Digital forensics market : industry to witness a rise by year 2022 made available by top research firm

Digital Forensics Market By Component (Software, Hardware) By Application (Criminal Investigations, Information Security, Corporate litigations).

GLOBAL DIGITAL FORENSICS MARKET  was valued at USD 2.31 Billion in the year 2017. Global Digital Forensics Market is further estimated to grow at a CAGR of 10.5% from 2018 to reach USD 4.32 Billion by the year 2023.

North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At a country level, developed markets like the U.S.

as well the emerging markets like China with highest population base holds a notable market share in 2017 and it is projected to grow at a gradual pace in the coming years.

AccessData Group LLC (US), IBM Corporation (US), Guidance Software Inc. (US), Log Rhythm, Inc. (US), Cellebrite Ltd.

(Israel) are some of the key players in the Digital Forensics Market with IBM Corporation holding the significant market share because of its better global presence both at development and at an operational level. Rising research and development expenses to address the changing demand of end users.

Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in the last 5 years.

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Drivers:

             Increasing digital crimes

Restraints:

             Restrictions on Cloud Forensics

Opportunities:

             Increasing demand in the APAC region

Challenges:

             Lack of knowledge & skills among officials

Segmentation done on the basis of Industry Sector includes Military and Defense, Healthcare and Life Sciences, Government Agencies and Law Enforcement, Legal and Professional of which the Government Agencies and Law Enforcement segment are expected to hold the highest market share during the forecast period.

The Military and Defense segment is also expected to grow at the highest CAGR of XXX during the year 2018-2023.

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Key Benefits for Stakeholders

Digital Forensics Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Component

Software

Hardware

Others

By Application

Criminal Investigations

Information Security

Corporate litigations

Others

By Industry Sector

Military and Defense

Healthcare and Life Sciences

Government Agencies and Law Enforcement

Legal and Professional

Others

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

AccessData Group LLC

IBM Corporation

Guidance Software Inc.

LogRhythm, Inc.

Cellebrite Ltd.

Oxygen Forensics, Inc.

Paraben Corporation

KPMG

FireEye Inc.

OpenText Corporation

Micro Systemation AB

NUIX

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