Market Research Report
Digital Forensics Market by Component (Hardware, Software, and Services), Type (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool, Vertical, and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||336420|
|Published||Content info||145 Pages
|Digital Forensics Market by Component (Hardware, Software, and Services), Type (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool, Vertical, and Region - Global Forecast to 2022|
|Published: March 6, 2018||Content info: 145 Pages||
"Stringent regulatory compliances and the exponential increase in cybercrimes are expected to drive the digital forensics market"
The digital forensics market size is expected to grow from USD 4.62 billion in 2017 to USD 9.68 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period. The market is expected to be driven by factors, such as the increasing instances of cyber-attacks on enterprise devices, massive use of Internet of Things (IoT) devices, and stringent regulations. However, encryption is expected to be a major hindrance for enterprises to adopt the digital forensic components.
The cloud forensics type in the digital forensics market is expected to grow at the fastest rate during the forecast period. The major reason for the fast growth rate of the cloud forensics segment is said to be the ongoing expansive adoption of cloud among companies across the world. Many organizations are moving toward the cloud for cost-savings, agility, and flexibility, and this makes their critical data vulnerable to cyber-attacks. The cloud forensics segment is used to investigate these attacks. Hence, it is expected to be growing at the fastest rate as compared to that of the other segments.
The government and defense vertical is always under constant threat from cyber-attackers. The national and international politics, terrorism, and regional rivalry are some of the motives behind cyber-attacks on federal and defense agencies. Government agencies are prioritizing their cybersecurity and data privacy, as computers, mobiles, and other devices are used for committing crimes, and they are strongly dependent on internet and computers for taking their businesses to the peak point. If devices are infiltrated, it can leak crucial information pertaining to the security of a nation. Thus, the government and defense organizations are adopting the best-in-class digital forensic solutions and services to discover any indicator of compromise.
North America is expected to hold the largest market size and dominate the digital forensics market from 2017 to 2022, owing to the early adoption of new and emerging technologies and the presence of a large number of players in this region. APAC offers extensive growth avenues for the digital forensics players, owing to the widespread presence of Small and Medium-sized Enterprises (SMEs) and adoption of digital forensics in various verticals, such as government and defense, Banking, Financial Services, and Insurance (BFSI), and telecom and IT.
The breakdown of primary participants has been given below:
The following key digital forensics providers have been profiled in the report:
The digital forensics market has been segmented on the basis of components (hardware, software, and services), types, tools, verticals, and regions. A detailed analysis of the key industry players has been done to provide key insights into their business overviews, solutions and services, key strategies, new product launches, partnerships, agreements and collaborations, business expansions, and the competitive landscape associated with the digital forensics market.
The report will help market leaders/new entrants in this market in the following ways:
*Details on Business Overview, Products and Services Offered, Recent Developments, SWOT Analysis, and MNM View might not be captured in case of unlisted companies.