The Lawful Interception by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Lawful Interception, The lawful interception market size has grown exponentially in recent years. It will grow from $4.58 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to rise in criminal and terrorist activities, lawful interception in the virtual environment, a rise in government initiatives, a rise in technological advancements and an increase in investments.
The lawful interception market size is expected to see exponential growth in the next few years. It will grow to $12.78 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to increasing number of cybercrimes, a rise in volume of data traffic and the introduction of next-generation networks. Major trends in the forecast period include increasing number of cybercrimes, a rise in volume of data traffic and the introduction of next-generation networks.
The increase in cybercrimes is expected to propel the growth of the lawful interception market. Cybercrimes are defined as the increasing number of cyber-attacks through social media, the internet, and hacking software. The increased cybercrimes are responsible for the growth of lawful interceptions as it is a key tool for identifying crimes. For instance, according to the Legal jobs portal, Data breaches exposed over 4 billion records and doubled to 9.6 billion by the end of the year it involves 28% of the malware 52% of hacking, and 26% of cybercrimes by intentions traced to espionage and other such reasons. Additionally, according to Positive Technologies, a South Korea-based cybersecurity company, the number of cyberattacks climbed by 17% in Q1 2021 compared to Q1 2020, and by 1.2% compared to Q4 2020, with 77% being targeted attacks. Therefore, increasing cybercrimes drive the lawful interception market.
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The lawful interception market covered in this report is segmented –
1) By Device : Mediation Devices, Routers, Intercept Access Point (IAP), Gateways, Switches, Management Servers, Others
2) By Network Technology: Voice-Over-Internet Protocol (VOIP), Long Term Evolution (LTE), Wireless Local Area Network (WLAN), Worldwide Interoperability For Microwave Access (WIMAX), Digital Subscriber Line (DSL), Public Switched Telephone Network (PSTN), Integrated Services For Digital Network (ISDN), Others
3) By Communication Content: Voice Communication, Video, Text Messaging, E-Mail, Data Downloads, Facsimile, Digital Pictures, File Transfer
4) By End-User: Lawful Enforcement Agencies, Government
The deployment of 5G networks is a key trend gaining popularity in the lawful interception market. 5G networks emerged as a vital technology that is being used by various industries. 5G is helpful in lawful interception by providing virtualization and containerization, triggering, security, and standardized X-interfaces. For instance, 5G networks are expected to cover one-third of the world’s population and also account for 1.2 billion connections by 2025. Therefore, the deployment of 5G networks is an emerging trend in the lawful interception market.
The lawful interception market report table of contents includes:
1. Executive Summary
2. Lawful Interception Market Characteristics
3. Lawful Interception Market Trends And Strategies
4. Lawful Interception Market – Macro Economic Scenario
5. Global Lawful Interception Market Size and Growth
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31. Lawful Interception Market Other Major And Innovative Companies
32. Global Lawful Interception Market Competitive Benchmarking
33. Global Lawful Interception Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lawful Interception Market
35. Lawful Interception Market Future Outlook and Potential Analysis
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