The global digital forensics market size reached US$ 6.4 Billion in 2023. Looking forward, the market is projected to reach US$ 13.7 Billion by 2032, exhibiting a growth rate (CAGR) of 8.82% during 2023-2032.
Digital forensics refer to the process of analyzing, recovering, interpreting and uncovering electronic data. It is widely used to collect information and prosecute all types of crimes, including financial frauds, thefts, and murder, gain additional evidence, and prevent and suspect further crimes from happening. Digital forensics deals with the investigation, recovery, evaluation and extraction of evidence from digital sources, such as laptops, computers and mobiles.
It assists in reducing sampling risk, efficiently tracking down cybercriminals, ensuring integrity, producing evidence in the court, and extracting, processing, and interpreting the factual evidence. As a result, digital forensics is widely used in the telecommunications and information technology (IT) sector, government and enforcement agencies, and banking, financial services and insurance (BFSI) industry.
Moreover, various technological advancements, such as the integration of artificial intelligence (AI) with digital forensics to precisely observe commonalities in communication and detect elements in photos and videos are providing an impetus to the market growth. Additionally, the increasing product demand to recover deleted files from digital devices and obtain encrypted data due to the rising fraud and identity theft cases is positively impacting the market growth. Other factors, including significant improvements in information technology (IT) infrastructure, and the implementation of various government initiatives to promote advanced security solutions protecting sensitive data are creating a positive outlook for the market.
2. What is the expected growth rate of the global digital forensics market during 2024-2032?
3. What are the key factors driving the global digital forensics market?
4. What has been the impact of COVID-19 on the global digital forensics market?
5. What is the breakup of the global digital forensics market based on the component?
6. What is the breakup of the global digital forensics market based on the type?
7. What is the breakup of the global digital forensics market based on tool?
8. What is the breakup of the global digital forensics market based on the end user?
9. What are the key regions in the global digital forensics market?
10. Who are the key players/companies in the global digital forensics market?
Digital forensics refer to the process of analyzing, recovering, interpreting and uncovering electronic data. It is widely used to collect information and prosecute all types of crimes, including financial frauds, thefts, and murder, gain additional evidence, and prevent and suspect further crimes from happening. Digital forensics deals with the investigation, recovery, evaluation and extraction of evidence from digital sources, such as laptops, computers and mobiles.
It assists in reducing sampling risk, efficiently tracking down cybercriminals, ensuring integrity, producing evidence in the court, and extracting, processing, and interpreting the factual evidence. As a result, digital forensics is widely used in the telecommunications and information technology (IT) sector, government and enforcement agencies, and banking, financial services and insurance (BFSI) industry.
Digital Forensics Market Trends
The increasing incidences of cybercrimes in the BFSI industry across the globe is driving the growth of the market. Digital forensics aid in supporting the quick and precise investigation of financial frauds and solving cases. In line with this, the increasing availability of easy internet connection, along with the proliferation of various network-based applications and devices, such as e-mail services, computers, cloud-based technologies, internet banking and smartphones are favoring the market growth.Moreover, various technological advancements, such as the integration of artificial intelligence (AI) with digital forensics to precisely observe commonalities in communication and detect elements in photos and videos are providing an impetus to the market growth. Additionally, the increasing product demand to recover deleted files from digital devices and obtain encrypted data due to the rising fraud and identity theft cases is positively impacting the market growth. Other factors, including significant improvements in information technology (IT) infrastructure, and the implementation of various government initiatives to promote advanced security solutions protecting sensitive data are creating a positive outlook for the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global digital forensics market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on component, type, tool and end user.Breakup by Component:
- Hardware
- Software
- Service
Breakup by Type:
- Mobile Forensic
- Computer Forensic
- Network Forensic
- Others
Breakup by Tool:
- Data Acquisition and Preservation
- Forensic Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
Breakup by End User:
- BFSI
- IT and Telecom
- Government and Law Enforcement Agencies
- Retail
- Healthcare
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being AccessData Group Inc. (Exterro Inc.), Binary Intelligence LLC, CCL (Solutions) Group Ltd, Digital Detective Group Limited, Global Digital Forensics, KLDiscovery, LogRhythm Inc., Magnet Forensics, MSAB, OpenText Corporation, Oxygen Forensics Inc. and Paraben Corporation.Key Questions Answered in This Report
1. What was the size of the global digital forensics market in 2023?2. What is the expected growth rate of the global digital forensics market during 2024-2032?
3. What are the key factors driving the global digital forensics market?
4. What has been the impact of COVID-19 on the global digital forensics market?
5. What is the breakup of the global digital forensics market based on the component?
6. What is the breakup of the global digital forensics market based on the type?
7. What is the breakup of the global digital forensics market based on tool?
8. What is the breakup of the global digital forensics market based on the end user?
9. What are the key regions in the global digital forensics market?
10. Who are the key players/companies in the global digital forensics market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Digital Forensics Market
6 Market Breakup by Component
7 Market Breakup by Type
8 Market Breakup by Tool
9 Market Breakup by End User
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AccessData Group Inc. (Exterro Inc.)
- Binary Intelligence LLC
- CCL (Solutions) Group Ltd
- Digital Detective Group Limited
- Global Digital Forensics
- KLDiscovery
- LogRhythm Inc.
- Magnet Forensics
- MSAB
- OpenText Corporation
- Oxygen Forensics Inc.
- Paraben Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 6.4 Billion |
| Forecasted Market Value ( USD | $ 13.7 Billion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
