Network Forensics Market to Register 16.6% CAGR to 2021, Projects M&M in Its Topical Research Report Available at MarketPublishers.com07 Apr 2017 • by Natalie Aster
LONDON – The market for network forensics is poised to expand from a size of USD 1.25 billion in 2016 to amount to USD 2.69 billion by 2021-end, exhibiting a CAGR of 16.6%.
The market is fuelled by factors, like rising demand to secure networks from advanced attacks, encompassing ransomware, advanced persistent threats (APTs), and distributed denial of service (DDoS); more sophisticated attacking/hacking techniques; and requirement of state regulations and regulatory compliances. Nevertheless, dearth of professional network forensics investigators could hinder the growth of the network forensics marketplace.
In regard to services, the managed services sector is projected to post the fastest CAGR, as organisations are constantly deploying these services to support network security solutions to ensure safety of their networks and end points. Meantime, the professional services segment grabbed the biggest market share in 2016.
APAC, led by China, Singapore, Australia, and India, is projected to see the most impressive CAGR in the offing. This is primarily on account of the surging uptake of IoT and Bring BYOD trends in different verticals, like BFSI, government, IT and telecommunications, retail, manufacturing, and healthcare. Meantime, North America was the largest market by size as of 2016.
Topical research report “Network Forensics Market - Global Forecast to 2021” drawn up by MarketsandMarkets (M&M) canvasses the marketplace. It provides detailed market segmentation analysis by solutions, services, application areas, deployment modes, size of the organisation, vertical, and by region; estimating the market size and future growth potential of each individual segment.
The research sheds light on the opportunities available in the market by revealing high-growth market segments. Furthermore, the report offers detailed profiles of the key market players and carefully evaluates their core competencies, including new product launches, partnerships, acquisitions, agreements, SWOT analysis, etc. The study offers an all-round assessment of the overall competitive landscape. Furthermore, detailed information pertaining to key factors shaping the growth of the market such as drivers, opportunities, restraints and challenges, is included.
Please, follow to the M&M’s online catalogue at MarketPublishers.com to find other comprehensive research reports by the publisher.