Digital Forensics Market Booming the Industries by Ravisisng keyplayers | AccessData, Perkinelmer, Inc. Guidance Software, Inc., FireEye, Inc.,Oxygen Forensics, Paraben Corporation Nuix Pty Ltd. , Logrhythm , Binary Intelligence LLC Cellmark, CCL Solution

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. It can track down criminals that utilises internet for communication with help digital forensics tools.

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Increasing cyber-attacks on enterprises is one of the major driving factors for growth of the market

Organizations are increasingly focusing on digitization of data and the sharing of this large volume of data in an external and internal environment has made organizations susceptible to cybercrime. Thus, cyber-attack hampers enterprises negatively (in terms of revenue loss and data breach) as well as the reputation and brand of the company.

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.

Digital Forensics Market: Regional Insights

North America accounted for largest market share in global forensics market in 2017, owing increasing number of cyber-attacks in this region. The region also have the well-established infrastructure that allows faster implementation of advanced technologies. Hence, growing number of data breaches will positively aid in growth of the digital forensics market in this region.

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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.

Digital Forensics Market: Taxonomy

By Component

• Hardware
• Software
• Services

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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