Digital Forensics Market Size - By Tools (Data Acquisition & Preservation, Forensic Data Analysis, Forensic Data Analysis, Review & Reporting, Forensic Decryption), Component (Hardware, Software, Services), Type, Industry Vertical & Forecast, 2023 - 2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDigital Forensics Market Size
Digital Forensics Market accounted for USD 8.1 billion in 2022 and is projected to register a CAGR of more than 11% from 2023 to 2032. The growing complaints related to cybercrimes have notably enhanced the need for digital forensic services. Since the cybercriminals are becoming increasingly advanced, organizations and law enforcement agencies need expertise in handling & overcoming cyber threats.
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Based on the FBI's Internet Crime Report 2022, the FBI got 800,944 complaints of cyber-crimes from the public in 2022, which is a 5% decrease from the year before. The overall loss, however, increased to USD 10.2 billion, which is a high jump from USD 6.9 billion in 2021. The top U.S. states with the highest number of victims of cybercrime were California, Florida, and Texas. Increasing the use of computer forensics tools and experience is an aftermath of increasing incidence & sophistication in cybercrimes, thus fostering the growth in the market of computer forensics.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Digital Forensics Market Size in 2022 | USD 8.1 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 11% |
| 2032 Value Projection | USD 23 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 250 |
| Tables, Charts & Figures | 351 |
| Segments covered | Type, tools, component, and industry vertical |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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Determining the causes and effects of cyberattacks is imperative in the fight against cybercrimes. Digital forensics has a central role to play by carefully examining cyber incidents, ascertaining their point of origin, and recognizing the probable consequences. Proper preservation of digital evidence is also important for litigation purposes and enhancing cybersecurity measures. The demand for professional investigators skilled at preserving, analyzing, and presenting digital evidence has created a huge demand for digital forensic services, fueling market growth.
The lack of skilled digital forensic experts is a major barrier to market size. With growing complexity in cybercrimes, the need for forensic analysis experts rises. The absence of qualified experts causes investigation delays and inefficiencies in managing varied cases, affecting the quality of forensic analysis. Education, training initiatives, and incentives from the industry are important to bridge this skill gap to enable the market to adequately address the changing cyber threats.
COVID-19 Impact
The COVID-19 pandemic helped the digital forensics market. With remote working becoming common, cybercrimes increased, leading to an upsurge in the demand for digital forensic services to investigate attacks like phishing and data breaches. Organizations saw the increased cybersecurity threat and boosted spending on digital forensics tools and skills. This demand for forensic services and solutions got a boost, and there was potential for market growth and innovative solutions to address new-age cyber threats.
Digital Forensics Market Trends
Mobile device analysis platforms are driving profitable growth in the digital forensics market by responding to the growing complexity of mobile-related cybercrimes. These platforms provide end-to-end solutions, allowing forensic examiners to recover, analyze & interpret data from various mobile devices.
For instance, in March 2023, Downstreem introduced StreemView, a cutting-edge mobile device analysis, investigation & culling platform. This innovative tool supports all data types and operating systems across various mobile devices. StreemView offers digital forensic experts a transparent, efficient, intelligent & cost-effective solution for handling mobile data, enhancing their investigative capabilities significantly. These solutions can also handle intricate data types and operating systems efficiently, positioning them as essential assets and boosting the digital forensics industry growth.
AI-powered digital forensics is driving lucrative growth in the market by revolutionizing investigative processes. Machine learning algorithms analyze vast datasets swiftly, aiding experts in identifying patterns, anomalies & potential threats more accurately. This efficiency enhances investigation speed, enabling quicker responses to cybercrimes. AI also automates repetitive tasks, reducing human effort and errors. The integration of AI technology improves forensic capabilities and significantly contributes to market expansion through enhanced effectiveness & resource optimization.
Digital Forensics Market Analysis
Learn more about the key segments shaping this market
Based on component, the software segment held over 35% of the market share in 2022. Digital forensic services are propelling the service segment by offering specialized expertise in investigating cybercrimes. Businesses and organizations are increasingly relying on these services to uncover digital evidence, respond to security incidents, and prevent future threats.
For instance, in February 2023, Cadien Cyber Response, a firm specializing in incident response & intricate digital forensics, commenced its operations. The company introduced a team comprising top experts from the industry and government sectors, emphasizing its focus on reactive services. The company’s initial service offerings encompass incident response, digital forensics, expert witness testimony, insider threat investigations, and personalized individual cyber services.
Learn more about the key segments shaping this market
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Based on industry vertical, the government segment accounted for 25% of the digital forensics market share in 2022. In the government sector, digital forensics plays a crucial role in ensuring national security by addressing cyber threats posed by state actors, terrorists, and organized crime groups. Government law enforcement agencies heavily rely on digital forensic expertise to solve criminal cases involving digital evidence such as cyberbullying, fraud, and other forms of organized crime. By leveraging advanced forensic techniques, these agencies can effectively investigate cybercrimes, track online communication, and analyze digital footprints, enhancing their ability to prevent & combat various forms of cyber threats and criminal activities.
Looking for region specific data?
North America digital forensics market recorded more than 36% of revenue share in 2022, due to its technological advancements & growing corporate landscape. In North America, the market benefits significantly from the region's continuous technological advancements. The presence of cutting-edge R&D facilities fosters innovation in digital forensics tools and techniques. Ongoing technological progress leads to the creation of more sophisticated & efficient forensic solutions, enhancing investigators' capabilities to handle diverse and complex cybercrimes. These advancements improve the accuracy and speed of investigations and contribute to market growth by providing businesses & government agencies with state-of-the-art digital forensic resources.
Digital Forensics Market Share
Major companies operating in the digital forensics industry are
- Cellebrite
- Exterro
- IBM Corporation
- Magnet Forensics
- Microsoft Corporation
- MSAB
- OpenText
- Oxygen Forensics
- Paraben
Dominating players, such as Cellebrite, Magnet Forensics, and MSAB, vie for market share through continuous innovation, offering advanced forensic solutions. Players invest in research, strategic partnerships & global expansion to ensure that their products remain cutting-edge and widely adopted, solidifying their positions in the competitive digital forensics market.
Digital Forensics Industry News
- In March 2023, Ambient.ai, a pioneer in reshaping physical security through computer vision intelligence, introduced its forensics solution with AI capabilities for near real-time incident investigations. The new search features enable teams to explore objects, intricate behavior patterns & non-biometric identifiers, such as dress color, reducing investigation time by over 90%, thereby enhancing the efficiency of incident analysis.
The digital forensics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032 for the following segments
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Market, By Type
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
- Others
Market, By Tools
- Data Acquisition & Preservation
- Forensic Data Analysis
- Forensic Data Analysis
- Review & Reporting
- Forensic Decryption
- Others
Market, By Component
- Hardware
- Software
- Service
Market, By Industry Vertical
- BFSI
- Healthcare
- Government
- IT & Telecom
- Retail
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- UAE
- Saudi Arabia
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