Network Forensics Market booming, projected to reach $9.02 Billion by 2032
From GlobeNewswire: 2024-12-17 09:00:00
The Network Forensics Market was valued at USD 2.67 Billion in 2023 and is projected to reach USD 9.02 Billion by 2032, growing at a CAGR of 14.54%. Cyber threats are driving market growth, with 93% of organizations experiencing breaches in 2023. AI integration and 5G expansion will further fuel market growth.
Large Enterprises currently lead the Network Forensics Market, accounting for 71% of revenue share in 2023. SMEs are projected to grow at a CAGR of 15.88% from 2024 to 2032, with increasing adoption of cost-effective solutions and cloud-based tools.
Endpoint Security dominates the Network Forensics Market, capturing a 40% revenue share in 2023. Datacenter Security is expected to grow at a rapid CAGR of 17.01% from 2024 to 2032, driven by the expansion of cloud computing and data center operations.
In the Network Forensics Market, the BFSI segment led in 2023, capturing 24% of revenue share due to the critical need to protect financial data. The IT and Telecom segment is expected to grow at the fastest CAGR of 17.11% from 2024 to 2032, facing increased cyber risks. The network forensics market is expanding rapidly to protect data networks and enable real-time threat detection. Key segments include components, deployment modes, organization sizes, applications, and verticals. North America leads the market, while Asia Pacific shows rapid growth. Major developments include Cisco’s AI-powered Security Cloud and Palo Alto Networks’ AI-driven security solutions. The market is expected to grow significantly from 2024 to 2032.
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