Lawful Interception Market Global Trends, Share, Industry Size, Growth, Opportunities, and Industry Forecast to 2027
Market Highlights
The data experts
at Market Research Future Reports have carried out a thorough research on the
global lawful interception market. As per the analysis, the global lawful
interception market is anticipated to flourish at a CAGR of 19.1% during the
review period. The augmenting digitalization is the major factor driving the
global lawful interception market 2020. Besides, the increasing ownership of
smartphones is estimated to further augment the market. In addition, the
increasing threats of terrorism are estimated to be another significant factor
leading to market expansion. Moreover, the developing and developed countries
are now encouraging the usage of 5G, which is likely to be a lucrative
opportunity for the industrialists. Furthermore, the rising number of
subversive activities is projected to expand the market significantly. However,
the data security concerns and the cross frontier regulatory frameworks are
projected to be the major elements in the market growth.
On the other
hand, the market dynamics are estimated to be affected significantly due to the
outbreak of COVID-19. The daily operations in various regions were put to a
halt which immensely affected the manufacturing cycle of the product. We will
provide COVID-19 impact analysis report.
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Market Segmentation
The worldwide
lawful interception market can be classified on the basis of network,
meditation device, component, type of interception, end-user, and region.
On the basis of
component, the worldwide lawful interception market can be classified into
solution and service.
On the basis of
the type of interception, the worldwide lawful interception market can be
classified into passive, active, and hybrid interception.
On the basis of
end-user, the worldwide lawful interception market can be classified into government
and law enforcement agencies.
On the basis of
region, the worldwide lawful interception market can be classified into North
America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Regional Analysis
A thorough
evaluation of North America, Europe, Asia-Pacific, the Middle East &
Africa, and South America has been carried out. The global lawful interception
market is predicted to exhibit a CAGR of 31.6% during the assessment period.
According to the research, the market is dominated by North America. North
America owns the maximum market share during the review period. The most
significant factor resulting in regional expansion is the establishment of the
renowned companies in the region. Among all nations in the region, the U.S. is
estimated to be the leading country and is anticipated to make the maximum
participation.the fast adoption of 5G, technically advanced, a large number of
mobile devices and the growing need from the law enforcement agencies and the
nation’s government are estimated to be the most significant factor resulting
in the market expansion.
On the other
hand, APAC is projected to be the fastest expanding market during the forecast
period. The increasing domestic networks of terrorism and the increasing
ownership of mobile phones are likely to play an important role in expanding
the regional market. Europe is anticipated to be the second-largest market
during the forecast period.
However, the
market mechanism has been affected significantly because of the outbreak of
coronavirus. Several regions halted their daily operations owing to the
observation of worldwide lockdown. The lockdown severely impacted production
and sales.
Key Players
The established
market competitors of the global lawful interception market are Ericsson
(Sweden), ATOS (France), Cisco Systems Inc. (U.S.), SS8 Networks Inc. (U.S.),
Verint (U.S.), Utimaco GmbH (Germany), IPS S.P.A (Italy), BAE Systems (U.K.),
Tracespan Communications (Israel), EVE Compliancy Solutions (Netherlands),
Accuris Networks (Ireland), Squire Technologies (Netherlands), Signalogic
(U.S.), Comint (India), and Elbit Systems (Israel).
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Lawful
Interception Market Research Report: By Component (Solution and Service
[Professional Service and Managed Service]), Network (Fixed Network and Mobile
Network), Mediation device (Routers, Switches, Gateways, Handover Interfaces,
Intercept Access Points and Management Servers), Type of Interception (Active
Interception, Passive Interception and Hybrid Interception), End-user (Law
Enforcement Agencies and Government), Region (North America, Europe, Asia-Pacific,
the Middle East & Africa and South America) - Forecast till 2025
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