PUNE, India, March 22, 2017 /PRNewswire/ --
According to a new market research report "Network Forensics Market by Solution (IDS/IPS, SIEM, Threat Intelligence, Packet Capture Analysis, Analytics, Log Management, and Firewall), Service (Professional and Managed), Application Area, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size is expected to grow from USD 1.25 Billion in 2016 to USD 2.69 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 16.6%.
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Browse 87 market data Tables and 59 Figures spread through 165 Pages and in-depth TOC on "Network Forensics Market"
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Network forensics helps organizations to protect networks, endpoints, and data centers from various malicious attacks, sophisticated cybercriminals, ransomware, and Advanced Persistent Threats (APTs). The major forces driving the Network Forensics Market are the increased need to secure networks from advanced attacks, such as ransomware, Distributed Denial of Service (DDoS), and Advanced Persistent Threats (APTs); the increased sophistication in attacking/hacking techniques; and the need for government regulations and regulatory compliances. Therefore, enterprises are deploying advanced network forensics solutions to secure networks and endpoints from cyber threats.
The network security segment is expected to play a key role in the Network Forensics Market
The network security segment is expected to have the largest market share and dominate the Network Forensics Market from 2016 to 2021, as more and more companies are adopting network forensics solutions to secure their network resources. The data center security segment is expected to play a key role in changing the network forensics landscape and is projected to grow at the highest CAGR during the forecast period. The reason being, organizations of all sizes moving their businesses to the data centers.
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The energy and utilities vertical is expected to grow at the highest CAGR in the Network Forensics Market
The Banking, Financial Services, and Insurance (BFSI) vertical is expected to contribute to the largest market share in the Network Forensics Market. The increasing complexity of network infrastructure due to the growing trend of Bring Your Own Device (BYOD) and Internet of Things (IoT) results in a massive growth in advanced cyberattacks, thus creating the need of adoption of network forensics solutions. The energy and utilities vertical is projected to grow at the highest CAGR from 2016 to 2021 in the Network Forensics Market, due to the increased usage of connected devices and within-network infrastructure, which has led to risks and uncertainties related to security.
North America is expected to contribute to the largest market share, whereas Asia-Pacific is projected to grow at the highest CAGR
North America is expected to have the largest market share and dominate the Network Forensics Market from 2016 to 2021, due to the presence of a large number of network forensics vendors across this region. Asia-Pacific (APAC), on the other hand, offers potential growth opportunities in the Network Forensics Market, as there is a wide presence of small and medium enterprises in this region that is turning towards network forensics solutions to defend against APTs.
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The major vendors in the Network Forensics Market include IBM Corporation (New York, U.S.), Cisco Systems (California, U.S.), FireEye (California, U.S.), Symantec Corporation (California, U.S.), NETSCOUT Systems (Massachusetts, U.S.), EMC RSA (Massachusetts, U.S.), Viavi Solutions (California, U.S.), LogRhythm (Colorado, U.S.), NIKSUN (New Jersey, U.S.), and Savvius (California, U.S.).
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