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Digital Forensics Market worth $24.69 billion by 2030, growing at a CAGR of 12.07% - Exclusive Report by 360iResearch
Digital Forensics Market | 360iResearch
The Global Digital Forensics Market to grow from USD 11.11 billion in 2023 to USD 24.69 billion by 2030, at a CAGR of 12.07%.
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Digital forensics encapsulates an array of professional services that revolve around investigating and recovering data in digital devices. Digital forensics includes systematically inspecting computer systems, networks, software, and digital devices to discover and identify potential evidence of cyber crimes. The increasing incidence of cybercrime, data breaches, and digital misconduct activities worldwide has surged the need for e-discovery of data for legal and litigation support. The rising adoption of cloud systems within small & medium enterprises using cloud forensics is also responsible for the market growth. However, the technical complexity of digital forensics and the need for specialized resources may limit the market adoption of digital forensics solutions. Limitations associated with data encryption of digital evidence also emerged as a concerning factor for the market growth. Moreover, the advancements in digital forensics tools & AI & ML technologies are expected to create opportunities for market growth. The ongoing collaborations between digital forensics providers and corporate investigators are also anticipated to captivate advantageous prospects in the market.
In the Americas, the digital forensics market is growing precipitously due to increasing cybercrimes and strict regulations for data protection. Major countries such as the United States, Canada, and Brazil have shown significant growth resulting from advancements in cyber legislation and extensive consumer awareness about the importance of data security. In Europe, data protection regulations foster growth in major countries such as Germany, Italy, and the United Kingdom for discovering and identifying potential evidence of cyber crimes. Increasing online transactions, government initiatives, and rising awareness about data security are contributing to significant market growth in the APAC region. The rising number of technology startups in the region has also contributed to the market growth.
Market Segmentation & Coverage:
This research report categorizes the Digital Forensics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Cloud Forensics, Mobile Device Forensics, and Network Forensics. The Mobile Device Forensics commanded largest market share of 36.79% in 2023, followed by Network Forensics.
Based on Component, market is studied across Hardware, Services, and Software. The Software commanded largest market share of 38.62% in 2023, followed by Services.
Based on Deployment, market is studied across Cloud-Based and On-Premise. The Cloud-Based commanded largest market share of 55.11% in 2023, followed by On-Premise.
Based on Application, market is studied across Data Recovery, e-Discovery, Incident Response, Regulatory Compliance, and Risk Management. The Incident Response commanded largest market share of 20.22% in 2023, followed by Data Recovery.
Based on Vertical, market is studied across Banking, Finance & Insurance, Education, Energy & Utilities, Government & Defense, Healthcare, IT & Telecom, and Law Enforcement. The Law Enforcement commanded largest market share of 19.36% in 2023, followed by Banking, Finance & Insurance.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.45% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Digital Forensics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Digital Forensics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Digital Forensics Market, highlighting leading vendors and their innovative profiles. These include Amazon Web Services, Inc., Ambient AI, Inc., BasisTech LLC, Binalyze OÜ, Binary Intelligence, LLC, Blackhawk Intelligence Limited, BlueVoyant LLC, Bounga Informatics Pte Ltd., Cado Security, Carahsoft Technology Corp., CCL Solutions Group Ltd, CDS Defence & Security by Bailie Group, Cellebrite DI Ltd. by SunCorporation, Cisco Systems, Inc., Commvault Systems, Inc., Consilio LLC, CY4OR Legal Limited, Cyacomb Ltd., Cyint Technologies, Deloitte Touche Tohmatsu Limited, Detego Global, Digital WarRoom, Downstreem LLC, ECS Infotech Pvt. Ltd., Elcomsoft Co. Ltd., Epiq Systems, Inc., Exterro, Inc., FRONTEO Inc., FTI Consulting, Inc., International Business Machines Corporation, KLDiscovery Inc., Kroll, LLC by Duff & Phelps Corporation, Lab Systems (I) Pvt. Ltd., LogRhythm, Inc., Magnet Forensics Inc., Mazars Group, McCarthy Tétrault LLP, Micro Systemation AB, Microsoft Corporation, Nuix Limited, OpenText Corporation, Optiv Security Inc., Oracle Corporation, Oxygen Forensics, Inc., Palo Alto Networks, Inc., Paraben Corporation, Pelorus Technologies, ProDiscover Forensics by DotC Technologies Pvt Ltd., Reveal Data Corporation, SentinelOne, Inc., SysTools Software Private Limited, Tata Consultancy Services Limited, Technology Concepts & Design, Inc., Varutra, X-Ways Software Technology AG, and XLY SalvationDATA Technology Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Digital Forensics Market, by Type
7. Digital Forensics Market, by Component
8. Digital Forensics Market, by Deployment
9. Digital Forensics Market, by Application
10. Digital Forensics Market, by Vertical
11. Americas Digital Forensics Market
12. Asia-Pacific Digital Forensics Market
13. Europe, Middle East & Africa Digital Forensics Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Digital Forensics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Digital Forensics Market?
3. What is the competitive strategic window for opportunities in the Digital Forensics Market?
4. What are the technology trends and regulatory frameworks in the Digital Forensics Market?
5. What is the market share of the leading vendors in the Digital Forensics Market?
6. What modes and strategic moves are considered suitable for entering the Digital Forensics Market?
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