The global digital forensics market amassed US$ 3,080.5 million in 2017 and is speculated to hit US$ 6,945.6 million by 2025, surging at a CAGR of 10.9% during 2018–2025.
The intensifying cyber-security threats coupled with rapid digital transformations across a large number of industry verticals, exponentially increasing mobile digital services, and massive demand for the fast-tracking of asset recovery and detection of security breaches are the substantial elements catalyzing the digital forensics market growth. On the contrary, rising anti-forensic techniques with legal challenges curtail the market expansion.
The advent of Internet of Things (IoT) paradigms, particularly in industries, is anticipated to generate a new wave of misconducts, including cyber-attacks jeopardizing organizational data security. The challenges in digital forensics are amplified by the leveraging use of anti-forensic tools. Law-makers and digital forensic experts are striving to explore digital activities, often hidden in a massive database. There has been a global requirement for highly-skilled professionals who can address and catapult digital flaws and mishaps. Several countries are organizing programs to impart digital forensics training.
Regionally, North America held the largest share of the global digital forensics market and is likely to retain its dominance over the forecast period. Asia Pacific is speculated to spur with the highest CAGR during the forecast timeframe.
Future Trends
Artificial Intelligence Revolution in Digital Forensics
With every new technology and application, digital forensic is soon to usher into a new dimension due to emergence of artificial intelligence (AI). The working of digital forensics can now reduce bias in investigations and produce relevant shreds of evidence admissible in a particular scenario. The AI incorporation avails large volumes of data with complex computer algorithms. Investigators can navigate through a large pool of data routing from e-communication and social media to smart sensors and video footage. Demand for intelligent investigation created room for AI tools’ integration. It plays a pivotal role in digital forensics investigation in the form of sophisticated algorithms for DNA sequence matching, cybercrime detection, e-discovery document review, and digital analysis. Recognizing the pattern of signatures of suspects has become easier with AI. Huge investment by key market players and corresponding end-users demand anticipates a promising trend in the global digital forensics market.
Drivers
Intensifying Cyber-Security Threats Coupled with Rapid Digital Transformations Across a Large Number of Industry Verticals
Several organizations and manufacturers worldwide have been heavily investing in digital programs and digital forensics market initiatives. Large-scale adoption of cloud technologies by enterprises leads to digital transformation. Industry verticals with large volumes of data pioneered the adoption of digital services. The use of cloud, mobile devices, and big data penetrated almost all industry verticals. Mobile device has become a primary end-point for access to the internet and information. However, with increased digital penetration, rises the susceptibility of data security. The number of malicious emails questioning data concerns has been increasing rapidly. A lot of surveys established that email has been a primary attack vector of security breaches. Other network security threats include spam or malware that worm their way into confidential files of organizations for financial gains. Digital forensic tools help track and prevent such data breaching practices.
Exponential Increase in the Number of Mobile Digital Devices
Over half of the global population these days has made its presence felt on the internet due to global connectivity and innumerable communication options. This growth largely thrives on the availability of mobile devices at affordable prices and ease of access. Almost two-third of the worldwide population owns digital devices. The ever-increasing use of digital devices, mobile phones, and digital content has branched into digital forensics also. Be it a communication, social media posting, or searching any information, people find it suitable to get things done on smartphones rather than scrolling on computers. Smartphones and other digital mobile devices are therefore becoming evident sources of information. Given the rapid burgeoning of these devices, forensic investors use them as tools or sources of recorded evidence. Thus, the rising use of smartphones and other devices assists the expansion of global digital forensics market.
