Corporation, IBM Corporation, LogRhythm, Inc., RSA Security, NIKSUN Incorporated, Cisco Systems, Inc., FireEye, Inc., Savvius, Inc. and VIAVI Solutions Inc.
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