U.S (New York) – New research study titled “Lawful Interception Market ” for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential. By leveraging accurate statistical research data provided by Report Ocean 2023 to 2031, your business can experience accelerated growth. This report also delves into PESTLE & SWOT analysis, Porter’s Five Forces Analysis, and provides crucial information including expenditure, costs, revenue, and end-users. With over 150+ pages, the document offers a comprehensive table of contents, 180+ figures, tables, charts, and insightful analysis.
The world lawful interception market is anticipated to generate $3,328.7 million in 2022, registering a CAGR of 23.3 % from 2016 to 2022. Lawful Interception (LI) is a security process in which a service provider or network operator collects and provides intercepted communications of individuals or organizations to law enforcement agencies. LI is used by law enforcement agencies (LEAs), regulatory or administrative agencies, and intelligence services to prevent crime, including fraud and terrorism. Recent developments in data-based communications have unveiled new channels for lawful interception.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The prominent strategies adopted by different companies in the LI market are product launch, agreement and partnership. These strategies have facilitated organizations to expand their product offerings and enhance their market reach. Renowned players, such as Verint Systems Inc., NICE Systems, Fire Eye, Inc., Cisco, BAE Systems and others, have been analyzed in this report to study their market growth and expansion strategies.
The expansion in networks and increased telecommunication activities promote lawful interception activities. Moreover, security threats to various nations, cyber-crimes and increasing concerns of terrorism are the key factors leading to the growth of the market. Prominent market players have adopted product launch, acquisition, partnerships and collaborations as their major developmental strategies to help expand their global reach, strengthen product portfolio, and market foothold. For instance, in September 2014 FireEye launched a threat analytics platform for the Amazon Web Service (AWS) customers to secure the information of customers.
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Government in various countries have focused on amendments in the existing laws on lawful interception. The selective focus of Law Enforcement Agencies (LEAs) is expected to lead to an upsurge in lawful interception activities. In addition, emerging markets, such as China, India and some African countries, would foster the growth of lawful interception market, owing to rising volumes of data traffic and security threats in these countries.
The global market is segmented based on solutions, network technologies, components, communication technologies, end users and geography. According to the network technology used for lawful interception, mobile voice telephony is the highest revenue generating technology and is projected to lead the market by 2020. The market is segmented on the basis of regions into North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific region is projected to be the fastest growing market with an impressive CAGR of 26.0% during 2016-2022 owing to the evolving network technologies and growing security concerns in the region.
KEY BENEFITS
The study provides an in-depth analysis of the global lawful interception market with current and future trends to elucidate the imminent investment pockets in the market
Current and future trends are outlined to determine the overall attractiveness of the market and single out profitable trends to gain a stronger foothold in the market
Quantitative analysis of the current market and forecast from 2016 to 2020 is provided to showcase the financial appetency of the market
Drivers and opportunities are evaluated to highlight the top factors responsible for market growth. Various segments are carefully evaluated to gauge the potential of the market
Porter’s Five Forces Model and SWOT analysis of the industry illustrate the potency of the buyers & suppliers participating in the market
LAWFUL INTERCEPTION MARKET KEY SEGMENTS:
The world lawful interception market is segmented on the basis of solutions, component, network technology, communication technology, end users and geography.
By Solution
Devices
Software
Services
By Component
Mediation Devices
Routers
Intercept Access Point (IAP)
Gateways
Switch
Handover Interface
Management Server
By Network Technology
Voice-Over-Internet Protocol (VoIP)
Long Term Evolution (LTE)
Wireless Local Area Network (WLAN)
Worldwide Interoperability for Microwave Access (WiMAX)
Digital Subscriber Line (DSL)
Public Switched Telephone Network (PSTN)
Integrated Services for Digital Network (ISDN)
Mobile Voice Telephony
Mobile Data Communication
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By Communication Technology
Voice Communication
Video
Text Messaging
Facsimile
Digital Pictures
Data downloads
File Transfer
By End User
Government (Government Departments & Statutory Bodies, LEAs)
Enterprises
By Geography
North America
Europe
Asia-Pacific
LAMEA
Market Dynamics:
Surging air traffic: As the global aviation industry continues to expand, there is a corresponding increase in market demand.
Heightened emphasis on safety and reliability: The aerospace and defense sector places significant importance on ensuring safety and reliability, which drives the need for top-notch market offerings.
Growing commitment to environmental sustainability: The aerospace and defense industry is increasingly dedicated to reducing its carbon footprint, resulting in the adoption of sustainable aviation fuels.
Escalating globalization: The growth of international trade and travel propels the demand for market solutions.
Increasing desire for private air transportation: The rising number of affluent individuals and their preference for exclusive air travel are generating fresh opportunities in the market.
Expanding utilization of digital fuel management systems: The integration of digital fuel management systems facilitates efficient fuel consumption and reduces associated costs.
Advancements in fuel cell technology: Ongoing developments in fuel cell technology unlock new possibilities for the production of sustainable market alternatives.
Mounting demand for air cargo transportation: The flourishing e-commerce sector fuels an increasing need for air cargo transportation, thereby driving the demand for market offerings.
Rising defense budgets: Governments worldwide are augmenting their defense spending, leading to heightened market demand.
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