Published by Persistence MarketResearch
Posted on October 7, 2021
5 min readLast updated: January 30, 2026
The network forensics market is expanding due to increased cyber threats from connected devices, with a projected CAGR of 12.6% over ten years.
In recent years, use of smartphones and computer devices has increased significantly. Most cyber-attacks are carried out with the help of Internet-connected machines, smartphones, and computer devices.
For instance, in 2019, according to the Federal Bureau of Investigation (FBI) and the Internet Crime Complaint Center (IC3), around 16,503 cases of online identity theft were reported to the IC3. Also, as per the Federal Trade Commission (FTC), in the United States, around 271,823 identity theft complaints were filed due to credit card fraud.
Thus, increasing number of cybercrimes due to rapid adoption of electronic devices such as computers, laptops, smartphones, and other smart devices is fueling demand for network forensics.
As per the findings of a revised market research report by Persistence Market Research, the global network forensics market reached a valuation of close to US$ 2.2 Bn in 2020, and is anticipated to exhibit a CAGR of 12.6% over the next ten years.
Increasing demand for network forensics services and cyber-security forensics services to secure firms, organizations, networks, endpoints and data centers from malicious attacks, numerous ransomware and APTs, and detect and resolve network security breaches is propelling the growth of the global network forensics market.
Several industry players are introducing advanced network forensics tools in the market to mitigate cyber-threats.
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Companies in this industry are also focusing on mergers and acquisitions in order to expand their consumer base.
Companies are also entering into partnerships to expand their customer base across several developing economies.
Key Takeaways from Market Study
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“Increased need to secure network infrastructures from sophisticated cyber- attacks, such as ransomware, DDoS, and APTs, expected to drive market growth,” says a Persistence Market Research analyst.
Opportunities in the Market
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Find More Valuable Insights
Persistence Market Research puts forward an unbiased analysis of the global market for network forensics market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.
To understand the opportunities in the market, it has been segmented on the basis of component [solution (IDS/IPS, SIEM, threat intelligence, packet capture analysis, log management, analytics and firewall) and service {professional services (consulting services, training and education, design and integration, and incident response) and managed services}], deployment mode (cloud-based and on-premises), application (data center security, endpoint security, network security, application security, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and lucrative evaluate opportunities in the market.
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The post Growing Ecosystem for Connected Devices Demanding Secure Networks to Drive Demand for Network Forensics appeared first on Lake Shore Gazette.
The article discusses the growth of the network forensics market driven by the need for secure networks amid rising cyber threats.
Network forensics is crucial for detecting and resolving network security breaches and protecting against cyber-attacks.
The U.S. and China are significant markets, with Europe also showing strong growth due to stringent regulations.
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