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The global digital forensics market reached a value of US$ 5.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.03 Billion by 2027, exhibiting a CAGR of 10.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Digital forensics refer to the process of analyzing, recovering, interpreting and uncovering electronic data. It is widely used to collect information and prosecute all types of crimes, including financial frauds, thefts, and murder, gain additional evidence, and prevent and suspect further crimes from happening. Digital forensics deals with the investigation, recovery, evaluation and extraction of evidence from digital sources, such as laptops, computers and mobiles. It assists in reducing sampling risk, efficiently tracking down cybercriminals, ensuring integrity, producing evidence in the court, and extracting, processing, and interpreting the factual evidence. As a result, digital forensics is widely used in the telecommunications and information technology (IT) sector, government and enforcement agencies, and banking, financial services and insurance (BFSI) industry.
The increasing incidences of cybercrimes in the BFSI industry across the globe is driving the growth of the market. Digital forensics aid in supporting the quick and precise investigation of financial frauds and solving cases. In line with this, the increasing availability of easy internet connection, along with the proliferation of various network-based applications and devices, such as e-mail services, computers, cloud-based technologies, internet banking and smartphones are favoring the market growth. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) with digital forensics to precisely observe commonalities in communication and detect elements in photos and videos are providing an impetus to the market growth. Additionally, the increasing product demand to recover deleted files from digital devices and obtain encrypted data due to the rising fraud and identity theft cases is positively impacting the market growth. Other factors, including significant improvements in information technology (IT) infrastructure, and the implementation of various government initiatives to promote advanced security solutions protecting sensitive data are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global digital forensics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, tool and end user.
Breakup by Component:
Breakup by Type:
Breakup by Tool:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AccessData Group Inc. (Exterro Inc.), Binary Intelligence LLC, CCL (Solutions) Group Ltd, Digital Detective Group Limited, Global Digital Forensics, KLDiscovery, LogRhythm Inc., Magnet Forensics, MSAB, OpenText Corporation, Oxygen Forensics Inc. and Paraben Corporation.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Type, Tool, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AccessData Group Inc. (Exterro Inc.), Binary Intelligence LLC, CCL (Solutions) Group Ltd, Digital Detective Group Limited, Global Digital Forensics, KLDiscovery, LogRhythm Inc., Magnet Forensics, MSAB, OpenText Corporation, Oxygen Forensics Inc. and Paraben Corporation.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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