The lawful interception market size is projected to grow from USD 3.6 billion in 2020 to USD 8.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7%
Wednesday, April 1, 2020
NEW YORK, March 24, 2020 /PRNewswire/ -- The growth of the lawful interception market can be attributed to the increasing instances of cybercrimes and terrorism.
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The lawful interception market size is projected to grow from USD 3.6 billion in 2020 to USD 8.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7% during the forecast period. The major factors driving the growth of the lawful interception market include the gorwing penetration of smart devices, increasing number of cyber crime, counter terrorism initiatives adopted by the government, and rising need to gain national intelligence by fedral agencies. The growing security and privacy concerns of the intercepted data is one of the reatraints of the lawful Interception market.
Solution segment to lead the lawful Interception market during the forecast period
Lawful intercepotion solution provides offer solutions for both fixed and mobile networks to help telecom operators and Internet Service Providers (ISPs) fulfill their legal obligations to intercept calls and data while maintaining maximum privacy protection. The entire intelligence cycle starts from collection, processing, analysis, and visualization provided to the Law Enforcement Agencies (LEAs), intelligence organizations and Signal Intelligence (SIGINT) agencies with the full spectrum intelligence capabilities.
Mobile network segment to lead the market during the forecast period
With the growing technological advancements in the 5G network, more and more network operators are announcing trials for commercial 5G deployments, thereby increasing the revenue share of the mobile network segment.Mobile networks integrate with most of the leading vendors in the lawful interception market.
Leading vendors in the lawful interception market are working closely with leading network vendors and Mobile Network Operator (MNOs) for the preparation of 5G lawful interception. These factors are expected to drive the growth of the mobile network segment in the market.
Law enforcement agencies to grow at a higher CAGR during the forecast period
The local Law Enforcement Agencies (LEAs) comprise of agencies, such as the police and sheriff departments whereas, the state agencies include the state or highway patrol.LEAs gain information from lawful interception to provide law enforcement or criminal intelligence, homeland security which is also known as "all-hazards"--intelligence, and national security intelligence.
LEAs across countries worldwide intercept the communications data of suspected criminals in relation to serious crimes, terrorism, cybercrimes, and organized crimes. Telecom providers handover the real-time communication data or retained data to the intelligence agencies or LEAs under the provision of a warrant.
Asia Pacific to lead the market during the forecast period
Major economies in Asia Pacific (APAC) include China, India,and Japan.The proliferation of smart devices, broadband, and internet connectivity, which is augmented by the emergence of advanced technologies, such as 5G actuate the cases of cybercrimes and use of social networks to prevail subversive activities and terrorism in the APAC countries.
These reasons drive the lawful interception market forward in the APAC region.
-- By Company Type: Tier 1 - 62%, Tier 2 - 23%, and Tier 3 - 15%
-- By Designation: C-level - 38%, Directors - 30%, and Others - 32%
-- By Region: North America - 40%, Europe - 15%, APAC - 35%, MEA - 5%, Latin America- 5%.
Some prominent players across all service types profiled in the study include Utimaco GmbH (Germany), Vocal Technologies (US), AQSACOM, Inc. (France), Verint (US), BAE Systems (UK), Cisco Systems (US), Ericsson (Sweden), Atos (France), SS8 Networks, Inc. (US), Trovicor Networks (UAE), Matison (Croatia), Shoghi Communications Ltd (India), Comint Systems and Solutions Pvt Ltd. (India), Signalogic (US), IPS S.P.A (Rome), Tracespan Communications (Israel), Accuris Networks Inc. (Ireland), EVE Compliancy Solutions (Netherlands), Squire Technologies Ltd. (Netherlands).
Research coverage
The market study covers the lawful interception market across different segments.It aims at estimating the market size and the growth potential of this market across different segments, such as by component (solution and services), by service (professional services and managed services), by network (fixed network and mobile network), by mediation device (routers, switches gateway, Handover Interface {HI}, Intercept Access Point {IAP} and management server), by interception type (active, passive and hybrid), and by end user (government and LEAs).
The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report is expected to help the market leaders/new entrants in this market by providing them information on the closest approximations of the revenue numbers for the overall lawful interception market and its segments.This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and to plan suitable go-to-market strategies.
The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
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