Lawful Interception Market Forecast, Trend Analysis & Competition Tracking - Global Review 2020 to 2024 - Technavio
The lawful interception market is expected to grow by USD 1.95 billion, progressing at a CAGR of about 25% during the forecast period.
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Technavio has announced its latest market research report titled Global Lawful Interception Market 2020-2024 (Graphic: Business Wire)
The increasing vulnerability to crime and terrorism is one of the major factors propelling market growth.
Lawful Interception Market: Application Landscape
Lawful interception services can serve several different networks and law enforcement agencies simultaneously and enable various deployment models of the lawful interception system. Lawful interception services are expected to witness significant demand during the forecast period because of their low cost and high adoption among developed regions of North America and Europe. However, market growth in this segment will be slower than the growth of the market in the communication content segment.
Lawful Interception Market: Geographic Landscape
North America was the largest lawful interception market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rise in the number of criminal activities will significantly influence lawful interception market growth in this region. Over 28% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for lawful interception in North America. Market growth in this region will be faster than the growth of the market in South America.
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Key Topics Covered:
Five Forces Analysis
Market Segmentation by Application
Drivers, Challenges, and Trends
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