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Digital Forensics Market is projected to grow at a CAGR of 9.32 % over the forecast period (2018-2023)| Top Vendors - ACCESSDATA, GUIDANCE SOFTWARE INC., FIREEYE INC., LOGRHYTHM, INC., OXYGEN FORENSICS INC., STROZ FRIEDBERG, SECUREWORKS INC., amongst othe

03-10-2019 12:24 PM CET | IT, New Media & Software

Press release from: Market Prognosis

Market Analysis:

Asia-Pacific to have the Highest Growth
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 crypto-currency trading owing to which the hacker’s prime target is to steal these coins.

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Digital forensics or computer forensics deals with the activity of collecting, identifying, extracting, and analyzing evidence from digital devices, such as computers, laptops, hard disks, etc. This type of forensics is used in criminal and civil court cases. Currently, this technology is being highly used in the private sector for their internal investigations. The rise in cyber-criminal activities is expected to have a positive impact on the digital forensics market growth over the forecast period. 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. The services offered by the industry players are expected to witness the highest growth over the next six years owing to a wide range of managed and professional services. This is expected to increase the usage of services offered, thereby, fueling the market growth over the forecast period.

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Market Segments:
Digital Forensics Market is segmented by:
1. Component: Hardware, Software, Services
2. Type: Computer Forensics, Mobile Device Forensics, Network Forensics, Others
3. End-User Vertical: Telecommunication & IT, BFSI, Retail, Automotive, Government, Healthcare, Manufacturing, Others (Utility, Transportation & Logistics)
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Recent Developments
• February 2018 - Access Data introduced next-gen competences for directing digital investigations or forensics which is likely to boost the company’s financial and expand their product portfolio.
• July 2017 - Guidance Software was acquired by Open Text, a leader in Enterprise Information Management operating globally. This acquisition is expected to bring more customers and expand regional presence.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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