The global lawful interception market is anticipated to secure a market value worth US$ 12.9 Billion while recording a CAGR of 14.8% during the 2022-2032 forecast period.
The global lawful interception market is anticipated to secure a market value worth US$ 12.9 Billion while recording a CAGR of 14.8% during the 2022-2032 forecast period, according to a recently published Future Market Insights report. The market is anticipated to reach a US$ 3.2 Billion in 2022. Increasing cases of cybercrimes and the rapid digitalization of firms are anticipated to play a vital role in developing the market in the forecast period.
As per the FBI, U.S citizens lost more than US$ 6.9 Billion to internet crimes in 2021, a jump of more than US$ 2 Billion from 2020. In addition, deployment of 5G networks is gaining significant traction, which is likely to increase cyber-attacks scope across the globe. 5G networks are likely to cover one-third of the globe’s population and also account for approximately 1.2 billion connections by 2025. This is expected to influence the market positively in the forecast period.
Also, the implementation of favorable laws for lawful interception by several governments is expected to augment the market size. Communications Assistance for Law Enforcement Act (CALEA) is one of the laws that features LI standards in the United States.
Get a Sample Copy of Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-14989
Further, The European Telecommunication Standards Institute (ETSI) and the Third Generation Partnership Project (3GPP) have led the way in standardization. Moreover, with increasing international cooperation between various nations, the market is likely to strengthen. European countries such as New Zealand, Canada, Australia, Canada, and the U.S have played a significant role in strengthening the LI standards.
The surging demand for data-based communication and mobile phone tracking systems to aid security agencies in safeguarding and maintaining consumer interest is another vital cause that is expected to provide avenues of expansion to the market in the forecast period. FamiSafe, Glympse, uMobix, mSpy, and Cocospy are some of the known mobile tracker apps. On the contrary, the intercepted content breaches individuals’ right to privacy and raises ethical concerns, which is likely to inhibit the market growth in the forecast period.
Key Takeaways from the Market Study
“Increasing cyberattacks and rising initiatives, especially by developing countries, to strengthen cybersecurity, are likely to favor market growth in the future,” remarks an FMI analyst.
Ask for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-14989
Competitive Analysis
Key players in the global lawful interception market include VOCAL Technologies Ltd, Utimaco, Aqsacom Incorporated, BAE Systems plc, and Verint Systems. Notable developments in the market are as follows
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global lawful interception market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Ask an Analyst for More Details @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-14989
Key Segments Profiled In The Lawful Interception Market Study
Lawful Interception Market by Component:
Lawful Interception Market by Network:
Lawful Interception Market by Network Technology:
Lawful Interception Market by Communication Content:
Lawful Interception Market by Mediation Device:
Lawful Interception Market by Type of Interception:
Lawful Interception Market by End User:
Lawful Interception Market by Region:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Mar 28, 2023