As per the research by Market Research Future Reports (MRFR), the Global Digital Forensics Market is estimated to expand at a CAGR of 11% during the review period from 2017-2023. The pandemic COVID-19 has built and broken many valuable opportunities for the companies in the digital forensics market. The market is most likely to expand since people are working from home and are strictly relying on the digital forensics for the security of data,.The global digital forensic market 2020 is likely to grow at a fast pace during the review period. The rising adoption of the growing popularity of connected equipment, the internet of things, across several sectors like retail and I.T. & telecommunications, BFSI, manufacturing, and healthcare is aiding the expansion of the global market. The rising threats of cyber-attacks are the primary factors influencing the global digital forensics market.
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Moreover, the increasing advancement in the field of technology has propelled the market. The companies are spending enormously on research and development. The increasing adoption of cloud-based technologies has resulted in the expansion of the global digital forensics market.
Global Digital Forensic Market can be segregated on the grounds of Application, Component, Deployment, Type, and Region.
On the basis of application, the global digital forensic market can be segregated into military & defense and government & law enforcement agencies, healthcare, BFSI, education, legal & professional, aerospace & defense, I.T. & telecommunication, media & entertainment, transportation & logistics.
Based on components, the global digital forensic market can be segregated into software, hardware, and service.
Based on deployment, the global digital forensic market can be segregated into on-premise and cloud deployment.
Based on type, the global digital forensic market can be segregated into cloud forensics, computer forensics, mobile device forensics, and network forensics.
On the basis of region, the global digital forensic market can be segregated into Europe, Asia Pacific, North America, and the Rest of the World (RoW).
The geographical analysis of North America, Europe, Asia Pacific, and the Rest of the World (RoW) has been performed. As per the analysis by MRFR, North America is expected to hold the largest share of the market, Europe is likely to expand at the maximum rate during the review period. The growth in North America is acknowledged to the technical development and the rising adoption of cloud-based technologies. The increasing demand for the security of digital data. The U.S. and Canada are believed to drive the market. There has been a drastic fall in the usage of traditional applications, the region is likely to show an exponential growth in the forthcoming period. The U.S. acquires the maximum market share concerning revenue and the adoption of cloud-based technologies.
Moreover, North America has a developed infrastructure that provides higher penetration of devices and offers seamless connectivity. The APAC region is likely to adopt digital forensic at a faster pace with the maximum CAGR during the review period. With the rising cyber-threat in the region, the market is likely to display exponential progress in the forthcoming period.
The most important players in the global digital forensics sector are Guardian Digital Forensics (U.S.), Perkinelmer, Inc., (U.S.), AccessData (U.S.), Guidance Software, Inc. (U.S.), CYFOR (U.K.), MSAB (Sweden), FireEye, Inc. (U.S.), Oxygen Forensics (U.S.), Nuix Pty Ltd. (Australia), Paraben Corporation (U.S.), Logrhythm (U.S.), Cellmark (U.K.), Binary Intelligence LLC (U.S.), CCL Solutions Group Ltd. (U.K.), IBM Corporation (U.S.), Cellebrite (Israel), Magnet Forensics Inc. (U.S.), Lancope Inc. (U.S.), Cisco Systems, Inc. (U.S.), SecureWorks Inc. (U.S.), FRONTEO Inc. (Japan), Stroz Friedberg LLC (U.S.), Kroll, Inc. (U.S.), and others.
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