The global digital forensics market size is expected to reach USD 4.24 billion by 2026, exhibiting a CAGR of 12.3% during the forecast period, according to a new report by Grand View Research, Inc. Rising internet penetration, advancements in computing technology, and instances of cyberattacks are some of the key growth driving factors. Additionally, increasing demand for sophisticated cybersecurity tools to detect and investigate cyberattacks and financial frauds among large as well as small and medium enterprises is expected to drive the market growth.
Digital
forensic tools assist in lost data analysis, reconstruction, and evidence
collection from digital devices. Enterprises across the globe focus on adopting
these tools to identify and avoid cyberattacks. The enterprises have to follow
several regulations and compliances regarding consumer data privacy, such as
General Data Protection Regulation (GDPR), California Consumer Privacy Act of
2018 (CCPA), and Personal Information Protection and Electronic Documents Act
(PIPEDA), among others. This is expected to encourage the adoption of digital
forensic solutions and services.
The
foremost application of digital forensics is found in private and criminal
investigation. Factors, such as rising internet penetration, usage of
electronic devices, and smart devices, among others have led to a surge in
cyberattacks across the globe. Rising intensity of cyberattacks is anticipated
to further propel the demand for digital forensic tools over the forecast
period. Digital forensics tools are increasingly being used to resolve issues
related to cyber threat in the enterprises. The tools aid in investigating data
stored in digital devices, examine suspect data, and then use it as a digital
evidence in the court.
Full Research Report On Digital Forensics Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/digital-forensics-market
Further key
findings from the report suggest:
- The service segment is
expected to expand at the highest CAGR of 13.1% over the forecast period,
as the services provide broad reporting capabilities for authenticating
the regulatory compliance with security policies for users
- The cloud forensics segment is
anticipated to expand at the fastest CAGR of 13.3% over the forecast
period, attributed to rising adoption of cloud technologies in enterprises
globally, which have led to a rise in number of cyberattacks
- Review and reporting segment
is expected to register highest growth over the forecast period as it
provides effective evidence analysis and also helps jurists make
fact-based decisions
- In BFSI sector, digital
forensics solutions and services are being widely adopted owing to
increasing number of financial frauds and rising demand to investigate
these frauds globally
- North America dominated the
market in 2018 and is expected to maintain its dominance over the forecast
period, attributed to presence of large number of digital forensics
solution and services providers and robust infrastructure for adopting
these solution and services
- Key players in the digital
forensics market include Guidance Software Inc.; LogRhythm Inc.;
Accessdata; Paraben Corporation; FireEye Inc.; Digital Detective Group
Limited; MSAB; and Oxygen Forensics Inc.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/digital-forensics-market/request/rs1
Grand View Research has segmented
the global digital forensics market based on component, type, tool, end use,
and region:
Digital Forensics
Component Outlook (Revenue, USD Million, 2015 - 2026)
- Hardware
- Software
- Service
- Professional Services
- Managed Services
Digital Forensics
Type Outlook (Revenue, USD Million, 2015 - 2026)
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
Digital Forensics
Tool Outlook (Revenue, USD Million, 2015 - 2026)
- Data Acquisition &
Preservation
- Forensics Data Analysis
- Data Recovery
- Review & Reporting
- Forensic Decryption
- Others
Digital Forensics
End Use Outlook (Revenue, USD Million, 2015 - 2026)
- Government
- Banking, Financial Services,
and Insurance (BFSI)
- IT & Telecom
- Retail
- Healthcare
- Others
Digital Forensics
Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment