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Global Digital Forensics Market 2021 Key Players, Industry Overview, Supply Chain and Analysis

Digital Forensics

The report focuses on the favorable Global “Digital Forensics market” and its expanding nature. The Digital Forensics market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The global digital forensics market was worth USD 3.43 billion in 2018 and is projected to reach USD 5.92 billion by 2024 growing at a CAGR of 9.52 % over the forecast period 2019 – 2024. Although most forensics have been oriented toward the desktops, laptops, and the associated media, including the hard drive, floppy disk, and optical discs, other forms of digital forensics, such as mobile phones and other handheld devices are increasingly becoming popular for digital curation and preservation.
  • – The emergence of computing shaped by the IoT and the rapid increase in the number of mobiles, computers, and other electronic devices across the region is contributing to the demand for digital forensics.
  • – However, factors such as lack of specialized skills, usage of proprietary operating systems, and high level of encryption in new mobile applications may hinder the growth of the market.

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    Key Manufacturers

  • IBM Corporation
  • Binary Intelligence LLC
  • Guidance Software Inc.
  • AccessData Group LLC
  • Kroll Ontrack, LLC
  • Paraben Corporation
  • FireEye Inc.
  • LogRhythm Inc.
  • Cisco Systems Inc.
  • Oxygen Forensics Inc.
  • MSAB Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Digital Forensics market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Digital Forensics market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Digital Forensics market have also been involved in the study.

    Scope of the Report:

  • Digital forensic enables the extraction of evidence through analysis and evaluation of data from digital devices and is used to recover and inspect the data while maintaining the originality of the same. Identification of duplication of data and spoofing of timings are some of the major challenges for this technology.

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    TOC of Digital Forensics Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Digital Forensics market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Digital Forensics Market Report Covered:

    • The report analyses how Digital Forensics market will grow in the future.
    • Analyzing various perspectives of the Digital Forensics market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Digital Forensics market shares and policies employed by the major market players.
    • Competitive landscape including the Digital Forensics market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Digital Forensics market players

    Key Market Trends:

    Network Forensics is Expected to Hold a Significant Market Share

    – Network forensics involves capturing, recording and analyzing of network packets to determine the source of network security attacks. The primary goal of network forensics is to collect evidence. With the increasing number of attacks on the network, the organizations have started taking steps towards resolving the issue.
    – The growing popularity of the Internet in homes means that computing has become network-centric and data is now available outside of disk-based digital evidence. Facebook admitted that around 50 million users were compromised by the security breach. As per Facebook CEO, the company has not seen the accounts getting compromised nor found any inappropriate activity. Later, Zuckerberg confirmed that the attackers used Facebook developer APIs for obtaining information. The information was comprised of names, genders, localities which were linked with any user’s profile page.
    – With the increasing threats on the network, network security and forensics has become essential in the market.

    North America to Account for a Major Share

    – The US financial system has been a target for foreign cyber adversaries for a considerable period. Based on this phenomenon, the US government imposed a law for the private sector to have a dedicated cyber protection team (CPT) sector to provide surge capacity in the event of an ongoing cyber attack in the form of advanced analysis and network and endpoint forensics.
    – US banks, such as the Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo have faced cyber attacks, that eventually led to exposed data of consumers. It was considered to be a result of weaknesses in the firms’ networks. These banks were recommended by the federal officials to monitor their network activities. Such government impositions, therefore, drive the demand for digital forensics solutions in the region.
    – Moreover, North America houses major players of the digital forensics market like IBM, Cisco, FireEye which offer other enterprise applications, such as LogRhythm, Guidance Software, Access Data, Paraben that specialize in forensic solutions. For instance, Paraben’s Device Seizure has an established reputation in handheld forensics.

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    Study objectives of Digital Forensics Market Report:

    • To provide a detailed analysis of the market structure along with the Digital Forensics market forecast of various segments and sub-segments of the Digital Forensics market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Digital Forensics market trends that influence the global Digital Forensics market

    Detailed TOC of Digital Forensics Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Rising Security Concerns Across Industries
    4.3.2 Increase in the Number of Digital Devices and Cyber Crime
    4.4 Market Restraints
    4.4.1 Lack of Specialised Skill Set
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 TECHNOLOGY SNAPSHOT

    6 MARKET SEGMENTATION
    6.1 By Component
    6.1.1 Hardware
    6.1.2 Software
    6.1.3 Service
    6.2 By Type
    6.2.1 Mobile Forensic
    6.2.2 Computer Forensic
    6.2.3 Network Forensic
    6.2.4 Other Types
    6.3 By End-user Vertical
    6.3.1 Government and Law Enforcement Agencies
    6.3.2 BFSI
    6.3.3 IT and Telecom
    6.3.4 Other End-user Verticals
    6.4 Geography
    6.4.1 North America
    6.4.1.1 United States
    6.4.1.2 Canada
    6.4.2 Europe
    6.4.2.1 Germany
    6.4.2.2 United Kingdom
    6.4.2.3 France
    6.4.2.4 Rest of Europe
    6.4.3 Asia-Pacific
    6.4.3.1 China
    6.4.3.2 Japan
    6.4.3.3 India
    6.4.3.4 Rest of Asia-Pacific
    6.4.4 Latin America
    6.4.4.1 Brazil
    6.4.4.2 Mexico
    6.4.4.3 Argentina
    6.4.4.4 Rest of Latin America
    6.4.5 Middle East & Africa
    6.4.5.1 UAE
    6.4.5.2 Saudi Arabia
    6.4.5.3 South Africa
    6.4.5.4 Rest of Middle East & Africa

    7 COMPETITIVE LANDSCAPE
    7.1 Company Profiles
    7.1.1 IBM Corporation
    7.1.2 Binary Intelligence LLC
    7.1.3 Guidance Software Inc.
    7.1.4 AccessData Group LLC
    7.1.5 Kroll Ontrack, LLC
    7.1.6 Paraben Corporation
    7.1.7 FireEye Inc.
    7.1.8 LogRhythm Inc.
    7.1.9 Cisco Systems Inc.
    7.1.10 Oxygen Forensics Inc.
    7.1.11 MSAB Inc.

    8 INVESTMENT ANALYSIS

    9 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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