The global digital forensics market size is projected to grow from USD 9.9 billion in 2023 to USD 18.2 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 12.9% during the forecast period.
The Digital Forensics Market Growth is fueled by a confluence of factors driven by the escalating prevalence of cybercrimes and the ever-expanding digital landscape. The increasing incidence of cybercrimes, encompassing a broad spectrum of illicit activities, has made digital forensics an indispensable tool for law enforcement and security agencies. Its capacity to unravel criminal intent and establish connections between events, be it in cases of cyber fraud, sex crimes, or data theft, has made it the preferred choice for investigations. Moreover, the proliferation of IoT devices and the BYOD culture have added complexity to digital forensics, requiring professionals to adapt to diverse devices and legal intricacies.
Additionally, the monitoring of remote devices and the relentless demand for robust data security solutions have further elevated the role of digital forensics in investigating and mitigating emerging cyber threats. As organizations invest heavily in data security measures, digital forensics remains essential for dissecting security incidents, identifying vulnerabilities, and strengthening data protection strategies. Altogether, the convergence of these factors underscores the growing importance and adoption of digital forensics solutions in an increasingly interconnected and digitally reliant world.
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What is digital forensics?
According to MarketsandMarkets, Digital forensics is identifying, preserving, analyzing, and documenting digital evidence. It is a branch of forensic science that focuses on recovering, analyzing, and maintaining digital data from electronic devices like computers, smartphones, and servers. It involves systematically examining digital artifacts to uncover evidence related to cybercrimes, data breaches, and other digital incidents. Digital forensics experts use specialized techniques and tools to collect, preserve, and analyze electronic evidence, helping to support legal investigations and court proceedings. This evidence can be used by organizations in criminal, civil, or internal investigations. Digital forensics aims to extract data from digital devices in a way that preserves its integrity and admissibility in court. This can be a complex and challenging task, as digital evidence is often volatile and can be easily altered or destroyed. Digital forensics professionals use various tools and techniques to recover and analyze digital evidence. These tools include hardware devices, software applications, and specialized knowledge of digital devices and data storage formats.
Top Digital Forensics Companies includes:
Partnerships, agreements, collaborations, acquisitions, and product developments are some of the various growth strategies by these players to increase their market presence.
Nuix (Australia):
OpenText (Canada) :
IBM (US):
Cisco (US):
Cellebrite (US):
Exterro (US):
MSAB (Sweden):
Related Reports:
Digital Forensics Market by Component (Software, Hardware, and Services), Type (Network Forensics, Mobile Device Forensics, Cloud Forensics), Deployment Mode (Cloud and On-Premise), Vertical and Region - Global Forecast to 2028
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