Global Digital Forensics Market Size, Share, and Trends Analysis Report, By Type (Computer Forensics, Network Forensics, and Mobile Forensics), By Component (Hardware, Software, and Services), and By Application (Healthcare, Education, BFSI, Defense & Aerospace, Law Enforcement, and Others), Forecast Period (2022-2028)

The global digital forensics market is anticipated to grow at a significant CAGR of 8.9% during the forecast period (2022-2028). Collection, identification, extraction, and analysis of evidence from digital devices, such as computers, laptops, and hard discs are all part of digital forensics or computer forensics. This technology is employed in criminal and civil court cases additionally, in private businesses. This technology aids in the reduction of employee theft, especially in the banking, defense, and information technology industries.

The price of forensic instruments has been reduced, which has boosted market growth even more. Due to developments in traditional crime lab infrastructure, more penetration in corporate sectors, and an increase in cyber-attacks and crimes, digital forensics is becoming more widely used. According to the Internet Crime Complaint Center (ICC) and the Federal Bureau of Investigation (FBI), the IC3 received 43,300 reports of online identity theft in 2020. With 2,41,342 complaints of phishing and similar fraud took place first.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-

• In July 2021, Oxygen Forensics launched version 13.7 of its flagship product, Oxygen Forensic Detective. The Oxygen Forensic Cloud Extractor and KeyScout have been greatly improved, with new extraction methods for numerous apps and an additional Device and Case Description field. Various government entities that the company serves to benefit from such updates.
• In January 2021, MistNet was acquired by LogRhythm, which was financed by private equity firm Thoma Bravo, to improve SIEM (security information and event management) with cloud-based analytics, network visibility, and threat detection capabilities. This acquisition enabled the user to provide intelligent, machine-learning-based detection and response capabilities to solve current and emerging security and risk problems, including network detection, user and entity behavior analytics (UEBA), endpoint detection, and response data (EDR), and additional MITRE ATT&CK detections.
• In October 2020, with the 2.7 edition of the E3 Forensic Platform, Paraben announced the Halloween release. Support for Slack with cloud acquisitions, ExFAT file system support and analysis, iOS 14 acquisition and analysis, Android 11 acquisition and analysis, and New Registry Key parsing of Data Triage SAM, Explorer, and Applications were all added in the 2.7 version. Users who used the Image Analyzer feature get two new detection categories: money and gaming in this new version.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Component
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

· Competitive Landscape- IBM Corp., Binary Intelligence LLC, PerkinElmer, Inc., AccessData Group LLC, and KLDiscovery Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Digital Forensics Market Report by Segment

By Type

• Computer Forensics
• Network Forensics
• Mobile Forensics

By Component

• Hardware
• Software
• Services

By Application

• Healthcare
• Education
• BFSI
• Defense & Aerospace
• Law Enforcement
• Others

Global Digital Forensics Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa