Global Digital Forensics Market Is Driven By Growing Security Worries Across Numerous Industries

Global Digital Forensics Market Report, published by Variant Market Research, forecast that the global market was valued at $3 billion in 2016 and expected to reach $7 billion by 2024, growing at a CAGR of 12.6% from 2016 to 2024. In geographical segments, Asia-pacific and Rest of the World (RoW) are expected to grow at a CAGR of 18.1% and 13.8%, respectively, over the forecast period 2016 - 2024.

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The global digital forensics market is majorly driven by growing security worries across numerous industries, surge in sophisticated digital crime and terrorist attractivities. Though, growing complexity of mobile devices and growing uses of cloud based applications may hinder the growth of the market. Additionally, technological advancements and innovation in digital forensic tools would provide several growth opportunities for the market in future years.

The global digital forensics market has been categorized into type, application, and geography. Type segment includes network forensics, computer forensics, cloud forensics, database forensics, mobile device forensics, and other types. Application segment contains healthcare, law enforcement, education, defense & aerospace, financial services & insurance, transportation & logistics, information technology, and banking.

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Among computer forensics accounted for the largest market share in 2016, driven by extensive usage of computer forensics in both private and criminal law investigation, in order to examine, and recover data or evidence related to computer crime. By application segments, the law enforcement application held for the major market share in 2016, due to growing implementation of digital forensics in collecting, analyzing and presenting data as evidences in a court of law. The education segment is predictable to grow at the fastest CAGR during the forecast period, owing to rising requirement for cyber security in education industry.

North America, Europe, Asia-Pacific and Rest of the World (RoW) are the major regions covered in the report. North America accounted for the major market share of 53.1% in 2016, due to technological advancements and growing cyber-crime rates in countries such as U.S. and Canada. Asia-Pacific is expected to attain the fastest CAGR of 18.1% during the forecast period 2016-2024. The growth would be primarily driven by cyber-crimes and growing piracy threats, coupled with increased government expenditure in digitalization of sectors such as law enforcement, information technology, banking, and defense, among others.

The major players in the digital forensics market comprise Binary Intelligence, Global Digital Forensics, LogRhythm, Inc., Lancope, Inc., Paraben Corporation, ASR Data, Guidance Software, Inc., Access Data Group, Fireeye Inc., and Digital Detectives, among others.

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Scope of Digital Forensics Market

Type Segments

• Network Forensics
• Computer Forensics
• Mobile device Forensics
• Cloud Forensics
• Database Forensics
• Others
Application Segments
• Law Enforcement
• Healthcare
• Education
• Banking, Financial services & Insurance (BFSI)
• Information Technology
• Transportation & Logistics
• Defense & Aerospace

Geographical Segments

• North America

o US
o Canada
o Mexico

• Europe

o Germany
o France
o United Kingdom
o Spain
o Others

• Asia-Pacific

o China
o India
o Japan
o South Korea
o Others

• RoW

o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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