Global Digital Forensics Market: Snapshot
Digital forensic involves integrating computer science with laws that are needed to investigate crime. It involves complete recovery and then interpretation of data present in digital devices to be presented in law courts and mostly involves cyber crime. Investigation in digital forensics is carried out in three stages which includes exhibit acquisition, investigation and analysis along with reporting of crime.
Forensic technology has become an important component of financial investigations which includes contentious, non-contentious, and fraud-related litigation. Forensic technology experts use various forensic technology tools to gather evidence and make a strong case against criminals.
The global digital forensics market stood at a valuation of US$2.87 bn in 2016 and is estimated to be worth US$6.65 bn by 2025, rising at a CAGR of 9.7% from 2017 and 2025.
Today, cyber criminals are causing unprecedented damage using simple IT tools or cloud services. They leak confidential consumer information or valuable business information by hacking personal files of individuals or organizations that leads to disruption in functioning. This requires evidence-based investigation for information recovery, thereby driving the digital forensics market.
Moreover, the increasing trend of cloud-based solutions and Internet of Things technology has increased the risk of malware and virus, further putting confidential information at risk acting as another key driver for this market. The use of multiple channels leading to the growth of sophisticated crime, especially for hacking organizational information that is related to IT applications has further pushed the growth of this market.
However, rising use of mobile devices and their growing complexities are posing a challenge to the growth of this market. This is because retrieving information from certain devices is a herculean task, which makes it difficult to reach to the real culprit in case of cybercrimes.
Governments have also raised concerns regarding the accessibility of mobile platforms of certain companies further posing a challenge to the market’s growth. Nevertheless, the increasing relevance of digital evidence to expose criminals is expected to extend growth opportunities to the digital forensics market.
Mobile Device Forensics to Emerge as a Key Type Segment
In terms of type, the digital forensics market is classified into computer forensics, database forensics, cloud forensics, network forensics, mobile device forensics, and others. In 2016, the market was led by computer forensics followed by mobile device forensics.
By application, healthcare, banking, financial services and insurance (BFSI), law enforcement, information technology, education, defense and aerospace, transportation and logistics, and other are the segments into which the digital forensics market is divided. Law enforcement and defense and aerospace are the leading application segments in the market.
Asia Pacific to Continue Contributing Substantial Revenue to Market
On the basis of geography, the global market for digital forensics is segmented into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. In 2016, North America trailed by Europe stood as the key regional segments of the market. Asia Pacific holds substantial revenue in the global digital forensics market. The increasing trend of cloud based solutions and internet of things technology in these regions is acting as the major growth driver in these regions. In addition, increasing growth of well-planned sophisticated cybercrimes and malware that has risked the confidentiality of intelligence data in many nations in these regions is also a key factor driving the digital forensics market.
Some of the key companies in the digital forensics market include AccessData Group LLC, FireEye Inc., Paraben Corporation, CISCO, Guidance Software Inc., LogRhythm Inc., Micro Systemation AB, NUIX, Binary Intelligence LLC, and IBM Corporation among others.
Surging Cases of Cyber Crimes Worldwide to Boost Digital Forensics Market
Digital forensics includes incorporating software engineering with laws that are expected to examine wrongdoing. It includes total recuperation and afterward understanding of information present in computerized gadgets to be introduced in law courts and generally includes digital wrongdoing. Examination in advanced criminology is completed in three phases which incorporates display procurement, examination and investigation alongside announcing of wrongdoing. Scientific innovation has become a significant part of monetary examinations which incorporates hostile, non-quarrelsome, and misrepresentation related suit. Legal innovation specialists utilize different scientific innovation devices to assemble proof and put forth a solid defense against crooks.
In terms of segmentation by type, the market was led by computer forensics segment and is likely to continue doing so in the coming years as well. The other sub segments of the type segment include mobile device forensics, network forensics, cloud forensics, and database forensics.
Another factor boosting the market is the conceivable follow up technique of hacking exercises to their source. These exercises are followed by legal offices by utilizing the privilege criminological techniques. In this manner, such proof based examination with the end goal of recuperation of data has been a prime factor for the ascent of the market for advanced legal sciences. The ascent sought after for advanced arrangements and legal sciences instruments is likewise filled attributable to the way that numerous stations are used to hack secret data from different associations and organizations.
