Hi-tech Cyber Attacks Lead to Adoption of Network Forensic Solutions

San Francisco, California, January 18, 2018 – TMR Research presents a new market study on the global network forensics market which provides useful insights about developments in the said market over the 2017-2025 forecast timeframe. The report, titled “Network Forensics Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” provides an in-depth analysis of the said market covering demand drivers, growth trends, and technological innovations that could impact the market’s growth over the 2017-2025 forecast period.

The publication is a scientific instrument that provides a qualitative and quantitative analysis of the global network forensics market for the 2017-2025 forecast period. Using industry-centric analytical tools and proven research methodologies and assumptions, analysts provide accurate insights about the growth behavior of key market segments based in past and current performance. Inputs received from market experts corroborate the accuracy of projections and future growth trends presented in the report.

Network forensics refers to capturing, recording, and analysis of network events with the objective to detect the origin of security attacks and other related issues. Alternately, network forensics could be referred as specific network analysis that is performed after the occurrence of security attacks and similar cybercrimes.

Network forensics employs a number of techniques to ascertain the source of cybercrimes. Network forensics is similar to vehicle checkpoints in some way, wherein network forensics investigators can examine all data that is transmitted over a certain point in the network. Network forensics could be broadly classified into two broad categories, namely stop-look-listen and catch-it-as-you-can.

Some of the key growth drivers of the global network forensics market include increased need to safeguard networks from sophisticated attacks such as DDOS, APTS, and ransom ware. Further, increased adoption of advanced hacking techniques, need for government mandates and regulatory compliances, and increased demand for cloud-based network forensics solutions are driving the adoption of network forensics solutions.

The global network forensics market is being benefitted owing to the increasing vulnerability of data networks to cyber-adversaries such as cybercriminals, malicious insiders and nation-states, and hackers. These attacks not only pose financial and regulatory risks, but impact the reputation of organizations. Among the various industry sectors, the banking, financial services, and insurance sector exhibits the leading demand for network forensics due to the vast amount of critical data it handles. Further, the energy and utilities sector is also anticipated to contribute a handsome revenue to the overall market. Owing to these high-value applications, the demand for network forensics is likely to escalate in the coming years, says the report.

On the contrary, privacy laws and several legal restrictions that apply on network forensics might challenge the growth of this market in the upcoming years. In addition dearth of skilled network forensics investigators is proving to be a roadblock to the market’s growth. Nevertheless, the market is likely to benefit due to the need to scrutiny big data and due to emergence of Industrial Internet of Things (IoT). Rising demand for next-gen network forensics solutions and rapid evolution in mobile, web applications are anticipated to offer growth opportunities to this market.

The market for network forensics is segmented by solution, service, deployment mode, organization size, application area, vertical, and region.

Some of the key names in the global network forensics market include Symantec Corporation, IBM Corporation, NETSCOUT Systems, FireEye, Savvius, NIKSUN, EMC RSA, Viavi Solutions, LogRhythm, and Cisco Systems. Savvy players are seeking strategic alliances and mergers and acquisitions to enhance their capability to serve a large clientele.

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