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Digital Forensics Market to Reach US$ 10.8 Billion by 2027

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Ben Wood
Digital Forensics Market to Reach US$ 10.8 Billion by 2027

The Digital Forensics Market is estimated to be valued at US$ 4,501.0 Mn in 2019 and is expected to exhibit a CAGR of 10.8% over the forecast period of 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Digital forensics involves the collection, preservation, analysis, and presentation of electronic evidence to be used in legal proceedings. The need for digital forensics arises due to the increasing incidents of cybercrime, data breaches, and fraud, creating a demand for tools and technologies to investigate and prevent such incidents. Digital forensics solutions help in data recovery, analysis, and identification of cybercriminals, facilitating effective law enforcement. These tools are utilized by law enforcement agencies, corporate enterprises, and government organizations to maintain data security and integrity.

Market key trends:

One of the key trends observed in the digital forensics market is the increasing adoption of cloud-based digital forensics solutions. Cloud computing offers several advantages such as scalability, mobility, cost-effectiveness, and improved efficiency. Cloud-based digital forensics solutions provide opportunities for remote forensic analysis, enabling professionals to investigate and analyze evidence from any location. This eliminates the need for physical access to devices and allows for faster and more efficient investigations. The cloud-based approach also ensures secure data storage and facilitates collaboration among forensic teams, enhancing the overall process of digital investigations.

Segment Analysis:

The segment analysis for the digital forensics market reveals that the software segment dominates the market and is expected to continue its dominance over the forecast period. This can be attributed to the increasing demand for digital forensic software solutions to analyze and investigate cybercrimes. The software segment allows investigators to efficiently examine digital evidence, recover deleted data, and identify potential threats, thereby fueling its dominance in the market. Additionally, advancements in technology, such as artificial intelligence and machine learning, are further driving the growth of the software segment by enhancing the capabilities of digital forensic solutions.

Key Takeaways:

The global digital forensics market is expected to witness high growth, exhibiting a CAGR of 10.8% over the forecast period (2023-2030). This growth can be attributed to the increasing incidences of cybercrimes and the rising need for digital investigation and analysis. The market is expected to reach US$ 4,501.0 million in 2019.

In terms of regional analysis, North America is the fastest-growing and dominating region in the digital forensics market. The region has witnessed a high adoption of digital forensic solutions due to the presence of major technology companies and a high number of cybercrime incidents. The strict regulations and compliance requirements for data protection and privacy in North America are also contributing to the growth of the market in this region.

Key players operating in the digital forensics market include AccessData Group, Inc., Guidance Software, Inc./OpenText Corp., Oxygen Forensics, Paraben Corporation, Cellmark Forensic Services, Binary Intelligence, LLC, FireEye, Nuix Pty Ltd., IBM Corporation, LogRhythm, Inc., Magnet Forensics Inc., and Cisco Systems, Inc. These companies are focusing on launching new products, partnerships, and collaborations to strengthen their market position and offer advanced digital forensic solutions to customers.

Read More:

https://www.newsstatix.com/digital-forensics-market-is-estimated-to-witness-high-growth-owing-to-increasing-cases-of-cybercrime-and-growing-adoption-of-digitalization/

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Such a situation demands tight security measures in order to save your resources that take help from digital media.

Things like ransomware, phishing, and other attacks have become far too common.

But you can keep yourself and your resources safe through awareness and proper measures.Some Fundamentals of Digital ForensicsIt is a special category that generally belongs to cybersecurity in computer science.

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Digital forensics ensures investigating, recovering, and interpretation of electronic data found in digital devices.

This affirms data recovery, analyses computer systems, and gathers information and evidence with the utilization of digital information.

The market is expected to grow at a CAGR of 11% over the forecast period.Industry NewsMay 2018, AccessData Group, a provider of integrated digital forensics released a new version of their software tool the AD Enterprise 6.5.

What are the Skills required For Digital Forensics in Cyber Security?
Pooja salve 2023-01-13
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As you might expect, not just anyone with a laptop and internet connection is qualified to practise Digital Forensics. It requires a wide range of knowledge and abilities, including:·      deep familiarity with computers, a variety of technologies, and cybersecurity principles and procedures·      working familiarity with networks, code, and computers·      extensive investigative skills·      analytical aptitude and the capacity for critical thought·      the capacity to collaborate and communicate with a variety of people in an efficient mannerThe task is so exciting because the evidence can sometimes be found in plain sight and other times it is buried deep within the computer or network. Professionals have the responsibility of using their expertise to locate any evidence that may be concealed. On the front lines of the fight against cybercrime are those who operate in the field of Digital Forensics in cyber security. In order to find proof of criminal conduct, they go far into networks, laptops, and smartphones.
India CSSI is the Best Digital Forensics in Cyber Security
India CSSI 2022-02-23
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Digital Forensics in Cyber Security, India CSSI professionals are called in to investigate when information is stolen from a computer, network, web application. Digital Forensics is referred to as computer forensic analysis, electronic evidence discovery, digital discovery, computer analysis, and computer examinations. It is the methodology of preservation, identification, interpretation and documentation of evidence recovered for presentation in a civil or criminal court.
What Should You Know About the Digital Forensics?
Scaleup Solution 2021-06-29
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Such a situation demands tight security measures in order to save your resources that take help from digital media.

Things like ransomware, phishing, and other attacks have become far too common.

But you can keep yourself and your resources safe through awareness and proper measures.Some Fundamentals of Digital ForensicsIt is a special category that generally belongs to cybersecurity in computer science.

That examination is done mainly to check the occurrence of illegal activities against the organization or firm.

So, digital forensics also analyzes all the digital properties like computer networks, digital assets, memory, and several other things.

Equal participation of all the parties leads to the proper flow of information and the steps required to resolve this issue are identified in the proper duration of time.