Global Digital Forensics Market Size By Component (Hardware, Software), By Type (Computer Forensics, Network Forensics), By Tool (Forensic Data Analysis, Data Recovery), By End-User (Government, BFSI), By Geographic Scope And Forecast
Report ID: 10910|No. of Pages: 202
Global Digital Forensics Market Size By Component (Hardware, Software), By Type (Computer Forensics, Network Forensics), By Tool (Forensic Data Analysis, Data Recovery), By End-User (Government, BFSI), By Geographic Scope And Forecast
Digital Forensics Market Size And Forecast
Digital Forensics Market size was valued at USD 1424.04 Million in 2023 and is projected to reach USD 6877.88 Million by 2031, growing at a CAGR of 4.4% from 2024 to 2031.
- Digital forensics is the process of identifying, conserving, evaluating, and presenting digital evidence in a legally admissible format. This field involves a wide range of tasks, including deleted file recovery, network traffic analysis, and digital device evaluation. Digital forensics is frequently used in criminal investigations, corporate security, and data breach studies, allowing investigators to track down actions, determine the nature of incidents, and gather evidence for legal procedures. Its uses include law enforcement, legal procedures, corporate investigations, and even cybersecurity, allowing firms to manage risks and respond efficiently to threats.
- Digital forensics is set to change drastically, owing to technological breakthroughs and increased cyber threats. As data volumes increase and become more sophisticated, forensic tools and procedures must evolve to accommodate emerging technologies such as cloud computing, IoT devices, and artificial intelligence. As firms prioritize cybersecurity and legal compliance, there will be an increase in demand for skilled digital forensic professionals.
- Machine learning and automated forensic analysis innovations have the potential to improve the efficiency and accuracy of investigations, while ethical issues and regulatory frameworks will play an important part in developing these techniques. As the digital world changes, digital forensics will continue to be an important part of both law enforcement and corporate efforts.
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Global Digital Forensics Market Dynamics
The key market dynamics that are shaping the global digital forensics market include:
Key Market Drivers:
- Increasing Cybercrime Rates: The increase in cybercrime rates is a major driver for the digital forensics market, according to the FBI’s 2022 Internet Crime Complaint Center (IC3) report, which showed 800,944 complaints and losses of $10.3 billion. This dramatic increase demonstrates the critical need for digital forensics capabilities to analyze and mitigate cyber risks. As cybercriminals become cleverer, firms must use modern forensic technologies and skills to unearth evidence, avoid future crimes, and comply with regulatory requirements. This rising threat landscape drives investment in digital forensics to protect assets and maintain data integrity.
- Growing Adoption of Cloud Computing: The growing use of cloud computing is having a big impact on the digital forensics market, with Gartner projecting a 20.7% growth in global end-user spending on public cloud services to USD 591.8 Billion by 2023. This move creates new issues for data retrieval and evidence preservation, as standard forensic methodologies may not be directly relevant in cloud systems. As enterprises rely more on cloud services, there is a greater need for specialist digital forensics tools and skills to efficiently investigate incidents, protect data integrity, and comply with regulations, driving market demand for advanced solutions.
- Increasing Mobile Device Usage: The rapid expansion in mobile device usage is significantly extending the field of digital forensics, with Statista forecasting that the global smartphone user base will reach 6.8 billion by 2023. The expansion of mobile devices provides an enormous number of potential evidence sources, necessitating the development of specialist mobile forensics technologies and expertise. As these devices store essential personal and organizational data, the requirement for effective forensic solutions to evaluate, recover, and present this information is increasing, emphasizing the importance of mobile forensics in modern investigations.
Key Challenges:
- Data Encryption: The growing usage of encryption technology presents substantial challenges for digital forensics. Individuals and businesses use stronger encryption technologies to secure sensitive information, making it more difficult for forensic professionals to access and evaluate data during investigations. This obstacle can impede the identification of evidence, slowing investigations and even allowing fraudsters to avoid prosecution.
- Rapid Technological Advancements: Rapid technological advancements create continual hurdles for digital forensics. New devices, applications, and platforms are continually being introduced, often exceeding forensic approaches. This causes a skills gap since forensic practitioners must constantly upgrade their knowledge and technologies to remain current, which can strain resources and finances.
- Cross-Device Compatibility: Investigating occurrences involving several devices might be difficult owing to compatibility difficulties. Different operating systems and device settings can make it difficult to retrieve and analyze evidence. To handle multiple devices, forensic teams must have a wide range of skills and equipment, which can be taxing on resources and require substantial training.
Key Trends:
- Increased Cybersecurity Investment: As cyber threats become more complex and frequent, organizations allocate more resources to cybersecurity. This trend fuels demand for digital forensics as firms strive to improve their incident response skills. Investing in forensic technologies enables firms to detect breaches more quickly and correctly, ensuring a strong defense against potential attacks while avoiding financial and reputational harm.
