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Network Forensics Market Size to Grow from $1.25 Billion in 2016 to $2.69 Billion by 2021 - Increased Need to Secure Networks from Advanced Attacks - Research and Markets

[March 28, 2017]

Network Forensics Market Size to Grow from $1.25 Billion in 2016 to $2.69 Billion by 2021 - Increased Need to Secure Networks from Advanced Attacks - Research and Markets

Research and Markets has announced the addition of the "Network Forensics Market by Solution, Service, Application Area, Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2021" report to their offering.

The network forensics market size is expected to grow from USD 1.25 Billion in 2016 to USD 2.69 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 16.6% during the forecast period.

The major growth drivers of the market include increased need to secure networks from advanced attacks, such as ransomware, Distributed Denial of Service (DDoS), and Advanced Persistent Threats (APTs); increased sophistication in attacking/hacking techniques; and need of government regulations and regulatory compliances.

The network forensics market is segmented by solution, service, application area, deployment mode, organization size, vertical, and region. The solutions segment is estimated to have the largest market size in 2016. Moreover, the servics segment is expected to grow at the highest CAGR during the forecast period. The reason behind the high growth rate of the services segment is the increased adoption of Bring Your Own Device (BYOD) and Internet of Things (IoT) trend within organizations. This results in an increase in cyberattacks and creates demands for more comprehensive network security solutions and services that would help customers in securing their IT infrastructure.

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