Digital Forensics Market Envisions US$ 37,561.1 Million by 2034 with 10.3% CAGR

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The global digital forensics market value is expected to rise from US$ 14,073.6 million in 2024 to US$ 37,561.1 million by 2034. This estimated growth is expected to be driven by a promising CAGR of 10.3% in the digital forensics industry over the next decade.

Increasing applications of remote devices, such as remote workstations and IoT gadgets, have drastically raised the potential targets for cyber threats. Digital forensics has thus become critical to investigating and mitigating these emerging risks. The growing demand to monitor and investigate suspicious activities or security breaches on remote devices has raised the demand for digital forensics services and tools.

Surging data breaches and awareness, as well as continuous cyberattacks, have propelled organizations to invest significantly in robust data security solutions. Digital forensics have gained prominence in dissecting these incidents, capturing vulnerabilities, and offering valuable insights to elevate data security. The critical role of digital forensics in the investigation of security incidents supports the growth of the digital forensics industry.

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Key Takeaways from the Digital Forensics Market Report

  • In the United States, the digital forensics market is expected to register a CAGR of 7.2% through 2034.
  • In Europe, Germany is predicted to be an important market for digital forensics. The digital forensics industry is estimated to expand at a promising CAGR of 9.8% through 2034.
  • In Japan, China, and Australia, the market is anticipated to increase at CAGRs of 11.5%, 10.8%, and 13.8% through 2034.
  • The network forensics segment is estimated to acquire a market share of 25.2% in 2024.
  • The military and defense is projected to procure a value share of 32.8% in 2024.

Competitive Landscape:
Vendors of digital forensics are predicted to expand by employing acquisitions, partnerships, product launches, and mergers. Additionally, players attend industry events and invest in marketing campaigns to raise the brand’s credibility and visibility. Key players are focusing on increasing their competitiveness by highlighting their unique selling points like user-friendly interfaces, advanced technology, or cost-effective solutions.

Market players are concentrating on providing technical support, comprehensive training, and ongoing maintenance to ensure customer retention and satisfaction. Industry leaders are also offering subscription-based models, cloud-based options, or customized packages to serve different requirements and budgets.

Leading Key Players:

  • FireEye Inc.
  • IBM Corporation
  • Micro Systemation AB
  • Cellebrite Ltd.
  • KPMG
  • Ernst & Young
  • PwC
  • Deloitte
  • AccessData Group, Inc.
  • LogRhythm
  • Binary Intelligence Technology Ltd.

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Recent Developments in the Digital Forensics Market

  • In January 2024, MeitY officials highlighted the pressing need for a digital forensic mission in India to combat cybercrimes and computer crimes. A robust ecosystem is required in India to tackle cybersecurity problems and gain people’s trust in digital technologies.
  • Binalyze and Softcell entered a strategic partnership in October 2023 to provide incident response solutions and digital forensics in India. The collaboration of these two organizations is projected to propel advancements in cybersecurity and digital forensics incident response competencies.

Digital Forensics Market Segmentation:

By Type:

  • Computer Forensics
  • Mobile Device Forensics
  • Network Forensics
  • Database Forensics
  • Cloud Forensics

By Component:

  • Digital Forensics Hardware
  • Digital Forensics Software
  • Digital Forensics Services

By End User:

  • Government and Law Enforcement
  • Legal Services Firms
  • Military and Defence
  • IT and Telecom
  • BFSI
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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