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Global Digital Forensics Market (2021 to 2027) - by Component, Region and End-user - ResearchAndMarkets.com

·3-min read

DUBLIN, July 27, 2021--(BUSINESS WIRE)--The "Digital Forensics Market Global Forecast Impact of COVID-19, by Component, Region, End User, Company Overview, Sales Analysis" report has been added to ResearchAndMarkets.com's offering.

The world digital dependence on technology to do business has grown in both the public and private sectors. Digital Forensics is a part of forensic science that deals with recovering and investigating material found in digital devices related to computer crimes/cybercrimes. It plays a vital role in checking the rise of the number of cyber-attacks, ransomware, malware, and other malpractices by acquiring data through illicit means. According to the publisher report, Global Digital Forensics Market is estimated to reach US$ 13.49 Billion by 2027.

Company Analysis:

  • PerkinElmer, Inc.

  • FireEye, Inc.

  • MSAB

  • Magnet Forensics

The adoption of digital forensics is expanding due to the advancements in the rising penetration in corporate sectors, traditional crime lab infrastructure, and the rise in cyber-attacks and crimes. According to the World Economic Forum and Federal Bureau of Investigation (FBI), in 2020, 791,790 cases of online correspondence theft were reported to the IC3. The evolution of computing shaped by the IoT and the rapid increase in computers, mobiles, and other electronic devices worldwide has contributed to digital forensics software demand. The software is minimizing processing time and also identifies fraud and theft based on evidence. For the year 2020, Worldwide Digital Forensics Industry was valued at US$ 6.02 Billion.

Globally, North America has always been most receptive to the adoption of digital forensics. With the massive appropriation of cloud-based applications in North America, the number of attacks is rising dramatically and becoming more sophisticated. Hence, numerous government and law enforcement agencies in the US are taking initiatives towards strengthening the digital forensic sector. The Asia Pacific and European regions comprise a broad geographical footprint that embeds many industrial and economic growths, which foresee massive adoption of digital forensics.

Digital Forensics is continuing to be an essential part of every single organization. As per our report, we have segmented End-users in banking, financial services and insurance (BFSI), Healthcare & life Science, Govt. & law Enforcement, Defense & Aerospace, IT & Tc and Others. Government sectors are the primary targets of rising cyber-attacks. The government is shifting their workload to the cloud for cost-savings, agility, and flexibility, which has increased organizations' susceptibility to cyber-attacks. Therefore, digital forensics has gained much attention from forensics experts worldwide. As per this research study, Computer Forensics Market Size will grow with a CAGR of 12.22% during 2020-2027.

COVID-19 Impact on Worldwide Digital Forensics Industry

In this COVID-19 pandemic in order to avoid physical touch the number of digital transactions has increased drastically. But this trend has also led to unethical hacking and another cybercrime over the internet. Therefore, the demand for digital forensics has increased due to the COVID-19 pandemic. This will provide greater opportunities for the PerkinElmer, Inc., FireEye, Inc., MSAB Magnet forensics market players.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

4.1 Growth Drivers

4.2 Challenges

5. Digital Forensics Market

6. Market Share - Digital Forensics Market

6.1 By Component

6.2 By Region

6.3 By End Users

7. Component - Digital Forensics Market

7.1 Software

7.2 Hardware

7.3 Services

8. Region - Digital Forensics Market

8.1 North America

8.2 Europe

8.3 Asia-Pacific (APAC)

8.4 Middle East & Africa (MEA)

8.5 Latin America

9. End User - Digital Forensics Market

9.1 BFSI

9.2 Healthcare & life Science

9.3 Govt. & law Enforcement

9.4 Defense & Aerospace

9.5 IT &Tc

9.6 Others

10. Company Analysis

For more information about this report visit https://www.researchandmarkets.com/r/56ukm3

View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005793/en/

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