Digital Forensics Market Analysis, Key Growth Drivers, Leading Key Players Review, Demand and Upcoming Trend by Forecast to 2022

According to a research report "Digital Forensics Market by Component (Hardware, Software, and Services), Type (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets, The digital forensics market size is expected to grow from USD 4.62 Billion in 2017 to USD 9.68 Billion by 2022 , at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period. The demand for digital forensics is expected to be driven by stringent government regulations and the increasing instances of cyber-attacks on enterprises. Moreover, the massive use of Internet of Things (IoT) devices is expected to increase the demand for digital forensics software 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.

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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. Furthermore, due to the high adoption of cloud-based applications in North America, the number of attacks is increasing dramatically and becoming more sophisticated. Hence, various government and law enforcement agencies in the US are taking initiatives toward strengthening the digital forensic sector.

Key Market Players

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

 

 

 

 

 

 

 

 

 

 

 

Digital Forensics Market Future Scope, Size Estimation, Revenue, Pricing Trends, Regional Outlook and Forecast to 2022

According to a research report "Digital Forensics Market by Component (Hardware, Software, and Services), Type (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets, The digital forensics market size is expected to grow from USD 4.62 Billion in 2017 to USD 9.68 Billion by 2022 , at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period. The demand for digital forensics is expected to be driven by stringent government regulations and the increasing instances of cyber-attacks on enterprises. Moreover, the massive use of Internet of Things (IoT) devices is expected to increase the demand for digital forensics software 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

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. Furthermore, due to the high adoption of cloud-based applications in North America, the number of attacks is increasing dramatically and becoming more sophisticated. Hence, various government and law enforcement agencies in the US are taking initiatives toward strengthening the digital forensic sector.

Key Market Players

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

 

 

 

 

 

 

 

 

 

 

 

Digital Forensics Market Size, Share, Revenue, Business Growth, Demand and Applications to 2022

The report "Digital Forensics Market by Component (Hardware, Software, and Services), Type (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool, Vertical, and Region - Global Forecast to 2022", The digital forensics market size is expected to grow from USD 4.62 Billion in 2017 to USD 9.68 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period. The demand for digital forensics is expected to be driven by stringent government regulations and the increasing instances of cyber-attacks on enterprises. Moreover, the massive use of Internet of Things (IoT) devices is expected to increase the demand for digital forensics software during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=230663168

The computer forensics segment is expected to hold the largest market share during the forecast period

Advancements in technologies have intensified the sophistication of attacks on digital devices, such as computers and laptops. A majority of the 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 Banking, Financial Services, and Insurance (BFSI) vertical is expected to grow at the fastest rate during the forecast period

The BFSI vertical is subject to cybercrimes and digital frauds. The use of sophisticated cyber-attacking tools and the inability of cybersecurity solutions to detect attacking elements result in huge financial losses for the BFSI vertical. Moreover, mobile banking has also led to an increase in fraud incidents, wherein attackers have gained access to customer information and data. The digital forensic providers help the BFSI vertical by providing intelligent gathering mechanism, dedicated forensic tools for investigation, and forensic investigation training to gather digital evidence. Hence, this vertical is expected to grow at the fastest rate as compared to that of the other verticals.

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North America is expected to contribute to the largest market share, whereas Asia Pacific (APAC) is expected to grow at the fastest rate during the forecast period

 

North America is believed to be the foremost potential market, owing to the presence of a large number of players offering digital forensics in this region. This region is expected to hold the largest market size during the forecast period, as this region observes high demand from customers, which include both private and public sector customers. The public sector contracts are big-budgeted and offered to the best digital forensic vendors. Furthermore, organizations have made huge investments in advanced technologies to gain a competitive advantage and improve business operations. The APAC region is estimated to be in its initial growth phase; however, it is believed to be the fastest growing region in the global digital forensics market. This high growth in the APAC region can be attributed to the wide adoption of digital forensics in various verticals, such as government and defense, BFSI, and telecom and IT. Furthermore, with the rapid amount of progress in the APAC region, it is vulnerable to threats from cybercriminals and rival nations. To counter these threat levels, the demand for digital forensic products and services is expected to be proliferated at a large scale.

 

The major vendors providing digital forensics hardware, software, and services include AccessData (US), OpenText (Canada), MSAB (Sweden), Oxygen Forensics (US), Cellebrite (Israel), Paraben (US), Coalfire (US), ADF Solutions (US), Digital Detective (US), Magnet Forensics (Canada), and LogRhythm (US).

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

 

 

 

 

 

 

 

 

 

 

 

 

Digital Forensics Market Grow drastically at USD 9.68 billion By 2022: Exclusive Report by MarketsandMarkets™

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.

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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