Global Digital Forensics Component Market By Component (Hardware ; Forensic Systems, Forensic Devices, Forensic Adapters; Software, Services; Professional Services, Managed Services); By Type (Computer Forensics, Network Forensics, Mobile Device Forensics, Cloud Forensics); By Tool (Forensics Data Analysis, Data Recovery, Review and Reporting, Forensic Decryption); By End Use (Defense and Aerospace, BFSI, Telecom and IT, Transportation and Logistics, Retail, Healthcare, Others (Education and Energy & Utilities); By Region and Forecast 2017-2027

Date : Jul 2021

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Report ID : 347

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Category : Information Technology

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Report Format:  PDF EXCEL PPT WORD

The Global Digital Forensics Component Market size was valued at USD 4,805.2 Million in 2020 and is likely to reach USD 5,303.7 Million by 2027, growing at a CAGR of 10% during the forecast period (2021– 2027).

Digital Forensic is sub division of forensic science which re-establishes evidences and electronic data found in computers, laptops and digital devices. It is the process of recovering, investigating, examining and interpreting electronic data. Data does not get completely erased and even deleted data can be retrieved. Forensic analysis helps in prevention of cybercrimes or cyber terrorism. With the development of new technologies, criminals find diverse methods by using these technologies and commit crimes. With major businesses having their presence on the worldwide web or the internet, they become easy targets to illegal users as all their information is exposed. Computers, mobile devices, digital devices and IoT have become fundamental part of our lives. As data is present it becomes legal evidence and can be used in litigation.

Digital evidences have admissibility in courts in the form of email, browsing history, graphics, photographs, or application documents. Enormous use of IoT refers to interconnected devices has boosted the demand for digital forensics solutions and services. IoT have universal communication. It has been observed that there is a extensive use of IoT devices in smart city projects, smart conveyance, vehicular connectivity and independent automobiles, and smart homes. These devices are brutally targeted by cybercriminals. Therefore, it becomes essential for organizations to implement the best digital forensic solutions and amenities in assisting recovery of lost data.

Digital Forensics Component Market

Encryption, conversion of plain text to cipher text, is a major restraint in the global digital forensics components market growth. The right to privacy poses a roadblock for the digital forensics components market growth. Restrains in the digital forensics components market are preplanning among enterprises and these enterprises should invest in contracts with the best digital forensic merchants, in order to detect, conserve, examine, and restructure data. New trends in the global digital forensics components market are the use of cryptocurrencies. Cryptocurrency is a digital advantage that works in a reorganized method and makes use of cryptographic algorithms to safeguard data transfers. With a boom in cryptocurrency, there is a noted rise in frauds and cyber-attacks. This would increase the digital forensics components market growth over the coming years.

The Global Digital Forensics Components Market Segmentation:

By Component

  • Hardware

                  1.Forensic Systems

                  2. Forensic Devices

                  3.Forensic Adapters

  • Software
  • Services

                 1.Professional Services

                 2. Managed Services

By Type

  • Computer Forensics
  • Network Forensics
  • Mobile Device Forensics
  • Cloud Forensics

By Tool

  • Forensics Data Analysis
  • Data Recovery
  • Review and Reporting
  • Forensic Decryption

By End Use

  • Défense and Aerospace
  • BFSI
  • Telecom and IT
  • Transportation and Logistics
  • Retail
  • Healthcare
  • Others (Education and Energy & Utilities)

By region

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

Based on Component, the Services segment is expected to grow rapidly during the forecast period

Based on Component, the services segment is projected to see a rise. Digital forensic service providers offer management and professionally deemed services. Digital forensic services expand the application of digital forensic hardware and software and restructure the approach of detecting and examining crucial data. Digital forensics services are expensive and mainly being offered by large firms. Owing to this, the expenses incurred are high. Costs of skilled labor, certifications and training thus increase.  Digital Forensics Component market based on services is further divided into digital investigation and consulting services, system integration, training and education support, and maintenance services among others.

