Home Technology Digital Forensics Market Size & Share Analysis, Trends Segments Growth and Forecast - 2031

Digital Forensics Market

Digital Forensics Market: Information by Type, Component (Hardware and Software), End-User Vertical (Tele & IT, BFSI, Retail and Automotive), and Region — Forecast till 2026

The global digital forensics market accounted for over USD 4.62 billion in 2017 and is expected to grow at a CAGR of 11.7% during the forecast period, 2019–2026. Digital forensics involves uncovering and interpreting electronic data to preserv
Report Code: SRTE170DR

Market Overview

The global digital forensics market accounted for over USD 4.62 billion in 2017 and is expected to grow at a CAGR of 11.7% during the forecast period, 2019–2026.

Digital forensics involves uncovering and interpreting electronic data to preserve any evidence in its original form while performing a structured investigation by collecting, identifying and validating digital information for the purpose of reconstructing past events. Evidence is most often collected through digital forensics for the usage of data in a court of law. Digital evidence is stored or transmitted in binary form and can be found on a computer hard drive, mobile phone, personal digital assistant (PDA), CD or flash card in a digital camera. Currently, digital forensic technology is widely being used in the private sector for internal investigations.

Rising cybersecurity attacks and security concerns, coupled with increasing insider attacks, are expected to positively impact the digital forensics market during the forecast period. For instance, in 2016, Uber reported that hackers stole information pertaining to over 57 million riders and drivers. In addition, rapid advancements in forensic technology are further boosting market growth and this momentum is expected to continue in the coming years. Moreover, societies in today’s world are becoming more and more dependent on digital technologies such as the Internet where commercial activities, business transactions, and government services are realized. Therefore, the complexity of crimes has been increased, which makes crime investigation a difficult task; thus, for evidence-based investigations, there is a need for digital forensics. The fact that multiple channels are utilized for the purpose of hacking confidential information from various organizations and companies further necessitates digital solutions and forensic tools for investigation purposes.

Report Scope

Report Metric Details
Base Year 2022
Study Period 2016-2026
Forecast Period 2023-2031
CAGR 11.7%
Market Size USD 4.62 billion in 2017
Fastest Growing Market Europe
Largest Market North America
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
Geographies Covered
  • North America
  • Europe
  • APAC
  • Middle East and Africa
Get more information on this report Download Sample Report

Regional Analysis

Geographically, the market has been segmented into North America, Europe, Asia Pacific, and LAMEA

North America is projected to account for the largest share in the digital forensics market during the forecast period as a large number of manufacturers in the region are offering digital forensic technology. Also, North America registers high demand from customers, from both public and private sectors, which further fuels market growth.

Europe is projected to register significant market growth as the need for digital forensics has been increasing in tandem with the increasing illegal activities in the region. Also, there is a dedicated office, European Anti-Fraud Office (OLAF), for digital investigations on happenings in the digital environment. In addition, many private companies are implementing digital forensic solutions for internal investigations to deal with fraudulent cases.

Asia Pacific is anticipated to grow at the fastest rate during the forecast period, due to the significant adoption of digital forensics across various verticals, such as government and defence, BFSI, and telecom and IT. Furthermore, high acceptance of mobile and computer devices has intensified the threat of cybercrime and cyberattack, which in turn has been contributing to digital forensic market growth.

The LAMEA region is anticipated to exhibit significant market growth, owing to the rapid adoption of digital forensic solutions by corporates for the preservation, collection, validation, identification, and analysis of evidence.

Regional Growth Insights Download Free Sample

Segmental Analysis

The market has been segmented on the basis of type, component, and industry vertical. On the basis of type, the market has been segmented into computer forensics, mobile device forensics, and cloud forensics. By component, the digital forensics market has been segmented into hardware and software. On the basis of industry vertical, the market has been segmented into telecommunication & IT, BFSI, retail, automotive, government, healthcare, and manufacturing.

Top Key Players of Digital Forensics Market

  1. ADF Solutions (U.S.)
  2. Digital Detective (U.S.)
  3. Magnet Forensics (Canada)
  4. AccessData (U.S.)
  5. OpenText (Canada)
  6. MSAB (Sweden)
  7. Oxygen Forensics (U.S.)
  8. Cellebrite (Israel)
  9. Paraben (U.S.)
  10. Coalfire (U.S.)
  11. LogRhythm (U.S.)

Recent Developments

The forensic science landscape has been undergoing a number of rapid changes and positive developments. In March 2018, ADF Solutions released new software versions of its Digital Evidence Investigator, Triage-Investigator, and Triage-G2 software. Its revolutionary digital investigation approach will help organizations solve their forensic backlog problems and reduce the workload on digital forensic analysts by providing a fast, scalable solution for field triage and investigative tasks.

In December 2018, Oxygen Forensic launched an update for its product, enabling forensic investigators to process and examine large volumes of data at record speed. The update includes a new module called Oxygen Forensic JetEngine, an analysis tool used for examining data from mobile devices, cloud services, drones, and IoT devices.

Digital Forensics Market Segmentations

By Type

  • Computer Forensics
  • Mobile Device Forensics
  • Cloud Forensics
  • Network Forensics
  • Database Forensics
  • Malware Forensics
  • Email Forensics
  • Automotive Forensics
  • Drone Forensics
  • Others

By Component

  • Hardware
  • Software
  • Services

By Industry Vertical

  • Telecommunication & IT
  • BFSI
  • Retail
  • Automotive
  • Government
  • Healthcare
  • Manufacturing
  • Others

By Application

  • Fraud Investigations
  • Intellectual Property Theft
  • Industrial Espionage
  • Forgery-Related Matters
  • Bankruptcy Investigations
  • Issues Concern with Regulatory Compliance
  • Employment Disputes
  • Inappropriate use of the Internet
  • Email in the Workplace

By Mode of Purchase

  • Group Purchase
  • Individual

By Distribution Channel

  • Third-Party Distributor
  • Retail Sales
  • Online Sales
  • Others

By Regions

  • North America
  • Europe
  • APAC
  • Middle East and Africa

Frequently Asked Questions (FAQs)

How big is the Global market?
The global digital forensics market accounted for over USD 4.62 billion in 2017 and is expected to grow at a CAGR of 11.7% during the forecast period, 2019–2026.
The key players in the global digital forensics market include ADF Solutions (U.S.), Digital Detective (U.S.), Magnet Forensics (Canada), AccessData (U.S.), OpenText (Canada).
Europe region has the highest growth rate in the digital forensics market.
Digital forensics market can be segmented by type, component, and industry vertical.
North America region has the largest share of the digital forensics market.

We are featured on :