IMARC Group, a leading market research company, has recently released a report titled Lawful InterceptionMarket: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The study provides a detailed analysis of the industry, including the global lawful interception market research report, analysis, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global lawful interception market sizereached US$ 3.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.2 Billion by 2028, exhibiting a growth rate (CAGR) of 17.5% during 2023-2028.
Lawful interception is a security procedure involving a network operator collecting and providing law enforcement officials with intercepted communication of organizations or private individuals. It comprises data associated with signaling and network management information and content of communications. It is legally sanctioned access by the government to various forms of private communication, such as emails, video messages, direct messages, telephone calls, and voice records. It restricts terrorist activities and other criminal offenses by monitoring suspicious calls and messages. It analyzes various information from multiple sources that are suspected to be associated with unlawful activities. It also prevents fraudulent online activities, such as network breaches, stealing confidential information, hacking private networks, and extracting payment details. It aids government organizations in protecting national data and restricting the occurrence of legal disputes. Law interception is used by businesses and management systems to monitor calls between their employees and clients for maintaining the security of private information and business data. It also assists law authorities in collecting information for court cases and identifying networks of related criminals. As lawful interception enhances cyber security, it is widely utilized by law enforcement agencies, telecommunication providers, and small and medium enterprises (SMEs).
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The report has also examined the competitive landscape of global lawful interception market.
Some oflawful interception vendors are
- AQSACOM, Inc.,
- Cisco Systems, Inc.,
- Incognito Software Systems Inc.,
- Net Optics (Ixia),
- NetScout Systems, Inc.,
- Siemens Aktiengesellschaft,
- SS8 Networks, Inc.,
- Utimaco GmbH,
- Verint Systems Inc.,
- ZTE Corporation.
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Lawful Interception Market Trends
The rising demand for lawful interception in government organizations due to increasing fraudulent activities and cyber security breaches around the world represents one of the key factors driving the market. Besides this, the rapid digitalization of business activities to enhance productivity and automate tasks efficiently is positively influencing the market.
In addition, there is a rise in the occurrence of phishing activities on account of the increasing adoption of online services by individuals. This, coupled with the growing utilization of online payment applications to pay for services and products, is offering a favorable market outlook. Apart from this, governments of several countries are undertaking initiatives to reduce cyber-attacks and network breaches for protecting confidential information, which is propelling the growth of the market.
Additionally, the increasing demand for lawful interception by businesses to protect client information, payment data, and business records from hackers is strengthening the growth of the market. Moreover, the rising employment of smartphones to effortlessly call and connect with people, along with the increasing enhancement of network connectivity, is contributing to the growth of the market.
Furthermore, key market players are extensively investing in research and development (RD) activities to introduce improved features for strengthening the security of lawful interception.
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