- Mobile Forensics Growth: As the number of mobile devices grows, so does the demand for mobile forensics. Investigators must use specialized technologies to collect and evaluate data from cell phones and tablets, which frequently contain vital evidence. This trend is motivated by the need to adapt to changing technology and customer behavior, ensuring that forensic procedures remain current with the mobile landscape.
- Collaboration with Law Enforcement: Private organizations and law enforcement agencies are increasingly working together in digital forensics. This collaboration improves the effectiveness of investigations by using shared expertise and resources. As cybercrime escalates, this tendency encourages a more coordinated strategy to address threats, ultimately raising demand for forensic services.
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Global Digital Forensics Market Regional Analysis
Here is a more detailed regional analysis of the global digital forensics market:
North America:
- The North American digital forensics market is dominating globally due to rising cybercrime rates and a strong regulatory framework. The increasing frequency of cyberattacks, as noted by the FBI’s Internet Crime Complaint Center (IC3) 2022 report, which documented USD 10.3 Billion in cybercrime damages in the United States, emphasizes the growing demand for advanced digital forensics solutions. As fraudsters become cleverer, businesses are investing in forensics technologies to reduce attacks and safeguard their data.
- Severe data protection rules, such as the California Consumer Privacy Act (CCPA), require firms to implement digital forensics solutions to maintain compliance and preserve sensitive information. The regulatory landscape is a major motivator, requiring firms to prioritize digital forensics in order to maintain legal compliance and handle escalating cyber threats.
- Technological developments, as well as growing mobile and cloud service usage, are helping the area maintain its market supremacy. The US Bureau of Labor Statistics predicts a 32% increase in demand for information security analysts, including digital forensics professionals, indicating the field’s growing relevance. Cloud usage in North America is also growing, with Gartner predicting a 24.2% increase in cloud spending by 2023, presenting new problems and opportunities for digital forensics in managing cloud-based data.
- The expansion of mobile devices, with approximately 471.6 million active wireless devices in the US, is boosting demand for mobile forensics systems to examine the massive volumes of digital evidence generated. These reasons, together, are driving North America’s dominance in the digital forensics industry, which is likely to grow as cybersecurity threats change and digital transformation advances.
Asia Pacific:
- The Asia-Pacific region is experiencing the fastest growth in the digital forensics market, driven by increasing digital transformation and rising cybercrime rates. With digitalization efforts accelerating, the area is expected to spend USD 1.2 Trillion on digital transformation by 2025, according to IDC, resulting in a vast volume of digital data requiring forensic examination. The region’s escalating cyberattacks, as emphasized by Check Point Research, which reported a 13% increase in weekly cyberattacks in 2022, are encouraging firms to invest in digital forensics solutions. The fast rise in cybercrime, along with a rising digital footprint, is increasing the requirement for advanced forensic capabilities to protect important data and enable effective incident response.
- Government initiatives and investments, together with the rise of the mobile ecosystem and strong data protection legislation, are moving the market forward. Significant government initiatives, such as Australia’s AUD 2.2 billion commitment to boost cybersecurity, are helping the area expand forensic skills. The expansion of mobile devices, with an estimated 3.1 billion unique subscribers by 2025, opens up new prospects for mobile forensics, boosting the demand for specialist tools to examine digital evidence.
- The enforcement of privacy regulations, such as China’s Personal Information Protection Law (PIPL), is also driving firms to improve their forensic skills in order to comply with data protection laws. These factors are driving significant market expansion, technical innovation, and increased acceptance of digital forensics solutions across industries in Asia-Pacific.
Global Digital Forensics Market: Segmentation Analysis
The Global Digital Forensics Market is Segmented on the basis of Component, Type, Tool, End-User, And Geography.
Digital Forensics Market, By Component
- Hardware
- Software
- Service
Based on Component, the market is bifurcated into Hardware, Software, and Service. The software segment dominates the digital forensics market due to its versatility and adaptation to different types of digital evidence. The services category is expanding the fastest, as businesses increasingly rely on external experts for advanced investigations and training.
Digital Forensics Market, By Type
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
Based on Type, the market is segmented into Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics. The computer forensics segment dominates the digital forensics market since it has traditionally focused on investigating digital evidence from computers and laptops. The cloud forensics market is expanding the fastest, as enterprises increasingly use cloud-based solutions and confront new issues in securing their data in the cloud.
Digital Forensics Market, By Tool
- Data Acquisition and Preservation
- Forensic Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
Based on Tool, the market is segmented into Data Acquisition and Preservation, Forensic Data Analysis, Data Recovery, Review and Reporting, and Forensic Decryption. The forensic data analysis segment dominates the digital forensics market owing to its importance in extracting useful information from digital evidence. The forensic decryption segment is growing the fastest, as cybercriminals increasingly use encryption techniques to protect their operations, necessitating the need for specialist forensic procedures for decoding encrypted data.
Digital Forensics Market, By End-User
- Government
- Banking, Financial Services and Insurance (BFSI)
- IT and Telecommunication
- Retail
- Healthcare
Based on End-User, the market is segmented into Government, BFSI, IT and Telecommunication, Retail, and Healthcare. The government segment dominates the digital forensics market owing to its significant role in law enforcement and national security. The healthcare segment is growing the fastest as organizations in this industry face increasing regulatory compliance requirements and the need to protect sensitive patient data.
