\Digital Forensics Market
Global digital forensics market report published by Accurize Market Research forecast that the global market is expected to reach $8 billion by 2025; growing at a CAGR of 12.6% from 2017 to 2025. By geography, the Asia Pacific and RoW are expected to grow at a CAGR of 18.1% and 13.8%, respectively, during the forecast period.
The upsurge in sophisticated digital crime and terrorist attacks across the globe to drive the growth of the market
Rise in security concerns across different industries and economic growth in developing countries fuel the demand for the global digital forensics market. Moreover, the increase in sophisticated digital crime and terrorist attacks also boost the growth of the market.
The global digital forensics market has been bifurcated on the basis of type, application, and geography. By type, it is further segmented into computer forensics, network forensics, cloud forensics, mobile device forensics, database forensics, and others. The application can be segmented into law enforcement, healthcare, education, banking, financial services & insurance, information technology, transportation & logistics, and defense & aerospace.
By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Mexico, and Canada are covered under North America wherein Europe covers Germany, UK, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World (RoW) covers South America, the Middle East, and Africa.
â€œComputer forensics accounted for the largest market share in the type segment", says Accurize
By type, computer forensics accounted for the largest market share in 2017, owing to extensive usage of computer forensics in both private and criminal law investigation, in order to examine and recover data or evidence associated to computer crime.
â€œLaw enforcement accounted for the largest market share in the application segment", says Accurize
By application, the law enforcement application accounted for the largest market share in 2017 driven by increased implementation of digital forensics in collecting, examining and presenting data as evidence in a court of law. The education segment is expected to grow at the fastest CAGR during the forecast period, due to the increasing requirement for cybersecurity in the education industry.
â€œNorth America dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, North America accounted for the largest market share of 53% owing to technological advancements and increased cyber-crime rates in countries such as the U.S. and Canada. Asia-Pacific is to attain the fastest CAGR of 18% during the forecast period 2017-2025. The growth would be primarily driven by increased piracy threats and cyber-crimes, coupled with increased government expenditure in digitalization of sectors such as banking, information technology, law enforcement, and defense, among others.
Top players in the market
The key market players include Global Digital Forensics, ASR Data, Paraben Corporation, Guidance Software, Inc., Access Data Group, Fireeye Inc., Binary Intelligence, LogRhythm, Inc., Digital Detectives, and Lancope, Inc., among others.
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