Overview of the network forensics market
As cyber threats change and continue to increase, network forensics is key to fighting cybercrime. With technologies such as AI, big data analytics, and machine learning becoming more prevalent, the market for network forensics is looking optimistic. “AI-powered forensics tools can automate incident detection and investigation, significantly reducing response times and human error.”
Growth rate and causes
As these cyberattacks climb and become more intricate, it has led to the network forensics market to be valued at over $1,412.6 million in 2023 and is anticipated to reach $6,413.2 near the end of 2033. Persistence Market Research also estimates that the market will grow at a CAGR of 16.3% from 2023 to 2033. Other factors in this growth over the next decade are compliance mandates such as data privacy regulations.
The demand for network forensics has grown because of these threats and mandates, but surprisingly also because organizations are embracing cloud computing. “There is a growing requirement for cloud-centric network forensics tools to ensure the security and compliance of cloud-based data and applications.” There’s also a push for specially made network forensics solutions for particular industries like healthcare, finance, critical infrastructure, etc. as these sectors face distinctive cybersecurity challenges.