The winning digital forensics market report is generated with the systematic gathering and analysis of information about individuals or organizations which is conducted through social and opinion research. The industry report is generated with the relevant expertises that have used established and unswerving tools and techniques such as SWOT analysis and Porter's Five Forces analysis to carry out the research study. A comprehensive market research conducted in this report puts a light on the challenges, market structures, opportunities, driving forces, and competitive landscape for the business. With digital forensics market analysis report it can also be analysed that how the actions of key players are affecting the sales, import, export, revenue and CAGR values.

For an actionable market insight and sustainable and profitable business strategies, digital forensics market research report acts as a perfect one. This global market report additionally encompasses predictions utilizing a practical arrangement of suspicions and techniques. Furthermore, the identity of respondents is kept secret and no promotional approach is made to them while analysing the data. Market research reports like digital forensics market surely helps to reduce business risk and failure. Depending on client’s demand, huge amount of business, product and market related information has been brought together via this market report that eventually helps businesses create better strategies.

Digital Forensics Market was valued at USD 6.70 billion in 2021 and is expected to reach USD 17.08 billion by 2029, registering a CAGR of 12.40% during the forecast period of 2022-2029.

Definition

Digital forensics refers to a branch of forensic science that focuses on identifying, acquiring, processing, analysing, and reporting data stored electronically. Electronic evidence is a component of almost all criminal activities, and digital forensics support is crucial for law enforcement investigations. Digital forensics involves collecting electronic evidence from various sources, such as computers, smartphones, remote storage, unmanned aerial systems, and shipborne equipment. The methodology generally followed includes extraction of data from the electronic evidence, processing it into actionable intelligence, and presenting the prosecution findings.

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Key Growth Drivers:

Penetration of Internet of Things (IoT)

The increase in the applications employing the Internet of Things – IoT acts as one of the major factors driving the growth of digital forensics market. Also, the surge in demand for cloud computing along with remote device monitoring and data transmission through wireless devices has a positive impact on the market.

BYOD Culture

The rise in the culture of Bring Your Own Device (BYOD) coupled with remote working and digitalization of the business processes increasing the amount of confidential data which are stored on various devices accelerate the market growth.

Monitoring of Remote Devices

The increase in need to monitor remote devices while allowing access only to specific people to avoid misuse of data and loss to the organization further influence the market. The rise in the investments in digital forensics hardware and software to receive consulting and services assist in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the digital forensics market.

The report emphasizes the participation of key entities, notably:

• Cellebrite (Israel)
• MSAB (Sweden)
• Oxygen Forensics (US)
• Digital Forensics Corporation (US)
• Digital Detective Group Limited (UK)
• Barracuda Networks, Inc. (US)
• Open Text Corporation (Canada)
• LogRhythm, Inc. (US)
• Kroll, LLC (US)
• Magnet Forensics (Canada)
• NUIX (Australia)
• CY4OR Legal Limited (UK)
• Flatworld Solutions Pvt. Ltd. (India)
• Fire Eye, Inc. (US)
• Coalfire (US)
• Paraben Corporation (US)
• iDiscovery Solutions, Inc. (UK)
• PT&C Forensic Consulting Services P.A. (US)
• Grayshift (US)
• LIFARS (US)
• Passware (Estonia)
• Cado Security (UK)
• TCS Forensics (Canada)
• PwC (UK)
• Exterro, Inc (US)
• IBM (US)
• ADF Digital Forensics (US)
• Binary Intelligence, LLC (US)
• KLDiscovery (US)
• Optiv Security Inc. (US)

Report Objective:

• Investigate the digital forensics market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
• Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in digital forensics market.
• Streamline initial research efforts by identifying digital forensics market growth, size, key players, and segments, saving valuable time.
• Highlight pivotal industry trends in the digital forensics market to empower players in devising effective, sustainable strategies.
• Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
• Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.

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Key Market Segmentation

Component (Hardware, Software and Tools, Services), Type (Computer Forensics, Mobile Device Forensics, Network Forensics, Database Forensics, Malware Forensics, Email Forensics, Automotive Forensics, Drone Forensics, Others), Application (Fraud Investigations, Intellectual Property Theft, Industrial Espionage, Forgery-Related Matters, Bankruptcy Investigations, Issues Concern with the Regulatory Compliance, Employment Disputes, Inappropriate use of the Internet and Email in the Workplace), Industry (Government and Defense, Banking, Financial Services, and Insurance, Telecom and IT, Retail, Transportation and Logistics, Law Firms, Healthcare, Media and Entertainment, Others), Mode of Purchase (Group Purchase, Individual), Distribution Channel (Third Party Distributor, Retail Sales, Online Sales, Others)

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