Digital Forensics Market By Type (Computer Forensics, Mobile Device Forensics, Network Forensics, Database Forensics, Cloud Forensics), Component (Hardware, Software, Services), End User (Government & Law Enforcement, Legal Services Firms
The market for digital forensics is expected to grow at a CAGR of 11.2%, from a market worth of US$10.07 billion in 2022 to US$23.62 billion by 2030. In 2021, the value of the global cybersecurity market was 8% accounted for by digital forensics.
The dynamics of the digital forensics industry will be contrasted and evaluated, according to Future Market Insights. Investments in digital forensics solutions have been motivated by an increase in ransomware, malware, cyberattacks, and other unlawful data collection techniques. Furthermore, the demand for the digital forensics market has grown as a result of the expansion of government requirements to meet data protection standards.
Some of the key takeaways from the report are highlighted below-
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Rising Adoption of Artificial Intelligence Boosting Growth
Since the past decade, artificial intelligence is being increasingly adopted by the digital forensics market in order to obtain more advanced results.
As artificial intelligence is highly efficient in locating, and identifying relevant elements in video clips and pictures in order to spot the commonalities in time stamps, places, communications, and others, it is widely preferred by the digital forensics market across the globe.
With the increasing adoption of artificial intelligence, digital forensics market is getting more efficient and fast in data investigation, data recovery, and other crucial parts of crime investigations.
As artificial intelligence is getting more widely popular, its increased adoption is expected to grow the global market further in the near future.
Competitive Landscape
Companies offering digital forensics are focusing on launching advanced digital forensics solutions to sustain growth.
For instance,
Which Region Is Expected To Lead The Digital Forensics Market?
“Advanced Cloud Technologies to Boost Market Expansion in North America”
North America being an early adopter of the latest technologies, is witnessing an increase in the rate of cybercrimes, which is fuelling the demand for digital forensics in the region. The North America region USD to hold the largest market size during the forecast period. The increasing adoption of cloud technologies has further pushed the market growth making it the topmost contributor to the global digital forensics market value.
Driven by the rising adoption of artificial intelligence and novel technologies, the market in North America is projected to expand during the forecast period.
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Digital Forensics Industry Survey
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client
Apr 21, 2023