According
to a new market report published by Transparency Market Research
Digital Forensics Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 - 2021 the global Digital Forensics
market was valued at USD 2.03 billion in 2014 and is expected to
reach USD 4.97 billion by 2021, at a CAGR of 12.5% through forecast
period.Due to rapid advancements in forensic technology, such as the
ability to recover complex data from electronic devices, fingerprint
recovery from metals, and Deoxyribonucleic acid (DNA) profiling,
decreasing price over period of time, which in turn has increased the
affordability of forensic applications along with their market
penetration across the globe. In addition, growth in sectors such as
law enforcement, banking, information technology, and defense, among
others, has been the key driving factor for the market growth during
the forecast period from 2015 to 2021.
Law
enforcement agencies and stakeholders have been using digital
forensic tools to reduce crime rates and support investigations in
courts of law Moreover, with rapid technological developments;
digital forensics is becoming an important asset in analyzing
corporate theft in IT, defense and banking sectors. Growing cyber
crimes and rising confidentiality issues among different sectors
worldwide are primarily bolstering the growth of the market. The
market for digital forensics has witnessed substantial economic
growth in recent years.
The
global Digital Forensics market by types has been segmented broadly
into six segments: computer forensics, network forensics, cloud
forensics, mobile device forensics, database forensics and others.
Computer forensics held the largest share of the market globally in
2014 and accounted for more than 30%, owing to increasing
applications of digital forensics in efficient and coordinated
detection, analysis, and presentation of computer data in courts of
law.
In
terms of industrial uses of digital forensics, the global market is
bifurcated into seven segments, namely: law enforcement, healthcare,
education, banking, financial services and insurance, information
technology, transportation and logistics, defense and aerospace. Law
enforcement sector held the largest share of the market in 2014, due
to wide implementation of digital forensic tools by law enforcement
officers in effectively suppressing the surging cyber crime rates
worldwide.
Other
Research Reports by Transparency Market Research:
The
global ‘Digital Forensics market’ has been divided broadly into
four geographic regions, including North America, Europe, Asia
Pacific and Rest of the World (RoW). In 2014, North America acquired
the largest share of the global market in terms of revenue and
accounted for more than 50%. The market in North America is primarily
driven by increasing demand for digital forensics in law, banking,
defense and IT sectors. Europe held the held the second largest
market globally and accounted for approximately 30%. The market in
this region is driven by the high penetration of digital forensic
technology in Germany, France and UK among others.Some of the major
players in the digital forensics market are Guidance Software, Inc.
(U.S.), LogRythm, Inc. (U.S.), AccessData Group, Inc. (U.S.), Paraben
Corporation (U.S.), Binary Intelligence (U.S), Fireeye Inc. (U.S.),
Digital Detectives (U.S.), ASR Data (U.S.), Lancope, Inc. (U.S.) and
Global Digital Forensics (U.S.).
global-digital-forensics-market
This
report provides in-depth analysis of the global digital forensics
market along with the market estimates, in terms of revenue (USD
billion) for the forecast period from 2015 to 2021. Moreover, the
global market has been segmented on the basis of types and industry
uses. Cross sectional analysis of the digital forensics market across
four broad geographical regions has also been covered under the scope
of the report.
The
global digital forensics market has been segmented into:
Digital
forensics market, by Types
Computer
forensics
Network
forensics
Cloud
forensics
Mobile
device forensics
Database
forensics
Others
Digital
forensics market, by Industry use:
Healthcare
Education
Banking,
Financial Services and Insurance (BFSI)
Defense
and Aerospace
Law
Enforcement
Transportation
and Logistics
Information
Technology
Focused
ion beam, by Geography: The market is broadly segmented on the basis
of geography into:
North
America
United
States
Canada
Others
Europe
United
Kingdom
Germany
Italy
France
Rest
of Europe
Asia
Pacific
China
India
Japan
South
Korea
Rest
of Asia Pacific
Rest
of the World (RoW)
Middle
East
South
America
Africa
Key Questions
This Study Will Answer
What is the market
size and potential for Digital Forensics Market products?
Which segment of
Digital Forensics Market is growing the fastest? How long will it
continue to grow, and at what rate?
What is the greatest
challenge faced by the Digital Forensics Market and how can it be
overcome?
Are the products and
services offered currently meeting customer needs, or are there
additional developments needed?
About
Us
Transparency
Market Research (TMR) is a global market intelligence company,
providing global business information reports and services. Our
exclusive blend of quantitative forecasting and trends analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of Analysts, Researchers, and Consultants,
use proprietary data sources and various tools and techniques to
gather and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
