Global Digital Forensics Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- The increasing adoption of IOT devices, rising cyber attacks & crimes and growing technological advancement in this field are anticipated to drive the growth of Global Digital Forensics Market.
Global Digital Forensics Market is valued at USD 4930.9 Million in 2020 and expected to reach USD 12957.4 Million by 2027 with the CAGR of 14.8% over the forecast period.
Digital forensics is a part of legal sciences where recovered proof found in PCs, tablets, cell phones and cloud services. Digital forensics examination helps to stop cyber-crimes or digital assaults and permits associations to do certain different operations. The key strategy followed to play out a forensic would be the examination, collection, and protection of the information. Digital forensics helps to accumulate both credibility and cash.
Digital forensics plays very important part in big business applications to resolve various issues like working with IT security and incident response to enable the human resource examinations and forensic investigation of digital services. It is a complex process that helps business associations to smooth out and simplify business assignments by recognizing issues and increment litigation, examinations, and regulatory availability. The digital forensics incorporate number of steps and affects different stages of an examination including data collection, data processing, review, hosting, production, email investigation, and social networking and timetable examination. It is signified as the field of science which researches and interprets electronic information. The motivation behind the technology is to analyze digital media to recuperate and examine the data found in digital media. It is normally used in both criminal law and examination. The examination includes securing of shows, revealing of the examination performed and investigation of the information recovered.
COVID-19 pandemic has shown a positive impact on the growth of global Digital forensics market. It has increased the need for digital forensics as businesses have rapidly shifted towards digital infrastructure with remote solutions. The COVID-19 pandemic has built and broken numerous significant chances for the organizations in the digital forensics market. The market is most likely to extend since people are doing work from home and are firmly depending on the digital forensics for the security of data. During COVID-19 pandemic, the growing adoption of the developing popularity of associated equipments, the IOT, across a few areas like retail & IT and BFSI, telecommunications, assembling, and medical services is supporting the market growth.
Global digital forensics market is segmented on the basis of component, type, and end-user and region & country level. On the basis of component, digital forensics market is classified as hardware, software and service. On the basis of type, the market is classified as mobile forensic, computer forensic, network forensic and other types. On the basis of end-user vertical, the digital forensics market is classified as government, BFSI, IT, telecom, healthcare and others.
The regions covered in global digital forensics market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of digital forensics market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global digital forensics market reports cover prominent players like IBM Corporation, Binary Intelligence LLC, Guidance Software Inc., Access Data Group LLC, Discovery Inc., Paraben Corporation, FireEye Inc., Log Rhythm Inc., Cisco Systems Inc., Oxygen Forensics Inc., MSAB Inc. and others.
One of the major factors driving the growth of global digital forensics market is growing adoption of IoT devices. IoT refers to interrelated devices that have omnipresent communication and association between them. For instance, according to the Internet of Things Forecast, in 2018, there were an estimated 22 billion internet of things (IoT) connected devices in utilize globally. In addition, rising cases of cyber crimes and security across industries are also supplementing the marker growth.
For instance; as indicated by the Internet Crime Complaint Center (ICC) and Federal Bureau of Investigation (FBI), in 2019, 16,503 instances of online data fraud were accounted for to the IC3. Furthermore, increasing number of technological advancements in this field are also fostering the growth of global digital forensics market. For instance; in March 2020, AccessData Group declared the most recent arrival of Quin-C. The new version conveys prebuilt work process choices for legitimate reviewers and forensics examiners, significant mobile data handling, survey and analysis capacities, and further developed viewer technology.
However, lack of technical expertise between digital investigators and the lack of accessibility of cloud forensic apparatus may hamper the market growth. In spite of that, increasing awareness regarding its benefits may offer more opportunities for the further growth of the global digital forensics market.
North America is expected to dominate the global digital forensics market during the forecast period due to the rising cases of cyber-attacks and security threats, and presence of key players in this region. For instance; as per the Federal Trade Commission, in 2019, around 271,823 identity fraud complaints recorded were because of credit card extortion in the United States. In December 2019, FireEye Inc. presented FireEye Cyber Physical Threat Intelligence. The new membership gives data, context, and actionable examination on threats to cyber physical system; including, industrial control systems (ICS), operational technology (OT), Internet of Things (IoT), and other hardware used to manage interconnected actual cycles. In May 2019, Oxygen Forensics dispatched Oxygen Forensic Detective 11.4, with enhancements to its Cloud Extractor, KeyScout, and JetEngine utilities, including the capacity to separate internet browser information from Windows PCs.
Asia Pacific is expected to witness a fastest growth in the global digital forensics market due to rising use of cloud environment for data storage and technological advancements. For instance; in January 2020, Cellebrite obtained BlackBag Technologies to grow Cellebrite's arrangement of computerized intelligence products.
Middle East and Africa
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|USD 4930.9 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|USD 12957.4 Million
|Tables, Charts & Figures:
|IBM Corporation, Binary Intelligence LLC, Guidance Software Inc., Access Data Group LLC, Discovery Inc., Paraben Corporation, FireEye Inc., Log Rhythm Inc., Cisco Systems Inc., Oxygen Forensics Inc., MSAB Inc. and others.
|By Component, By Type, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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