Digital Forensics Software Market Size, Trends & Analysis - Forecasts to 2025 By Type (Computer Forensics, Network Forensics, Mobile Device Forensics, Cloud Forensics); By Tool (Forensic Data Analysis, Data Recovery, Data Acquisition & Preservation, Review & Reporting, Forensic Decryption, Others); By Vertical (BFSI, Government & Defense, Telecom & IT, Retail, Healthcare, Others); By Region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa); End-Use Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis - Global Market Estimates
Digital Forensics Software Market Insights
The global digital forensics software market is projected to grow rapidly over the forecast period. Increasing adoption of private and public cloud computing models by enterprises has led to growing instances of security breaches and cyber-attacks across the world. Digital forensics software is widely deployed across several end-use verticals in order to resolve the prevalence of security threats. Also, increasing public interest towards cryptocurrencies is further projected to boost the market demand over the coming years.
The proliferation of technologies such as the Internet of Things, big data analytics, cloud computing services, and rapid growth in mobile & internet banking is expected to drive the market demand in the coming years. However, lack of skilled personnel coupled with complexity associated with the operations might act as a threat to the overall market.
Digital Forensics Software Market: Type Insights
The digital forensics software market is segmented into computer forensics, network forensics, mobile device forensics, and cloud forensics. The cloud forensics segment is projected to grow at the highest CAGR over the forecast period. The demand for computer forensics segment is anticipated to grow at a significant rate over the next eight years. The segment growth is attributed to the development of several technologically advanced computer forensic software tools along with its superior functionalities including easy management of records.
Digital Forensics Software Market: Tool Insights
Based on tools, the global digital forensics software market is segmented into forensic data analysis, data recovery, data acquisition & preservation, review & reporting, and forensic decryption among others. The forensic data analysis tool accounted for the largest market share in 2017 and is expected to grow at a considerable CAGR over the coming years. These tools are responsible for analyzing the anomalies, outliers, and trends based on priorities.
Digital Forensics Software Market: Vertical Insights
On the basis of vertical, the market is divided into government & defense, BFSI, telecom & IT, retail, and healthcare among others. The BFSI vertical is expected to grow at the fastest compound annual growth rate over the projected period on account of growing inline transactions.
The retail & e-commerce segment is also projected to account for a substantial market share over the forecast period. The growth is attributed to technological advancements in customer analytics in retail and e-commerce businesses.
Digital Forensics Software Market: Regional Insights
The demand for digital forensics software in North America accounted for a substantial market share in 2017. The regional growth is expected to be influenced by high technology adoption rate in the U.S. and Canada. The presence of key innovators in the region is further likely to boost the market growth over the coming years. Europe is likely to follow North America in terms of revenue over the next eight years.
The market in the Asia Pacific is likely to register highest CAGR over the projected period due to the advancements in IT infrastructure. The industries, specifically from China and India are gradually exploring new technologies and abilities to make full use of their existing systems and data.
Digital Forensics Software Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Space Mining over the coming years. Some leading consumers of digital forensics software market are AT&T, Verizon, Wal-Mart, and Costco among others.
Digital Forensics Software Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Digital Forensics Software Market Share & Competitor Analysis
Some of the players operating in the global digital forensics software market include MSAB, Accessdata, Cellebrite, Opentext, ADF Solutions, Oxygen Forensics, Coalfire, Logrhythm, Digital Detective Group, Magnet Forensics, and Paraben among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Digital Forensics Software Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Digital Forensics Software Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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