According to a research report "Digital Forensics Market demand to be driven by stringent government regulations and the increasing instances of cyber-attacks on enterprises.- Global Forecast to 2022" published by MarketsandMarkets, the market for digital forensics market size to grow from USD 4.15 billion in 2017 to USD 9.68 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=230663168
Services segment is expected to grow at the
highest CAGR during the forecast period
Digital forensic service providers
offer professional and managed services. The professional services segment has
been further segmented into digital investigation and consulting, incident
response, system integration, training and education, and support and
maintenance. Digital forensic services augment the implementation of digital
forensic hardware and software and streamline the strategy of detecting and
analyzing critical data. Moreover, digital forensics services are expensive and
primarily being offered by big firms, such as PwC, KPMG, and E&Y. Hence,
the major portion of the cost incurred is from skilled labor, and
certifications and training.
Computer forensics segment dominate the
digital forensics market during the forecast period
Advancements in technologies have
intensified the sophistication of attacks on digital devices, such as computers
and laptops. The majority of business and personal transactional activities are
performed electronically, wherein deals are performed over emails, and the
confidential data is saved on personal address books and hard drives. The
identification, preservation, collection, analysis, and reporting on evidence
found on such devices are termed as computer forensics. Computer forensics has
received a fair deal of recognition and attention from various government
agencies and regulators. The computer forensic software and hardware are
capable of recovering data from encrypted, deleted, and password-protected
files.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=230663168
Massive use of IoT devices to increase the
demand for digital forensics solutions and services
IoT
refers to interconnected devices that have ubiquitous communication and
connection between them. According to Ericsson’s Mobility Report and the
Internet of Things Forecast, there will be 18 billion IoT devices by 2022.
Widespread use of IoT devices is observed in several application areas, such as
smart city projects, smart transportation, vehicular connectivity and
autonomous vehicles, smart grids, and smart homes. In the event of a
cyber-attack, the in-house security team has to analyze every data storage
location to recover traces of the lost data. The security team has to ensure
the data traces can aid in the reconstruction of the entire data on IoT
devices.
Encryption to be a major roadblock in digital
forensics
Encryption is the process of converting
plain text into cipher text. Encryption algorithms are divided into 2 types:
symmetric and asymmetric algorithms. Symmetric algorithms use only one key for
converting data, whereas asymmetric algorithms use 2 keys (public and private
keys) for data conversion. In asymmetric algorithms, the plain text is ciphered
with the public key. Only those participants who possess the appropriate
private key can decipher the data. Some of the significant asymmetric
algorithms are Rivest- Shamir-Adleman (RSA), advanced encryption standard, and
data encryption standard. Data security regulations and compliances are
encouraging customers to rely on data security measures, such as encryption,
tokenization, anonymization, and pseudonymization.
Rise in the use of cryptocurrencies to open
new avenues in digital forensics market
Cryptocurrency is a digital asset that
works in a decentralized manner and makes use of cryptographic algorithms for
secure data transfer. Cryptocurrencies are not regularized and issued by the
central government. Cryptocurrency exchange is a simple process between 2
parties. Cryptocurrency transactions involve the exchange of public and private
keys between 2 parties. The transaction fee is also minimal.
Speak to Our Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=230663168
North America to hold the largest market size
during the forecast period
North America is estimated to be the
largest contributor to the global digital forensics market in 2017, as the
region has always been most receptive to the adoption of digital forensics.
Moreover, it is home to several digital forensics key players. Most of the
organizations in the region have adopted the cloud technology for streamlining
work processes. Additionally, the rapid penetration of mobile devices, such as
smartphones, laptops, and USBs to assist business continuity, have further
accelerated the frequency of cyber-attacks in this region. The widespread
adherence to data compliance regulations by all enterprises and the rapid
deployment of the cloud are expected to act as key growth drivers of the North
American digital forensics market.
Major
vendors in the global digital forensics market include AccessData (US),
Cellebrite (Israel), MSAB (Sweden), OpenText (Canada), Oxygen Forensics (US),
ADF Solutions (US), Coalfire (US), Digital Detective (US), LogRhythm (US),
Magnet Forensics (Canada), Paraben (US), and Nuix (Australia). These vendors
have adopted various organic and inorganic growth strategies, such as new
product launches, partnerships and collaborations, and mergers and
acquisitions, to further expand their presence in the global digital forensics
market.
About
MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70% to 80% of worldwide
companies’ revenues. Currently servicing 7500 customers worldwide including 80%
of global Fortune 1000 companies as clients. Almost 75,000 top officers across
eight industries worldwide approach MarketsandMarkets™ for their painpoints
around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking
global high growth markets following the "Growth Engagement Model –
GEM". The GEM aims at proactive collaboration with the clients to identify
new opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for both
the company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and market research
platform, "Knowledge Store" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
No comments:
Post a Comment