Digital Forensics Market Size, Share, Growth Report 2032

Digital Forensics Market: Size

The global Digital Forensics market size was worth around USD 5.88 billion in 2023 and is predicted to grow to around USD 17.88 billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.14% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Digital Forensics market on a global and regional level.

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Digital Forensics Market: Overview

Interpreting and investigating electronic data refers to the process of digital forensics. The eventual aim of digital forensics is to inspect digital media in directive to investigate and recover the information found on digital media. The information is generally used in both criminal law and private investigation. The digital forensic investigation essentially comprises acquisition of parades, analysis of the data recovered, and broadcasting of the investigation performed. The process of digital forensics includes incorporating computer science with laws that are required to scrutinize crime. It includes the comprehensive recovery and elucidation of data extant in digital devices to be obtainable in a court of law and typically encompasses cybercrime. Investigation in digital forensics is conducted in three stages—investigation, exhibit acquisition, and analysis along with crime reporting. For financial investigations, which includes non-contentious, contentious, and fraud-related lawsuit, forensic technology has become a significant component.

The increasing ratio of crimes, growing incidences of cyber-attacks, and rising penetration of digital forensics in commercial sectors are some key factors contributing toward the growth of the digital forensics market globally.

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The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, agreements, partnerships, collaborations & joint ventures, research and development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

Digital Forensics Market: Segmentation

The study provides a decisive view of the digital forensics market is segmented into component, type, tool, vertical, and region.

The component segment of the global digital forensics market includes hardware (forensic systems, forensic devices, forensic write blockers, and others), software, and services (professional services and managed services). The professional service segment includes incident response, digital investigation and consulting, training and education, system integration, support, and maintenance.

Based on type, the digital forensics market includes network forensics, computer forensics, mobile device forensics, and cloud forensics. Computer forensics accounted for the largest market share of the global market in 2023. In terms of growth, cloud forensics is anticipated to register a high rate in the future.

By tool, the digital forensics market includes data recovery, forensic data analysis, review and reporting, forensic decryption, and others (registry analysis tools, file viewers, email analysis tools, etc.).

By vertical, the market includes banking, financial services, and insurance (BFSI), transportation and logistics, government and defense, telecom and IT, retail, healthcare, and others (media and entertainment, education, energy, and utilities, etc.). The government and defense segment accounted for the largest share of the global market in 2023.

Digital Forensics Market: Report Scope

Digital Forensics Market: Regional Analysis

The regional segment includes Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa.

By geography, North America held the largest share, more than 50%, of the global digital forensics market in 2023 and is expected to remain dominant over the forecast time period as well. This can be attributed to the growing acceptance of digital forensics and well-established healthcare infrastructure across the region. Asia Pacific is expected to register the highest CAGR in the years ahead in the digital forensics market globally.

Digital Forensics Market: Competitive Players

Some major players of the global digital forensics market:

• Guidance Software
• CISCO
• Digital Detective
• Oxygen Forensics
• Micro Systemation
• OpenText
• LogRhythm
• Paraben
• AccessData
• Magnet Forensics
• Coalfire
• Cellebrite
• FireEye

This report segments the global digital forensics market into:

Global Digital Forensics Market: Component Analysis

• Hardware
  • Forensic Systems
  • Forensic Devices
  • Forensic Write Blockers
  • Others
• Software
• Services
  • Professional Services
    • Digital Investigation and Consulting
    • Incident Response
    • System Integration
    • Training and Education
    • Support and Maintenance
  • Managed Services

Global Digital Forensics Market: Type Analysis

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

Global Digital Forensics Market: Tool Analysis

• Forensics Data Analysis
• Data Recovery
• Review and Reporting
• Forensic Decryption
• Others (File Viewers, Registry Analysis Tools, Email Analysis Tools, Etc.)

Global Digital Forensics Market: Vertical Analysis

• Government and Defense
• Banking, Financial Services, and Insurance (BFSI)
• Telecom and IT
• Transportation and Logistics
• Retail
• Healthcare
• Others (Media & Entertainment, Education, Energy, and Utilities, Etc.)

Global Digital Forensics Market: Regional Analysis

• • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa