NEW YORK, July 8, 2022 /PRNewswire/ -- The lawful interception market is set to grow by USD 1.95 billion from 2019 to 2024 as per the latest market report by Technavio. The report projects the market to progress at a CAGR of about 24.61%. 36% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for the lawful interception market in North America. Market growth in this region will be faster than the growth of the market in regions. The need for security services for monitoring cybercrimes and fake identities will facilitate the lawful interception market growth in North America over the forecast period.
The market research report segments the lawful interception market by Application (Services, Devices, Communication content, and Network technology) and Geography (North America, Europe, APAC, and South America).
Revenue Generating Segment: The lawful interception market share growth by the services segment will be significant for revenue generation. Lawful interception services can serve several different networks and law enforcement agencies simultaneously and enable various deployment models of the lawful interception system. Lawful interception services are expected to witness significant demand during the forecast period because of their low cost and high adoption among developed regions of North America and Europe.
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Lawful Interception Market: Major Driver
An increasing number of government initiatives supporting lawful interception is the major driver influencing the growth of the global lawful interception market. The increasing number of government initiatives supporting lawful interception will fuel the growth of the lawful interception market size.
Governments across the globe are increasingly leveraging lawful interception to monitor and have stringent control over criminal activities across communication networks. Governments are focusing on directing central security and investigation agencies for intercepting, monitoring, and decrypting information on any computer.
Moreover, in February 2018, the Government of India announced its plan for setting up a mobile phone tracking system in the country. The system, namely Central Equipment's Identity Register (CEIR), helps to protect and preserve consumer interest and facilitate law enforcement authorities for lawful interception.
Lawful Interception Market: Major Trend
The growing popularity of virtualized lawful interception is one of the key lawful interception market trends. Cloud computing is an emerging paradigm, which offers benefits such as elasticity, scalability, and easy deployment of new applications and services.
The increase in the use of cloud computing has driven the need for highly flexible and dynamic infrastructures that can handle a variety of applications. The virtualization of modern data centers provides an environment for cloud computing infrastructures. Virtualization and cloud computing create security, monitoring, and compliance risks.
There are a large number of physical servers that host thousands of virtual machines in this environment. This additional virtual layer inside these environments and a large number of involved systems restrict lawful interceptions and network forensic investigations, which are performed to wiretap a suspicious system. There will not be visibility into inter-virtual machine traffic and its vulnerabilities. Hence, to improve the security in virtual networks, there is a rise in the adoption of virtualized lawful interception solutions.
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Lawful Interception Market Scope
Report Coverage
Details
Page number
120
Base year
2019
Forecast period
2020-2024
Growth momentum & CAGR
Accelerate at a CAGR of 24.61%
Market growth 2020-2024
USD 1.95 billion
Market structure
Fragmented
YoY growth (%)
24.25
Performing market contribution
North America at 36%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
AQSACOM Inc., Cisco Systems Inc., Incognito Software Systems Inc., Keysight Technologies Inc., NICE Ltd., SS8 Networks Inc., Telefonaktiebolaget LM Ericsson, Utimaco GmbH, Verint Systems Inc., and ZTE Corp.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Content
1 Executive Summary
2 Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market characteristics
2.2 Value chain analysis
Exhibit 03: Value chain analysis: Communications equipment
3 Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
7.7 South America - Market size and forecast 2020-2025
Exhibit 37: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 38: South America - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 39: Key leading countries
7.9 Market opportunity by geography
Exhibit 40: Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
Exhibit 41: Impact of drivers and challenges
8.3 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
Exhibit 42: Vendor landscape
9.3 Landscape disruption
Exhibit 43: Landscape disruption
Exhibit 44: Industry risks
10 Vendor Analysis
10.1 Vendors covered
Exhibit 45: Vendors covered
10.2 Market positioning of vendors
10.3 AQSACOM Inc.
Exhibit 47: AQSACOM Inc. - Overview
Exhibit 48: AQSACOM Inc. - Product and service
Exhibit 49: AQSACOM Inc. - Key offerings
10.4 Cisco Systems Inc.
Exhibit 50: Cisco Systems Inc. - Overview
Exhibit 51: Cisco Systems Inc. - Business segments
Exhibit 52: Cisco Systems Inc. - Key news
Exhibit 53: Cisco Systems Inc. - Key offerings
Exhibit 54: Cisco Systems Inc. - Segment focus
10.5 Incognito Software Systems Inc.
Exhibit 55: Incognito Software Systems Inc. - Overview
Exhibit 56: Incognito Software Systems Inc. - Product and service
Exhibit 57: Incognito Software Systems Inc. - Key offerings
10.6 Keysight Technologies Inc.
Exhibit 58: Keysight Technologies Inc. - Overview
Exhibit 59: Keysight Technologies Inc. - Business segments
Exhibit 60: Keysight Technologies Inc. - Key news
Exhibit 61: Keysight Technologies Inc. - Key offerings
Exhibit 62: Keysight Technologies Inc. - Segment focus
10.7 NICE Ltd.
Exhibit 63: NICE Ltd. - Overview
Exhibit 64: NICE Ltd. - Business segments
Exhibit 65: NICE Ltd. - Key news
Exhibit 66: NICE Ltd. - Key offerings
Exhibit 67: NICE Ltd. - Segment focus
10.8 SS8 Networks Inc.
Exhibit 68: SS8 Networks Inc. - Overview
Exhibit 69: SS8 Networks Inc. - Product and service
Exhibit 70: SS8 Networks Inc. - Key news
Exhibit 71: SS8 Networks Inc. - Key offerings
10.9 Telefonaktiebolaget LM Ericsson
Exhibit 72: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 73: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 74: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 75: Telefonaktiebolaget LM Ericsson - Segment focus
10.10 Utimaco GmbH
Exhibit 76: Utimaco GmbH - Overview
Exhibit 77: Utimaco GmbH - Product and service
Exhibit 78: Utimaco GmbH - Key offerings
10.11 Verint Systems Inc.
Exhibit 79: Verint Systems Inc. - Overview
Exhibit 80: Verint Systems Inc. - Business segments
Exhibit 81: Verint Systems Inc. - Key news
Exhibit 82: Verint Systems Inc. - Key offerings
Exhibit 83: Verint Systems Inc. - Segment focus
10.12 ZTE Corp.
Exhibit 84: ZTE Corp. - Overview
Exhibit 85: ZTE Corp. - Business segments
Exhibit 86: ZTE Corp. - Key news
Exhibit 87: ZTE Corp. - Key offerings
Exhibit 88: ZTE Corp. - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Currency conversion rates for US$
Exhibit 89: Currency conversion rates for US$
11.3 Research methodology
Exhibit 90: Research Methodology
Exhibit 91: Validation techniques employed for market sizing
Exhibit 92: Information sources
11.4 List of abbreviations
Exhibit 93: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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