In a recent published report, Kenneth Research has updated the market report for Digital Forensics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.
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Global Digital Forensics Market is expected to reach $7 billion by 2024; growing at a CAGR of 12.6% from 2016 to 2024. Digital forensics is a technique which includes recovery and interpretation of data found in digital devices for use in a court of law. Digital forensic investigation comprises of three stages which includes acquisition of exhibits, investigation, and reporting. Increasing cybercrimes and innovation in digital forensic research show an increased trend for digital forensics market in near future. High security concerns across different industries, rising sophisticated digital crime and terrorist attack, and economic growth in developing nations are the major driving factors for the global digital forensics market. However, rising complexity of mobile devices and increased utilization of cloud based applications may hamper the growth of the market. Innovation in digital forensic tools would provide several growth opportunities for the market in coming years.
The global digital forensics market has been segmented into type and application. By type, the market is segmented into computer forensics, database forensics, network forensics, mobile device forensics, cloud forensics and others. By type, computer forensics accounted for the largest share in the market in 2016, owing to wide usage of computer forensics in both private and public sectors to investigate cybercrime. Moreover, by application, the market is further categorized into healthcare, education, banking, financial services & insurance, information technology, transportation & logistics, law enforcement, and defense & aerospace.
Based on geography, the global digital forensics market has been segmented into North America, Europe, Asia-Pacific and (RoW). The U.S., Mexico and Canada are covered under North America wherein Europe covers Germany, UK, Italy, and others. Asia-Pacific covers China, India, Japan, South Korea, and others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in the digital forensics market are ASR Data, Global Digital Forensics, Binary Intelligence, ASR Data, Paraben Corporation, Guidance Software, Inc., FireEye Inc., LogRhythm, Inc., Access Data Group, Digital Detectives and Lancope, Inc., among others.
The key takeaways from the report:
The report will provide detailed analysis of Digital Forensics Market with respect to major segments such as type, and application. The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities of the global Digital Forensics Market will be provided in the report. An exhaustive regional analysis of Digital Forensics Market from 2015 to 2014 has been included in the report.
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Profile of the key players in the Digital Forensics Market will be provided, which include key financials, product & services, new developments and business strategies.
Scope of Digital Forensics Market
Mobile Device Forensics
Financial Services & Insurance
Transportation & Logistics
Defence & Aerospace
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