The global demand for Digital Forensics Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Digital Forensics, also known as computer forensics, refers to the branch of forensic science consisting of identification, retrieval, and investigation of material found on digital devices (digital storage media), about computer crime. Even though this branch of forensics has a variety of applications, however, the most commonly used is while supporting or refuting a proposition before criminal or civil courts. Precisely the digital forensic market is divided into three categories, hardware, software, and services. This branch of science enables evidence extraction through analysis and evaluation of data from digital devices and is used to recover and inspect the data while maintaining the originality of the same.
Market Dynamics
The rising prevalence of sophisticated digital crimes along with sizable security concerns across the BIFS sector is assessed to drive market growth. The current trends of computing modeled by the IoT and the precipitous increase in the number of consumer electronics (smartphones, laptops, and more) globally contributes substantially to the demand for digital forensics. However, several aspects, such as dearth of specialized skills, usage of proprietary OS, and high level of encryption in smartphone applications may impede the market growth. On the other hand, the AI, VR and AR solutions are predicted to contribute significantly in response to the COVID-19 global crisis. The COVID-19 pandemic is foreseen to engage key players in the digital forensic market to improve R&D investments.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of digital forensics.
Market Segmentation
The entire digital forensics market has been sub-categorized into component, type, tool and vertical. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Component
- Hardware
- Forensic Systems
- Forensic Devices
- Forensic Write Blockers
- Others
- Cables
- Adapters
- Hard Drive Enclosures
- Batteries
- Storage Devices
- Software
- Services
- Professional Services
- Digital Investigation and Consulting
- Incident Response
- System Integration
- Training and Education
- Support and Maintenance
- Managed Services
By Type
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
By Tool
- Forensic Data Analysis
- Data Acquisition and Preservation
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
- File Viewers
- Registry Analysis Tools
- Email Analysis Tools
By Vertical
- Government and Defense
- BFSI
- Telecom and IT
- Retail
- Healthcare
- Others
- Media and Entertainment
- Manufacturing
- Energy and Utilities
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for digital forensics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Digital Forensics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the digital forensics market include AccessData (US), Cellebrite (Israel), MSAB (Sweden), OpenText (Canada), Oxygen Forensics (US), ADF Solutions (US), Coalfire (US), Digital Detective (US), LogRhythm (US), Magnet Forensics (Canada), Paraben (US), Nuix (Australia). This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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