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 global digital forensics market is expected to grow at a CAGR of approximately 11% during the forecast period.
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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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.
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.
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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