The impact of the COVID19 pandemic has propelled the use of mobile devices and their increasing complexities. This is owing to the fact that retrieving information from specific devices is a tedious task that will make it difficult to find the real culprit in case of cybercrimes. Governments have additionally raised concerns with respect to the availability of versatile foundation of specific organizations further representing a test to the market's development. By the by, the expanding importance of computerized proof to uncover crooks is required to stretch out development occasions to the advanced legal sciences market.
The market has been segmented as follows:
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Section 1 Preface
Section 2 Assumptions and Research Methodology
2.1 Assumptions and Acronyms used
2.2 Research Methodology
Section 3 Global Digital Forensics Market : Executive Summary
3.1 Executive Summary
Section 4 Global Digital Forensics Market Overview
4.1 Product Definition
4.2 Drivers & Restraints: Snapshot Analysis
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Competitive Landscape
4.4 Global Market Share Analysis, By Company
4.5 Global Market Attractiveness Analysis
Section 5 Global Digital Forensics Market Analysis, By Type
5.1 Key Trends Analysis
5.2 Global Digital Forensics Market, By Type
Section 6 Global Digital Forensics Market Analysis, By Application
6.1 Key Trends Analysis
6.2 Global Digital Forensics Market, By Application
Section 7 Global Digital Forensics Market Analysis, By Region
7.1 Global Digital Forensics Market, By Region
Section 8 North America Digital Forensics Market Analysis
8.1 North America Digital Forensics, Market Key Trends
8.2 North America Digital Forensics Market, By Country
8.3 North America Digital Forensics Market, By Type
8.4 North America Digital Forensics Market, By Application
Section 9 Europe Digital Forensics Market Analysis
9.1 Europe Digital Forensics Market Key Trends
9.2 Europe Digital Forensics, Market, By Country
9.3 Europe Digital Forensics Market, By Type
9.4 Europe Digital Forensics Market, By Application
Section 10 Asia Pacific Digital Forensics Market Analysis
10.1 Asia Pacific Digital Forensics, Market Key Trends
10.2 Asia Pacific Digital Forensics Market, By Country
10.3 Asia Pacific Digital Forensics Market, By Type
10.4 Asia Pacific Digital Forensics Market, By Application
Section 11 Middle East and Africa Digital Forensics Market Analysis
11.1 Middle East and Africa (MEA)Digital Forensics, Market Key Trends
11.2 Middle East and Africa (MEA) Digital Forensics Market, By Region
11.3 Middle East and Africa (MEA) Digital Forensics Market, By Type
11.4 Middle East and Africa (MEA) Digital Forensics Market, By Application
Section 12 Latin America Digital Forensics Market Analysis
12.1 Latin America Digital Forensics, Market Key Trends
12.2 Latin America Digital Forensics Market, By Region
12.3 Latin America Digital Forensics Market, By Type
12.4 Latin America Digital Forensics Market, By Application
Section 13 Company Profiles
13.1 Guidance Software Inc.
13.1.1. Company Details
13.1.2. Company Description
13.1.3. Business Overview
13.1.4. SWOT Analysis
13.1.5. Financial Overview
13.1.6. Strategic Overview
13.2 AccessData Group LLC
13.2.1. Company Details
13.2.2. Company Description
13.2.3. Business Overview
13.2.4. SWOT Analysis
13.2.5. Financial Overview
13.2.6 Strategic Overview
13.3 LogRhythm, Inc.
13.3.1. Company Details
13.3.2. Company Description
13.3.3. Business Overview
13.3.4. SWOT Analysis
13.3.5. Financial Overview
13.3.6. Strategic Overview
13.4 FireEye Inc.
13.4.1. Company Details
13.4.2. Company Description
13.4.3. Business Overview
13.4.4. SWOT Analysis
13.4.5. Financial Overview
13.4.6. Strategic Overview
13.5 Micro Systemation AB
13.5.1. Company Details
13.5.2. Company Description
13.5.3. Business Overview
13.5.4. SWOT Analysis
13.5.5. Financial Overview
13.5.6. Strategic Overview
13.6 Paraben Corporation
13.6.1. Company Details
13.6.2. Company Description
13.6.3. Business Overview