Restraints
Restraints
Rise of Anti-Forensic Techniques Coupled with Legal Challenges
Despite digital forensics being embraced by many industry verticals for data security purposes, most of its applications still face technical, legal, and resource challenges. Though the technology apprehends fraudulent activities behind data losses, it also conceals the identity of the person involved within. Digital evidences are easy to manipulate, forge, remove, or hide. Such anti-forensic practices include encryption, steganography, covert channel, stowing away the data, residual data wiping, tail obfuscation, and attacking the tools and investigators. Since time has been a restraining factor in digital forensic investigation, hovering over large volumes of data for back-tracking and recovery becomes a daunting task for the organization. As the data stored in volatile memory is ephemeral, investigators can only access the most recent information. Besides, data privacy of the organization is at stake during a thorough forensic investigation. These challenges in investigating procedures hinder the global digital forensics market growth.
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Global Digital Forensics Market: Strategic Insights
Market Size Value in US$ 3,080.5 Million in 2017 Market Size Value by US$ 6,945.6 Million by 2025 Growth rate CAGR of 10.9% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Global Digital Forensics Market: Strategic Insights
| Market Size Value in | US$ 3,080.5 Million in 2017 |
| Market Size Value by | US$ 6,945.6 Million by 2025 |
| Growth rate | CAGR of 10.9% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Digital Forensics Market Segmentation
By Type
Large-Scale Industrial Adoption Spiked the Segmental Growth
The global digital forensics market, based on type, is segmented into end-point, network, cloud, and mobile forensics. Each of these caters to different fragments of the digital domain. The segment, end-point forensics accounted for the largest market share in 2017 and is likely to retain the lead by 2025 with the largest revenue share. End-point forensics emphasize computer forensics and other network devices. It deals with legal evidences accessed from digital storage media and computers. It evaluates the usage of computer resources in the corporate work-sphere. A large number of organizations rely on end-point forensics for management, communication, and vital data storage. Private investigators utilize end-point forensic tools to trace unauthorized resources and detect corporate sabotage.
Mobile forensics, the second-largest market occupant, deals with the acquisition and investigation of digital devices to recuperate evidences of inspective interest. Cell phones, these days, are much more critical source of evidence than computers. Mobile forensics technology assists law enforcement by performing extraction, analysis, decoding, and recording of the data accessed from various devices. The penetration of IoT, large data volumes, and increasing number of mobile devices serve as force multipliers propelling the segmental growth.
By Component
Provision of Wide Range of Applications Strengthened the Segment’s Dominance
According to the component, the global digital forensics market is split into software and services. The former comprises tools used by digital forensic experts, while the latter is offered directly or outsourced. The services segment led the market in 2017 and is projected to keep dominating by 2025 with substantial market revenue. Digital forensics service providers offer investigation assistance, reviewing the findings, host network analysis, providing incident reports, investigating employees’ cyber activities, imparting training on digital forensics, and assessing security posture and forensic readiness.
Another segment, software, follows services in terms of market occupancy. Companies worldwide are constantly developing new forensic tools and software that can particularly assist forensic experts. These software include disk and data capture tools, file viewers, file analysis tools, registry analysis tools, email analysis tools, and network and database forensic tools. Some popular commercial forensics software comprises EnCase Forensic, AccessData FTK, Nuix, Vogon Forensic Software, SafeBack, and X-Ways Forensics. The threat of security breach increases with the emergence of novel technologies. Besides, the continual upgrading of digital device applications demands updated software versions in the global digital forensics market.
Global Digital Forensics Market by Component
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Regional Insights
Geographically, the global digital forensics market is segmented into North America, Europe, Asia Pacific (APAC), South America (SAM), and Middle East & Africa (MEA).
North America housed the largest market share in 2017 and is projected to retain the lead till 2025. The region has been extremely open and competitive in terms of digital forensics solutions adoption across major industry verticals and contributes the highest in overall revenue generation worldwide. The internet plays a critical business function in North America, particularly in the US. The government and enterprises find it mandatory to implement digital forensics solutions to prevent critical data and infrastructure from unauthorized access.
