Digital Forensics Market Chief Industry Participants Include AccessData, Perkinelmer,Guidance Software, FireEye,Oxygen Forensics And Logrhythm

Digital forensics is used for preservation, identification, extraction, and interpretation of computer evidence. The aim of digital forensics is to preserve evidence in its most original form while performing a structured investigation by collecting, identifying, and validating digital information for the purpose of reconstructing of past events. Major benefits of digital forensics is that it can aid in efficiently tracking down cyber criminals and terrorists, globally.

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"Cloud Forensics will provide the growth opportunity for the digital forensics market"

The major factor for fast growth rate of the cloud forensics segment is increasing adoption of cloud computing by companies globally. Organizations in sectors such as BFSI, retail, and government are shifting their workload in the cloud for cost-savings, agility, and flexibility, which has led to increasing susceptibility for cyber-attacks. For instance, according to the CISCO’s analysis, the global cloud IP traffic is expected to reach 19.5 ZB by the end of 2021, up from 6.0 ZB in 2016. Therefore, demand for cloud forensics is expected to increase along with increase in shifting of workload to the cloud.

"Based on verticals government and defence segment is expected to account for the largest market share over the forecasted period"

On the basis of verticals, government and defense segment is expected to hold the largest market share during the forecast period. Government and defense vertical is the most susceptible segment to cyber-attacks. Cyber-attacks on this segment is for political gains, terrorism, or for regional rivalry. For instance, according to Coherent Market Insights’ analysis, in 2015, the cyber-attacks in government and defense sector was around 7% of global cyber-attacks in all sectors, which reached to 14% in 2017. Therefore, government agencies are more concerned for cyber security and data privacy. Thus, government and defense sector is adopting best-in-class digital forensic solutions and services, which is expected to aid in growth of the market.

"Digital Forensics market: Competitive Background"

Some of the prominent players in the global digital forensics market are AccessData, Perkinelmer, Inc. Guidance Software, Inc., FireEye, Inc.,Oxygen Forensics, Paraben Corporation Nuix Pty Ltd. , Logrhythm , Binary Intelligence LLC Cellmark, CCL Solutions Group Ltd., IBM Corporation, Magnet Forensics Inc., Cisco Systems, Inc., Lancope Inc., and SecureWorks Inc.

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Digital Forensics Market: Taxonomy

By Forensic Type

- Computer forensics
- Network forensics
- Mobile device forensics
- Cloud forensics

By Tools

- Data acquisition and preservation
- Forensics data analysis
- Data recovery
- Review and reporting
- Forensic decryption
- Others

By Verticals

- Government and defense
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail
- Healthcare
- Others

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This release was published on openPR.