Leveraging AI, machine learning and blockchain technology is critical to future growth

Global market for legal wiretapping

Dublin, Dec. 05, 2022 (GLOBE NEWSWIRE) — The “Lawful Interception Global Market Opportunities And Strategies To 2031” report has been added ResearchAndMarkets.com’s Offering.

The global market for legal wiretapping reached a value of nearly US$ 3,019.9 million in 2021, having increased at a compound annual growth rate (CAGR) of 17.4% since 2016. The market is expected to grow from US$ 3,019.9 million dollars 2021 to $8,198.1 million in 2026 at a rate of 22.1%. The market is then expected to grow at a CAGR of 22.6% from 2026 and reach USD 22,708.2 million in 2031.

The growth in the historical period was a result of the significant increase in criminal and terrorist activities, legal eavesdropping in the virtual environment, an increase in government initiatives, an increase in technological advances and an increase in investment. Factors that negatively affected growth in the historical period were strict government regulations, high R&D spending, data protection and security of intercepted data, and the coronavirus pandemic.

Going forward, increasing numbers of cybercrimes, an increase in the volume of data traffic and the introduction of next-generation networks will drive market growth. Factors that may hinder the growth of the legal wiretapping market in the future include IP networks that contradict legal wiretapping and the use of pirated cyber security solutions.

The legal wiretapping market is segmented by device into relay devices, routers, intercept access point (IAP), gateways, switches, management servers, others. The relay device market was the largest segment of the legal wiretapping market by device, accounting for 29.9% of the total market in 2021. The router market is expected to be the fastest growing segment of the legal wiretapping market equipment, going forward at a CAGR of 23.9% in the period 2021-2026.

North America was the largest region in the legal wiretapping market, accounting for 45.0% of the global market in 2021. It was followed by Western Europe, Asia Pacific, and the other regions. Going forward, the fastest growing regions of the legal wiretapping market will be Asia-Pacific and Middle East, where growth will be at CAGRs of 25.8% and 24.4%, respectively, from 2021-2026.

The largest opportunities in the legal wiretapping market, segmented by device, will occur in the relay devices segment, which will achieve $1,453.6 million in global annual sales by 2026. The largest opportunities in the legal wiretapping market, segmented by network technology, will occur in voice-over-Internet-Protocol (VoIP) segment, which will achieve $1,351.8 million in global annual revenue by 2026.

The largest opportunities in the legal wiretapping market segmented by communications content will occur in the voice communications segment, which will achieve $1,637.9 million in global annual sales by 2026. The largest opportunities in the legal wiretapping market segmented by end user will occur in the legal segment for enforcement agencies, which will achieve $3,083.7 million of the global annual revenue by 2026. The legal wiretapping market will gain the most in the United States with $1,900.9 million.

Market trend-based strategies for the legal wiretapping market include a focus on leveraging artificial intelligence (AI), machine learning and blockchain technologies, a focus on strategic partnerships and acquisitions, a focus on research and development, a focus on the implementation of 5G technology, and a focus on the implementation of data-based communication technology .

Strategies adopted by players in the legal wiretapping market include a focus on launching new products, a focus on strengthening business operations through strategic partnerships and a focus on expanding business operations through new partnerships and contracts.

scope
Markets covered:

• 1) By unit: Mediation units; routers; Intercept Access Point (IAP); Gateways; switches; management servers; Second

• 2) By network technology: Voice-Over-Internet Protocol (VOIP); Long Term Development (LTE); wireless local area network (WLAN); Worldwide Interoperability for Microwave Access (WIMAX); Digital Subscriber Line (DSL); Public Switched Telephone Network (PSTN); Integrated Services Digital Network (ISDN); Second

• 3) By communication content: speech communication; Videos; Text messages; Email; Data downloads; Facsimile; Digital images; File transfer

• 4) By end user: legal enforcement agencies; The authorities

Companies mentioned

• Cisco Systems

• BAE systems

• Ericsson

• Verint Systems Inc

• SS8 Networks, Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/he5pdh

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