Global Incident Forensics Market - Segmented by Deployment (On-premise and On-cloud), End-user Industry (BFSI, IT & Telecom, Healthcare, Manufacturing), and Region - Growth, Trends, and Forecast (2018 - 2023)
The incident forensics market is projected to register a CAGR of 17.5% during the forecast period (2018 - 2023). The scope of the report includes different end-user industries, such as BFSI, IT & Telecom, healthcare, manufacturing, etc. The regions considered in the scope of the report include North America, Europe, etc.
Increasing Adoption of Threat Intelligence Solutions among SMEs
There is an increasing demand for incident forensics, mainly in small and medium enterprises (SMEs), due to increasing incidences of cyber-attacks on these enterprises, as well as to install threat intelligence solutions. SMEs, though small in their size, cater to a large number of consumers, globally. Weak cybersecurity and financial constraints make the organization more prone to attacks, such as ransom ware, zero-day attacks, etc., as there are no dedicated security solutions, thus, posing a challenge to save their networks, data, and systems. Thus, incident forensics are implemented mostly by SMEs as it saves time and lowers costs, helping organizations in protecting their digital assets, which attackers try to gain through compromise.
IT Sector to Augment the Growth
IT service providers rely on various databases to provide solutions, thus, attack on these organizations can be serious for businesses. In the recent years, this sector has encouraged the trend of work-from-home, enterprise mobility, and BYOD (bring-your-own-device), which makes it prone to cyber-attacks. Since there is a lack of testing solutions for BYOD and other mobile devices, they are more prone toward external networks, thus, increasing the need for incident forensics services. Companies, such as IBM, have designed a software, named IBM Security QRadar Incident Forensics, to give enterprise IT security team better visibility into security incident-related network activities.
North America to Have the Largest Share
North America is accounted to have the largest market share and is expected to grow at a substantial rate during the forecast period, mainly due to ongoing technological advancements in the region and the need to save organizations from cybercrimes. Asia-Pacific includes emerging economies, such as India, China, Australia, and Japan, which are rapidly deploying threat intelligence solutions, and thus, the region is expected to witness the highest CAGR during the forecast period. Both SMEs and large-scale organizations in this region have become more aware of the increasing cyber-attacks and have started adopting incident forensics solution to combat them.
Key Developments in the Market
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