The European digital forensics market accounted for a considerable revenue share in 2017. The major regional developments are seen in terms of a growing number of connected devices and well-spread internet network. The rising digitalization in European countries and government intervention in securing data through digital forensics contribute to the substantial growth of the digital forensics market.
Asia Pacific digital forensics market is expanding with the highest CAGR over the forecast period. China and Japan are leading the adoption and implementation of digital forensic services across major industry verticals. The use of IoT and digital tools across industrial, healthcare, enterprise, retail, and municipality sectors in APAC ascend the security issue concerns, which in turn spur the demand for digital forensic tools, services, and applications. In addition, the development of smart cities across the region is likely to accelerate the growth of digital forensics market.
Lucrative Regional Markets
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Key Market Players:
- AccessData (US)
- Binary Intelligence, LLC. (US)
- Cyfor (UK)
- FireEye, Inc. (US)
- Global Digital Forensics Inc (US)
- Kroll Associates, Inc. (Corporate Risk Holdings, LLC) (US)
- Logrhythm, Inc (US)
- Magnet Forensics, Inc (Canada)
- Qdiscovery (US)
- R3 Digital Forensics (US)
Key Developments:
February 2018:
AccessData introduced Quin-C, a solution that supports and monitors the workflow of corporate investigators, forensic labs, and legal teams of all sizes.April 2018:
FireEye introduced updates in the FireEye Email Security to secure customers from email-based attacks, including commodity malware.January 2018:
Kroll partnered with Red Canary (US) to offer clients a CyberDetectER end-point technology for alleviating the burden and consequences of cyber threat detection and mitigation.August 2016:
LogRhythm received an investment of US$ 50 million from existing investor Riverwood Capital to extend management in security intelligence and analytics.
Report Coverage
The global digital forensics market research report provides detailed insights into the market in terms of size, share, trends, and forecasts. It delivers crisp and precise know-how of drivers, restraints, opportunities, segments, and industrial landscape. A list of key market players with their respective developments in recent years has been reserved as a special mention.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Types ; Component ; and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 Scope of the Study 13
1.2 The Insight Partners Research Report Guidance 13
2 Key Takeaways 14
2.1 Growth of digitalization in APAC is expected to drive the global market growth. 14
2.2 Cloud forensics would be the fastest growing segment during the forecast period 14
2.3 Software solutions to exhibit highest CAGR during the forecast period 14
3 Digital Forensics Market Landscape 16
3.1 MARKET OVERVIEW 16
3.2 MARKET SEGMENTATION 17
3.2.1 Digital Forensics Market – By Type 18
3.2.2 Digital Forensics Market – By Component 18
3.2.3 Digital Forensics Market – By end-User 19
3.2.4 Digital Forensics Market – By Geography 19
3.3 PEST Analysis 20
4 Digital Forensics Market – Key Industry Dynamics 30
4.1 Drivers 30
4.1.1 Rapidly intensifying cyber-security threats coupled with rapid digital transformations across a large number of industry verticals 30
4.1.2 Exponential increase in the number of mobile digital devices 30
