According to the report published by IndustryARC titled “Digital Forensics Market: By Application (Computer forensic, Mobile device forensic, Network forensic, Database forensic, others); By Technology (Software tools, Hardware tools and Services); By Industry Vertical (Legal & Professional, Military & Defense, Government agencies & Law, others), By Geography - Forecast(2018-2025),” the market is estimated to reach $13 billion by 2025
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According to a recent study from IndustryARC, the Digital Forensics Market is forecast to reach $13 billion by 2025 and is estimated to grow at a CAGR of 15.94%. The growth in the Digital Forensics Market can be attributed to increasing cybercrimes in telecommunications & IT, military & defense, and other sectors.
Digital forensics is an emerging technology that is set to exhibit robust development with a broad range of applications in the telecommunications and IT sectors. The technological advancements have consequently increased the number of cyber crimes further anticipating an upsurge in the demand for digital forensics globally. The federal sector will account for more than 44% of worldwide demand of digital forensics by 2025. North America is the largest market for digital forensics globally with a revenue of $2.86 billion in 2019 owing to a large number of cyber threats in countries such as U.S. and Canada. In Europe, high investments in digital forensics aiming to curb mobile and social media attacks have increased market growth. In China, distinct organizations have been introduced by the president to curb malicious attacks.
The Major Players in this Market Include
- AccessData Group LLC
- Atlantic Data Forensics
- Binary Intelligence, LLC
- CCL Solutions Group Ltd.
- Cellebrite Ltd.
- Decipher Forensics LLC
- Digits LLC
- eTERA Consulting, LLC
- Global Digital Forensics Inc.
- Fireeye Inc.
Digital forensics providers have utilized mergers and acquisitions as well as product launches as a strategy and enhanced core competencies through additions to product portfolio to gain a foothold in the emerging markets.
The end-user industries covered in the Digital Forensics Market report include:
- Legal & Professionals
- Food & Beverage
- Military & Defense
- Government Agencies & Law Enforcement
- Health care & Life Sciences
- Banking, Financial Services and Insurance
- Retail & Logistics
- Telecommunications & IT
- Media & Entertainment
The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the product types is highlighted and market players are profiled.
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