Digital Forensics Market to Register Impressive Expansion of USD 17.08 Billion with Excellent CAGR of 12.40 % by 2029

Digital Forensics is the most relatable, exclusive, and commendable market research report formulated by focusing on definite business needs. A study about market overview is performed by considering market drivers, market restraints, opportunities and challenges. Moreover, this market document contains significant data, current market trends, market environment, technological innovation, upcoming technologies and the technical progress in the allied industry. The competitive analysis conducted in this report covers strategic profiling of key market players, their core competencies, and competitive landscape. To gain meaningful market insights and thrive in this competitive market place, global Digital Forensics Market research report plays a key role.

Digital forensics refers to a branch of forensic science that focuses on identifying, acquiring, processing, analysing, and reporting data stored electronically. Electronic evidence is a component of almost all criminal activities, and digital forensics support is crucial for law enforcement investigations. Digital forensics involves collecting electronic evidence from various sources, such as computers, smartphones, remote storage, unmanned aerial systems, and shipborne equipment. The methodology generally followed includes extraction of data from the electronic evidence, processing it into actionable intelligence, and presenting the prosecution findings.

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Global Digital Forensics Market was valued at USD 6.70 billion in 2021 and is expected to reach USD 17.08 billion by 2029, registering a CAGR of 12.40% during the forecast period of 2022-2029. Computer Forensics accounts for the largest software segment in the respective market owing to the increase in the popularity among various government agencies and regulators. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Key Ventures Operating in the Digital Forensics Market Includes:

Cellebrite (Israel)
MSAB (Sweden)
Oxygen Forensics (US)
Digital Forensics Corporation (US)
Digital Detective Group Limited (UK)
Barracuda Networks, Inc. (US)
Open Text Corporation (Canada)
LogRhythm, Inc. (US)
Kroll, LLC (US)
Magnet Forensics (Canada)
NUIX (Australia)
CY4OR Legal Limited (UK)
Flatworld Solutions Pvt. Ltd. (India)
Fire Eye, Inc. (US)
Coalfire (US)
Paraben Corporation (US)
iDiscovery Solutions, Inc. (UK)
PT&C Forensic Consulting Services P.A. (US)
Grayshift (US)
LIFARS (US)
Passware (Estonia)
Cado Security (UK)
TCS Forensics (Canada)
PwC (UK)
Exterro, Inc (US)
IBM (US)
ADF Digital Forensics (US)
Binary Intelligence, LLC (US)
KLDiscovery (US)
Optiv Security Inc. (US)

Key Market Segments:

Component

Hardware
Software and Tools
Services

Type

Computer Forensics
Mobile Device Forensics
Network Forensics
Database Forensics
Malware Forensics
Email Forensics
Automotive Forensics
Drone Forensics
Others

Application

Fraud Investigations
Intellectual Property Theft
Industrial Espionage
Forgery-Related Matters
Bankruptcy Investigations
Issues Concern with the Regulatory Compliance
Employment Disputes
Inappropriate use of the Internet
Email in the Workplace

Industry

Government and Defense
Banking, Financial Services, and Insurance
Telecom and IT
Retail
Transportation and Logistics
Law Firms
Healthcare
Media and Entertainment
Others

Mode of Purchase

Group Purchase
Individual

Distribution Channel

Third Party Distributor
Retail Sales
Online Sales
Others

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The wide-ranging Digital Forensics report contains market data that provides a detailed analysis of this industry and its impact based on applications and on different geographical regions, and systemic analysis of growth trends and future prospects. Furthermore, this market research report presents delegate overview of the market in following terms; identify industry trends, measure brand awareness, potency, and insights, and offers competitive intelligence. It covers a thorough study of current situation of the global market along with several market dynamics. All the data, statistics and information is backed up by well-established analysis tools which include SWOT analysis and Porter's Five Forces analysis. Being an excellent in quality, Digital Forensics Market research report gains customer confidence and trust.

Digital Forensics Market Regional Analysis/Insights:

The countries covered in the digital forensics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the digital forensics market because of presence of large number of dominating and local players within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the use of cloud environment for data storage in the region.

Recent Developments:

LogRhythm acquired MistNet with the aim of enhancing SIEM (security information and event management) with cloud-based analytics, threat detection and network visibility in January'2021. The acquisition enables users to deliver machine-learning-based detection and response capabilities.
Paraben launched E3 Forensic Platform with the 2.7 version in October'2020. The 2.7 version adds Support for Slack with cloud acquisitions, iOS 14 support for acquisition and analysis, ExFAT file system support and analysis, and Android 11 support for acquisition and analysis.

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Aims of the Digital Forensics study:

Describe the Hottest Digital Forensics advancements, promote stocks, and strategies employed by most important players;
Exploration over the areas which can be anticipated to Find that the quickest growing growth in the vaticination interval;
To Rethink openings for stakeholders by relating high- growth parts of their Digital Forensics business;
To determine and prognosticate the client participation results business, Digital Forensics assiduity measures, verticals, and dissect different macro-and microeconomic factors which affect request growth;
To achieve home- grounded company decision and place on weight to Give and marketing material and Earn a competitive understanding of all Digital Forensics request- leading gamers;
To outline crucial request players and give relative analysis grounded on business overviews, product immolations, indigenous presence, business programs, to Grasp the competitive arena;
Exploration about the kind that's anticipated to Regulate exactly the Digital Forensics
Assessing an Multifariousness of perspectives with This request with the Help of both gatekeeper's five forces disquisition;
To track and examine competitive progress similar as Digital Forensics combinations & accessions, agreements & contracts

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