4.1.3 Escalating demands for the fast-tracking of asset recovery and detection of security breaches 31
4.2 Restraints 31
4.2.1 Rise of anti-forensic techniques coupled with legal challenges 31
4.3 Opportunities 32
4.3.1 The ever expanding cloud network and applications 32
4.4 Future Trends 32
4.4.1 Artificial Intelligence Revolution in digital forensics 32
4.5 Impact Analysis Of Drivers And Restraints 33
5 Digital Forensics Market – Global Market Analysis 34
5.1 DIGITAL FORENSICS GLOBAL MARKET OVERVIEW 34
5.2 DIGITAL FORENSICS MARKET AND FORECAST ANALYSIS 34
6 Digital Forensics Market Revenue And Forecasts To 2025 – End-User 36
6.1 Overview 36
6.2 Global Digital forensics Market Breakdown By ens-user, 2017 & 2025 36
6.3 BFSI 37
6.3.1 Overview 37
6.3.2 BFSI market forecast and analysis 37
6.4 Government 38
6.4.1 Overview 38
6.5 Healthcare 39
6.5.1 Overview 39
6.5.2 Healthcare forecasts and analysis 39
6.6 Retail 40
6.6.1 Overview 40
6.6.2 Retail forecasts and analysis 40
6.7 Manufacturing 42
6.7.1 Overview 42
6.7.2 Manufacturing forecasts and analysis 42
6.8 Communications & Media Services 43
6.8.1 Overview 43
6.8.2 Communications & Media Services forecasts and analysis 43
7 Digital Forensics Market – By Type 44
7.1 Overview 44
7.2 DIGITAL FORENSICS MARKET – BY TYPE , FORECAST AND ANALYSIS 44
7.3 End-point Forensics market 44
7.3.1 Overview 44
7.3.2 End-Point Forensics Market – Forecast & Analysis 45
7.4 Network Forensics market 45
7.4.1 Overview 45
7.4.2 Network Forensics Market – Forecast & Analysis 46
7.5 Cloud Forensics market 46
7.5.1 Overview 46
7.5.2 Cloud Forensics Market – Forecast & Analysis 47
7.6 Mobile Forensics market 47
7.6.1 Overview 47
7.6.2 Mobile Forensics Market – Forecast & Analysis 48
8 DIGITAL FORENSICS MARKET – BY COMPONENT 49
8.1 Overview 49
8.2 Digital Forensics Market – by Component , forecast and analysis 49
8.3 Software Market 50
8.3.1 Overview 50
8.3.2 Software Forensics Market – Forecast & Analysis 50
8.4 Service Market 51
8.4.1 Overview 51
8.4.2 Service Market – Forecast & Analysis 51
9 Digital Forensics Market – Geographical Analysis 52
9.1 Overview 52
9.2 North America Digital forensics Market Revenue and Forecasts to 2025 53
9.2.1 Overview 53
9.2.2 North America Digital forensics Market Breakdown by Key Countries 54
9.2.2.1 U.S. Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 56
9.2.2.2 Canada Digital Forensics Market Revenue and Forecast to 2025 (US$ Mn) 57
9.2.3 Mexico Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 58
9.2.4 North America Digital forensics Market Breakdown by Type 59
9.2.5 North America Digital forensics Market Breakdown by Solution 60
9.2.6 North America Digital forensics Market Breakdown by End-User 61
9.3 Europe Digital forensics Market Revenue and Forecasts to 2025 62
9.3.1 Overview 62
9.3.2 Europe Digital forensics Market Breakdown by Key Countries 63
9.3.2.1 France Digital Forensics Market Revenue and Forecasts to 2025 (US$ Mn) 64
9.3.2.2 Germany Digital Forensics Market Revenue and Forecast to 2025 (US$ Mn) 65
9.3.2.3 Italy Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 66
9.3.2.4 U.K Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 67
9.3.2.5 Spain Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 68
9.3.3 Europe Digital forensics Market Breakdown by Type 69
9.3.4 Europe Digital forensics Market Breakdown by Solution 70
9.3.5 Europe Digital forensics Market Breakdown by End-User 71
9.4 APAC Digital forensics Market Revenue and Forecasts to 2025 72
9.4.1 Overview 72
9.4.2 APAC Digital forensics Market Breakdown by Key Countries 73
