lawful interception market Size, Type, Demand, End user, Investment Opportunity, Top Company, Drivers, Trend, Growth and Forecasts
lawful interception market
Market Research Future (MRFR) presumes the globallawful interception market to register a CAGR of 19.1% from 2018 to 2025 (forecast period).
Several Factors Contributing to Market Growth
Analytic tools used to identify the strength and direction of relationships between objects in a graph are known as lawful interception solutions. Lawful interception is a sort of network analysis that is becoming more popular for analytics workloads and social network influencer analysis. This software is used by marketing managers to find possible targets for marketing efforts by attempting to induce chain reactions among social network groups to purchase products and services. It's also utilized to detect financial crimes like money laundering. It is also used to detect fraudulent transactions and types of Interceptions in banking, benefits fraud in government, types of Interceptions and claims fraud in insurance, and other fraudulent activities in telecommunications. These tools are used to prevent crime and combat terrorism.
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The proliferation of mobile devices, combined with increasing digitalization, has given rise to advanced cyberattacks. This is a major driving force in the global growth of the lawful interception market. In addition, the growing number of subversive operations and terrorism are driving up the demand for lawful interception solutions. The increasing deployment of 5G networks in all developed and developing economies represents a market opportunity for market players.
The global lawful interception industry has been segmented based on component, network, mediation device, type of interception, and end-user.
By component, the worldwide lawful interception market has been segmented into solution and service. The service segment has further been split into consulting, system integration, and support and maintenance.
By network, the worldwide lawful interception market has been segmented into fixed network and mobile network.
Based on mediation device, the worldwide lawful interception market has been segmented into handover interfaces, routers, switches, gateways, intercept access points, and management servers.
Based on the type of interception, the worldwide lawful interception market has been divided into active, passive, and hybrid interception.
Based on end user, the worldwide lawful interception market has been divided into law enforcement agencies and government.
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North America to Dominate the Global Market
North America has the biggest market share since its companies have been at the forefront of technological innovation globally. Due to the strong adoption of digital transformation, the use of modern technologies, 5G adoption, the vast number of mobile devices, and the expanding needs of the country's law enforcement agencies and government, the United States dominates the market in North America.
The key players in the worldwide lawful interception market are recognized based on their country oforigin, presence across different regions, recent main developments, product diversification, and industry expertise. These include SS8 Networks Inc. (US), Cisco Systems Inc. (US), Ericsson (Sweden), ATOS (France), Verint (US), Utimaco GmbH (Germany), IPS S.P.A (Italy), Tracespan Communications (Israel), Squire Technologies (Netherlands), Accuris Networks (Ireland), EVE Compliancy Solutions (Netherlands), Elbit Systems (Israel), BAE Systems (UK), Signalogic (US), and Comint (India). The main strategies adopted by most of the participants are partnerships, agreements, and collaborations.
The other players in the worldwide lawful interception market include Aqsacom (France), Trovicor Networks (UAE), Matison (Croatia), Shoghi Communications (India), and Vocal Technologies (US).
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