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.
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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.
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.
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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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.
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
- Ernst & Young
- AccessData Group, Inc.
- 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
Historical Data Available for
USD Million for value and volume (per units)
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania Middle East & Africa
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered
Type, Component, End-user, and Region
Key Companies Profiled
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
Key Questions Answered by the Report
- At what rate will digital forensics market rise?
According to Future Market Insights (FMI), the digital forensics market is expected to grow by 11.2% CAGR during the forecast period from year 2020 to 2030.
- Which is the largest market for digital forensics?
North America currently holds dominance in the digital forensics market.
- Which are the top companies in digital forensics market?
Some of the top companies in global digital forensics market are FireEye Inc., IBM Corporation, KPMG, PwC, and others.
- Which is the most lucrative category in digital forensics market?
Currently, computer forensics segment is the most lucrative segment by type of the digital forensics market and expected to maintain the lead throughout the forecast period.
- Which is the most lucrative segment in terms of end user in digital forensics market?
Government & law enforcement is the most lucrative segment among the end users in the global digital forensics market.
- Region-wise which market is most dominating in the global digital forensics market?
At present, North America market is the most dominating in the global digital forensics market.
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The segmentation of the Digital Forensics Market
- Computer Forensics
- Mobile Device Forensics
- Network Forensics
- Database Forensics
- Cloud Forensics
- Government & Law Enforcement
- Legal Services Firms
- Military & Defense
- IT & Telecom
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa