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What's driving the Digital Forensics Market growth? Key Players are: Accessdata, FireEye, Kroll Associates, Binary Intelligence, Cyfor, LogRhythm, Magnet Forensics, QDiscovery, Digital Forensics

07-03-2019 07:51 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

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What's driving the Digital Forensics Market growth? Key Players

Digital forensics market is expected to grow to US$ 6.95 billion by 2025 from US$ 3.08 billion in 2017. The sales of digital forensics is largely influenced by numerous economic and environmental factors and the global economy plays a key role in the development of digital forensics market. Today, there has been an explosion of digital devices and the estimated number of devices in use is approximately around half the population of the earth. Also, businesses have grown increasingly dependent on the cloud-based technologies owing to cost advantages and lesser total cost of ownership of the data. Focusing on core competencies of business has been the most common practice followed by large and successful business around the globe. And thus, carrying business related operations in-house while outsourcing the rest to third parties has been the most commonly found practice amongst businesses.

Globally, North America leads the market in terms of revenue, however for the coming years APAC is anticipated to grow exponentially. APAC is a rapidly developing region with several technological initiatives taking place simultaneously. Some of the developed countries such as China and Japan have readily adopted digital forensics in various sectors, otherwise the technology is still in the developing phase in other majority countries of APAC. Moreover, with the adoption of digital devices and advent IoT in the region's government sector and also in different organizations, for the improvement of their business for enhancement of efficiency and modernization across the industrial, healthcare, enterprise, retail and municipality sectors the security issue is also expected to ascend.

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The pace at which digitalization is growing the world is anticipated to thrive for highly skilled professionals that can efficiently address and catapult the demand for digital forensics. To suffice the demand for awareness and understanding of digital forensics the government across the globe are organizing programs that support education of digital forensics. For instance, the University of Illinois at Urbana has taken an initiative to train its students on digital forensics and is anticipated to contribute to the increasing demand for skilled professionals in this field. Apart from this, Malaysia also has been promoting the readiness towards digital forensics and incorporates dedicated institute for digital forensics.

People these days are extensively inclined towards open networks like internet where business transactions, commercial activities and government services have become very frequent. This has further resulted into robust development and evolution of information security challenges and cyber threats. Furthermore, the diffusion of IoT (Internet of Things) paradigms, particularly in industrial sectors are anticipated to generate a new wave of misconducts including cyber-attacks jeopardizing an individual's personal security and industrial espionage. The challenges in the digital forensics are further intensified by the leveraging usage of anti-forensics in malware, and cyber threat. However, the law-makers and digital forensics experts are constantly putting efforts to enhance their skills and abilities to dig out artefacts, and digital activities that are often hidden in massive database.

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The overall market size has been derived using both primary and secondary source. The research process begins with an exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Also, primary interview were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the digital forensics industry.

TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 Scope of the Study 13
1.2 The Insight Partners Research Report Guidance 13
2 Key Takeaways 14
2.1 Growth of digitalization in APAC is expected to drive the global market growth. 14
2.2 Cloud forensics would be the fastest growing segment during the forecast period 14
2.3 Software solutions to exhibit highest CAGR during the forecast period 14
3 Digital Forensics Market Landscape 16
3.1 MARKET OVERVIEW 16
3.2 MARKET SEGMENTATION 17
3.2.1 Digital Forensics Market - By Type 18
3.2.2 Digital Forensics Market - By Component 18
3.2.3 Digital Forensics Market - By end-User 19
3.2.4 Digital Forensics Market - By Geography 19
3.3 PEST Analysis 20
4 Digital Forensics Market - Key Industry Dynamics 30
4.1 Drivers 30
4.1.1 Rapidly intensifying cyber-security threats coupled with rapid digital transformations across a large number of industry verticals 30
4.1.2 Exponential increase in the number of mobile digital devices 30
4.1.3 Escalating demands for the fast-tracking of asset recovery and detection of security breaches 31
4.2 Restraints 31
4.2.1 Rise of anti-forensic techniques coupled with legal challenges 31
4.3 Opportunities 32
4.3.1 The ever expanding cloud network and applications 32
4.4 Future Trends 32
4.4.1 Artificial Intelligence Revolution in digital forensics 32
4.5 Impact Analysis Of Drivers And Restraints 33
5 Digital Forensics Market - Global Market Analysis 34
5.1 DIGITAL FORENSICS GLOBAL MARKET OVERVIEW 34
5.2 DIGITAL FORENSICS MARKET AND FORECAST ANALYSIS 34
6 Digital Forensics Market Revenue And Forecasts To 2025 - End-User 36
6.1 Overview 36
6.2 Global Digital forensics Market Breakdown By ens-user, 2017 & 2025 36
6.3 BFSI 37
6.3.1 Overview 37
6.3.2 BFSI market forecast and analysis 37
6.4 Government 38
6.4.1 Overview 38
6.5 Healthcare 39
6.5.1 Overview 39
6.5.2 Healthcare forecasts and analysis 39
6.6 Retail 40
6.6.1 Overview 40
6.6.2 Retail forecasts and analysis 40
6.7 Manufacturing 42
6.7.1 Overview 42
6.7.2 Manufacturing forecasts and analysis 42
6.8 Communications & Media Services 43
6.8.1 Overview 43
6.8.2 Communications & Media Services forecasts and analysis 43
7 Digital Forensics Market - By Type 44
7.1 Overview 44
7.2 DIGITAL FORENSICS MARKET - BY TYPE, FORECAST AND ANALYSIS 44
7.3 End-point Forensics market 44
7.3.1 Overview 44
7.3.2 End-Point Forensics Market - Forecast & Analysis 45
7.4 Network Forensics market 45
7.4.1 Overview 45
7.4.2 Network Forensics Market - Forecast & Analysis 46
7.5 Cloud Forensics market 46
7.5.1 Overview 46
7.5.2 Cloud Forensics Market - Forecast & Analysis 47
7.6 Mobile Forensics market 47
7.6.1 Overview 47
7.6.2 Mobile Forensics Market - Forecast & Analysis 48
8 DIGITAL FORENSICS MARKET - BY COMPONENT 49
8.1 Overview 49
8.2 Digital Forensics Market - by Component, forecast and analysis 49
8.3 Software Market 50
8.3.1 Overview 50
8.3.2 Software Forensics Market - Forecast & Analysis 50
8.4 Service Market 51
8.4.1 Overview 51
8.4.2 Service Market - Forecast & Analysis 51

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