Pune, May 23, 2023 (GLOBE NEWSWIRE) -- A global Information Technology & Telecommunication research and business consulting firm, Maximize Market Research, has published a market intelligence report on the “Lawful Interception Market”. The report is a combination of primary data and secondary data and domain experts have analyzed the Lawful Interception Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects the market to grow from USD 3.5 Bn in 2022 to USD 18.96 Bn in 2029 at a CAGR of 27.3 percent.
Lawful Interception Market Report Scope and Research Methodology
| Market Size in 2022 | USD 3.5 Bn. |
| Market Size in 2029 | USD 18.96 Bn. |
| CAGR | 27.3 percent (2023-2029) |
| Forecast Period | 2023-2029 |
| Base Year | 2022 |
| Number of Pages | 276 |
| No. of Tables | 116 |
| No. of Charts and Figures | 114 |
| Segment Covered | Component, Network, Network Technology, Communication Technology, Mediation Device, Interception, and End User |
| Regional Scope | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Report Coverage | Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis. |
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The report offers a quantitative analysis of the current drivers, restraints, trends, estimations, and opportunities in the Lawful Interception Market, providing insights into prevailing opportunities during the forecast period. PORTER's five forces analysis evaluates the profit-oriented strategic decisions and supplier-buyer networks of market participants. In-depth analysis, market size, and segmentation aid in determining the current market potential. The report provides a comprehensive analysis to stakeholders interested in investing in the global Lawful Interception Market, encompassing past and current market scenarios with forecasted size. It includes strategic profiling of key players, analyzing their core competencies, growth strategies, and market presence to guide investors. Mergers and acquisitions are among the strategies employed by players to expand market share and seize growth opportunities.
Lawful Interception Market Overview
As legally sanctioned official access to private communications, Lawful Interception (LI) is a security process in which a service provider or network operator collects and provides law enforcement officials with intercepted communications of private individuals or organizations. The collected data was analyzed using various statistical tools and techniques. The analysis includes both quantitative and qualitative analysis of the market, including market size, growth rate, market share, and market trends. The future growth of the Lawful Interception Market is predicted based on historical data and analysis of the current market trends and growth drivers. The report includes a detailed analysis of the competitive landscape of the Lawful Interception Market, including market share, competitive strategies, and product portfolio of the key players in the market.
Lawful Interception Market Dynamics
Rise in volume of data traffic: Traffic volume is a measure of the total work done by a resource or facility, normally over 24 hours, and is measured in units of erlang-hours. Traffic growth is driven by both the rising number of smartphone subscriptions and an increasing average data volume per subscription, fuelled primarily by increased viewing of video content.
Rising law and order violations: Violation of Law means a violation of City law relating to campaign finance, lobbying, campaign consulting, conflicts of interest, and governmental ethics as well as a material violation of any law, regulation, or order of any court, governmental body or administrative or other agency. Digital information and communication devices have taken business and people connectivity to the next level. As a flip side to these advances, criminals have taken to this platform to gain access to confidential information and conduct illegal activities online. Law enforcement and intelligence agencies worldwide are strengthening their security systems to counter these attacks and curb illegal activities taking place in their country, hence fostering the demand for lawful interception solutions.
Advances in communication channels: The Notable technological advancements in communication since the late 1800s include the telephone and related technologies like the answering machine and fax machine, the internet, and the cellular telephone. Mass communication also brought revolutionary changes, including movies, broadcast radio, and television, and tremendous advances in printing and photography. In places such as the US and Europe, government agencies circulate mandates on communications service providers to deliver communication content and data to law enforcement agencies and government authorities to aid in investigations. Advances in communication channels provide added opportunities to lawful interception vendors. They provide enhanced solutions capable of intercepting all possible emerging communication channels, thus ensuring safety.
