Digital Forensics Market

Digital Forensics Market by Components (Services [Managed Services and Professional Services], Hardware, Software), Types (Mobile Forensics, Network Forensics, Cloud Forensics, and Computer Forensics), Tools (Data Recovery, Data Acquisition, and Preservation, Forensic Data Analysis, Review and Reporting, Forensic Decryption, and Others), End-user Verticals ( Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Government and Law Enforcement Agencies, Retail, Healthcare, and Government and Defense), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-1137
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 186
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The global digital forensics market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the various developments in conventional crime lab infrastructure, more entry in the business world, and an increase in cyber-attacks and crimes, digital forensics is becoming more widely used.
 

Digital Forensics Market Key Takeaways


Digital forensics is a field of forensic science concerned with the rescue and analysis of data found in digital devices in connection with cybercrime and computer crimes. It is essentially the process of locating and analyzing digital information. The primary purpose of the digital forensics method is to retain all evidence in its original state while conducting a systematic investigation involving the gathering, classification, and verification of digital data.

Collection of evidence, reporting of the inquiry, and interpretations of the findings gathered are all part of the investigation.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing use of the Internet of Things (IoT), and the usage of computers, smartphones, tablets, and other electronic devices are gadgets is projected to propel the market growth during the forecast period.
  • Hackers can acquire access to client information due to the extreme greater risk of malware and viruses is anticipated to spur the market expansion in the coming years.
  • Increasing demand for cloud technology, remote system monitoring, and data transfer via wireless devices is the main factor pushing the market growth during the forecast period.
  • Scarcity of skilled professionals and the increasing complexity of smartphones and other devices is estimated to hamper the market growth.
  • Rising investment in digital forensics technology and software, as well as a decrease in the cost of forensic instruments, possess as the main factor that can impede the market expansion.
  • Growing use of cryptocurrency and greater acceptance of digital forensic services in highly regulated business verticals are projected to create lucrative opportunities for the market players.

Scope of the Report

The report on the global digital forensics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Digital Forensics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Components (Services [Managed Services and Professional Services], Hardware, Software), Types (Mobile Forensics, Network Forensics, Cloud Forensics, and Computer Forensics), Tools (Data Recovery, Data Acquisition and Preservation, Forensic Data Analysis, Review and Reporting, Forensic Decryption, and Others), and End-user Verticals (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, and Government and Law Enforcement Agencies, Retail, Healthcare, and Government and Defense)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

MSAB Inc.; Oxygen Forensics Inc.; Cisco Systems Inc.; LogRhythm Inc.; FireEye Inc.; Paraben Corporation; KLDiscovery Inc.; AccessData Group LLC; Guidance Software Inc.; Binary Intelligence LLC; and IBM Corporation

 

Market Segment Insights

Services segment is projected to hold a large market share
Based on components, the global digital forensics market is segregated into services [managed services and professional services], hardware, software. The services segment is expected to represent a key share of the market in the coming years owing to digital forensic services complement the use of digital forensic hardware and software by streamlining the detection and analysis of vital data. Furthermore, digital forensics services are costly and generally provided by large organizations including KPMG, PwC, and others. As a result, skilled personnel, licenses, and training account for the majority of the costs.

The services segment is further divided into managed services and professional services.

Network Forensics segment is expected to grow at a robust pace
On the basis of types, the market is segmented into mobile forensics, network forensics, and computer forensics. The network forensics segment is expected to hold a key share of the market during the forecast period since wireless communication devices are useful for delivering mobile network access to users, they are nonetheless prone to data transmission theft. To establish the origin of information security assaults, network forensics entails capturing, recording, and analyzing network packets.
Wired Equivalent Privacy (WEP) and Wi-Fi Protected Access (WAP) are examples of security techniques that are not capable of delivering assured safety in wireless technology. As a result, network forensics is becoming more popular in a variety of enterprises.