9.4.2.1 Australia Digital Forensics Market Revenue and Forecasts to 2025 (US$ Mn) 74
9.4.2.2 China Digital Forensics Market Revenue and Forecast to 2025 (US$ Mn) 75
9.4.2.3 India Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 76
9.4.2.4 Japan Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 77
9.4.2.5 Rest of APAC Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 78
9.4.3 APAC Digital forensics Market Breakdown by Type 79
9.4.4 APAC Digital forensics Market Breakdown by Solution 80
9.4.5 APAC Digital forensics Market Breakdown by End-User 81
9.5 MEA Digital forensics Market Revenue and Forecasts to 2025 82
9.5.1 Overview 82
9.5.2 MEA Digital forensics Market Breakdown by Key Countries 83
9.5.2.1 Saudi Arabia Digital Forensics Market Revenue and Forecast to 2025 (US$ Mn) 84
9.5.2.2 UAE Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 85
9.5.2.3 South Africa Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 86
9.5.3 MEA Digital forensics Market Breakdown by Type 87
9.5.4 MEA Digital forensics Market Breakdown by Solution 88
9.5.5 MEA Digital forensics Market Breakdown by End-User 89
9.6 SAM Digital forensics Market Revenue and Forecasts to 2025 90
9.6.1 Overview 90
9.6.2 SAM Digital forensics Market Breakdown by Key Countries 91
9.6.2.1 Brazil Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 92
9.6.2.2 Rest of SAM Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 93
9.6.3 SAM Digital forensics Market Breakdown by Type 94
9.6.4 SAM Digital forensics Market Breakdown by Solution 95
9.6.5 SAM Digital forensics Market Breakdown by End-User 96
10 Digital Forensics Market – Industry Landscape 97
10.1 MERGER & ACQUISITION 97
10.2 MARKET INITIATIVES 97
10.3 NEW DEVELOPMENTS 98
10.4 INVESTMENT SCENARIOS 99
11 Digital Forensics Market – Competitive Landscape 100
11.1 Competitive product mapping 100
11.2 Market Positioning – Global Top 5 Players Ranking 102
12 Digital Forensics Market – Company Profiles 103
12.1 Accessdata 103
12.1.1 Key facts 103
12.1.2 Business Description 103
12.1.3 Financial Overview 103
12.1.4 SWOT Analysis 104
12.1.5 Key Developments 105
12.2 Binary Intelligence, LLC 106
12.2.1 Key Facts 106
12.2.2 Business Description 106
12.2.3 SWOT Analysis 107
12.2.4 Key Developments 108
12.3 Cyfor 109
12.3.1 Key Facts 109
12.3.2 Business Description 109
12.3.3 Financial Overview 109
12.3.4 SWOT Analysis 110
12.3.5 Key Developments 111
12.4 FireEye, Inc. 112
12.4.1 Key Facts 112
12.4.2 Business Description 112
12.4.3 Financial Overview 113
12.4.4 SWOT Analysis 113
12.4.5 Key Developments 115
12.5 Global Digital Forensics Inc. 116
12.5.1 Key Facts 116
12.5.2 Business Description 116
12.5.3 Financial Overview 116
12.5.4 SWOT Analysis 117
12.5.5 Key Developments 118
12.6 Kroll Associates, Inc. (Corporate Risk Holdings, LLC) 119
12.6.1 Key Facts 119
12.6.2 Business Description 119
12.6.3 Financial Overview 119
12.6.4 SWOT Analysis 120
12.6.5 Key Developments 121
12.7 LogRhythm, Inc 122
12.7.1 Key Facts 122
12.7.2 Business Description 122
12.7.3 Financial Overview 122
12.7.4 SWOT Analysis 123
12.7.5 Key Developments 124
12.8 Magnet Forensics, Inc. 125
12.8.1 Key Facts 125
12.8.2 Business Description 125
12.8.3 Financial Overview 125
12.8.4 SWOT Analysis 126
12.8.5 Key Developments 127
12.9 QDiscovery 128
12.9.1 Key Facts 128
12.9.2 Business Description 128
12.9.3 Financial Overview 128
12.9.4 SWOT Analysis 128
12.9.5 Key Developments 130
12.1 R3 Digital Forensics 131
12.10.1 Key Facts 131
12.10.2 Business Description 131
12.10.3 Financial Overview 131
12.10.4 SWOT Analysis 132
