Overview:

The global digital forensics market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Digital forensics is a process of extracting, collecting, identifying, and documenting the data or evidence from digital products such as laptops, hard disks, and others. The digital forensics helps to examine the digital devices in case of any investigation. It is also used for collecting evidences in court cases and in private investigations from digital media.

Market Dynamics:

Rising incidences of cyber-attacks especially on enterprise devices across the globe is a key factor driving growth of the global digital forensics market. Additionally, growing adoption of internet of things (IoT) and connected devices among many industries is another factor expected to result in growth of the target market during the forecast period.

However, complexity in advanced devices and difficulty in encryption of digital devices is a major factor hampering growth of the global market to a certain extent. Nevertheless, growth in adoption of crypto currencies coupled with increased demand for digital forensics from various end use sectors such as defense and BFSI are expected to create lucrative opportunities for key players operating in the global market during the forecast period.

Key Trends:

Growing preference for product launches and product development by major players in order to enhance the product portfolio is a key trend observed in the global market. For example, in September, 2020, AccessData Group, one of the providers of integrated digital forensics and E-discovery software, announced release of Quin-C user interface.

Regional Analysis:

For detailed understanding of market dynamics, the global digital forensics market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market accounted for highest share in terms of revenue in 2019 and is expected to maintain its dominance in the global market over the forecast period. This can be attributed to presence of key players coupled with high market penetration of digital forensics in enterprise sector in the region.

However, Asia Pacific region is expected to witness highest growth in the target market over the forecast period. Rising awareness about forensic solutions and increasing cyberattacks in the region are key factors expected to drive the market growth in the region.

Scope of the Report:

Detailed Segmentation:

Global Digital Forensics Market, By Component:

• Hardware
• Software
• Services

Global Digital Forensics Market, By Type:

• Computer Forensics
• Network Forensics
• Mobile Forensics

Global Digital Forensics Market, By Vertical:

• Government and Defense
• BFSI
• Telecom & IT
• Retail
• Healthcare
• Others

Key Players Covered:

Key players operating in the global digital forensics market includes PerkinElmer, Inc., AccessData Group, ADF Solutions, CCL Solutions Group Ltd., Cellmark, FireEye, Inc., Guidance Software, Binary Intelligence LLC, Digital Detective Group, and Oxygen Forensics.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Digital Forensics Market by component, type, vertical, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global digital forensics market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.