An increase in the number of criminal activities, the surge in interception warrants, and the rise in the volume of data traffic and security threats drive the growth of the global lawful interception market. However, issues related to privacy maintenance and stringent regulations by government bodies hinder the market growth.
On the other hand, advancements in network technologies and the prominence popularity of social media communications create new opportunities in the coming years.
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The global lawful interception is analyzed across solution, network technology, communication content, end-user, and region.
Based on network technology, the mobile voice telephony segment contributed to nearly one-fourth of the total market share in 2018 and is anticipated to lead the trail by 2026. On the other hand, the long-term evolution (LTE) segment would manifest the fastest CAGR of 28.4% from 2019 to 2026.
Based on communication content, the voice communication segment accounted for nearly one-third of the total market revenue in 2018, and is expected to retain its dominance by the end of 2026. At the same time, the video segment would register the fastest CAGR of 26.1% during the forecast period.
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Based on region, North America held the highest share in 2018, generating more than one-third of the global lawful interception market. Simultaneously, Asia-Pacific would exhibit the fastest CAGR of 24.5% from 2019 to 2026. The other two regions studied in the report include Europe and LAMEA.
The key market players analyzed in the global lawful interception market report include BAE Systems, Cisco Systems, Inc., ZTE Corporation , AQSACOM, FireEye, Inc., Ixia, NICE Ltd., Siemens AG, Verint Systems Inc., and Incognito Software. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.
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Covid-19 scenario-
- The outbreak of the pandemic led to increasing adoption of remote working system.
- Accordingly, there’s been a steep rise in the need in organizations to have an interception system for intercepting communication data, thereby boosting the global market for lawful interception positively.
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