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Market Research Report

Digital Forensic Market Size: Global Industry Analysis, Market Forecast, 2016-2024

Published On : 2018-01-19 Report Page : 310 Category: Hardware and ICT

Global Digital Forensic Market 

Market Overview

Digital Forensics (DF) has matured from a relatively obscure tradecraft to a vital part of many investigations. DF tools are now used on a daily basis by examiners and analysts within local, state and Federal law enforcement; within the military and other US government organizations; and within the private “e-Discovery” industry.

Goldstein Research analyst forecast the Digital Forensic Market size is set to reach USD 4.35 billion by 2024, at a CAGR of 11.5% over the forecast years.

Covered In This Global Digital Forensic Market Report

The report covers the present ground scenario and the future growth prospects of the Digital Forensic Market for 2016-2024 along with prevalence of criminal and civil court cases. We calculated the market size and revenue share on the basis of revenue generated from major players in Digital Forensic Market across the globe.

Global Digital Forensic - Market Segmentation

By Type

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

By Components

  • Hardware (Systems, Network Devices, Cables, Adapters)
  • Software

By Services

  • Digital Investigation and Consulting
  • Incident Response
  • System Integration
  • Training
  • Maintenance and Support

By Verticals

  • Military and Defense
  • Government Agencies
  • Healthcare
  • BFSI
  • Retail and Logistics
  • Telecommunication
  • Media and Entertainment
  • Others (Private Security, etc.)

Based on Geography

  • North America (U.S. & Canada) Digital Forensic Market
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Digital Forensic Market
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Digital Forensic Market
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Digital Forensic Market
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Digital Forensic Market

On the basis of components, hardware hold the largest market share in terms of value i.e.60% while in terms of volume software dominate the market with 55% of total digital forensics market owing to digital forensic services companies grow to become more attractive acquisition targets for larger consulting and software companies in related supply chains to provide comprehensive services to better assist larger downstream customers.  

Digital Forensic Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global Digital Forensic Market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global Digital Forensic Market report comprises of the following companies as the key players in the Digital Forensic Market: PerkinElmer, Inc., Guidance Software, Cellmark, FireEye, CCL Solutions Group Ltd., Binary Intelligence LLC, LogRhythm, Cellebrite, Access Data, Parable Corporation, Global Digital Forensics and Magnet Forensics Inc.

Other high-flying vendors in the market are: Invitrogen, Evestigate, Forensicon, H-11 DFS, Stroz Friedberg LLC, CCL Group Ltd and Guardian Digital Forensics.

According to our global market study on the basis of extensive primary and secondary research:  “Cases were previously limited to the analysis of a single device, increasingly cases require the analysis of multiple devices followed by the correlation of the found evidence.”

According to the report, major driving factor for expansion of Digital Forensic Market is the rising prevalence of cyber-attacks, industrial espionage, information security breaches, identity fraud, financial fraud and many other illegal activities leave a digital fingerprint which can be used by highly skilled investigators to trace the origin of the attack.

Further, the report states that the major challenge in Digital Forensic Market is the lack of Evidence-oriented design as today’s tools were designed to help examiners find specific pieces of evidence, not to assist in investigations, also tools were created for solving crimes committed against people where the evidence resides on a computer; they were not created to assist in solving typical crimes committed with computers or against computers.

Based on geography, North America dominate the Digital Forensic Market with 40% market share while APAC hold the promising future potential for this market and tends to grow at a CAGR of 12.1% over the forecast period due to high rate of internet penetration leading to surge in the internet-related crimes and misuse of government along with the increasing security concerns among banking, and defense sectors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Digital Forensic Market report

  • What is the total market size by 2024 and what would be the expected growth rate of the market?
  • What is the revenue of digital forensics in 2015-16 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Digital Forensic Market Size: Global Industry Analysis, Market Forecast, 2016-2024

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements