All updated as on -
In 2023, the worldwide Digital Forensics Market is expected to be worth $9.29 billion. It is predicted to increase at a Compound Annual Growth Rate (CAGR) of 13.9% in between 2023-2030. By 2030, the estimated revenue of $1.8 billion will have grown to $18.2 billion. The base year considered for calculation is 2022 and the historical data covers from 2023 to 2030.
The surge in cybercrimes has raised digital forensics to a crucial position in law enforcement and security. In light of its expanding importance, computer forensics has broadened its scope to include all digital data storage devices. With the proliferation of digital gadgets, old-school methods of investigation are unable to deal with the sophisticated strategies used by cybercriminals nowadays. Digital forensics excels in identifying and prosecuting malevolent actors, exposing criminal intent, and aiding in civil dispute resolutions. Expertise in managing a wide variety of devices and understanding of the subtleties of the law are both becoming increasingly important as IoT and BYOD become more commonplace. Also, the rising use of remote devices has led to a rise in the need for digital forensics, which is driving both investigations and data security solutions, making it a crucial part of comprehending and fortifying against cyber threats. Therefore, demand for digital forensics services keeps expanding rapidly.
Increasing cyber-security threats, rapid digital transformations in many different industries, an explosion in mobile digital services, and a huge need to quickly recover assets and find security breaches are all driving forces in the expansion of the digital forensics market. However, increasing anti-forensic methods coupled with legal challenges restrain market growth.
A new wave of misconducts, such as cyber-attacks that threaten corporate data security, is predicted to be spawned by the introduction of IoT paradigms, especially in industries. The issues in digital forensics are increased by the growing use of anti-forensic techniques. Law-makers and digital forensic professionals are seeking to explore digital activity, frequently hidden in a large database. There has been a global necessity for highly-skilled people who can repair and catapult digital errors and mishaps. Training programs in digital forensics are being organized in a number of countries.
The proliferation of IoT devices and remote workstations has greatly increased the number of possible targets for cyberattacks. To better understand and counteract these new threats, digital forensics is now more important than ever. There has been a rise in demand for digital forensics services and solutions due to the increasing frequency with which security breaches and other suspicious actions involving distant devices must be monitored and investigated. Additionally, corporations have been compelled to invest extensively in comprehensive data security solutions due to the rising awareness of data breaches and constant assaults. However, despite preventive steps, security incidents remain. Analyzing these instances, finding weaknesses, and offering useful insights to strengthen data security have made digital forensics an absolute necessity. This demand for data protection solutions and the crucial function of digital forensics in analyzing security breaches adds to the continuous expansion of the digital forensics industry.
The high prices connected to digital forensics equipment and services offer a significant barrier in the sector. Both government agencies and commercial businesses are feeling the pinch from rising costs, making it harder to invest in cutting-edge forensics technology and train staff to use it properly. Ongoing technology improvements can drive increasing prices due to the requirement for continual updates and training. As a result, smaller agencies and organizations will have a harder time keeping up with the costs of operation. Innovative solutions, such as open-source tools and collaborative activities, are urgently needed to solve this financial barrier and keep digital forensics affordable for all.
Cybercriminals now have more opportunities to gain access to client data due to the proliferation of cloud services and IoT-enabled devices. The proliferation of malware and viruses has made it simpler for cybercriminals to steal sensitive customer information. Hackers can quickly gain access to sensitive information such as emails, SMS, and financial transactions from customers due to the widespread use of electronic devices and the internet. Due to these factors, inquiries into financial crime and cyber-attacks are projected to boost the need for digital forensics. The primary objectives of digital forensics are the collection of electronic evidence, the analysis of that evidence, and the presentation of the findings to the prosecution. All applications use proven forensic methodologies to assure that material is admissible in court. This aspect is projected to promote the expansion of the digital forensics market.
Report Coverage
Global Digital Forensics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Digital Forensics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Digital Forensics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Digital Forensics market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Digital Forensics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Digital Forensics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
IBM (US), Cisco (US), Cellebrite (US), OpenText (Canada), Nuix (Australia), Exterro (US), MSAB (Sweden), Magnet Forensics (Canada), LogRhythm (US), KLDiscovery (US), Paraben (US), Cyfor (UK), Oxygen Forensics (US), Griffeye (Sweden), CCL Solutions Group Ltd (England), Global Digital Forensics Inc (US), Kroll Inc (US), Digital Intelligence (US), Optiv Security Ltd (US), Cado Security (England), Elcomsoft (Russia), Binalyze (Estonia), Varutra (US), Bluevoyant (US), Binary Intelligence (US), and Bounga Informatics (Singapore)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Digital Forensics market based on the below-mentioned segments:
Global Digital Forensics Market, By Type
Computer Forensics
Network Forensics
Cloud Forensics
Mobile Device Forensics
Database Forensics
Global Digital Forensics market, By Application
Digital Investigation and Consulting
Incident Response
System Integration
Training Maintenance and Support
Global Digital Forensics Market, By Component
Hardware
Software
Services
Global Digital Forensics market, Regional Analysis
The surge in cybercrimes has raised digital forensics to a crucial position in law enforcement and security. In light of its expanding importance, computer forensics has broadened its scope to include all digital data storage devices. With the proliferation of digital gadgets, old-school methods of investigation are unable to deal with the sophisticated strategies used by cybercriminals nowadays. Digital forensics excels in identifying and prosecuting malevolent actors, exposing criminal intent, and aiding in civil dispute resolutions. Expertise in managing a wide variety of devices and understanding of the subtleties of the law are both becoming increasingly important as IoT and BYOD become more commonplace. Also, the rising use of remote devices has led to a rise in the need for digital forensics, which is driving both investigations and data security solutions, making it a crucial part of comprehending and fortifying against cyber threats. Therefore, demand for digital forensics services keeps expanding rapidly.