12.10.5 Key Developments 133
LIST OF TABLES
TABLE 1. Global Digital Forensics Market Revenue Forecast To 2025 35
TABLE 2. North America Digital forensics Market Revenue and Forecasts to 2025 – By Type (US$ Mn) 59
TABLE 3. North America Digital forensics Market Revenue and Forecasts to 2025 – By COmponent (US$ Mn) 60
TABLE 4. North America Digital forensics Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 61
TABLE 5. Europe Digital forensics Market Revenue and Forecasts to 2025 – By Type (US$ Mn) 69
TABLE 6. Europe Digital Forensics Market Revenue And Forecasts To 2025 – By Component (US$ MN) 70
TABLE 7. europe Digital forensics Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 71
TABLE 8. APAC Digital forensics Market Revenue and Forecasts to 2025 – By Type (US$ Mn) 79
TABLE 9. APAC Digital forensics Market Revenue and Forecasts to 2025 – By COmponent (US$ Mn) 80
TABLE 10. APAC Digital forensics Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 81
TABLE 11. MEA Digital forensics Market Revenue and Forecasts to 2025 – By Type (US$ Mn) 87
TABLE 12. MEA Digital forensics Market Revenue and Forecasts to 2025 – By COmponent (US$ Mn) 88
TABLE 13. MEA Digital forensics Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 89
TABLE 14. SAM Digital forensics Market Revenue and Forecasts to 2025 – By Type (US$ Mn) 94
TABLE 15. SAM Digital forensics Market Revenue and Forecasts to 2025 – By COmponent (US$ Mn) 95
TABLE 16. SAM Digital forensics Market Revenue and Forecasts to 2025 – By Application (US$ Mn) 96
LIST OF FIGURES
FIGURE 1. digital forensics market segmentation 17
FIGURE 2. digital forensics – geographic 18
FIGURE 3. north america – pest analysis 20
FIGURE 4. europe – pest analysis 22
FIGURE 5. asia pacific – pest analysis 24
FIGURE 6. middle east and africa – pest analysis 26
FIGURE 7. south america – pest analysis 28
FIGURE 8. digital forensics market impact analysis of drivers and restraints 33
FIGURE 9. global digital forensics market revenue and forecast to 2025 (US$ mn) 35
FIGURE 10. Global Digital Forensics Market Breakdown By End-User, 2017& 2025 (%) 36
FIGURE 11. Global BFSI Market Revenue and Forecasts to 2025 (US$ Mn) 37
FIGURE 12. Global Government Revenue and Forecasts to 2025 (US$ Mn) 38
FIGURE 13. Global Healthcare Revenue and Forecasts to 2025 (US$ Mn) 39
FIGURE 14. Global Retail Revenue and Forecasts to 2025 (US$ Mn) 41
FIGURE 15. Global Manufacturing Revenue and Forecasts to 2025 (US$ Mn) 42
FIGURE 16. Global Communications & Media Services Revenue and Forecasts to 2025 (US$ Mn) 43
FIGURE 17. Global Digital Forensics Market Breakdown, By Type, 2017 & 2025 (%) 44
FIGURE 18. Global End-Point Forensics Market Revenue Forecasts to 2025 (US$ Mn) 45
FIGURE 19. Global network forensics Market Revenue Forecasts to 2025 (US$ Mn) 46
FIGURE 20. Global cloud forensics Market Revenue Forecasts to 2025 (US$ Mn) 47
FIGURE 21. Global Mobile forensics Market Revenue Forecasts to 2025 (US$ Mn) 48
FIGURE 22. Global digital forensics Market Breakdown, By component, 2017 & 2025 (%) 49
FIGURE 23. Global software Market Revenue Forecasts to 2025 (US$ Mn) 50
FIGURE 24. Global service Market Revenue Forecasts to 2025 (US$ Mn) 51
FIGURE 25. Digital forensics Market, Global Breakdown by Regions, 2016 & 2025 (%) 53
FIGURE 26. North America Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 54
FIGURE 27. North America Digital forensics Market Breakdown by Key Countries, 2017 & 2025(%) 55
FIGURE 28. Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 56
