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%, owing to the significant increase in instances of cyber-attacks on computer devices, mobile devices, Internet of Things (IoT) devices, and connected vehicles. With the mass adoption of IoT devices and connected devices across various industry verticals, cyber-attackers are using sophisticated tools to hack next-generation devices. Government regulations play a crucial role in adopting digital forensics products and services.
Major players in the digital forensics market include AccessData (, US), OpenText (, Canada), MSAB (, Sweden), Oxygen Forensics ( US), Cellebrite (Israel), Paraben (US),, Coalfire (US), ADF Solutions (US), Digital Detective ( UK), Magnet Forensics (Canada), and LogRhythm (US).
These players have adopted various growth strategies, such as partnerships, agreements, and collaborations; acquisitions; and new product launches. These strategies have helped them achieve a strong foothold in the digital forensics market andearn better profit margins.
AccessData is highly active in its organic growth strategy of new product launches. It launched a new solution named Quin-C in February 2018. This solution is a visual analytics tool that provides predictive analytics to streamline and automate workflows for digital investigators. The company also launched a new toolkit named AD RTK (Risk Toolkit) in November 2017. AD RTK aids in the analysis of critical and classified data, detection of suspicious data, and remediation of risks. Furthermore, the company accelerated its inorganic growth strategy by partnering with various companies. In December 2017, AccessData partnered with Grant Thornton Forensic & Investigation Services BV in Europe. This partnership is expected to deliver a turnkey digital forensic solution for law and legal customers.
MSAB is another major player in the digital forensics market. It is highly focused on inorganic growth strategies, such as partnerships, collaborations, and agreements. In December 2017, MSAB partnered with Kovar & Associates. Under this partnership, MSAB expands and boosts its drone forensics portfolio. This partnership focuses on extending capabilities of MSAB product’s XRY and XAMN Spotlight for drone and thereby, aid in advanced file extraction, data visualization, and data analysis.. MSAB’s partnership with Nuix in June 2017 is considered to be one of the significant moves of the company. Under this partnership, MSAB is expected to integrate features of Nuix digital investigation platform into its mobile forensic solutions. This partnership could help clients fasten their investigation processes and reduce case backlogs.
The digital forensics market research report analyzes global adoption trends, future growth potentials, key drivers, vendor portfolio analysis, restraints, opportunities, and the value chain in the market.
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
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