The global digital forensics market is poised to increase at a CAGR of 11.2%, reaching US$ 23.62 Bn by 2030 from a market valuation of US$ 10.07 Bn in 2022. Digital forensics accounted for 8% share of the global cybersecurity market value in 2021. According to Future Market Insights, the dynamics of the digital forensics market will be compared and reviewed.
The increase in the number of ransomware, malware, cyber-attacks, and other illegal data acquisition methods has prompted investments in digital forensics solutions. Furthermore, the increase in government regulations to comply with data protection standards has increased demand for the digital forensics market.
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List of Key Players Covered in Digital Forensics Market are:
- FireEye Inc.
- IBM Corporation
- Micro Systemation AB
- Cellebrite Ltd.
- KPMG
- Ernst & Young
- PwC
- Deloitte
- AccessData Group, Inc.
- LogRhythm
- Binary Intelligence Technology Ltd.
“Increasing adoption of artificial intelligence in digital forensics coupled by the rising cyber threats is expected to steer the global digital forensics market growth during the forecast period,” says an FMI analyst.
Some of the key takeaways from the report are highlighted below-
- Digital cloud forensics being most popular type of digital forensics solutions, is expected to witness highest growth of 14.7% CAGR during the forecast period
- The increasing cases of cyber threats and attacks in the government, law enforcement, and others sectors is resulting in higher adoption of digital forensics solutions over the world
- Component-wise software digital forensics solutions is set to register highest growth of CAGR 13.3% during the forecast period
- Among the end users, government & law enforcement sector will maintain the lead, followed by the legal services firms throughout the forecast period
- North America digital forensics market will lead other regions during the forecast period
COVID-19 Impact Analysis
The outbreak of novel coronavirus outbreak in the current year has negatively impacted the global digital forensic market. Various restraining factors such as closed manufacturing units, scarcity of raw materials, unavailability of labors, economic crisis, and others have declined the market growth.
Despite facing decreased demand due to the ongoing pandemic, the global digital forensics market has high potential to grow further.
According to FMI, the global market is expected to grow by both value and volume during the forecast period from the year 2022 to 2030.
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Digital Forensics Industry Survey
Digital Forensics Market by Type:
- Computer Forensics
- Mobile Device Forensics
- Network Forensics
- Database Forensics
- Cloud Forensics
Digital Forensics Market by Component:
- Digital Forensics Hardware
- Digital Forensics Software
- Digital Forensics Services
Digital Forensics Market by End User:
- Government & Law Enforcement
- Legal Services Firms
- Military & Defense
- IT & Telecom
- BFSI
- Others
Digital Forensics Market by Region:
- North America Digital Forensics Market
- Latin America Digital Forensics Market
- Europe Digital Forensics Market
- East Asia Digital Forensics Market
- South Asia & Pacific Digital Forensics Market
- Middle East & Africa (MEA) Digital Forensics Market
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About Future Market Insights, Inc.
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