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Digital Forensics Market worth 3,206.9 Million USD by 2020
The report “Digital Forensics Market by Component (Hardware, Software, and Service), Sub-Segment (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool Types, Service, Vertical and Region - Global Forecast to 2020”, defines and segments the digital forensics market into various sub-segments with in-depth analysis and forecasting of revenues. It also identifies drivers and restraints for this market with insights on trends, opportunities, and challenges for the digital forensics market.
Browse 69 market data tables and 51 figures spread through 144 pages and in-depth TOC on “Digital Forensics Market - Global Forecast to 2020"
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The digital forensics investigation process involves the seizure, data collection, analysis of digital media, and reporting. The current increase in insider threats poses new challenges for governments and enterprises. Insider threats in countries like Kenya, India, U.S., and U.K. are witnessing an increase due to evolving business models with increasing mobility and flexibility. With the continuous increase in the adoption of enterprise mobility, a large number of workers are using their personal devices to access enterprise information. This leads to increasing number of organizations turning towards digital forensics to stop and remediate security threats as efficiently as possible. As the usage of mobile devices is increasing, forensic evidence extraction from mobile is also becoming an important source of evidence.
MarketsandMarkets has broadly segmented the digital forensics market by component type: hardware, software, and service; sub-segment: computer forensics, network forensics, mobile device forensics, and cloud forensics; tool type: data recovery, forensics decryption, forensics data analysis, analytics, review and reporting, data capture and preservation, and others; service: digital investigation & consulting, incident response, system integration, education & training, and maintenance & support; vertical: Banking and Finance Services Insurance (BFSI), legal & professional, healthcare & life sciences, government agencies & law enforcement, public sector & utilities, retail & logistics, telecom & IT, media & entertainment, and other sectors; and by region: North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America.
Major forces driving the digital forensics market are rise in sophistication of digital crimes and increase in internet of things. Also, the increasing regulatory compliances are one of the key drivers for both enterprises as well as existing digital forensic vendors.
The digital forensics market is estimated to grow from USD 1,878.2 Million in 2015 to USD 3,206.9 Million in 2020. This represents a Compound Annual Growth Rate (CAGR) of 11.3% from 2015 to 2020. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while emerging economies such as APAC and Europe are expected to experience increased market traction with high CAGRs in the digital forensics market.
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