The factors that propel the growth of the market include increasing threats of security to the various nations, growing number of cybercrimes, increase in the terrorist attacks, rising law and order violations, advances in communication channels and high demand from law enforcement agencies for the lawful interception activities.
(businesspress24) - Global Lawful Interception Market is anticipated to witness exponential growth in the forecast period. Lawful interception implies legally authorized investigation of data and voice communications. It is a significant tool for law enforcement agencies worldwide for investigating and litigating criminal activities.
The factors that propel the growth of the market include increasing threats of security to the various nations, growing number of cybercrimes, increase in the terrorist attacks, rising law and order violations, advances in communication channels and high demand from law enforcement agencies for the lawful interception activities.
On the other hand, there are factors that may hamper the growth of the market including high cost of maintaining interception capabilities and penetration and emergence of new communication protocols. Globally, market is anticipated to grow at a significant CAGR of 24.33% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Lawful interception market may be explored by device, communication content, services, end users and geography. The market may be explored by device as routers, mediation devices, gateways, Intercept Access Point (IAP), switches, management server and handover interface. Based on communication content, the market could span video, voice communication, facsimile, text messaging, data download, digital pictures, next generation network (NGN) and file transfer.
The key services that could be explored in the market include managed services, professional services, and system integrators. The market could be explored based on end user as LEAs, government and public affair and small and medium enterprises (SMEs).
North America accounted for the major share of the lawful interception market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising volume of data traffic, emergence of huge global and large telecom corporations, increased security threats and high use of technologies such as LTE/4G and VoLTE providing high-speed mobile broadband networks in these nations.
Some of the key players that fuel the growth of the lawful interception market comprise Fire Eye, Inc., Verint Systems Inc., Aqsacom, Siemens AG, Net Optics, Inc., BAE Systems, Utimaco GmbH, NICE Systems, Incognito Software, Cisco, SS8, ZTE Corporation, and NetScout. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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Date: 10/31/2019 - 10:56
Language: English
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