Forensic data analysis segment is projected to account for a major market share
Based on tools, the market is segregated into data recovery, data acquisition and preservation, forensic data analysis, review and reporting, forensic decryption, and others. The forensic data analysis segment is expected to account for a key share of the market in the coming years owing to its ability to deliver ideas and analytical skills that aid in making better business decisions and driving organizational change. Furthermore, as the incidence of financial crimes rises, so does the necessity to examine and keep a record of firm data. Forensic data analysis also aids in tracking every misbehavior or misconduct that is occurring and putting a stop to it before it grows bigger and becomes a threat to the firm.
 

Digital Forensics Market by Tools


Government and defense segment is anticipated to register at a substantial CAGR
In terms of end-user verticals, the global digital forensics market is divided into BFSI, IT and telecom, government and law enforcement agencies, retail, healthcare, and government and defense. The government and defense segment is expected to constitute a key share of the market in the coming years owing to the highly secret data stored, transit, and use, the industry is extremely vulnerable to hacking as well as other personnel misbehavior. As a result, ensuring data integrity and availability to the relevant people becomes a necessity and a major concern for the industry. A loss of data and thefts are linked to global defense, significant investment is made in various hardware, software, and services, contributing to its leading position among other verticals.

North America is expected to dominate the market
On the basis of regions, the global digital forensics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market at an impressive CAGR during the forecast period. The regional market growth can be attributed to a number of significant players in the field of digital forensics. For simplifying work operations, the majority of firms in the region have implemented cloud technology. Furthermore, the rising adoption of mobile devices for business continuity, including cellphones, laptops, and USBs, has increased the incidence of cyber-attacks in this region. The broad adoption of data regulatory requirements by all businesses, as well as the quick response of the cloud, are expected to spur the North American digital forensics industry forward.
 

Digital Forensics Market by Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Digital Forensics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Digital Forensics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Digital Forensics Market - Supply Chain
  4.5. Global Digital Forensics Market Forecast
     4.5.1. Digital Forensics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Digital Forensics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Digital Forensics Market Absolute $ Opportunity
5. Global Digital Forensics Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Digital Forensics Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Digital Forensics Demand Share Forecast, 2019-2026
6. North America Digital Forensics Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Digital Forensics Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Digital Forensics Demand Share Forecast, 2019-2026
7. Latin America Digital Forensics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Digital Forensics Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Digital Forensics Demand Share Forecast, 2019-2026
8. Europe Digital Forensics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Digital Forensics Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Digital Forensics Demand Share Forecast, 2019-2026
9. Asia Pacific Digital Forensics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Digital Forensics Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Digital Forensics Demand Share Forecast, 2019-2026
10. Middle East & Africa Digital Forensics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Digital Forensics Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Digital Forensics Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Digital Forensics Market: Market Share Analysis
  11.2. Digital Forensics Distributors and Customers
  11.3. Digital Forensics Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. MSAB Inc.
     11.4.2. Oxygen Forensics Inc.
     11.4.3. Cisco Systems Inc.
     11.4.4. LogRhythm Inc.
     11.4.5. FireEye Inc.

Segments Covered in the Report
The global digital forensics market has been segmented based on

Components

  • Services
    • Managed Services
    • Professional Services
  • Hardware
  • Software

Types

  • Mobile Forensics
  • Network Forensics
  • Cloud Forensics
  • Computer Forensics

Tools

  • Data Recovery
  • Data Acquisition and Preservation
  • Forensic Data Analysis
  • Review and Reporting
  • Forensic Decryption
  • Others

End-user Verticals

  • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecom
  • Government and Law Enforcement Agencies
  • Retail
  • Healthcare
  • Government and Defense

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • MSAB Inc.
  • Oxygen Forensics Inc.
  • Cisco Systems Inc.
  • LogRhythm Inc.
  • FireEye Inc.
  • Paraben Corporation
  • KLDiscovery Inc.
  • AccessData Group LLC
  • Guidance Software Inc.
  • Binary Intelligence LLC
  • IBM Corporation

Key players competing in the global digital forensics market include MSAB Inc.; Oxygen Forensics Inc.; Cisco Systems Inc.; LogRhythm Inc.; FireEye Inc.; Paraben Corporation; KLDiscovery Inc.; AccessData Group LLC; Guidance Software Inc.; Binary Intelligence LLC; and IBM Corporation. Some of these players are adopting several market strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to increase their market shares.
 

Digital Forensics Market by Key Players

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