Network forensics is empowering companies to better protect data and recognize vulnerabilities in the system. Network forensics is a process and is widely considered as a study of network data that is captured, recorded, and analyzed to discover the source of security/cyber threats.
Network security has become one of the most significant aspects in the current connected landscape, with the amount of data traffic handled by network infrastructures increasing at an exceptional rate. Moreover, rise in investments in security solutions in growing technological landscape propels adoption of network forensics as one of the leading solutions across industries.
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Rise in need to secure networks from cyber threats such as ransomware, Denial-of-Service (DDoS), and advanced persistent threat and rise in sophistication of hacking techniques are factors that drive growth of the market. Rise in demand for cloud-based network forensics is also a factor that boosts growth of the network forensics market. However, lack of skilled network forensics investigators hamper growth of the market. Contrarily, rapid evolution in mobile, IoT, and web applications and integrated next-generation network forensics solutions are opportunistic factors for the market, which is further anticipated to generate substantial opportunities for players during the forecast period.
On-going digitization is transforming present business environment where implementation of new networking technologies might have compatibility and security issues for which network forensics investigators are required to collect digital evidence to provide better solutions. Generated output from network forensics are digital evidences documented to be strong and accurate, owing to which they are legally accepted. Growth in sophistication of cyber criminals that utilize multi-layered hacking mechanism to monitor networks across enterprises has compelled businesses to adopt network forensics.
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Traditional security solutions are unable to adapt changing attacks patterns, thus next-generation security solutions such as SIEM, IDS/IPS, packet capture analysis, firewalls, and log management are high in demand. These solutions provide analysis of historic data and monitor real-time network traffic to respond threats accurately. Moreover, growth in need for in-depth analysis of network data coupled with rise in need to extract or gain actionable digital evidence on cyber-attacks is anticipated to witness high growth of network forensics products and services across industries in the coming years.
In this digital era where cyber risks are increasing at a faster rate, organizations around the globe are thriving to find technological solutions. However, these advance solutions require talented professionals who can help them defend against these risks and help their systems respond accurately.
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According to the most recent Cybersecurity Workforce Study from (ISC)2, the world’s biggest nonprofit association dedicated to IT security, there is currently a massive cybersecurity workforce shortage on a global basis. Around the world, there are currently 2.8 million cybersecurity professionals. Unfortunately, it would take a 145% rise in the number of these professionals in order to fill the current expected need for 4.07 million cybersecurity experts.
As a whole, the (ISC)2 report presents an extremely sobering glance at the current cybersecurity workforce shortage. Steps taken in recent years such as creating new security certifications and degrees, promoting need for greater training and up-skilling, and highlighting ways that non-traditional job candidates can make an immediate contribution to the industry are expected to be opportunistic for the market.
Key market players are Cisco Systems Inc., FireEye Inc., IBM Corporation, LogRhythm Inc., NIKSUN Incorporated, NETSCOUT Systems Inc., RSA Security, Symantec Corporation, Savvius Inc., VIAVI Solutions Inc.
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