Increasing cyber-security threats, rapid digital transformations in many different industries, an explosion in mobile digital services, and a huge need to quickly recover assets and find security breaches are all driving forces in the expansion of the digital forensics market. However, increasing anti-forensic methods coupled with legal challenges restrain market growth.
A new wave of misconducts, such as cyber-attacks that threaten corporate data security, is predicted to be spawned by the introduction of IoT paradigms, especially in industries. The issues in digital forensics are increased by the growing use of anti-forensic techniques. Law-makers and digital forensic professionals are seeking to explore digital activity, frequently hidden in a large database. There has been a global necessity for highly-skilled people who can repair and catapult digital errors and mishaps. Training programs in digital forensics are being organized in a number of countries.
The proliferation of IoT devices and remote workstations has greatly increased the number of possible targets for cyberattacks. To better understand and counteract these new threats, digital forensics is now more important than ever. There has been a rise in demand for digital forensics services and solutions due to the increasing frequency with which security breaches and other suspicious actions involving distant devices must be monitored and investigated. Additionally, corporations have been compelled to invest extensively in comprehensive data security solutions due to the rising awareness of data breaches and constant assaults. However, despite preventive steps, security incidents remain. Analyzing these instances, finding weaknesses, and offering useful insights to strengthen data security have made digital forensics an absolute necessity. This demand for data protection solutions and the crucial function of digital forensics in analyzing security breaches adds to the continuous expansion of the digital forensics industry.
The high prices connected to digital forensics equipment and services offer a significant barrier in the sector. Both government agencies and commercial businesses are feeling the pinch from rising costs, making it harder to invest in cutting-edge forensics technology and train staff to use it properly. Ongoing technology improvements can drive increasing prices due to the requirement for continual updates and training. As a result, smaller agencies and organizations will have a harder time keeping up with the costs of operation. Innovative solutions, such as open-source tools and collaborative activities, are urgently needed to solve this financial barrier and keep digital forensics affordable for all.
Cybercriminals now have more opportunities to gain access to client data due to the proliferation of cloud services and IoT-enabled devices. The proliferation of malware and viruses has made it simpler for cybercriminals to steal sensitive customer information. Hackers can quickly gain access to sensitive information such as emails, SMS, and financial transactions from customers due to the widespread use of electronic devices and the internet. Due to these factors, inquiries into financial crime and cyber-attacks are projected to boost the need for digital forensics. The primary objectives of digital forensics are the collection of electronic evidence, the analysis of that evidence, and the presentation of the findings to the prosecution. All applications use proven forensic methodologies to assure that material is admissible in court. This aspect is projected to promote the expansion of the digital forensics market.
Report Coverage
Global Digital Forensics research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Digital Forensics report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Digital Forensics competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Digital Forensics market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | IBM (US), Cisco (US), Cellebrite (US), OpenText (Canada), Nuix (Australia), Exterro (US), MSAB (Sweden), Magnet Forensics (Canada), LogRhythm (US), KLDiscovery (US), Paraben (US), Cyfor (UK), Oxygen Forensics (US), Griffeye (Sweden), CCL Solutions Group Ltd (England), Global Digital Forensics Inc (US), Kroll Inc (US), Digital Intelligence (US), Optiv Security Ltd (US), Cado Security (England), Elcomsoft (Russia), Binalyze (Estonia), Varutra (US), Bluevoyant (US), Binary Intelligence (US), and Bounga Informatics (Singapore) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Digital Forensics Market from 2021 to 2030.
- Market Forecast for Digital Forensics Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Digital Forensics competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Digital Forensics
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Digital Forensics market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Digital Forensics market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
IBM (US), Cisco (US), Cellebrite (US), OpenText (Canada), Nuix (Australia), Exterro (US), MSAB (Sweden), Magnet Forensics (Canada), LogRhythm (US), KLDiscovery (US), Paraben (US), Cyfor (UK), Oxygen Forensics (US), Griffeye (Sweden), CCL Solutions Group Ltd (England), Global Digital Forensics Inc (US), Kroll Inc (US), Digital Intelligence (US), Optiv Security Ltd (US), Cado Security (England), Elcomsoft (Russia), Binalyze (Estonia), Varutra (US), Bluevoyant (US), Binary Intelligence (US), and Bounga Informatics (Singapore)
Primary Target Market
- Market Players of Digital Forensics
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Digital Forensics market based on the below-mentioned segments:
Global Digital Forensics Market, By Type
Computer Forensics
Network Forensics
Cloud Forensics
Mobile Device Forensics
Database Forensics
Global Digital Forensics market, By Application
Digital Investigation and Consulting
Incident Response
System Integration
Training Maintenance and Support
Global Digital Forensics Market, By Component
Hardware
Software
Services
Global Digital Forensics market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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