Digital Forensics Market By Type (Computer Forensics, Mobile Device Forensics, Network Forensics, Database Forensics, Cloud Forensics), Component (Hardware, Software, Service), End User (Government & Law Enforcement, Legal Services Firms, Military & Defense, IT & Telecom, BFSI) & Region - Forecast to 2020 - 2030

Introduction

The digital forensics market growth around the world is expected to rise at above 11% CAGR between 2020 and 2030. While forensics have been especially oriented towards desktop computers, laptops, and associated media such as optical discs, hard drives, floppy discs, novel forms of digital forensics comprising handheld devices and smartphones are becoming hugely popular.

With the increasing adoption of cloud security solutions, especially cloud forensics by government sectors, BFSI, IT & telecommunication sectors, and other industries, the demand for digital forensics is skyrocketing. Furthermore, rapidly increasing adoption of artificial intelligence in order to obtain fast, precise and advanced investigation of cybercrimes, is catalyzing the digital forensics market demand worldwide.

Despite facing decreased demand due to COVID-19 pandemic, the global digital forensics market potential is expected to grow further in the coming years. The market will primarily gain from the advent of computing, shaped by the Internet of Things (IoT) and the rising use of computers, smartphones, and other electronic devices.

Rising Cases of Cybercrimes

With the increasing usage of the internet and various network based applications, such as email program, file transfer protocols,  cloud-based technologies, and others, cyber threats and attacks are increasing rapidly. Digital forensics being highly capable of quick and precise investigation, is getting widely preferred among the key end-use industries such as government & law enforcement, BFSI, IT & telecommunication, and others to curb the risk of mounting cyber threats.

Furthermore, an increasing number of people are inclining towards using various digital applications starting from e-mail services to internet banking resulting. As a result staggering volume of data is generated on cloud every day. Protecting them against cyber threats and frauds can be a herculean task.

Thanks to the advent of digital forensics, collecting, processing, preserving, and analyzing computer evidence, especially to be used by the court of law, have become simpler. Besides rising cybercrimes, reduction in prices of forensic tools is expected to aid the expansion of the market.

Increasing Adoption of Artificial Intelligence Propelling Growth

The adoption of artificial intelligence has resulted in launch of more advanced digital forensics solutions. Artificial intelligence being highly capable of precisely detecting the elements in videos and photos, as well as pattern recognition of specific data clusters in order to provide data security & data retrieval solutions, is further boosting the market growth.

With the technical advancements, the artificial intelligence is gaining traction resulting in surged digital forensics market demand all over the world.

Key Challenges

Digital forensics solutions require experts to get executed. As lack of proper knowledge may result in mishandling of the technology, it is still working as a constraint to make it more versatile. Added to this, digital forensics being equipped with modern technologies, are yet to be easily affordable by small enterprises or individuals.

Furthermore, the recent COVID-19 pandemic has slowed down the market growth due to various restraining factors such as closed manufacturing units during lock down, scarcity of raw materials, economic crisis, job recession, and others.

According to FMI, the global digital forensics market is expected to come back to the position by the first quarter of 2021 in order to expand further in the coming years.

Region-Wise Analysis

North America Digital Forensics Market

North America being early adopter of latest technologies, is witnessing an increase in rate of cybercrimes, which is fuelling the demand for digital forensics in the region. The increasing adoption of cloud technologies has further pushed the North America 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 in countries such as, U.S, Canada, Mexico, and others, the North America digital forensics market is expected to expand further during the forecast period.

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Europe Digital Forensics Market

Europe digital forensics market is the third leading market and is set to witness impressive growth in the coming years. Digital forensic technology being a crucial tool in the court of law, is registering high growth rate with the increasing crime rates.

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With the rising criminal and civil court cases, attacks on government and private companies, and other illegal cyber activities, computer forensics is taking the lead to drive Europe digital forensics market.

According to FMI, the Europe digital forensics will sustain in the dominant position during the forecast period.

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East Asia Digital Forensics Market

With the growing requirement of storing critical data and minimizing cybercrimes, East Asia digital forensics market is expanding fast. The well-developed key end user industries such as government & law enforcement, BFSI, IT & telecommunication, and others, the requirement of cyber safety and crime investigation is increasing fast aiding to the market growth.

Digital advancements coupled with surged usage of cloud based solutions in the countries such as China, Japan, South Korea, and others, are catering to the market growth.

According to FMI, East Asia digital forensics market will sustain in the key position during the forecast period.

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Category-wise Insights

Computer Forensics to Lead

Computer forensics is capable of searching, retrieving, and analyzing huge quantity of data quickly, precisely, and efficiently. Being widely used in identifying, collecting, and preserving data, computer forensics is leading other forensics types with the increasing cyber and legal cases.

Computer forensics solutions are capable of minimizing sampling risk while testing effectiveness of the control environment and policies, making it hugely preferred by the end-user industries starting from BFSI to military services.

Hardware to Emerge as Dominant

Hardware digital forensics being highly efficient of storing, retrieving and processing crucial data, is dominating the component-wise category.

Various hardware forensics tools and methods such as database forensics, mobile device analysis, disk and data capture, file viewer and analyzer, and others play integral part in digital forensics solutions. As a result hardware is leading other components since the past decade which is expected to prevail in the coming years.

Government & Law Enforcement to Maintain the Lead

Government and law enforcement sectors are highly prone to cyber-attacks due to various political and other reasons. In order to secure confidential information as well as investigating cyber threats, these sectors require highly efficient digital forensics solutions.

With the industrial advancements, and high adoption of cloud-based technologies and artificial intelligence, digital forensics solutions demand is surging rapidly in this sectors making it the leading end user industry.

According to FMI, government & law enforcement industry will dominate other end users throughout the forecast period.

Competitive Landscape

With competition getting tougher, companies operating in the digital forensics market are focusing on launching advanced digital forensics solutions to sustain growth.

For instance, FireEye Inc. has launched their extensive range of digital forensics and investigation solutions in order to neutralize threats with intelligent, cutting-edge investigative and analysis tools.

IBM Corporation has released their exclusive IBM QRadar Incident Forensics providing enterprise IT security team better visibility and clarity into security incident-related network activities.

KPMG has come up with their broad range of Forensic Digital Solutions in order to improve business performance while maintaining the highest levels of business integrity. They have also brought their dedicated forensic technology lab to recover digital evidence in order to support investigations and litigation.

PwC has brought their advanced cyber forensic services including a broad range of services such as disk, network, and mobile forensics, malware analysis, digital forensics readiness assessment, and others to target diverse end users.

Some of the key market players are-

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

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report

Digital Forensics Market Report: Scope

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• Is this research conducted by Future Market Insights?

  Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst

• What research methodology is followed by FMI?

  FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions. Request detailed methodology

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• What are the sources of secondary research?

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The segmentation of the Digital Forensics Market

Type

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

Component

• Hardware
• Software
• Service

End User

• Government & Law Enforcement
• Legal Services Firms
• Military & Defense
• IT & Telecom
• BFSI

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Middle East and Africa
• Japan