Based on Type, the Computer forensics segment is expected to see a rise in the Digital Forensics Component Market during the forecast period

Based on Type, the computer forensics segment is expected to rise considerably. Businesses use digital devices to perform crucial business deals. Confidential data is saved on digital devices. Due to major technological advancement, cybercrime and cyber-attacks on digital devices have increased. The identification, preservation, gathering, examination, and scrutiny of evidence found on the digital devices are defined as computer forensics. Computer forensics has been recognized by various government agencies and officials. Deleted data can be recovered as they are stored on hardware and software which is known as digital computer forensics.

Based on End Use, Defense segment is expected to hold the largest market size during the forecast period
Based on End Use, Defense segment is predicted to hold the largest market size. Being of utmost importance, the government and defense is constantly under threat from cyber-attackers. Political rivalry can be termed as the motive behind these cyber-attacks and cyber terrorism against federal and defense agencies. Owing to this government agencies have given priority to securing data privacy. These include securing digital devices such as computers, mobiles, and other devices which are used for committing crimes as they are strongly dependent on interne. Vital information can be leaked if these devices used by defense are compromised. The defense and government is dedicated to safeguard the information on priority.

Based on regions, North American region is projected to have the highest growth in the Digital Forensics Component Market in the year 2020

The global digital forensics component market has been segmented as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among which North America is estimated to be the largest contributor to the global digital forensics component market in 2020, as this region has always been most interested in adopting digital forensics. It comprises of most of the key players. The market is flooded with digital and mobile devices, such as smartphones, laptops, and desktops for businesses to flourish. They practice using cloud technology. However, these developments have increased cybercrime and cyber-attacks in this region.  The prevalent data compliance regulations and the rapid deployment of the cloud are expected drive the North American digital forensics component market. Hence, various government and law enforcement agencies in the US are taking initiatives toward strengthening the digital forensic component sector.

Company Profiles and Competitive Intelligence

The key players operating in the market are:

  • AccessData
  • Cellebrite
  • MSAB
  • OpenText
  • Oxygen Forensics
  • ADF Solutions
  • Coalfire
  • Digital Detective
  • LogRhythm
  • Magnet Forensics
  • Paraben
  •  CCL Solutions Group
  •  Global Digital Forensics
  •  Guidance Software
  •  Cellebrite
  •  Oxygen Forensics
  •  PerkinElmer
  •  Cellmark
  •   FireEye
  •  Binary Intelligence
  •  Access Data Grou

The report also provides in-depth analysis of market dynamics such as drivers, restraints, and opportunities.

Drivers

  • Rise in digital infrastructure with distant solutions
  • Rise in transactions made digitally
  • Rise in the use of cryptocurrencies

Restraints

  • Lack of digital forensics preplanning among enterprises
  • right to privacy for individuals
  • digital forensics services are expensive

Opportunities

  • Government agencies are prioritizing their cybersecurity and data privacy

Covid 19 Impact on the Digital Forensics Component Market

Covid 19 has had a major impact around the world causing a major economic downfall. There have been major changes in the way businesses operate. The pandemic has forced people to maintain social distancing and adopt digital policies. However, such business practices has led to a rise in hacking and unethical cybercrime. Therefore, this has increased the global digital forensics component market scope.

The report also provides in-depth analysis of key market trends

Sr No Trends Impact
1 The rapid development of computing by the IoT and the speedy rise in the number of mobiles, computers, and other electronic and digital devices  Positive
2 Absence of expertise, custom operating systems, and high level of encryption in new mobile applications Negative
3 Covid 19 impact increased cybersecurity actions  Positive

The report also provides in-depth analysis of recent News Developments and Investments

  • AccessData Group announced the release in March 2020 of Quin-C a new version that transports prebuilt workflow choices for both legal critics and forensic investigators. important mobile data processing, review and analysis capabilities, and improved viewer technology.
  • In December 2019, FireEye Inc. introduced FireEye Cyber Physical Threat Intelligence which enables the new subscription to provide context, data, and illegal investigation on threats to cyber physical organizations and equipment such as operational technology (OT), industrial control systems (ICS), Internet of Things (IoT), which are used in the management of organized physical procedures.

