Network Forensic Market 2021 Recent Development and Trends, Expected Growth and its Factors, CAGR, Industry Size, Business Prospects and Forecast 2030

In a recent published report, Kenneth Research has updated the market report for Network Forensic Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Network Forensic Market products.

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Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.

The Network Forensic Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Network Forensic Market was valued at USD 1511 Billion in the year 2017. Global Network Forensic Market is further estimated to grow at a CAGR of 14% from 2019 to reach USD 4824.48 Billion by the year 2025. North America region holds the highest Market share in 2017 and Europe Market is considered as the fastest growing Market in the forecasted period. At a country level, the U.S is projected to grow strongly in the coming years.

Major market players in Network Forensic Market are International Business Machines Corp., Symantec Corp, LogRhythm Inc., RSA Security, Cisco Systems Inc., Viavi Solutions, NETSCOUT Systems Inc., Savvius Inc., Fireeye Inc., and brief overview of 11 companies is also provided in the report. Rising research and development expenses cater to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

SWOT Analysis of Network Forensic Market:
Strength:

Rising demand for Cloud-Based Solutions

Weakness:
Lack of skilled investigator

Opportunities:
Rising demand in the next generation and integrated solutions

Threats:
Forensic processing and time for investigation

The Global Network Forensic Market is segmented on the basis of deployment type, component, application, Market vertical and region. The major shares of the Market come from Data Center Security under by application segment in Global Network Forensic Market. On the other hand, BFSI, by Market vertical for this Market is expected to grow at highest CAGR during the year 2019-2025.

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Network Forensic Market Segmentation:
By Application

*Network Security
*Data Center Security
*Application Security
*Others

By Market Vertical
*Healthcare
*BFSI
*Government
*Retail & Manufacturing
*Telecom and IT
*Energy & Utilities
*Others

By Deployment Type
*Cloud
*On-Premise

By Component
*Hardware
*Software
*Services

By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa

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