Digital Forensics Market Overview :
The latest research study “Digital Forensics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global digital forensics market size reached US$ 5.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.03 Billion by 2027 exhibiting a CAGR of 10.50% during 2022-2027.
Digital forensics is a process of identifying, analyzing, retrieving, interpreting, and discovering electronic data from digital devices such as laptops, computers, and hard disks. It is widely used to collect information, gain additional evidence, and prevent further crimes, such as financial fraud, theft, and murder. It also efficiently tracks cybercriminals, ensures integrity, reduces sampling risk, and extracts, processes, and interprets factual evidence. As a result, digital forensic solutions are widely adopted across government and enforcement agencies, telecommunications and information technology (IT), and the banking, financial services, and insurance (BFSI) industries.
Covid-19 Impact Analysis::
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Digital Forensics Market Trends and Drivers:
The market is primarily driven by the increasing incidences of cybercrimes in the BFSI industry across the globe. In addition, the rising security concerns across numerous industries regarding cybercrime is contributing to the market growth. Digital forensics supports the rapid and detailed investigation of financial fraud to solve cases.
Besides this, the proliferation of high-speed internet and various network-based applications and devices represent another key factor accelerating market growth. Apart from this, various key players are integrating artificial intelligence (AI) with digital forensics to observe commonalities in communication and detect attributes in photos and videos. This, coupled with the increasing product demand to recover deleted files from digital devices, is also augmenting the market growth.
Besides this, the implementation of several government initiatives to encourage advanced security solutions and protect sensitive data is creating a positive market outlook across the globe.
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Digital Forensics Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 5.16 Billion |
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Market forecast in 2027 |
US$ 10.03 Billion |
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Growth Rate |
CAGR of 10.50% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Component, Type, Tool and End User |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
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Key companies profiled |
AccessData Group Inc. (Exterro Inc.), Binary Intelligence LLC, CCL (Solutions) Group Ltd, Digital Detective Group Limited, Global Digital Forensics, KLDiscovery, LogRhythm Inc., Magnet Forensics, MSAB, OpenText Corporation, Oxygen Forensics Inc. and Paraben Corporation. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Component:
- Hardware
- Software
- Service
Breakup by Type:
- Mobile Forensic
- Computer Forensic
- Network Forensic
- Others
Breakup by Tool:
- Data Acquisition and Preservation
- Forensic Data Analysis
- Data Recovery
- Review and Reporting
- Forensic Decryption
- Others
Breakup by End User:
- BFSI
- IT and Telecom
- Government and Law Enforcement Agencies
- Retail
- Healthcare
- Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
•Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
List of Major Key Players:
The major players in the market are AccessData Group Inc. (Exterro Inc.), Binary Intelligence LLC, CCL (Solutions) Group Ltd, Digital Detective Group Limited, Global Digital Forensics, KLDiscovery, LogRhythm Inc., Magnet Forensics(OTCMKTS: MAGTF), MSAB, OpenText Corporation(NASDAQ: OTEX), Oxygen Forensics Inc. and Paraben Corporation.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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