In terms of revenue, The global digital forensics market amassed US$ 3,080.5 million in 2017 and is speculated to hit US$ 6,945.6 million by 2025, surging at a CAGR of 10.9% during 2018–2025.
The intensifying cyber-security threats coupled with rapid digital transformations across a large number of industry verticals, exponentially increasing mobile digital services, and massive demand for the fast-tracking of asset recovery and detection of security breaches are the substantial elements catalyzing the digital forensics market growth. On the contrary, rising anti-forensic techniques with legal challenges curtail the market expansion.
The advent of Internet of Things (IoT) paradigms, particularly in industries, is anticipated to generate a new wave of misconducts, including cyber-attacks jeopardizing organizational data security. The challenges in digital forensics are amplified by the leveraging use of anti-forensic tools. Law-makers and digital forensic experts are striving to explore digital activities, often hidden in a massive database. There has been a global requirement for highly-skilled professionals who can address and catapult digital flaws and mishaps. Several countries are organizing programs to impart digital forensics training.
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Artificial Intelligence Revolution in Digital Forensics
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.
Digital Forensics Regional Growth- 2018-2025
The report segments the global Digital Forensics market as follows:
- Endpoint Forensics
- Network Forensics
- Cloud Forensics
- Mobile Forensics
- Communications & Media Services
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Digital Forensics market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Digital Forensics market segments and regions.
Scope of the Report
The research on the Digital Forensics market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Digital Forensics market on the basis of end user, product type, application, and demography for the forecast period 2018-2025. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
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The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Digital Forensics market during the forecast period, i.e., 2018-2025. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
Major highlights of the report:
- All-inclusive evaluation of the parent market
- Evolution of significant market aspects
- Industry-wide investigation of market segments
- Assessment of market value and volume in past, present, and forecast years
- Evaluation of market share
- Study of niche industrial sectors
- Tactical approaches of market leaders
- Lucrative strategies to help companies strengthen their position in the market
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