The latest research study “Lawful Interception Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global lawful interception market size reached US$ 3.10 Billion in 2021. Looking forward, the market to reach US$ 8.66 Billion by 2027, exhibiting at a CAGR of 17.89% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Lawful interception refers to the legally sanctioned access to numerous private communication channels, including emails, messages and telephone calls. Service providers and network operators are required to collect or provide intercepted communications of individuals or corporations to the law enforcement agencies (LEAs) as authorized by jurisdiction or administration to track illegal activities. It is crucial in investigating and litigating criminal activities, including frauds, crime, and terrorism, which can be administered by wiretapping emails, mobile data, telephone lines, instant messaging and other internet-based services of the target. This, in turn, aids in closely monitoring the activities of the threat and obtaining the forensics necessary for pursuing wrongdoers.
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Lawful Interception Market Trends
The market is primarily driven by the increasing incidences of criminal activities and terrorism on the global level. Lawful inception is, therefore, opted by governments and law enforcement agencies for monitoring and decrypting digital and analog information related to the threat. Along with this, there is an increase in the incidences of cyber-attacks, supported by advancements in communication technology, which is acting as another major growth-inducing factor. The market is further driven by numerous initiatives undertaken by the governments of several countries for updating the laws pertaining to lawful interception. These initiatives aim at enhancing periodic monitoring, which can assist in controlling illegal activities across communication systems.
Moreover, significant improvements in mobile phone tracking systems and data-based communications are creating a positive outlook for the market. Furthermore, the growing virtualization of modern data centers aids in improving security in virtual networks, which enables vendors to offer cloud-based interception solutions and connect cybernetic traffic to physical monitoring tools.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/lawful-interception-market
The report has also examined the competitive landscape of global lawful interception market.
- Verint Systems Inc. (VRNT)
- NICE Ltd (NICE)
- FireEye, Inc. (FEYE)
- Cisco Systems, Inc. (CSCO)
- Aqsacom, Inc.
- Incognito Software,
- Net Optics,
- NETSCOUT Systems, Inc.
- SIEMENS AG (SIEGY)
- Utimaco GmbH
- ZTE Corporation
- BAE SYSTEMS (BAESY)
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