Digital Forensics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Digital Forensics Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. The North American region is currently leading the digital forensics market owing to its well-established regulatory frameworks, advanced technology infrastructure, and high degree of public awareness. The Asia-Pacific region is experiencing the highest growth, owing to rapid economic expansion, rising cybercrime rates, and government initiatives.
Key Players
The “Global Digital Forensics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Accenture, Acronis, Clearview AI, CyberArk, Crowdstrike, Deloitte, EFT Forensics, Ernst & Young, FTI Consulting, Guidance Software, IBM, KPMG, Magnet Forensics, PwC, Rethink Technology, RSA Security, Sumuri, TetraLogical, Thomson Reuters, Verizon. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Digital Forensics Market Recent Developments
- In January 2024, Oxygen Forensics significantly expanded its distribution rights for mh Service in India. This partnership is expected to be a watershed event in the digital forensics business, highlighting Oxygen Forensics’ commitment to expanding its footprint in key worldwide markets.
- In February 2023, IBM and Palo Alto Networks teamed to increase incident response capabilities. This relationship between IBM and Palo Alto Networks strengthens X-Force security by providing customers with a comprehensive view of cyber threats, accelerating response times, and strengthening cybersecurity resilience.
Report Scope
| Report Attributes | Details |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Accenture, Acronis, Clearview AI, CyberArk, Crowdstrike, Deloitte, EFT Forensics, Ernst & Young, FTI Consulting, Guidance Software, IBM, KPMG, Magnet Forensics, PwC, Rethink Technology, RSA Security, Sumuri, TetraLogical, Thomson Reuters, Verizon |
| SEGMENTS COVERED | By Component, By Type, By Tool, By End-User, And By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL DIGITAL FORENSICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL DIGITAL FORENSICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL DIGITAL FORENSICS MARKET, BY COMPONENT
5.1 Overview
5.2 Hardware
5.3 Software
5.4 Services
6 GLOBAL DIGITAL FORENSICS MARKET, BY TYPE
6.1 Overview
6.2 Cloud Forensics
6.3 Computer Forensics
6.4 Mobile Device Forensics
6.5 Network Forensics
7 GLOBAL DIGITAL FORENSICS MARKET, BY TOOL
7.1 Overview
7.2 Data Acquisition and Preservation
7.3 Data Recovery
7.4 Forensic Data Analysis
7.5 Forensic Decryption
7.6 Review and Reporting
8 GLOBAL DIGITAL FORENSICS MARKET, BY END-USE
8.1 Overview
8.2 Banking, Financial Services, and Insurance
8.3 Government and Defense
8.4 Healthcare
8.5 Retail
8.6 Telecom and IT
9 GLOBAL DIGITAL FORENSICS MARKET, BY GEOGRAPHY
9.1 Overview
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia Pacific
9.5 Rest of the World
9.5.1 Latin America
9.5.2 Middle East & Africa
10 GLOBAL DIGITAL FORENSICS MARKET COMPETITIVE LANDSCAPE
10.1 Overview
10.2 Company Market Ranking
10.3 Key Development Strategies
11 COMPANY PROFILES
11.1 Accenture
11.1.1 Overview
11.1.2 Financial Performance
11.1.3 Product Outlook
11.1.4 Key Developments
11.2 Acronis
11.2.1 Overview
11.2.2 Financial Performance
11.2.3 Product Outlook
11.2.4 Key Developments
11.3 Clearview AI
11.3.1 Overview
11.3.2 Financial Performance
11.3.3 Product Outlook
11.3.4 Key Developments
11.4 CyberArk
11.4.1 Overview
11.4.2 Financial Performance
11.4.3 Product Outlook
11.4.4 Key Developments
11.5 Crowdstrike
11.5.1 Overview
11.5.2 Financial Performance
11.5.3 Product Outlook
11.5.4 Key Developments
11.6 LogRhythm
11.6.1 Overview
11.6.2 Financial Performance
11.6.3 Product Outlook
11.6.4 Key Developments
11.7 EFT Forensics
11.7.1 Overview
11.7.2 Financial Performance
11.7.3 Product Outlook
11.7.4 Key Developments
11.8 Ernst & Young
11.8.1 Overview
11.8.2 Financial Performance
11.8.3 Product Outlook
11.8.4 Key Developments
11.9 FTI Consulting
11.9.1 Overview
11.9.2 Financial Performance
11.9.3 Product Outlook
11.9.4 Key Developments
11.10 Guidance Software
11.10.1 Overview
11.10.2 Financial Performance
11.10.3 Product Outlook
11.10.4 Key Developments
12 KEY DEVELOPMENTS
12.1 Product Launches/Developments
12.2 Mergers and Acquisitions
12.3 Business Expansions
12.4 Partnerships and Collaborations
13 Appendix
13.1 Related Research
Report Research Methodology
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This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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