Digital Forensics Market Revenue, Future Growth, Top Key Players, Trend Insights and Investment Opportunities Forecast to 2025

According to the new research report published by The Insight Partners, titled "Digital Forensics Market- Global Analysis and Forecasts to 2025", the global digital forensics market is expected to reach US$ 6,945.6 Mn in 2025, registering a CAGR of 10.9% during the forecast period 2018-2025. Digital Forensics Market Research Report comprises comprehensive industry information and changing Digital Forensics market trends in the Industry that allows users to spot the pin-point analysis of the market along with revenue, development and profit during the forecast period. The market insights and analysis covered in this Digital Forensics market research report are based upon SWOT analysis on which businesses can believe assertively. This market report gives information about historic data, present market trends, environment, technological innovation, forthcoming technologies and the technical progress in the related industry. Competitive intelligence included in the report is a further very important aspect that assists businesses top the market. The report also provides CAGR (compound annual growth rate) values along with its fluctuations for the specific forecast period. The features or parameters covered in the report help to take the business towards the development and success.

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People these days are extensively inclined towards open networks like internet where business transactions, commercial activities and government services have become very frequent. This has further resulted into robust development and evolution of information security challenges and cyber threats. Furthermore, the diffusion of IoT (Internet of Things) paradigms, particularly in industrial sectors are anticipated to generate a new wave of misconducts including cyber-attacks jeopardizing an individual's personal security and industrial espionage. The challenges in the digital forensics are further intensified by the leveraging usage of anti-forensics in malware, and cyber threat. However, the law-makers and digital forensics experts are constantly putting efforts to enhance their skills and abilities to dig out artefacts, and digital activities that are often hidden in massive database.

Players Mentioned are -

•AccessData
•Binary Intelligence
•Cyfor
•FireEye
•Global Digital Forensics
•Kroll Associates
•Logrhythm
•Magnet Forensics
•Qdiscovery
•R3 Digital Forensics

Key Developments:

February 2018:

AccessData introduced Quin-C, a solution that supports and monitors the workflow of corporate investigators, forensic labs, and legal teams of all sizes.

April 2018:
FireEye introduced updates in the FireEye Email Security to secure customers from email-based attacks, including commodity malware.

January 2018:
Kroll partnered with Red Canary (US) to offer clients a CyberDetectER end-point technology for alleviating the burden and consequences of cyber threat detection and mitigation.

August 2016:
LogRhythm received an investment of US$ 50 million from existing investor Riverwood Capital to extend management in security intelligence and analytics.

With every new technology and application, digital forensic is soon to usher into a new dimension due to emergence of artificial intelligence (AI). The working of digital forensics can now reduce bias in investigations and produce relevant shreds of evidence admissible in a particular scenario. The AI incorporation avails large volumes of data with complex computer algorithms. Investigators can navigate through a large pool of data routing from e-communication and social media to smart sensors and video footage. Demand for intelligent investigation created room for AI tools' integration. It plays a pivotal role in digital forensics investigation in the form of sophisticated algorithms for DNA sequence matching, cybercrime detection, e-discovery document review, and digital analysis. Recognizing the pattern of signatures of suspects has become easier with AI. Huge investment by key market players and corresponding end-users demand anticipates a promising trend in the global digital forensics market.

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The pace at which digitalization is growing the world is anticipated to thrive for highly skilled professionals that can efficiently address and catapult the demand for digital forensics. To suffice the demand for awareness and understanding of digital forensics the government across the globe are organizing programs that support education of digital forensics. For instance, the University of Illinois at Urbana has taken an initiative to train its students on digital forensics and is anticipated to contribute to the increasing demand for skilled professionals in this field. Apart from this, Malaysia also has been promoting the readiness towards digital forensics and incorporates dedicated institute for digital forensics.

Over half of the global population these days has made its presence felt on the internet due to global connectivity and innumerable communication options. This growth largely thrives on the availability of mobile devices at affordable prices and ease of access. Almost two-third of the worldwide population owns digital devices. The ever-increasing use of digital devices, mobile phones, and digital content has branched into digital forensics also. Be it a communication, social media posting, or searching any information, people find it suitable to get things done on smartphones rather than scrolling on computers. Smartphones and other digital mobile devices are therefore becoming evident sources of information. Given the rapid burgeoning of these devices, forensic investors use them as tools or sources of recorded evidence. Thus, the rising use of smartphones and other devices assists the expansion of global digital forensics market.

Key findings of the study:

In 2017, North America and Europe contributed to the largest share of market revenue which accounted for more than 50% of overall market.

APAC is estimated to gain significant share of revenue in the total market, as a result of growing adoption of IoT and rising concern towards data security in the developing nations in this region. In the forecasted period from 2017 to 2025, APAC is estimated to foresee a CAGR of more than 13.3%.

The market in Asia Pacific has been witnessing significant growth in the development of smart workplace and thus high data security concern. In addition, the development of smart cities is also expected to fuel the growth of digital forensics market in Asia Pacific.

The BFSI vertical accounted for more than one third of the global digital forensics market share in the year 2017 and is expected to continue its dominance during the forecast period.

The key companies profiled in this report include Forensicon, R3 Digital Forensics, FireEye, Inc., Access Data, Cy4or Legal Limited, Binary Intelligence LLC, Kroll, LogRythm Inc., Magnet Forensics, and Global Digital Forensics Inc.

The Insight Partners Digital Forensics Market Research Report Scenario includes:

•The report provides qualitative and quantitative trends of global Digital Forensics Market across type, type of products, service, and geography.
•The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Digital Forensics Market.
•Chapter Three provides the research methodology of the study.
•Chapter Four further provides PEST analysis for each region.
•Chapter Five highlights the key industry dynamics in the Digital Forensics Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
•Chapter Six discusses the global Digital Forensics Market scenario, in terms of historical market revenues, and forecast till the year 2025.
•Chapter Seven to ten discuss Digital Forensics Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
•Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.
•Chapter Twelve provides the detailed profiles of the key companies operating in the global Digital Forensics Market. The companies have been profiled on the basis of their key facts, business description, products and services, financial overview, SWOT analysis, and key developments.
•Chapter Thirteen, i.e. the appendix is inclusive of a brief overview of the company, glossary of terms, contact information, and the disclaimer section.

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