FIGURE 29. Canada Digital forensics Market Revenue and Forecasts to 2025 (US$ MN) 57
FIGURE 30. Mexico Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 58
FIGURE 31. North America Digital forensics Market Breakdown by Type, 2017 & 2025 (%) 59
FIGURE 32. North America Digital forensics Market Breakdown By Solution, 2017 & 2025 (%) 60
FIGURE 33. North America Digital forensics Market Breakdown By end-user, 2017 & 2025 (%) 61
FIGURE 34. Europe Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 62
FIGURE 35. Europe Digital forensics Market Breakdown by Key Countries, 2017 & 2025(%) 63
FIGURE 36. France Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 64
FIGURE 37. Germany Digital forensics Market Revenue and Forecasts to 2025 (US$ MN) 65
FIGURE 38. Italy Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 66
FIGURE 39. U.K Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 67
FIGURE 40. Spain Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 68
FIGURE 41. Europe Digital forensics Market Breakdown by Type, 2017 & 2025 (%) 69
FIGURE 42. Europe Digital forensics Market Breakdown By Solution, 2017 & 2025 (%) 70
FIGURE 43. Europe Digital forensics Market Breakdown By end-user, 2017 & 2025 (%) 71
FIGURE 44. APAC Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 72
FIGURE 45. APAC Digital forensics Market Breakdown by Key Countries, 2017 & 2025(%) 73
FIGURE 46. Australia Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 74
FIGURE 47. China Digital forensics Market Revenue and Forecasts to 2025 (US$ MN) 75
FIGURE 48. India Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 76
FIGURE 49. Japan Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 77
FIGURE 50. Rest of APAC Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 78
FIGURE 51. APAC Digital forensics Market Breakdown by Type, 2017 & 2025 (%) 79
FIGURE 52. APAC Digital forensics Market Breakdown By Solution, 2017 & 2025 (%) 80
FIGURE 53. APAC Digital forensics Market Breakdown By end-user, 2017 & 2025 (%) 81
FIGURE 54. MEA Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 82
FIGURE 55. MEA Digital forensics Market Breakdown by Key Countries, 2017 & 2025(%) 83
FIGURE 56. Saudi Arabia Digital forensics Market Revenue and Forecasts to 2025 (US$ MN) 84
FIGURE 57. UAE Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 85
FIGURE 58. South Africa Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 86
FIGURE 59. MEA Digital forensics Market Breakdown by Type, 2017 & 2025 (%) 87
FIGURE 60. MEA Digital forensics Market Breakdown By Solution, 2017 & 2025 (%) 88
FIGURE 61. MEA Digital forensics Market Breakdown By end-user, 2017 & 2025 (%) 89
FIGURE 62. SAM Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 90
FIGURE 63. SAM Digital forensics Market Breakdown by Key Countries, 2017 & 2025(%) 91
FIGURE 64. Brazil Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 92
FIGURE 65. Rest of SAM Digital forensics Market Revenue and Forecasts to 2025 (US$ Mn) 93
FIGURE 66. SAM Digital forensics Market Breakdown by Type, 2017 & 2025 (%) 94
FIGURE 67. SAM Digital forensics Market Breakdown By Solution, 2017 & 2025 (%) 95
FIGURE 68. SAM Digital forensics Market Breakdown By end-user, 2017 & 2025 (%) 96
FIGURE 69. Global Top 5 Players Ranking 102
List of Companies
1. Forensicon
2. R3 Digital Forensics
3. FireEye, Inc.
4. ACCESS DATA
5. Cy4or Legal Limited
6. Binary Intelligence, LLC
7. Kroll
8. LogRythm, Inc.
9. Magnet Forensics
10. Global Digital Forensics Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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