Digital Forensics Market
The digital forensics market is estimated to be valued at USD 7.12 billion in 2024 and is expected to reach USD 15.52 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031. With the rising instances of cybercrimes, the demand for solutions that can capture, evaluate, and analyze digital evidence is growing significantly.
Introduction:
The digital forensics market is set for rapid growth in the coming years driven by increasing cybercrime and the focus on cybersecurity by organizations globally. Digital forensics refers to the process of identifying, preserving, analysing, and presenting digital evidence in a manner that is legally acceptable. With most data either directly or indirectly living in a digital medium, digital forensics has emerged as a critical tool for law enforcement agencies and enterprises to investigate cybercrimes, data breaches, IP thefts, and other digital illegal activities. Growing digitization across industries, rising complexity of cyber threats, and stringent data privacy regulations are expected to boost the demand for digital forensic solutions.
Market Dynamics:
The global digital forensics market is primarily driven by the rising instances of cybercrimes targeting individuals and organizations. Cybercriminals continuously evolve their techniques to exploit vulnerabilities, resulting in increased financial and data losses. This has compelled law enforcement agencies and enterprises to strengthen their digital investigations capabilities. Additionally, favorable regulations such as GDPR that mandate data breach disclosure are prompting companies to bolster forensic readiness. However, factors such as the lack of cybersecurity skills and the complexity of technologies pose challenges. The ongoing development of automated forensic tools presents significant opportunities to improve the efficiency and speed of investigations.
Key Features of the Study:
- This report provides an in-depth analysis of the global digital forensics market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth 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 approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global digital forensics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include AccessData Group LLC, ADF Solutions, Binary Intelligence LLC, Cellebrite Paraben, Cisco Systems Inc., Coalfire, Digital Detective, FireEye Inc., Guidance Software Inc., IBM Corporation, KLDiscovery Inc., LogRhythm, Magnet Forensics, MSAB, OpenText Corporation, Oxygen Forensics, and Paraben Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global digital forensics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global digital forensics market
Detailed Segmentation-
Table of Contents
*Browse 60 market data tables and 40 figures on "Global Digital Forensics Market - Global forecast to 2031”
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