13.6.4. SWOT Analysis
13.6.5. Financial Overview
13.6.6. Strategic Overview
13.7 NUIX
13.7.1. Company Details
13.7.2. Company Description
13.7.3. Business Overview
13.7.4. SWOT Analysis
13.7.5. Financial Overview
13.7.6. Strategic Overview
13.8 CISCO
13.8.1. Company Details
13.8.2. Company Description
13.8.3. Business Overview
13.8.4. SWOT Analysis
13.8.5. Financial Overview
13.8.6. Strategic Overview
13.9 Binary Intelligence LLC
13.9.1. Company Details
13.9.2.Company Description
13.9.3. Business Overview
13.9.4. SWOT Analysis
13.9.5. Financial Overview
13.9.6. Strategic Overview
13.10 IBM Corporation
13.10.1. Company Details
13.10.2. Company Description
13.10.3. Business Overview
13.10.4. SWOT Analysis
13.10.5. Financial Overview
13.10.6. Strategic Overview
List of Tables
Table 1 Global Digital Forensics Market Size (USD Bn) Forecast, By Type, 2016–2025
Table 2 Global Digital Forensics Market Size (USD Bn) Forecast, By Application, 2016–2025
Table 3 North America Digital Forensics Market Size (USD Bn) Forecast, By Country, 2016–2025
Table 4 North America Digital Forensics Market Size (USD Bn) Forecast, By Type, 2016–2025
Table 5 North America Digital Forensics Market Size (USD Bn) Forecast, By Application, 2016–2025
Table 6 Europe Digital Forensics Market Size (USD Bn) Forecast, By Country, 2016–2025
Table 7 Europe Digital Forensics Market Size (USD Bn) Forecast, By Type, 2016–2025
Table 8 Europe Digital Forensics Market Size (USD Bn) Forecast, By Application, 2016–2025
Table 9 Asia Pacific Digital Forensics Market Size (USD Bn) Forecast, By Country, 2016–2025
Table 10 Asia Pacific Digital Forensics Market Size (USD Bn) Forecast, By Type, 2016–2025
Table 11 Asia Pacific Digital Forensics Market Size (USD Bn) Forecast, By Application, 2016–2025
Table 12 Middle East and Africa (MEA) Digital Forensics Market Size (USD Bn) Forecast, By Country, 2016–2025
Table 13 Middle East and Africa (MEA) Digital Forensics Market Size (USD Bn) Forecast, By Type, 2016–2025
Table 14 Middle East and Africa (MEA) Digital Forensics Market Size (USD Bn) Forecast, By Application, 2016–2025
Table 15 Latin America Digital Forensics Market Size (USD Bn) Forecast, By Region, 2016–2025
Table 16 Latin America Digital Forensics Market Size (USD Bn) Forecast, By Type, 2016–2025
Table 17 Latin America Digital Forensics Market Size (USD Bn) Forecast, By Application, 2016–2025
Table 18 Global Lithium Ion Cell and Battery Pack Market Size (USD Bn) Forecast, By Power Capacity, 2016 – 2025
List of Figures
Figure 1 Global Digital Forensics Market Share Analysis, By Company (2016)
Figure 2 Global Market Attractiveness Analysis, By Type (2016)
Figure 3 Global Digital Forensics Market Value Share Analysis, By Type, 2016 and 2025
Figure 4 Global Digital Forensics Market Value Share Analysis By Application, 2016 and 2025
Figure 5 Global Digital Forensics Market, Value Share Analysis By Region, 2016 and 2025
Figure 6 North America Digital Forensics Value Revenue Share Analysis By Type, 2016 and 2025
Figure 7 North America Digital Forensics Value Revenue Share Analysis By Application, 2016 and 2025
Figure 8 Europe Digital Forensics Market Value Share Analysis By Type, 2016 and 2025
Figure 9 Europe Digital Forensics Market Value Share Analysis By Application, 2016 and 2025
Figure 10 Asia Pacific Digital Forensics Market Value Share Analysis By Type, 2016 and 2025
Figure 11 Asia Pacific Digital Forensics Market Value Share Analysis By Application, 2016 and 2025
Figure 12 Middle East and Africa (MEA) Digital Forensics Market Value Share Analysis By Type, 2016 and 2025
Figure 13 Middle East and Africa (MEA) Digital Forensics Market Value Share Analysis By Application, 2016 and 2025
Figure 14 Latin America Digital Forensics Market Value Share Analysis By Application, 2016 and 2025
Figure 15 Latin America Digital Forensics Market Value Share Analysis By Application, 2016 and 2025
Figure 16 Industry analysis of leading customers of Li-ion cell and battery packs (For usage in AIDC Systems)
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