The lawful interception services that are predominantly utilized by law enforcement agencies, government & public affairs, and small & medium enterprises are perpetually witnessing growth and transition due to the increasing demand for security against organized crimes such as terrorism, fraud, and others, because these services can wiretap communication data and identify suspicious activities.The transforming technology is also leading to a disruption in the lawful interception market, which is reflected in the latest innovations by the key players. For instance, in January 2019, SS8 Networks – a key player in the [FURL=https://www.industryarc.com/PressRelease/1973/Lawful-Interception-Market-Research.html]Lawful Interception Market[/FURL], provided new and innovative capabilities for the Japan NPA lawful interception requirement that will provide full compliance to the new Japan Handover Interface standard.Innovations and emerging opportunities for the industry players are creating an upsurge in the lawful interception market size that was evaluated at $1.433 billion as of 2018. Furthermore, the increasing threat against crime and requirement to ameliorate the same is envisioned to enhance the demand for lawful interception services at an impressive CAGR of 22.9% during the forecast period 2019-2025.
Lawful Interception Market Revenues Augmented As Concerns Regarding Cyber Crime Increase –
There is an increasing concerns pertaining to cybercrime, and it is quite evident when the cyber security market is growing rapidly. According to Interpol, there was a massive 132% rise in cybercrimes between 2013 and 2015. Furthermore, an average of $2.7 million losses from business and $420,000 losses from individuals were reported during the period. The rising data traffic is making the world susceptible of more cybercrime, which is creating a need for surveillance of electronic devices, and therefore, it has a subsequent impact on the lawful interception market. For cybersecurity reasons, even small & media enterprises are utilizing lawful interception services, which is further flourishing the lawful interception market.
Browse Lawful Interception Market Report Link:
[FURL]https://www.industryarc.com/Research/Lawful-Interception-Market-Research-500821[/FURL]
Machine Learning to Cause Disruption in the Lawful Interception Market –
In the era of cloud, 5G, and data analytics; machine learning has become an imperative technological transformation. Cybersecurity is facing an immense challenge of monitoring an overwhelming amount of data, and therefore, the traditional lawful interception technology will not be sufficient in the upcoming years.
Lawful Interception Market – Competitive Landscape:
The major players in the lawful interception market striving to innovate and provide better solutions to the end-users are Verint Systems, Inc., NICE Systems Limited, FireEye, Inc., Cisco Systems, Inc., Aqsacom, Inc., Incognito Software, Net Optics, NETSCOUT Systems, Inc., Siemens AG, SS8, Utimaco GmbH, ZTE Corporation, BAE Systems plc, and others.
Talk to one of our sales representative about the full report by providing your details in the link below:
[FURL]https://www.industryarc.com/support.php?id=500821[/FURL]
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.