Emergence of cloud-based digital forensics technology is anticipated to catalyze the adoptions of digital forensics opening up further new service ranges whose market is forecasted to grow at a CAGR of 10.9%Published Date: May 2018
According to a new market research study titled ‘Digital Forensics Market to 2025 – Global Analysis and Forecasts by Type, Component, and End-User’, the global digital forensics market was valued at US$ 3.08 Bn in 2017 and is estimated to reach US$ 6.95 Bn by 2025. The report highlights the trends prevalent in the global digital forensics market and the factors driving the market along with those that act as deterrents to its growth.
There are various kinds of security breaches on the internet that has affected the smooth functioning of the cloud. The various security breaches include cyber-attacks, industrial espionage, information security breaches, identity fraud and financial fraud. Recovery of such kind of lost data as a result of these malicious activities, has always been challenging for the users of cloud technologies. The tracking of large volumes of information is quite a tedious and time taking job. With the use of digital forensics, searching through a large and massive amount of data has become possible. Digital forensics applications can search through the hard drives in different languages and also have the advantage of having ability to cross borders on the internet. The many valuable data that has been lost and deleted can be achieved sufficiently, and can then become substantial evidence in court. This means that legal professionals are able to produce the evidence in court that was impossible previously before. The pros of computer forensics are definitely beneficial to professionals in court, when it comes to retrieving the proper data and information that is needed or required within the courts.
In our study, we have segmented the digital forensics market by type, component and end-user. The type segment of digital forensics market includes endpoint forensics, network forensics, cloud forensics, and mobile devices. Software and services are the two main components for digital forensic tools and from the component segmentation for this market. Moreover, the digital forensics market on account of being used by a large number of end-user industry verticals has also been segmented into end-user that includes BFSI, Government, Healthcare, Manufacturing, Retail and Communications & Media services. Lastly, the market has also been segregated on the basis of geography into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
This industry is expected to witness a rapid growth and drive the growth of digital forensics market. Players having a good hold over the digital forensics market can look to venture into providing advanced software solutions to businesses from various industry verticals. The key players profiled in the report are ODiscovery, Cyfor, Binary Intelligence, LLC, Magnet Forensics, Inc., and AccessData. Also, FireEye, Inc.
LogRythm, Inc., R3 Digital Forensics, Kroll Associates, Inc., and Global Digital Forensics Inc. are other key companies in the digital forensics market.
The report segments the global digital forensics market as follows:
Global Digital Forensics Market – By Type
Global Digital Forensics Market – By Component
Global Digital Forensics Market – By End-User
Communications & Media Services
Global Digital Forensics Market – By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)