Digital Forensics Market by Type (Cloud Forensics, Mobile Device Forensics, Network Forensics), Component (Hardware, Services, Software), Deployment, Application, Vertical - Global Forecast 2024-2030
Description
Digital Forensics Market by Type (Cloud Forensics, Mobile Device Forensics, Network Forensics), Component (Hardware, Services, Software), Deployment, Application, Vertical - Global Forecast 2024-2030
The Digital Forensics Market size was estimated at USD 11.11 billion in 2023 and expected to reach USD 12.42 billion in 2024, at a CAGR 12.07% to reach USD 24.69 billion by 2030.
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.
Regional Insights
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 Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Digital Forensics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Increasing cybercrime, data breaches, and digital misconduct activities worldwide
- Need for e-discovery and expert witness for legal and litigation support
- Rising adoption of cloud systems among SMEs with utilization of cloud forensics
- Market Restraints
- Technical complexity of digital forensics and need for specialized resources
- Market Opportunities
- Advancements in digital forensics tools & technologies based on AI & ML
- Collaborations between digital forensics providers and corporate investigators
- Market Challenges
- Limitations associated with data encryption and admissibility of digital evidence
- Market Segmentation Analysis
- Type: Rising utilization of cloud forensics for enterprise data security
- Component: Improvements in digital forensic software components
- Deployment: Rising cloud-based deployment of digital forensics tools
- Application: Emerging applications for cybersecurity risk management
- Vertical: Emerging practices of digital forensic tools across law enforcement and education
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Digital Forensics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Digital Forensics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- Softcell and Binalyze Announce Strategic Partnership to Provide Digital Forensics and Incident Response Solutions in India
Digital Forensics Softcell and Binalyze announced a strategic partnership to offer comprehensive digital forensics and incident response solutions in India. The primary objective of this collaboration is to establish digital forensics and incident response teams in India. The collaboration combines Softcell’s IT expertise and Binalyze’s experience in the Digital Forensics and Incident Response(DFIR) platform.
Exterro Revolutionizes Forensic Investigations with the Launch of FTK 8.0
Exterro introduced Exterro FTK 8.0, a digital investigations solution that received accolades for its application in court proceedings. FTK 8.0 is equipped with advanced automation that expedites forensic workflows and reduces the time spent on case creation and evidence processing.
SentinelOne Launches Singularity RemoteOps Forensics for Incident Response and Evidence Acquisition
SentinelOne expanded its forensics capabilities by announcing the release of Singularity RemoteOps Forensics, a new digital forensics product offering that brings incident response readiness to companies. The product equips companies with the ability to execute efficient and streamlined investigation and response activities with high speed and scale.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Digital Forensics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
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..
Market Segmentation & Coverage
This research report categorizes the Digital Forensics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Type
- Cloud Forensics
- Mobile Device Forensics
- Network Forensics
- Component
- Hardware
- Services
- Software
- Deployment
- Cloud-Based
- On-Premise
- Application
- Data Recovery
- e-Discovery
- Incident Response
- Regulatory Compliance
- Risk Management
- Vertical
- Banking, Finance & Insurance
- Education
- Energy & Utilities
- Government & Defense
- Healthcare
- IT & Telecom
- Law Enforcement
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
Table of Contents
199 Pages
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing cybercrime, data breaches, and digital misconduct activities worldwide
- 5.1.1.2. Need for e-discovery and expert witness for legal and litigation support
- 5.1.1.3. Rising adoption of cloud systems among SMEs with utilization of cloud forensics
- 5.1.2. Restraints
- 5.1.2.1. Technical complexity of digital forensics and need for specialized resources
- 5.1.3. Opportunities
- 5.1.3.1. Advancements in digital forensics tools & technologies based on AI & ML
- 5.1.3.2. Collaborations between digital forensics providers and corporate investigators
- 5.1.4. Challenges
- 5.1.4.1. Limitations associated with data encryption and admissibility of digital evidence
- 5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising utilization of cloud forensics for enterprise data security
- 5.2.2. Component: Improvements in digital forensic software components
- 5.2.3. Deployment: Rising cloud-based deployment of digital forensics tools
- 5.2.4. Application: Emerging applications for cybersecurity risk management
- 5.2.5. Vertical: Emerging practices of digital forensic tools across law enforcement and education
- 5.3. Market Trend Analysis
- 5.3.1. Growing number of cybercrime and significant number of established digital forensic firms in the Americas
- 5.3.2. Growing government support to encourage the adoption of digital forensics to investigate cybercrime attacks in the APAC region
- 5.3.3. Expanding usage of digital forensics coupled with government investing in extensive training for improving digital forensics capabilities in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Digital Forensics Market, by Type
- 6.1. Introduction
- 6.2. Cloud Forensics
- 6.3. Mobile Device Forensics
- 6.4. Network Forensics
- 7. Digital Forensics Market, by Component
- 7.1. Introduction
- 7.2. Hardware
- 7.3. Services
- 7.4. Software
- 8. Digital Forensics Market, by Deployment
- 8.1. Introduction
- 8.2. Cloud-Based
- 8.3. On-Premise
- 9. Digital Forensics Market, by Application
- 9.1. Introduction
- 9.2. Data Recovery
- 9.3. e-Discovery
- 9.4. Incident Response
- 9.5. Regulatory Compliance
- 9.6. Risk Management
- 10. Digital Forensics Market, by Vertical
- 10.1. Introduction
- 10.2. Banking, Finance & Insurance
- 10.3. Education
- 10.4. Energy & Utilities
- 10.5. Government & Defense
- 10.6. Healthcare
- 10.7. IT & Telecom
- 10.8. Law Enforcement
- 11. Americas Digital Forensics Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Digital Forensics Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Digital Forensics Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. Softcell and Binalyze Announce Strategic Partnership to Provide Digital Forensics and Incident Response Solutions in India
- 14.3.2. Exterro Revolutionizes Forensic Investigations with the Launch of FTK 8.0
- 14.3.3. SentinelOne Launches Singularity RemoteOps Forensics for Incident Response and Evidence Acquisition
- 14.3.4. Molten Ventures Backs Estonian Cybersecurity Start-Up Binalyze
- 14.3.5. Cellebrite Enhances Evidence & Workflow Management Tech for Digital Forensics and Investigative Units with New Capabilities
- 14.3.6. Legal GRC Platform Exterro Announces Acquisition of E-Discovery Provider Zapproved
- 14.3.7. Palo Alto Networks Expands its Unit 42 Digital Forensics and Incident Response Service
- 14.3.8. Cobwebs Technologies Partners with Magnet Forensics to Offer Industry Leading Investigation Capabilities
- 14.3.9. Acalvio and Carahsoft Partner to Deliver Advanced Cyber Deception Technology to the Public Sector
- 14.3.10. Magnet Forensics Inc. Enters into Definitive Agreement to be Acquired by Thoma Bravo
- 14.3.11. Magnet Forensics Brings Digital Forensic Solutions to Aus
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
Pricing
Currency Rates
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