According to the report by Expert Market Research (EMR), the global digital forensics market is projected to grow at a CAGR of 15.9% between 2024 and 2032. Aided by the growing prevalence of cybercrime and the increasing need for information security across various sectors, the market is expected to grow significantly by 2032.
Digital forensics is a branch of forensic science that focuses on identifying, collecting, examining, and preserving evidence from digital devices such as computers, smartphones, and networks. It plays a critical role in solving crimes that involve digital mediums, including cybercrimes like hacking, online fraud, and data breaches. Digital forensics experts utilise a range of techniques and tools to recover, analyse, and present digital evidence in legal contexts.
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The burgeoning digital forensics market demand is primarily fuelled by the increasing incidence of cybercrimes and sophisticated digital attacks globally. With the continuous digital transformation of businesses and the expansion of the internet, there has been a significant rise in the number of cyberattacks, necessitating robust digital forensic capabilities to investigate and mitigate these threats.
Moreover, the evolving regulatory landscape, emphasising data protection and privacy, is influencing the digital forensics market outlook. Organisations worldwide are adopting digital forensic tools to comply with regulations like the General Data Protection Regulation (GDPR) and to protect sensitive information from unauthorised access and breaches.
The rapid advancements in technology have also expanded the scope and complexity of digital forensic investigations. The proliferation of Internet of Things (IoT) devices, cloud computing, and mobile technologies has created new frontiers for digital forensics, challenging experts to develop more sophisticated tools and methodologies.
Another significant factor driving the digital forensics market demand is the increasing use of digital forensics in the corporate sector. Businesses are employing digital forensic techniques for internal investigations, intellectual property disputes, and compliance auditing, recognising the criticality of safeguarding their digital assets and information.
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The law enforcement sector remains a major contributor to the market growth. Police departments and other law enforcement agencies heavily rely on digital forensics to solve a wide range of criminal cases, including those involving digital evidence such as emails, digital documents, and social media records.
Digital Forensics Market Segmentation
The market can be divided based on component, type, end-user, and region.
Market Breakup by Component
- Hardware
- Software
- Service
- Others
Market Breakup by Type
- Mobile Forensic
- Computer Forensic
- Network Forensic
- Others
Market Breakup by End-User
- Government and Law Enforcement Agencies
- BFSI
- IT and Telecom
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global digital forensics market. Some of the major players explored in the report by Expert Market Research are as follows:
- IBM Corporation
- Binary Intelligence LLC.
- Guidance Software Inc.
- AccessData Group LLC
- KL Discovery Inc.
- Others
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