The ‘Global Digital Forensics Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global digital forensics market, assessing the market on the basis of its segments like components, types, end-users, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Digital Forensics Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Over USD 8.35 Billion
• Forecast CAGR (2023-2028): 15.95%
One of the key factors driving the digital forensics market growth is the increasing digital connectivity around the world. With a considerable portion of the population connected to the internet and the rising number of smart devices, the market for digital forensics is likely to proliferate during the forecast period.
Rapid technological advancements have enhanced the adoption of cloud technology in various sectors. Cloud computing allows the sharing of files from anywhere and enables cooperation between teams. This increases the risk of data theft and cybercrimes, aiding the market growth.
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The increasing popularity of cryptocurrency has provided new opportunities for the digital forensics market expansion. Cryptocurrency is a lucrative area for cybercriminals to attack for different motives, hence digital forensics is used to counter such an attempt and ensure the implementation of proper countermeasures.
Digital Forensics Industry Definition and Major Segments
Digital forensics is a field of forensic science engaged with the identification, preservation, examination, and analysis of digital evidence. To acquire digital evidence, computers, mobile phones, remote storage, unmanned aerial systems, shipborne equipment, and other devices can all be employed. As electronic evidence is almost always a part of illegal conduct, digital forensics is an important aspect of law enforcement.
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The global digital forensics market, based on components, can be bifurcated into:
• Hardware
• Software
• Service
The market, based on type, can be segmented into:
• Mobile Forensic
• Computer Forensic
• Network Forensic
• Others
Based on end-user, the market for digital forensics can be divided into:
• Government and Law Enforcement Agencies
• BFSI
• IT and Telecom
• Others
The major regional markets for digital forensics can include:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Digital Forensics Market Trends
The increasing implementation of artificial intelligence and machine learning in forensics is a major trend propelling the digital forensics market expansion. AI in digital forensics can help experts to analyse evidence and streamline and ease various processes. Moreover, lawful evidence management schemes based on the blockchain can monitor the whole evidence flow of all court records.
Governments around the world are increasing their investments to establish a robust digital forensic system due to the rising incidences of cybercrimes. Besides, mobile forensics is gaining more importance in the market for digital forensics as the number of mobile device users is rapidly growing. Mobile forensics solely focuses on the recovery of evidence from mobile devices.
North America is expected to hold a major portion of the global digital forensics market share. The growth of the regional market can be attributed to the widespread cybercrimes in the region, which propels the need for digital forensics.
Key Market Players
The major players in the global digital forensics market report include
• IBM Corporation
• Binary Intelligence LLC
• Guidance Software Inc.
• AccessData Group LLC
• KL Discovery Inc
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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