Due to the expanding consumer goods & retail industries, the global market for digital forensics is anticipated to increase significantly throughout the forecast period (2020–2027). The worldwide digital forensics market is anticipated to be dominated by the computer forensics sector during the course of the forecast period. The demand for computer forensics is rising along with the demand for personal and business computers. For instance, an analysis by Coherent Market Insights found that the global market for computer forensics was estimated to be worth 1.3 billion in 2019. Due to the growing use of cloud environments for data storage, Asia Pacific is predicted to experience considerable growth during the projection period. Businesses in industries like banking, financial services and insurance (BFSI), retail, and government are moving their workloads to the cloud for cost savings, agility, and flexibility, which has made them more vulnerable to cyberattacks. As a result, forensics professionals in the Asia Pacific region have begun to pay close attention to cloud forensics.
According to Coherent Market Insights, the global Digital Forensics Market was valued at US$ 4,501.0 Mn in 2019 and is anticipated to grow at a CAGR of 10.8% from 2020 to 2027 to reach US$ 9,453.0 Mn.
Key Competitors in the Digital Forensics Industry:
1. AccessData Group, Inc.
The business was established in 1987 and is located in Lindon, Utah, United States. The business offers standalone and enterprise-class solutions, develops computer forensics, legal review, and summing technologies, and enables digital investigations of any kind. Exterro acquires AccessData to create the industry's top enterprise legal GRC software platform in December 2020 for data privacy, forensics, and e-discovery
2. Oxygen Forensics
The business was founded in 2000 and the business is headquartered in Alexandria, Virginia. Oxygen Forensics, Inc., enables law enforcement, governmental organisations, and businesses to access vital information and insights more quickly than ever. In March 2023, Oxygen Forensics launches the Oxygen Analytic Center, a real-time data collaboration solution.
3. Paraben Corporation
The business was established in 1999 and has its headquarters in Tennessee, United States. The company's line of operation involves the production of communications and broadcasting equipment for radio and television. In 2023, Paraben's Mobile Fast Track will continue to be a well-liked course to get started in the field of mobile forensics.
4. Cellmark Forensic Services
The firm was founded in 1987 and has its main office in Blacklands Way, Oxon. The business provides consulting, forensic casework, animal forensics, and DNA services. In order to launch the first forensic next-generation sequencing service in the UK with ISO17025 accreditation in 2021, Verogen has partnered with Cellmark Forensic Services.
5. Binary Intelligence
The company was founded in 2000 and is located in Franklin Furnace, Ohio, and United States. A reputable investigative firm that specialises in computer forensics, mobile device forensics, and high-tech investigations is Binary Intelligence.
6. Nuix Pty Ltd.
The company was established in 2000 and is situated in Sydney, Australia. Nuix Pty Ltd is a technology business that provides software platforms for indexing, searching, analysing, and extracting knowledge from unstructured data. Nuix stated in September 2021 that it has reached a deal to buy all of the stock in Topos Laboratories, Inc. (Topos), a company that creates software for natural language processing (NLP).
7. IBM Corporation
The company was established in 1911 and is situated in Armonk, New York, United States. The business offers application, technology consulting and support, process design and operations, cloud, digital workplace, and network services in addition to offering computer solutions. In February 2023, IBM plans to acquire NS1 to support businesses in fostering network agility in their hybrid cloud environments.
8. LogRhythm, Inc.
The company was established in 2003 and is situated in Boulder, Colorado. The business specialises in security analytics, log management, network and endpoint monitoring and forensics, and security information and event management (SIEM). In 2020, Log Rhythm announced its Open Collector technology and version 7.5 of the Log Rhythm NextGen SIEM Platform in order to integrate cloud data sources for comprehensive monitoring.
Definition: A subfield of forensic science called "digital forensics" deals with recovering, looking into, looking at, and analysing data discovered on digital devices, frequently in connection with mobile devices and computer crime.
