Digital Forensics Market is Expected to Exceed US$ 5.37 Billion globally by 2023, growing at a CAGR of 9.32% (AccessData, Guidance Software, FireEye, LogRhythm, Oxygen Forensics, Stroz Friedberg, Secureworks)
Overview of the Global Digital Forensics Market:
The Global Digital Forensics Market was worth USD 3.14 Billion in 2017 and is projected to reach USD 5.37 Billion by 2023 growing at a CAGR of 9.32% over the forecast period (2018 – 2023).
The scope of the report is limited to component hardware, software, services, and type, along with the segmentation based on type, including computer forensics, mobile device forensics, network forensics, and others. The report is segmented on the basis of end-user verticals into telecommunication & IT, BFSI, retail, automotive, government, healthcare, manufacturing, and others. The regions considered in the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study emphasizes the benefits of digital forensics with respect to diverse industries and the future prospects of the same.
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The adoption of cloud computing in a diverse application like forensics is increasing at a rapid pace owing to the ease of sharing and storing data on a packed budget. Moreover, with the rising crime rate, the need for data protection is growing which is likely to increase the utilization , thereby, propelling the market growth over the forecast period. Usually, a criminal leaves behind a digital trace of their activity, the key target for an investigation is to recover and catch hold of this digital trace. In addition, the most common application of digital forensics is in both criminal as well as private investigation. An example for this could be the follow up of an unauthorized network intrusion. A specialist forensic examination into the nature and extent of the attack is performed as a damage limitation exercise. Digital forensics could be used to both easily establish the extent of this intrusion and identify the attacker. The key intent behind digital forensics is to recover objective evidence of a criminal activity.
There is a surge in internet users in the Asia-Pacific region, specifically in India and China, owing to the rapid integration of Internet of Things (IoT). This is leading to an increase in the internet-based crime rates in the region, which is expected to be the key driver for the market growth. In addition, there is a rising trend of cryptocurrency trading owing to which the hacker’s prime target is to steal these coins. In February 2018, the government website of Australia was compromised/ hacked to mine Bitcoin and other cryptocurrencies. These situations are increasing the need for digital forensics, thereby, propelling the market growth and opportunities.
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Major Key Players:
2 Guidance Software Inc.
3 FireEye Inc.
4 LogRhythm, Inc.
5 Oxygen Forensics Inc.
6 Stroz Friedberg.
7 Secureworks Inc.
This study answers to the below key questions:
1 What will the market size be in 2023 and what will the growth rate be?
2 What are the key market trends?
3 What are the challenges to market growth?
4 Who are the key players in this market?
5 What are the market opportunities and threats faced by the key players?
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In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Digital Forensics Market.
Table of Contents:
2 Research Approach and Methodology
3 Executive Summary
4 Digital Forensics Market Dynamics
5 Technology Snapshot
6 Global Digital Forensics Market Segmentation
7 Vendor Market Share
8 Digital Forensics Market Competitive Intelligence – Company Profiles
9 Opportunities in Global Digital Forensics Market
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