Digital forensic is a branch of forensic science that focuses on the recovery and investigation of material found in digital devices related to cybercrime. Digital forensics is the scientific acquisition, analysis, and preservation of data contained in electronic media whose information can be used as evidence in a court of law. There are different types of digital forensics solutions that are used in enterprise application, which includes computer forensics, mobile devices forensics, network forensics, and cloud forensics. Digital forensics solutions help to improve visibility in the enterprise application, which enable them capability to rapidly address incidents, enact effective containment, and minimize technical issues.
Rapid advancement in the forensic technology is expected to drive growth of the digital forensics market. Companies offer several different features in digital forensic software including multi-case functionality such as tagging, searching, labelling, and bookmarking across multiple cases. Additionally, companies offer different specifications such as face and image detection, panels-driven interface, and customized interface. For instance, in September 2020, AccessData Group, a leading provider of integrated digital forensics and e-discovery software, announced the launch of V7.4, the latest version of the company’s digital forensics software solution that feature enhancements that make it possible for users to investigate all types of devices and data types regardless of what device they are stored on. For instance, in November 2017, AccessData Group announced the launch of its new versions suits of digital forensics solutions with new enhanced features that allows customers to gain greater control to their digital investigations.
Market Dynamics
The global digital forensics market is expected to grow significantly during the forecast period, owing to the growing focus on social media forensics. The advancement in Industry 4.0 and Web 2.0 technologies has significantly increased acceptance of social media platforms and it has become a primary source of socialization. Users actively share their information, create accounts, and engage in social interaction through these sites. Moreover, different social media applications such as LinkedIn, Instagram, Facebook, and Twitter have been exposed to multiple cyber threats and malware. Attacks on social media platforms can take place outside the system/network or within the network. Outside systems attack usually include DDoS (Distributed Denial-of-Service) or (DoS Denial-of-Service), while attacks within the network include retrieving cookies data. The database of these social media applications is most vulnerable to such attacks. Considering this situation, digital investigators have shifted their interest towards social media forensics.
Among vertical, government and defense segment is expected to exhibit the highest growth during the forecast period. Government and defense vertical is the most susceptible segment to cyber-attacks. Cyber-attacks in Government and defense sector are for political gains, terrorism, or for regional rivalry. For instance, according to Coherent Market Insights’ analysis, in 2015, the cyber-attacks in government and defense sector was around 7% of the global cyber-attacks in all sectors, which reached to 14% in 2017. Therefore, government agencies are more concerned about cyber security and data privacy. Thus, government and defense sector is adopting best-in-class digital forensics solutions and services, which is expected to aid in growth of the market.
Key features of the study:
- This report provides in-depth analysis of global digital forensics market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global digital forensics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include AccessData Group, Inc., Guidance Software, Inc./OpenText Corp., Oxygen Forensics, Paraben Corporation, Cellmark Forensic Services, Binary Intelligence, LLC, FireEye, Nuix Pty Ltd., IBM Corporation, LogRhythm, Inc., Magnet Forensics Inc., and Cisco Systems, Inc.
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global digital forensics market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital forensics market
Detailed Segmentation
- Global Digital Forensics Market, By Forensic Type:
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
- Global Digital Forensics Market, By Component:
- Hardware
- Software
- Services
- Global Digital Forensics Market, By Tools:
- Data Acquisition and Preservation
- Forensics Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
- Global Digital Forensics Market, By Vertical:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail
- Healthcare
- Others
- Global Digital Forensics Market, By Region:
- North America
- By Forensic Type:
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
- By Component:
- Hardware
- Software
- Services
- By Tools:
- Data Acquisition and Preservation
- Forensics Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
- By Vertical:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail
- Healthcare
- Others
- By Country:
- Asia Pacific
- By Forensic Type:
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
- By Component:
- Hardware
- Software
- Services
- By Tools:
- Data Acquisition and Preservation
- Forensics Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
- By Vertical:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail
- Healthcare
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Europe
- By Forensic Type:
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
- By Component:
- Hardware
- Software
- Services
- By Tools:
- Data Acquisition and Preservation
- Forensics Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
- By Vertical:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail
- Healthcare
- Others
- By Country:
- Germany
- Italy
- U.K.
- France
- Russia
- Rest of Europe
- Latin America
- By Forensic Type:
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
- By Component:
- Hardware
- Software
- Services
- By Tools:
- Data Acquisition and Preservation
- Forensics Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
- By Vertical:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail
- Healthcare
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- By Forensic Type:
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
- By Component:
- Hardware
- Software
- Services
- By Tools:
- Data Acquisition and Preservation
- Forensics Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
- By Vertical:
- Government and Defense
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Retail
- Healthcare
- Others
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- Company Profiles
- AccessData Group, Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Guidance Software, Inc./OpenText Corp.
- Oxygen Forensics
- Paraben Corporation
- Cellmark Forensic Services
- Binary Intelligence, LLC
- FireEye
- Nuix Pty Ltd
- IBM Corporation
- LogRhythm, Inc.
- Magnet Forensics Inc.
- Cisco Systems, Inc.
“*” marked represents similar segmentation in other categories in the respective section.