Digital Forensics Market Overview

Between 2023 and 2030, the worldwide Digital Forensics Market is expected to develop at a compound annual growth rate of a CAGR of 11.40%. The Digital forensics industry is projected to grow from USD 11.6 Billion in 2023 to USD 22.3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.40% during the forecast period (2023 - 2030). Digital forensics refers to the examination and retrieval of digital evidence in the case of computer-related crimes. One of the most important fields to emerge from the original area of forensic science is digital forensics investigation. 

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The majority of the world's major powers are boosting their spending on digital forensics. In addition, they are introducing them into people's everyday lives, raising demand for these kinds of services. 

Companies are now offering methods to limit the COVID-19 outbreak in the marketplace. This technique uses cellular telephones to track where people have gone, who they've spoken to, and when they've done it, among other things. In the end, COVID-19 was a game-changer for the digital forensics business since it discovered several fraudulent operations. On the other side, the current market environment shows that throughout COVID, the infection had a significant influence on industry professionals, predicted demand schedules, and supply chains, among other important elements. As a result of this epidemic, Digital Forensic can assist you in determining which organizations will profit and which will fall out.

Digital Forensics Market Segmentation

The digital forensics market is categorized based on tool, component, vertical, type, and geography. Component: digital forensics software and hardware are divided into cloud forensics, mobile device, computer, and forensic network markets. 

According to the prediction, computer forensics will account for most of the market share over the next several years. Since more and more company operations are moving to the digital realm, there has been a surge in the quantity of secret corporate and transaction records that must be safeguarded to guarantee their authenticity and that only those with appropriate rights have access to it. As a result, this market has the greatest share because computer forensics contribute significantly to information security controls by ensuring data integrity.

Regional Classification

It is expected that North America will account for the majority of worldwide digital forensics revenue in 2017. The city is home to some prominent digital forensics experts as a bonus. The majority of businesses in the area use cloud computing to streamline their operations. Cyber-attacks in this area have been expedited by the increased prevalence of mobile gadgets, such as cellphones, computers and USBs, which aid in continuing company operations. The broad implementation of cloud computing and the quick adoption of data standards will likely serve as major growth drivers for the digital forensics industry. 

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In addition, the number of assaults is expanding substantially and getting more complex due to the widespread use of cloud-based services in North America. As a result, many law and government enforcement around the United States are taking steps to enhance the digital forensics industry.

Industry News

A new version of Oxygen Forensic Detective, driven by JetEngine, will be released in Dec 2019, Oxygen Forensics has revealed. Image classification and categorization are included in the database, making it possible to sort and classify photographs using artificial intelligence into 12 areas, such as illicit substances, weapons, alcoholic beverages, and naughty behaviour, to obtain specific photos quickly.

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