Digital Forensics Market Overview:
Digital forensics or we can say it as digital forensic science includes the investigation of materials detected in digital technologies and the recovery of these items when it is about computer crime. Digital forensics investigation is one of the leading disciplines developing from the original field of forensic science. The MNCs have a database about each individual and that can be used as a service of a qualified digital forensics analyst to run background checks for various originations with this leading market technology.
As per the latest research, Digital Forensics Market registering a Compound Annual Growth Rate (CAGR) of 11% during the forecast period of 2021-2026. The era of Digital Forensics came to a different status so quickly due to various factors and the upgraded technologies in the digital market.
COVID-19 Analysis for Digital Forensics:
In today’s market, the vendors are announcing solutions for controlling the COVID-19 pandemic. The Phones are used by this technology to identify where individuals have been, whom they have been in contact with, and their activity timeline, along with other key information that might be needed. Eventually, COVID-19 gave a major boost to the digital forensics market as it detected many fraud activities as well.
On the other hand, the current market landscape showcases that during COVID, the virus had a great impact on the leading companies, expected demand schedule, and supply chain in the industry, and other various major factors. Technology like Digital Forensic (DF) will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
A growth of 15.9% CAGR is expected by the end of the forecast period. The demand for digital forensics is expected to be driven by government regulations and the increasing instances of cyber-attacks on enterprises. The striving demand for the IoT services will act as a major driving force.
The digital forensics market competitive landscape provides details by a competitor. The “Global Digital Forensics Market” (GDHM) study report will provide a valuable insight with an emphasis on the global market including some of the major players such as
For the coming generations, the forensic tools need to integrate and be visualized with automated analysis techniques which will present data in more efficient ways and allow investigators to interactively guide the investigation.
Below are some recent developments that we have seen in various years:
In January 2020, Cellebrite acquired BlackBag Technologies to expand Cellebrite’s portfolio of digital intelligence products.
In December 2019, Oxygen Forensics announced up-gradation to its flagship software, Oxygen Forensic Detective 12.1, Powered by JetEngine. The products that are offered are a result of 12 diffentiations making use of splendid technology like artificial intelligence.
In June 2019, Oxygen Forensics and Rank One Computing partnered to expand the digital forensic capabilities. This partnership will help Oxygen Forensics to capture and analyze the image and video data.
In May 2019, Oxygen Forensics launched Oxygen Forensic Detective 11.4, with improvements to its Cloud Extractor, KeyScout, and JetEngine utilities, including the ability to extract web browser data from Windows PCs.
In February 2019, Magnet Forensics and Grayshift partnered to strengthen their capabilities and acquire, analyze and report on the lawfully acquired digital evidence from iOS devices.
The report incorporates assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis, and so on to gauge the impact forces and potential opportunities of the market. This report is a clear depiction that the age of computer forensics is slowing down. There is a need for a clear strategy that will help in enabling the research efforts in order to let digital forensics take a front seat by the end of the forecast period.
This report depicts the directions that are prevailing in forensic research, as well as, the emerging inability to lay the focus on forensic analysis. This is the much needed thing in the present scenario. Always, there is a depiction that the whole community needs an adoption of data representations that are more standardized and belong to the modular approaches. Also, this stands true in the case of forensic processing, as well. This report also discusses the impact of the pandemic and what steps are being taken by the dominant companies and regions of the world to bounce back.
Digital Forensics Market Dynamics
Drivers Most of the dominant world forces are increasing investments in digital forensics. Also, they are inducing these in the daily life of people which is increasing the demand for such services. There are the major drivers for the market.
Opportunities This report offers an entire analysis of the current trends and emerging estimations through 2016 - 2023 of the global digital forensics market, which assists to identify the prevailing opportunities. Comprehensive analysis of all geographical regions provided, along with factors that drive and restrict the digital forensics market growth. Quantitative analysis from 2016 to 2023 is provided to showcase the financial scenario of the market. The market conditions are comprehensively analyzed.
Cumulative Growth Analysis The digital forensics market is expecting a growth by the end of the forecast period. Data Bridge Market Research analyses the market to account for growing at a CAGR of 12.17% in the above-mentioned forecast period.
Digital forensics has turned into a new attraction in the market and provided a detailed analysis of every country’s growth in healthcare expenditure for capital equipment. This market has also provided an insight for the competitors to manage the company’s overview, finances, generated revenues, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, and applications for the companies related to digital forensics market.
The global digital forensics market is segmented by type, component, deployment, and application.
The major countries that are in the digital forensics market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, the Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA), Brazil, Argentina and Rest of South America.
North America is the most substantial patron of the digital forensics market owing to the responsive enactment of digital forensics across the region. The US is expected to have the highest share in the market.
Frequently Asked Questions (FAQ) :
Global digital forensics market is predicted to grow at an 11% CAGR between 2016- 2023.
The digital forensics market is predicted to reach USD 5 billion by 2023.
North America will lead the global digital forensics market.
Popularity of connected devices and increasing cybercrimes are the key factors driving the global digital forensics market growth.
Key contenders profiled in the global digital forensics market include AccessData (U.S.), Perkinelmer, Inc., (U.S.), Guidance Software, Inc. (U.S.), FireEye, Inc. (U.S.), MSAB (Sweden), Oxygen Forensics (U.S.), Paraben Corporation (U.S.), Nuix Pty Ltd. (Australia), Logrhythm (U.S.), Binary Intelligence LLC (U.S.), Cellmark (UK), CCL Solutions Group Ltd. (UK), Cellebrite (Israel), IBM Corporation (U.S.), Magnet Forensics Inc. (U.S.), Cisco Systems, Inc. (U.S.), Lancope Inc. (U.S.), SecureWorks Inc. (U.S.), Stroz Friedberg LLC (U.S.), FRONTEO Inc. (Japan), Kroll, Inc. (U.S.), Guardian Digital Forensics (U.S.), CYFOR (UK) and others.
Digital Forensics is a branch of forensic science that deals with the recovery and investigation of material found in digital devices related to computer crimes/cybercrimes