The global Digital Forensics Market is expected to grow at a
CAGR of approximately 11% during the forecast period. Digital forensics refers
to investigation and interpretation of electronic data. Recovery of important
data amid a spate of cyber attacks can induce its demand. Popularity of connected
devices and internet of things are likely to drive its need. The global digital
forensics market report by Market Research Future (MRFR) covers trends,
drivers, and challenges for the period of 2017 to 2023 (forecast period). The
COVID-19 impact on the industry has been included in the report.
The COVID-19 outbreak has led to the necessity for
digital forensics among large enterprises due to a rise in cyber crimes. The
migration to cloud by these firms and the vulnerabilities in virtual private
networks (VPNs) has led to its high demand. Rise in number of digital
transactions and protection of critical data can favor the market during the
pandemic.
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Segmentation
The global digital forensics market has been
segmented on the basis of component, type, deployment, and application.
By component, it is segmented into hardware,
software, and service. The software segment is further classified into forensic
data analysis, forensic decryption, analytics, data recovery, and data capture
& preservation. The service segment is segmented into education &
training, digital investigation & consulting, incident response, system
integration, and maintenance & support.
By type, it is segmented into mobile device
forensics, computer forensics, network forensics, and cloud forensics. However,
the mobile device forensics sub segment is expected to hold the major share of
the market owing to the increasing deployment of mobile devices and increasing
popularity of m-commerce market. High adoption of card based payments is one
major factors driving the growth of digital forensics industry.
By deployment, it is segmented into cloud and on
premise.
By application, it is segmented into healthcare,
education, military & defense, aerospace & defense, government &
law enforcement agencies, legal & professional, IT & telecommunication,
transportation & logistics, media & entertainment, and BFSI.
Regional Analysis
The North American region holds the largest share of
the market across the globe followed by Europe, and Asia Pacific region. U.S.
and Canada are dominating the North America market due to rising technological
enhancements and rise in sophisticated digital crimes in the region. The region
also has a well-established infrastructure, which allows faster implementation
of advanced technologies. Additionally, the increasing case of insider attacks
is another major factor driving the growth of computer forensics market in the
region.
Competitive Outlook
Cellmark, Oxygen Forensics, AccessData, CYFOR, CCL
Solutions Group Ltd., IBM Corporation, Kroll, Inc., Nuix Pty Ltd., Guidance
Software, Inc., FireEye, Inc., Paraben Corporation, Lancope Inc., Logrhythm,
Guardian Digital Forensics, Cellebrite, FRONTEO Inc., Cisco Systems, Inc.,
MSAB, Magnet Forensics Inc., SecureWorks Inc., Perkinelmer, Inc., Binary
Intelligence LLC, and Stroz Friedberg LLC are key players of the global digital
forensics market.
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