Registering at 24.7% CAGR | The Lawful Interception Market Share Reach USD 29.9 Billion by 2031 Globally

Increase in demand for monitoring, tracking data of players, surge in demand for chatbots& virtual assistants to interact with followers boost the market growth

PORTLAND, PORTLAND, OR, UNITED STATE, July 16, 2024 /EINPresswire.com/ -- According to the report published by Allied Market Research, Registering at 22.6% CAGR | The Lawful Interception Market Share Reach USD 6.82 Billion by 2026 Globally. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

The global lawful interception market was valued at USD 3.4 billion in 2021, and is projected to reach USD 29.9 billion by 2031, growing at a CAGR of 24.7% from 2022 to 2031.

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Increase in number of criminal activities, surge in interception warrants, and rise in volume of data traffic and security threats drive the growth of the global lawful interception market. Advancements in network technologies and prominence popularity of social media communications create new opportunities in coming years.

The global lawful interception market is segmented into solution, network technology, communication technology, end user, and region. Depending on solution, the market is segmented into devices, software, and services. On the basis of network technology, the market is fragmented into VoIP, WLAN, WiMAX, DSL, PSTN, ISDN, mobile voice telephony, mobile data, and others. By communication technology, it is segregated into voice communication, video, text messaging, facsimile, digital pictures, data downloads, and file transfer. As per end user, it is classified into government and enterprises. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Based on communication content, the voice communication segment held nearly one-third of the global lawful interception market in terms of revenue in 2018, and is projected to maintain its lead status by 2026. This is due to the creation of new technologies and presence of communication platforms by law enforcement agencies. Contrarily, the video segment is expected to portray the largest CAGR of 26.1% from 2019 to 2026, owing to emergence of 3G, 4G, and LTE wireless communications along with rise in number of smartphone users.

Based on network technology, the long-term evolution (LTE) segment is estimated to portray the highest CAGR of 28.4% from 2019 to 2026, owing to high-speed voice and data communication. However, the mobile voice telephony segment accounted for the largest market share in 2018, holding nearly one-fourth of the global lawful interception market, and is estimated to contribute its highest contribution during the forecast period. This is attributed to availability of high-speed internet technologies and utilization of conventional non-data voice calls.

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Based on region, North America contributed to more than one-third of the global lawful interception market share in 2018, and is estimated to maintain its dominance throughout the forecast period. This is attributed to rise in the criminal and terrorist activities with extensive usage of internet. However, Asia-Pacific is expected to contribute to the highest CAGR of 24.5% from 2019 to 2026, owing to surge in adoption of efficient telecommunication technologies in various countries including Korea, Japan, and China.

The key players profiled in the lawful interception market analysis are AQSACOM Innovating Intelligence, BAE Systems, Cisco Systems, Inc., Fire Eye, Incognito software system Inc., JSI Telecom, NICE Systems, SS8 Incorporation, Siemens AG, and Utimaco GmbH. These players have adopted various strategies to increase their market penetration and strengthen their position in the lawful interception industry.

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Key Findings of the Study:

● By solution, the devices segment accounted for the largest lawful interception market share in 2021.

● Region wise, North America generated highest revenue in lawful interception market forecast from 2021-2031.

● On the basis of network technology, the mobile voice telephony generated the highest revenue in 2021.

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Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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