The market for digital forensics is expected to grow at a CAGR of 11.2%, from a market worth US$ 10.07 billion in 2022 to US$ 23.62 billion by 2030. In 2021, the value of the global cybersecurity market was 8% accounted for by digital forensics.
The dynamics of the digital forensics industry will be contrasted and evaluated, according to Future Market Insights. Investments in digital forensics solutions have been motivated by an increase in ransomware, malware, cyberattacks, and other unlawful data collection techniques. Furthermore, the demand for the digital forensics market has grown as a result of the expansion of government requirements to meet data protection standards.
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Some of the key takeaways from the report are highlighted below-
- The increasing cases of cyber threats and attacks in the government, law enforcement, and other sectors is resulting in higher adoption of digital forensics solutions over the world
- Among the end users, government & law enforcement sector will maintain the lead, followed by the legal services firms throughout the forecast period
- The North American digital forensics market will lead other regions during the forecast period
Rising Adoption of Artificial Intelligence Boosting Growth
Since the past decade, artificial intelligence is being increasingly adopted by the digital forensics market in order to obtain more advanced results.
As artificial intelligence is highly efficient in locating, and identifying relevant elements in video clips and pictures in order to spot the commonalities in time stamps, places, communications, and others, it is widely preferred by the digital forensics market across the globe.
With the increasing adoption of artificial intelligence, the digital forensics market is getting more efficient and fast in data investigation, data recovery, and other crucial parts of crime investigations.
As artificial intelligence is getting more widely popular, its increased adoption is expected to grow the global market further in the near future.
Competitive Landscape
Companies offering digital forensics are focusing on launching advanced digital forensics solutions to sustain growth.
For instance,
- FireEye Inc. has launched its extensive range of digital forensics and investigation solutions to neutralize threats with intelligent, cutting-edge investigative and forensic data analysis tools.
- IBM Corporation released its exclusive IBM QRadar Incident Forensics, providing enterprise IT security teams with better visibility into security incident-related network activities.
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Which Region Is Expected To Lead The Digital Forensics Market?
“Advanced Cloud Technologies to Boost Market Expansion in North America”
North America being an early adopter of the latest technologies, is witnessing an increase in the rate of cybercrimes, which is fuelling the demand for digital forensics in the region. The North American region USD holds the largest market size during the forecast period. The increasing adoption of cloud technologies has further pushed the market growth making it the topmost contributor to the global digital forensics market value.
Driven by the rising adoption of artificial intelligence and novel technologies, the market in North America is projected to expand during the forecast period.
Digital Forensics Industry Survey
Digital Forensics Market by Type:
- Computer Forensics
- Mobile Device Forensics
- Network Forensics
- Database Forensics
- Cloud Forensics
Digital Forensics Market by Component:
- Digital Forensics Hardware
- Digital Forensics Software
- Digital Forensics Services
Digital Forensics Market by End User:
- Government & Law Enforcement
- Legal Services Firms
- Military & Defense
- IT & Telecom
- BFSI
- Others
Digital Forensics Market by Region:
- North America Digital Forensics Market
- Latin America Digital Forensics Market
- Europe Digital Forensics Market
- East Asia Digital Forensics Market
- South Asia & Pacific Digital Forensics Market
- Middle East & Africa (MEA) Digital Forensics Market
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