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Global Digital Forensics Market Size, 2026 | Industry Growth Report

Digital Forensics Market Analysis Report By Type, By Component, By Tool, By End Use, By Region And Segment Forecasts From 2019 To 2026

Report ID: MN17620015  |  Published: August 2020  |  No of Pages: 120
Format: Electronic (PDF)  |  Industry: Computing & Technology  |  Publisher: Grand View Research

Industry Insights

The global digital forensics market size was accounted for USD 1.72 billion in 2018. It is anticipated to grow at the CAGR of 12.3% from 2019 to 2026. The growing security concerns and digital crime across IT, Telecom, retail, and financial institution are projected to boost market growth. In addition, increasing digital, media, internet networks, and development in electronic devices are anticipated to spur the demand for digital forensic solutions.

Growing application of cloud services along with development in IoT technology is expected to support the market growth. However, the rising risk of malware & viruses help hacker to get access to data. Furthermore, increasing penetration of electronic devices are allowing consumers to access large financial data through messages, emails. Thus, these factors are projected to surge the need for digital forensic solutions.

U.S. digital forensics marketMedium & small enterprises share a large amount of data through external & internal environments which tend to cause cybercrime. cyber attacks or information hack impact enterprises reputation. For example, according to a security survey, in 2019, 22.0% of charities, and 32.0% of businesses have suffered from cyber-attacks in the U.K. Thus, thegrowing incidence of information breach is expected to foster the demand for digital forensic services.

To resolve these cyber attacks, many government and universities are arranging workshops regarding cybercrime investigation & digital forensic solutions. For instance, in 2019, FREETOOL Workshop was arranged by the European Council for cybercrime and Dublin University in Romania. These initiatives help in increasing awareness among consumers.

High installation and licensing cost is expected to restrain market growth. Moreover, lack of expertise, and pre-planning in deployment solution are also expected to adversely impact on market growth. Additionally, less availability of cloud forensic solutions may hamper the market growth.

Component Insights

The digital forensics solution is divided into hardware, services, and software depending on the component. The service segment is comprised of managed & professional services. In 2018, the software segment dominated the market with the largest share in the overall market. Software solutions help to track and analyze variations in the data to mitigate risk factors.

Digital forensic solutions help in identify, search & prioritize evidences through computer or mobile applications. Moreover, the companies emphasize on building a flexible software solution for data collection. For example, EnCase Forensic solution provided by Open Text Corp can collect information from smartphones, GPS, and other mobile devices. These key factors projected to increase demand for forensic solutions in the coming few years.

Type Insights

Based on type, the digital forensics market is segmented into network forensics, computer forensics, cloud forensics, and mobile device forensics. In 2018, computer forensics led the market with the highest revenue of around USD 555.8 million in the overall market. Rising demand for computer forensic in private & criminal law investigation is projected to proliferate the market growth. Additionally, enterprises are investing high on advanced technologies for data security which is anticipated to boost the segmental growth.

Computer solutions collect large data and help in analyzing evidence data by using digitally enabled devices. Thus, these solutions are globally accepted owing to its greater efficiency and reliability. It also useful while extracting metadata, messages, and calendar events, which are necessary for any criminal investigation.

Tool Insights

In 2018, the forensic data analysis segment led the market with the highest share. This tool provides recording competences and retrieval analysis through metadata. Increasing incidence in financial frauds & crimes is projected to surge the demand for these tools for investigation.

Preservation & data acquisition is anticipated to propel at significant rate during the forecast period. Data preservation and obtaining evidences securely is an integral part of investigation. This data acquisition tool help in preserving obtained evidence in security with better functionality.

End Use Insights

In 2018, government segment held the largest market share in the overall market. It is projected to expand at the significant rate due to rising adoption of digital forensic solution. However, this segment is highly vulnerable to cyber attacks. For example, in 2019, according to information resource department of Texas around 23 agencies in Texas have suffered from cyber attacks.

Europe digital forensics market

Criminals use advanced technologies to attack on financial institutions. For example, in U.K., 54.0% registered cases were found to be cyber related in 2018. Hence, the financial institutions are now emphasizing on adopting advanced forensic solution for cybersecurity. This trend is expected to positively impact on market growth.

Regional Insights

In 2018, North America led the digital forensic market with the highest share in the market. It is accounted for over USD 667.0 million in the overall market. This growth is attributed to the rising cybercrime across the region. Various banks such as JPMorgan Chase, Wells Fargo, and Citigroup have confronted regarding cyber attacks. Government authorities regularly confront these banks for data protection.

Increasing penetration of internet networks, digital-electronic devices are projected to boost the demand for forensic solutions. In addition, technological innovation is expected to create ample opportunities for market growth. Key players in the market are LogRhythm Inc., Accessdata, FireEye Inc.

Impact of COVID-19

COVID-19 pandemic has impacted several industries with supply chain disruption. Amid corona virus crisis, healthcare and IT sector are facing challenges from cyber-attacks. Cyber-attacks can result in loss of data, financial information which are critical for organizations. Thus, the companies are looking after digital forensic solution to build critical infrastructure for safety of the organization. 

During the COVID-19, to tackle these issues, companies have mandated protocols with secured internet, virtual private network (VPN). This helps companies to track on external emails to avoid ransomware, malware, and phishing attacks.

Digital Forensics Market Share Insights

Leading players in the market include, LogRhythm Inc.; Guidance Software Inc.; Accessdata; Paraben Corporation; Oxygen Forensics; FireEye Inc.; MSAB; and Digital Detective Group Limited.

Major companies engage in new product launch, innovations to expand their product offerings. For example, in 2018, Paraben Corporation has introduced E3 platform with version 2.0.Some of the player invest on R & D activities to develop new product. For example, Open Text Corporation have invested over USD 926 million in R & D.

Report Scope



Base year for estimation


Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2026

Market representation

Revenue in USD Million & CAGR from 2019 to 2026

Regional scope

North America, Europe, Asia Pacific, Latin America & Middle East & Africa

Country scope

U.S., Canada, U.K., Germany, India, China, Japan, and Brazil.

Report coverage             

Revenue forecast, company ranking, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional and country levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2026. For the purpose of this study, Million Insights has segmented the global digital forensics market report on the basis of component, type, tool, end use, and region:

• Component Outlook (Revenue, USD Million, 2015 - 2026)
    • Hardware
    • Software
    • Service
        • Professional Services
        • Managed Services

• Type Outlook (Revenue, USD Million, 2015 - 2026)
    • Computer Forensics
    • Network Forensics
    • Mobile Device Forensics
    • Cloud Forensics

• Tool Outlook (Revenue, USD Million, 2015 - 2026)
    • Data Acquisition & Preservation
    • Forensics Data Analysis
    • Data Recovery
    • Review & Reporting
    • Forensic Decryption
    • Others

• End Use Outlook (Revenue, USD Million, 2015 - 2026)
    • Government
    • Banking, Financial Services, and Insurance (BFSI)
    • IT & Telecom
    • Retail
    • Healthcare
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2026)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa (MEA)

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