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Mobile Forensics is fastest growing segment fueling the growth of Digital Forensics Market

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naufan003
Mobile Forensics is fastest growing segment fueling the growth of Digital Forensics Market

The global Digital Forensics Market is estimated to be valued at US$ 6783.72 Mn or Mn in 2023 and is expected to exhibit a CAGR of 10.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Digital forensics involves the preservation, identification, extraction, documentation and interpretation of computer media for evidentiary purposes. Digital forensics help in investigating cybercrimes such as hacking, piracy and other computer related crimes.

Market key trends:

One of the key trends in the digital forensics market is the rise in mobile device forensics. More and more cybercrimes are now being committed using mobile devices such as smartphones and tablets. Moreover, bring your own device (BYOD) trend has also increased requirement of mobile forensics solutions in organizations. Mobile device forensics enables extraction of crucial data from mobile devices which can serve as digital evidence. It helps in accessing deleted call logs, messages, photos, videos, browser history, location data and other application data during investigations. Growing mobile phone usage and rising instances of mobile cybercrimes are driving demand for mobile forensics solutions. Devices are being forensically imaged to extract and analyze user data during investigations. The rise of fifth generation (5G) networks and increase in data volume and speed is also fueling development of advanced mobile forensics solutions.

Segment Analysis

The global digital forensics market is segmented by component, type, tool, end-use industry and region. Based on component, the market is bifurcated into hardware and software. The software segment dominates the market as they are easy to install and update. Based on type, the market is categorized into computer forensics, network forensics, mobile device forensics, and cloud forensics. The computer forensics segment leads the market as it has wide applications in investigation related to financial crimes, healthcare, and telecommunication. Based on tool, the market is divided into forensic data analysis, data acquisition and preservation, data recovery, review and reporting, and forensic decryption. The forensic data analysis tool segment dominates as it helps investigators to analyze large volumes of data through visualization and analytics techniques. Based on end-use industry, the market is classified into government & law enforcement agencies, enterprises, and others. The government & law enforcement agencies segment leads as digital forensics helps in investigation related to cybercrimes.

Key Takeaways

The Global Digital Forensics Market Size is expected to witness high growth, exhibiting CAGR of 10.% over the forecast period, due to increasing instances of cybercrimes and the growing need to prevent financial frauds.

Regional analysis - North America dominates the market currently and is expected to dominate over the forecast period. This is attributed to high adoption of digital devices and increasing investments by government agencies and enterprises on digital forensics solutions in the region. Asia Pacific is expected to grow at the fastest pace during the forecast period owing to the increasing penetration of internet and growing need to investigate cybercrimes.

Key players analysis - Key players operating in the digital forensics market are 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. AccessData Group offers digital forensic software and services. Guidance Software's EnCase forensic software is widely used by law enforcement agencies globally.


Read more: https://www.rapidwebwire.com/digital-forensics-market-insights-forecast/

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