New York, According to a new market research report published by Global Insight Services “Digital Forensics Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Digital forensics is the practice of collecting, analyzing and reporting on digital data in a way that is legally admissible. It can be used to investigate computer crimes or to gather evidence in civil or criminal cases.
Digital forensics experts use a variety of tools and techniques to examine digital data. They may examine data from computers, cell phones, tablets, servers, networks and other electronic devices. They may also use data recovery techniques to retrieve deleted or damaged data.
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Key Trends
There are several key trends in digital forensics technology:
1. The increasing use of artificial intelligence (AI) and machine learning (ML) in forensics tools. This is allowing investigators to more quickly and accurately identify patterns and correlations in large data sets.
2. The increasing use of cloud-based forensics tools. This allows investigators to more easily and quickly access data that is stored off-site.
3. The increasing use of mobile forensics tools. This allows investigators to collect and analyze data from mobile devices, such as smartphones and tablets.
4. The increasing use of forensic analysis of social media data. This allows investigators to collect and analyze data from social media platforms, such as Facebook and Twitter.
Key Drivers
The digital forensics market is expected to grow at a CAGR of over 12% during the period 2019–2024. The increasing need for data security and rising instances of cybercrime are the key drivers of the market.
The increasing number of data breaches and the need to comply with data privacy regulations are the major drivers of the market. The rising adoption of cloud services and the increasing use of mobile devices are also driving the market.
The high cost of digital forensics tools and the lack of skilled personnel are the major restraints of the market. The increasing number of false positives and the lack of standardization are the challenges of the market.
Market Segmentation
The Digital Forensics Market is segmented by type, component, end-user, and region. By type, the market is divided into computer forensics, mobile device forensics, network forensics, database forensics, and cloud forensics. By component, the market is bifurcated into hardware, software, and services. By end-user, the market is bifurcated into government, legal services firms, BFSI, and others. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The key players in the Digital Forensics Market are FireEye Inc., IBM Corporation, Micro Systemation AB, Cellebrite Ltd., KPMG, Ernst & Young, PwC, Deloitte, AccessData Group, Inc., and LogRhythm.
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Reasons to buy Digital Forensics Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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