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Monday, May 16, 2022

Global Digital Forensics Market Be Driven By Rising Technological Advancements In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Digital Forensics Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global digital forensics market, assessing the market based on its segments like component, type, end user and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.



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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 8.35 billion
  • Forecast CAGR (2022-2027): 95%
  • Forecast Market Size (2027): USD 20.29 billion

With the introduction of IoT technology and the emergence of location of things (LoT), digital devices are increasingly becoming interconnected in networks via Wi-Fi and Bluetooth technology. As a result, the number of network breaches and hacking attempts has increased significantly over time, resulting in significant financial losses.

Market Segmentation

Digital forensics is the use of computer-based solutions in conjunction with investigative procedures for the legal analysis of digital evidence. The use of digital forensics is required in legal investigation procedures, such as cybercrime and financial fraud, among other things. The process of analysing, identifying, preserving, and documenting digital evidence is known as digital forensics. Furthermore, the field of digital forensics has evolved to include network forensics, which aids in the investigation of network breaches and hacking attempts. As internet of things (IoT) technology spreads, more devices, such as smartphones, smartwatches, and automobiles, are being connected to the internet, fuelling the growth of the digital forensics industry.

Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/digital-forensics-market

On the basis of component, the market can be segmented into:

  • Hardware
  • Software
  • Service

On the basis of its type, the market can be divided into:

  • Mobile Forensic
  • Computer Forensic
  • Network Forensic
  • Others

On the basis of its end user, the market can be bifurcated into:

  • Government and Law Enforcement Agencies
  • BFSI
  • IT and Telecom
  • Others

The regional markets include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The market for digital forensics has expanded since the advent of the internet and the hyperconnectivity enabled by the spread of digital technology in the form of smartphones and computers. Furthermore, governments are increasingly strategizing initiatives for implementing digital solutions in almost all industrial verticals, owing to the benefits of digital technology, such as increased connectivity, increased productivity, and reduced operational costs and time required to carry out various processes. However, due to the global reach of the internet and digital technology, there has been an increase in cybercrime in all parts of the world. Identity theft, financial theft, scams, hacking, and data breaches are all on the rise. Furthermore, with the decreasing cost of digital devices and the introduction of cryptocurrencies, demand for digital forensics solutions is expected to skyrocket over the forecast period.

Key Market Players

The major players in the market are IBM Corporation, Binary Intelligence LLC., Guidance Software Inc., AccessData Group LLC, KL Discovery Inc.,and Others.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company’s expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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