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Lawful Interception Market Regional Insights
North America dominates the lawful interception market as the region possesses technologically advanced infrastructure, comprising well-established telecommunication network providers and internet service providers (ISPs), such as AT and T, Verizon, Comcast, and Charter Spectrum. Increasing incidences of cybercrime are subsequently surging the need for a lawful interception solution. Colossal growth of mobile subscribers to drive Asia-Pacific’s market growth. Asia-Pacific is projected to witness the fastest growth in the lawful interception market on the count of the rising number of mobile connections, terrorist attacks, and cyber crimes. As per the global terrorism index, Afghanistan ranked no.1 followed by Pakistan, India, and the Philippines. These factors are driving the demand for Law Interception Services in the country and are expected to boost the region’s Law Interception Industry. Also, the increased cybercrimes are propelling the growth of the region’s Lawful Interception Industry.
The Europe lawful interception market is primarily driven by the increasing exchange of information through open IP-based communication networks. This has resulted in the exposure of telecom networks to complex security threats. Apart from this, there has been a rise in the demand for lawful interception solutions to prosecute criminals and thwart potential terrorist acts. In addition, various countries in the European region are planning to utilize the opportunities offered by telecommunications systems to solve crimes. As a result, the European Commission is rapidly adopting lawful interception to monitor and decrypt digital and analog information. Besides this, the adoption of highly secured 5G technology with 256-bit encryption has increased the challenge for law enforcement authorities, which is further catalyzing market growth.
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Lawful Interception Market Segmentation
By Component:
- Solutions
- Services
- Professional Services
- Managed Services
Based on Component, The solution segment is expected to hold the largest revenue share in the Lawful Interception Market by 2029. The Lawful Interception Solutions discovers and explains contacts and identifies elements of trends and interest.
By Network:
- Fixed Network
- Mobile Network
By Network Technology:
- Digital Subscriber Line (DSL)
- Integrated Services for Digital Networks (ISDN)
- Long Term Evolution (LTE)
- Public Switch Telephone Network (PSTN)
- Voice Over Internet Protocol (VOIP)
- Wireless Local Area Network (WLAN)
- Worldwide Interoperability for Microwave Access (WiMAX)
By Communication Technology:
- Voice Communication
- Video
- Text Messaging
- Facsimile
- Digital Pictures
- File Transfer
By Mediation Device:
- Routers
- Switches
- Gateway
- Handover Interface
- Internet Access Point (IAP)
- Management Server
By Interception:
- Active Interception
- Passive Interception
- Hybrid Interception
By End-Use:
- Law Enforcement Agencies
- Government
Lawful Interception Market Key Competitors include:
- SIEMENS AG
- AQSACOM
- FireEye, Inc.
- INCOGNITO SOFTWARE
- CISCO SYSTEMS, INC.
- JSI Telecom
- Utimaco GmbH
- BAE SYSTEMS
- NICE Ltd.
- SS8 NETWORKS, INC.
- Vocal Technologies
- Verint
- Ericsson
- Elbit Systems
- Matison
- Shoghi
- Comint
- Signalogic
- IPS S.P.A.
- Tracepan
- Accuris Networks
- EVE Compliancy Solutions
- Squire Technologies
- GL Communications
- Netquest
- ETSI
- Atos
- Trovicor
AQSACOM, a worldwide leader in cyber intelligence software, was acquired by GENBAND. AQSACOM collaborates with the world's major telecommunications equipment vendors and integrators such as Juniper Networks, Cisco, Nokia, HP, Huawei, and Ericsson. The study aimed to assess the technical and economic viability of the project and identify potential opportunities for growth in the Lawful Interception Market.
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Key questions answered in Lawful Interception Market are:
- What is Lawful Interception Market?
- What was the Lawful Interception Market size in 2021?
- What is the expected Lawful Interception Market size during the forecast period?
- What are the global trends in Lawful Interception Market?
- What are the major restraints for Lawful Interception Market?
- Which segment dominated the Lawful Interception Market growth?
- What is the demand pattern for Lawful Interception Market?
- What growth strategies are the players considering to increase their presence in Lawful Interception Market?
- What are the upcoming industry applications and trends for Lawful Interception Market?
- Who are the leading companies and what are their portfolios in Lawful Interception Market?
- Which region dominates the largest market share in Lawful Interception Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application, and Industry Vertical
- Market Segmentation – A detailed analysis by Component, Network, Network Technology, Communication Technology, Mediation Device, Interception, and End User
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
