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Global Digital Forensics Market Growth, Analysis, Forecast: By Component: Hardware, Software, Service; By Type: Mobile Forensic, Computer Forensic, Network Forensic, Others; By End-User: Government and Law Enforcement Agencies, BFSI, IT and Telecom, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Digital Forensics Market Outlook
The global digital forensics market stood at a value of USD 11.23 billion in 2023. The market is further expected to grow at a CAGR of 15.9% in the forecast period of 2024-2032 to attain a value of USD 42.52 billion by 2032.
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The Network Forensic Segment to Account for a Substantial Share of the Global Digital Forensics Industry
Based on type, the network forensic segment is expected to hold a considerable share in the global digital forensics industry during the forecast period. This growth can be attributed to the rapid expansion of wireless connectivity with the rapid spread of the internet. Moreover, with the advent of IoT technology and the emergence of location of things (LoT), digital devices are increasingly becoming interconnected through Wi-Fi and Bluetooth technology in networks. As a result, a significant rise can be observed in the number of network breaches and hacking attempts over time, which leads to large financial losses. These factors are estimated to positively impact the market growth.
North America to Occupy a Significant Market Share of the Global Digital Forensics Industry
The North American region is predicted to account for a considerable share of the global digital forensics industry. This surge can be attributed to the increased implementation of digital forensics technology in the region because of the rampant cybercrimes. According to the statistics record by the Insurance Information Institute, more than 47% of Americans experienced financial identity theft in 2020. On the other hand, the Federal Trade Commission recorded 4.8 million identity theft and fraud reports in 2020, which went up by 45% from 2019. A potential cause of the increase is the unemployment identity theft, as amidst the pandemic, increased and extended unemployment benefits were offered by the state, which made it an attractive target for scammers.
Digital Forensics: Market Segmentation
Digital forensics refers to the application of computer-based solutions along with investigative procedures for the legal analysis of digital evidence. The use of digital forensics is required in legal investigation procedures such as in cybercrimes of financial frauds, among others. Digital forensics is the process of analysis, identification, preservation, and documentation of digital evidence. In addition, the field of digital forensics has expanded over time to include network forensics and helps in the investigation of network breaches and any hacking attempts. Moreover, with the spread of internet of things (IoT) technology, more devices such as smartphones, smartwatches and cars are being connected to the internet, which has led to the expansion of the digital forensics industry.
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By component, the market is divided into:
- Hardware
- Software
- Service
On the basis of type, the industry can be categorised into:
- Mobile Forensic
- Computer Forensic
- Network Forensic
- Others
Based on end-user, the market is segmented into:
- Government and Law Enforcement Agencies
- BFSI
- IT and Telecom
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Digitalisation and Increased Cybercrimes to Augment the Growth of the Global Digital Forensics Industry
With the advent of the internet, and the hyperconnectivity facilitated by the spread of the digital technology in the form of smartphones and computers, the market for digital forensics has been growing. In addition, governments are increasingly strategising initiatives for implementing digital solutions in almost all industrial verticals due to the benefits associated with digital technology, such as increased connectivity, enhanced productivity, and reduced operational costs and time required to carry out various processes. However, with the far-reaching scope of the internet and digital technology, an increase in cybercrimes is being observed in all parts of the world. Cybercrimes such as identity theft, financial theft, scams, hacking, and data breaches are on the rise. For instance, according to a report issued by Interpol, the international criminal police organisation, a large number of fake online pharmacies selling counterfeit, illicit medicines, and fake and unauthorised COVID testing kits were shut down under Operation Pangea XIV, globally amidst the COVID-19 pandemic. Furthermore, with the reducing costs of digital devices and the advent of cryptocurrencies, the demand for digital forensics solutions is expected to significantly increase in the forecast period.
Key Industry Players in the Global Digital Forensics Market
The report gives a detailed analysis of the following key players in the global digital forensics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- IBM Corporation
- Binary Intelligence LLC
- Guidance Software Inc.
- AccessData Group LLC
- KL Discovery Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Type, End-User, Region |
| Breakup by Component | Hardware, Software, Service |
| Breakup by Type | Mobile Forensic, Computer Forensic, Network Forensic, Others |
| Breakup by End-User | Government and Law Enforcement Agencies, BFSI, IT and Telecom, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | IBM Corporation, Binary Intelligence LLC., Guidance Software Inc., AccessData Group LLC, KL Discovery Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Digital Forensics Market Analysis
8.1 Key Industry Highlights
8.2 Global Digital Forensics Historical Market (2018-2023)
8.3 Global Digital Forensics Market Forecast (2024-2032)
8.4 Global Digital Forensics Market by Component
8.4.1 Hardware
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Software
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Service
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Digital Forensics Market by Type
8.5.1 Mobile Forensic
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Computer Forensic
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Network Forensic
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Digital Forensics Market by End-User
8.6.1 Government and Law Enforcement Agencies
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 BFSI
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 IT and Telecom
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Digital Forensics Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
9 North America Digital Forensics Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Digital Forensics Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Digital Forensics Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Digital Forensics Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Digital Forensics Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 IBM Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Binary Intelligence LLC.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Guidance Software Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 AccessData Group LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 KL Discovery Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Digital Forensics Market: Key Industry Highlights, 2018 and 2032
2. Global Digital Forensics Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Digital Forensics Market Forecast: Breakup by Component (USD Billion), 2018-2023
4. Global Digital Forensics Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Digital Forensics Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Digital Forensics Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Digital Forensics Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Digital Forensics Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Digital Forensics Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Digital Forensics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Digital Forensics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Digital Forensics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Digital Forensics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Digital Forensics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Digital Forensics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Digital Forensics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Digital Forensics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Digital Forensics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Digital Forensics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Digital Forensics Market Structure
Key Questions Answered in the Report
In 2023, the global digital forensics market attained a value of nearly USD 11.23 billion.
The market is projected to grow at a CAGR of 15.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 42.52 billion by 2032.
The major drivers of the industry such as the increased demand for data security in various industry verticals such as the BFSI sector, the growing concerns of identity theft and fraud, rapid digitalisation, the rapid spread of internet and the resultant hyperconnectivity, and heightened investments in the R&D of digital forensics are expected to aid the market growth.
The key market trends guiding the industry's growth include the rampant increase in cybercrimes globally.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant market divisions, based on component, include hardware, software, and service.
The significant types include into mobile forensic, computer forensic, network forensic, and others.
The significant segments, based on end user, include government and law enforcement agencies, BFSI, IT and telecom, and others.
The major players in the industry are IBM Corporation, Binary Intelligence LLC, Guidance Software Inc, AccessData Group LLC, KL Discovery Inc., and others.
Analyst Review
The global digital forensics market attained a value of USD 11.23 billion in 2023, driven by the increased prevalence of cybercrimes worldwide. Aided by heightened technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 15.9%. The market is projected to reach USD 42.52 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By component, the market can be distributed into hardware, software and service. On the basis of type, the industry can be segmented into mobile forensic, computer forensic, network forensic, and others. Based on end-user, the industry can be segregated into government and law enforcement agencies, BFSI, IT and Telecom, and others. The major regional markets for the digital forensics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include IBM Corporation, Binary Intelligence LLC, Guidance Software Inc, AccessData Group LLC, KL Discovery Inc., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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