The unique insights provided by this report also includes the following:

  • In-depth value chain analysis
  • Opportunity mapping
  • Sector snapshot
  • Key Players Positioning Matrix
  • Regulatory scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market trends
  • Covid-19 impact analysis
  • Product comparison
  • Pre & Post COVID 19 impact on Digital Forensics Component Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

Who are the key players in the Digital Forensic Components Industry?

The key players in Global Digital Forensic Components Market include AccessData, Cellebrite, MSAB, OpenText, Oxygen Forensics, ADF Solutions, Coalfire, Digital Detective, LogRhythm, Magnet Forensics, and Paraben.

What is the share of North America in Digital Forensic Components Market?

North American digital forensic components market is expected to grow at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period

What is the estimated market growth rate?

The estimated market growth rate is 10%

How big is the Global Digital Forensic Components Market?

The Global Digital Forensics Component market size was valued at USD 4805.2 Million in 2020 and is likely to reach USD 5303.7 Million by 2027, growing at a CAGR of 10% during 2020 - 2027.

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Table of Contents

  • Section 1: Introduction
    • Engagement Objective
    • Scope of the Study: Segmentation 
    • Timeframe, Currency and Limitations
  • Section 2: Research Methodology
    • 3P Research Approach
    • Market Sizing Approach
    • Data Sources
    • Primary Research Coverage
  • Section 3: Executive Summary
    • Global Digital Forensic Components Market Summary
    • Market Snapshot
    • Regional Snapshot
  • Section 4: Market Overview of Digital Forensic Components Market
    • Drivers
    • Restraints
    • Opportunities
    • Market Trends
  • Section 5: Premium Insights
    • Industry Prospects
    • Major Market Segments
    • Key Trends
    • Competitive Benchmarking
    • Product Benchmarking
    • SWOT Analysis
    • Strategies Adopted-Benchmarking Heat Map
    • Recent News and Developments
    • Value Chain Analysis
    • Pain-Point Analysis
    • Porter’s Five Forces Analysis
  • Section 6: Market Overview of Digital Forensic Components Market
    • By Component
  • Hardware
      • Forensic Systems
      • Forensic Devices
      • Forensic Adapters
    • Software
    • Services
      • Professional Services
      • Managed Services
    • By Type
      • Computer Forensics
      • Network Forensics
      • Mobile Device Forensics
      • Cloud Forensics
    • By Tool
      • Forensics Data Analysis
      • Data Recovery
      • Review and Reporting
      • Forensic Decryption
    • By End Use Industry
      • Defense and Aerospace
      • BFSI
      • Telecom and IT
      • Transportation and Logistics
      • Retail
      • Healthcare
      • Others (Education and Energy & Utilities)
  • Section 9: Future Forecast & Impact of COVID-19
    • Covid 19 - Prevalence Analysis
    • Key Trends Analysis
    • 2020 Market Forecast (Pre & Post Covid-19)
    • Key Factor Analysis
    • Ecosystem Impact & Opportunity Analysis
  • Section 10: Regional Market Analysis (US Millions)
    • North America
      • Market Overview
      • Market Outlook
      • Key Countries & Market Estimates
        • United States
        • Canada
    • Europe
      • Market Overview
      • Market Outlook
      • Key Countries & Market Estimates
        • Germany
        • France
        • United Kingdom
        • Rest of Europe
    • Asia Pacific
      • Market Overview
      • Market Outlook
      • Key Countries & Market Estimates
        • China
        • Japan
        • India
        • South Korea
        • Rest of APAC
    • Latin America
      • Market Overview
      • Market Outlook
      • Key Countries & Market Estimates
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • Market Overview
      • Market Outlook
      • Key Countries & Market Estimates
        • GCC
        • Rest of MEA
  • Section 11: Competitive Scenario
    • Competitive Landscape
    • Investment Scenario by key Players
    • Key Player Overview
    • Top 5 Player Comparison
    • Player Wise Geographic Presence
    • Player Wise Target Applications
    • Competitive positioning and strategies of market players
  • Section 12: Company Profiles
  1. AccessData
  2. Cellebrite
  3. MSAB
  4. OpenText
  5. Oxygen Forensics
  6. ADF Solutions
  7. Coalfire
  8. Digital Detective
  9. LogRhythm
  10. Magnet Forensics
  11. Paraben
  12. Other Notable Players

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