MarketsandMarkets

Network Forensics Market Expected to Reach 2.69 Billion USD by 2021

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%.

<p>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.</p> <p>The network security segment is expected to play a key role in the network forensics market</p> <p>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.</p> <p><strong>Ask for PDF Brochure @</strong> <a href="https://www.marketsandmarkets.com/pdfdownload.asp?id=245191144">https://www.marketsandmarkets.com/pdfdownload.asp?id=245191144</a></p> <p>The energy and utilities vertical is expected to grow at the highest CAGR in the network forensics market</p> <p>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.</p> <p>&nbsp;</p> <p>&nbsp;</p>

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