Network Forensics Market New Trends, Size, Revenue, Top Key Players, Industry Analysis, Advance Technology, Future Development & Forecast – 2027

July 09 17:50 2024
Network Forensics Market New Trends, Size, Revenue, Top Key Players, Industry Analysis, Advance Technology, Future Development & Forecast - 2027
Fireeye ([now Trellix], US), Cisco Systems (US), IBM Corporation (US), Broadcom Inc. (US), NETSCOUT Systems, Inc. (US), RSA Security, LLC (US), VIAVI Solutions (US), Novetta Solutions, LLC (US), SolarWinds Corporation (US), Palo Alto Networks, Inc.(US), SonicWall (US), OpenText Corporation (Canada).
Network Forensics Market by Component (Solutions & Professional Services), Application (Endpoint Security & Data Center Security), Vertical, Deployment Mode, Organization Size, and Region – Global Forecast to 2027.

The network forensics market size to grow from USD 1.3 billion in 2022 to USD 2.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 11.2% from 2022 to 2027. Increasing data thefts and cyberattacks across enterprises, increasing traffic on network systems, and increasing demand for cloud-based network forensics solutions are some of the factors that are driving the market growth. The number of deals increased by around 60-70% relatively in 2020. These deals collectively include partnerships, acquisitions, collaborations, and alliances.

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By component, solution segment to hold the largest market size during the forecast period

Network forensics monitors network traffic to see if anomalies exist and whether they indicate an attack or could lead to one. The objective is to determine the attack’s nature and then capture, store it in a forensically sound manner, analyze, and, finally, present some visual form of it.

Solutions that are used to assist network forensics come in a variety of forms: some are merely packet sniffers, whereas others might focus on fingerprinting, mapping, location identification, email traffic, URLs, traceback services, and honeypots. During the covid-19 pandemic, the rapid shift to the cloud places organizations in a precarious security position, which is why cyberattacks have increased. Cybercriminals are attacking the computer networks and systems of individuals, businesses, and even global organizations at a time when cyber defenses might be lowered due to the shift of focus to the health crisis. These attacks require network forensics solutions to understand the attack method and process to reduce the network vulnerability.

By deployment mode, cloud deployment to grow at a higher CAGR during the forecast period

SMEs, in particular, have adopted cloud mode to deploy network forensics solutions, as it enables them to focus on their core competencies rather than to invest their capital in security infrastructure. Organizations can avoid costs related to hardware, software, storage, and technical staff by using cloud-based network forensics solutions. The cloud-based platform offers a unified way in the form of SaaS-based security services to secure the business applications, which is beneficial for organizations that have strict budgets for security investments.

North America to hold the largest market size during the forecast period

Major network forensics vendors, such as IBM (US), Cisco (US), FireEye (US), Broadcom (US), Palo Alto Networks (US), NETSCOUT Systems (US), and Viavi Solutions (US), are headquartered in North America. Due to the high adoption of IoT, BYOD, and cloud-based applications in North America, the attacks are increasing dramatically and becoming more sophisticated. The market has been steadily showing positive trends in the region regarding network security, as several companies and industries are adopting network forensics solutions to sustain in the market and increase their productivity. The key countries taken for analysis from North America are the US and Canada. The presence of key network forensics market players in this region is a major factor responsible for the growth of this market.

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Unique Features in the Network Forensics Market

Network forensics involves the real-time and retrospective capture and analysis of network traffic. This comprehensive approach allows for the reconstruction of events leading up to and following a security incident, providing detailed insights into the attack vector, methodology, and impact.

One of the key features of network forensics is its integration with intrusion detection systems (IDS) and intrusion prevention systems (IPS). These tools monitor network traffic for signs of malicious activity, enabling rapid response and mitigation of threats in real-time. Forensic data helps in fine-tuning these systems to better detect and prevent future attacks.

Network forensics tools are designed to reconstruct the sequence of events during a security incident. This includes creating detailed timelines that highlight when and how an attack occurred, what systems were affected, and the actions taken by the attacker. This chronological reconstruction is crucial for understanding the full scope of an incident.

Network forensics relies heavily on the deep analysis of network packets. This involves examining packet headers and payloads to uncover hidden threats, data exfiltration attempts, and other malicious activities. Advanced packet analysis can reveal anomalies and patterns that are indicative of sophisticated cyber attacks.

Effective network forensics requires the correlation of network traffic data with other data sources such as system logs, application logs, and endpoint data. This holistic approach provides a more complete picture of an incident, helping analysts understand the broader context and identify root causes.

Major Highlights of the Network Forensics Market

With the rise in cyber threats and sophisticated attacks, there has been a growing demand for robust network forensics solutions. Organizations across various sectors are investing in these technologies to enhance their security posture and protect sensitive data from breaches and unauthorized access.

Network forensics tools are increasingly integrated with advanced threat detection technologies such as artificial intelligence (AI) and machine learning (ML). These integrations enable more accurate detection of anomalies and potential threats, enhancing the overall effectiveness of forensic investigations.

The market has seen a shift towards real-time network traffic monitoring and analysis. This real-time capability allows organizations to detect and respond to threats more quickly, reducing the time it takes to mitigate potential damage from cyber incidents.

Network forensics solutions are being widely adopted in critical infrastructure sectors such as energy, healthcare, and finance, as well as by government agencies. These sectors are prime targets for cyberattacks, and network forensics provide essential tools for protecting vital systems and data.

Regulatory requirements and compliance standards are significant drivers in the network forensics market. Regulations such as GDPR, HIPAA, and PCI-DSS mandate strict data protection and incident response measures, prompting organizations to implement network forensics solutions to meet these standards.

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Top Companies in the Network Forensics Market

The network forensics market is led by some of the globally established players such as Cisco (US), Broadcom (US), Fireeye (US), Palo Alto Networks (US), NETSCOUT Systems (US), and Viavi Solutions (US). These players have adopted various growth strategies such as partnerships, agreements, collaboration, acquisitions and product developments to increase their market presence.

NETSCOUT, with more than 30 years of experience in network operations, has achieved a leading position in terms of application and network performance management products and solutions. The companys solutions enable real-time capturing, ordering, and analyzing the network traffic, enabling network administrators to have complete visibility and control over their network. The company provides its enterprise solutions in the segment, such as cloud application performance and security, performance management, cybersecurity, DDoS protection, 5G transformation. In the network forensics market, it has the solution named Omnis Cyber Intelligence, which is a cyber threat investigation and digital forensics platform. NETSCOUT Systems provides its solutions and services to diverse industry verticals, such as communication service providers, education, public sector, financial services, healthcare, capital markets, manufacturing, transportation, retail, and utilities & energy. The company has a strong presence in the regions of the Americas, Europe, and the Asia Pacific.

Apart from large and SME players, start-ups such as LiveAction (US), GrayLog, Inc. (US), DiFose (Ankara, Turkey), Gurucul (US), and BluVector (US) are also evolving in network forensics market space.

Founded in 2001, Endace works with world-leading organizations to provide 100% accurate network recording while simultaneously investigating network security and performance events and reaching unambiguous conclusions with definitive packet-level network history integrated into all their tools. The company helps its clients integrate the analytics tools they want and where and when they want, without requiring a hardware truck roll. The EndaceProbe Analytics Platform records a 100% accurate history of Network Activity that enables organizations to be sure of the breachs impact upon the IT infrastructure. With accurate network history integration, investigation and resolution of security threats enables teams to proactively hunt for threats. The company caters to the industries, such as the BFSI sector, telecom, media, healthcare, retailers, and government.

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