According to a recently released Future Market Insights study, the global market for lawful interceptions market is predicted to reach US$ 12.9 billion while registering a CAGR of 14.8% between 2022 and 2032. In 2022, the market is projected to reach US$ 3.2 billion. The increased digitalization of businesses and rising cybercrime incidents are expected to have a major impact on the market’s growth throughout the forecast period.
The FBI estimates that cybercrimes cost American residents more than $6.9 billion in 2021, an increase of more than $2 billion from 2020. Additionally, the rollout of 5G networks is making substantial progress, which is likely to broaden the scope of cyberattacks around the world. By 2025, 5G networks are anticipated to connect 1.2 billion people, or around one-third of the world’s population. During the projected period, this is anticipated to have a favorable impact on the market.
Additionally, it is anticipated that the market size will increase as more governments establish favorable regulations for legal interceptions. One of the laws in the United States that includes LI requirements is the Communications Assistance for Law Enforcement Act (CALEA).
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Additionally, the Third Generation Partnership Project (3GPP) and the European Telecommunication Standards Institute (ETSI) have taken the lead in standardization. Additionally, the industry is projected to get stronger as international cooperation between various countries increases. The United States, Canada, Australia, New Zealand, and other European nations have all contributed significantly to the improvement of the LI standards.
Another important factor that is anticipated to open up new opportunities for market growth throughout the projected period is the rising demand for data-based communication and mobile phone tracking systems to assist security authorities in protecting and sustaining consumer interest. Some well-known mobile tracker apps are FamiSafe, Glympse, uMobix, mSpy, and Cocospy. Contrarily, the collected content violates people’s right to privacy and creates moral questions.
Key Takeaways from the Market Study
- Global lawful interception market to surge 4x from 2022-2032
- By component, lawful enforcement solutions to expand at a CAGR of 14.6% during the forecast period.
- Fixed network lawful interception is expected to dominate, rising at a CAGR of 14.1%
- US is projected to garner US$ 4.4 Billion in market value by 2032, reflecting a 14.2% CAGR
- China to be an opportunistic investment hub across Asia, reaching US$ 904.7 Million by 2032
- Japan is anticipated to grow at a CAGR of 13.3% during the forecast period
“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.
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
- In June 2022, Utimaco announced that it had successfully closed the investment round with SGT Capital, its new owner. SGT Capital’s ownership of Utimaco has obtained all mandated regulatory approvals, such as Committee on Foreign Investment in the United States (CFIUS), Energy and Industrial Strategy, the United Kingdom’s Department for Business, and Germany’s Federal Ministry for Economic Affairs and Climate Protection.
- In May 2022, BAE Systems received a contract worth US$ 24 Million from the U.S Defense Advanced Research Projects Agency (DARPA) to develop software that independently configures tactical networks for mission-critical communications as part of the Mission-Integrated Network Control (MNIC) program. MNIC aims to demonstrate an integrated system that offers a secure path for communication to assist multi-domain operations.
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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.
Key Segments Profiled In The Lawful Interception Market Study
Lawful Interception Market by Component:
- Lawful Interception in Solutions
- Lawful Interception in Services
- Lawful Interception in Professional Services
- Lawful Interception in Managed Services
Lawful Interception Market by Network:
- Fixed Network Lawful Interception
- Mobile Network Lawful Interception
Lawful Interception Market by Network Technology:
- Digital Subscriber Line (DSL) Lawful Interception
- Integrated Services for Digital Networks (ISDN) Lawful Interception
- Long Term Evolution (LTE) Lawful Interception
- Public Switch Telephone Network (PSTN) Lawful Interception
- Voice over Internet Protocol (VOIP) Lawful Interception
- Wireless Local Area Network (WLAN) Lawful Interception
- Worldwide Interoperability for Microwave Access Lawful Interception
Lawful Interception Market by Communication Content:
- Lawful Interception of Voice Communication
- Lawful Interception of Video
- Lawful Interception of Text Messaging
- Lawful Interception of Facsimile
- Lawful Interception of Digital Pictures
- Lawful Interception of File Transfers
Lawful Interception Market by Mediation Device:
- Lawful Interception Routers
- Lawful Interception Switches
- Lawful Interception Gateway
- Lawful Interception Handover Interface
- Lawful Interception Intercept Access Point (IAP)
- Lawful Interception Management Server
Lawful Interception Market by Type of Interception:
- Active Lawful Interception
- Passive Lawful Interception
- Hybrid Lawful Interception
Lawful Interception Market by End User:
- Lawful Interception by Lawful Enforcement Agencies
- Lawful Interception by Government
Lawful Interception Market by Region:
- Lawful Interception Market in North America
- Lawful Interception Market in Europe
- Lawful Interception Market in Asia Pacific
- Lawful Interception Market in the Middle East and Africa
- Lawful Interception Market in Latin America
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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