Digital Forensics Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Digital Forensics Market Size accounted for USD 6.1 Billion in 2022 and is projected to achieve a market size of USD 15.9 Billion by 2032 growing at a CAGR of 10.2% from 2023 to 2032.

Digital Forensics Market Highlights

• Global digital forensics market revenue is expected to increase by USD 15.9 Billion by 2032, with a 10.2% CAGR from 2023 to 2032
• North America region led with more than 36% of digital forensics market share in 2022
• Asia-Pacific digital forensics market growth will record a CAGR of around 12% from 2023 to 2032
• According to a survey by the Association of Certified Fraud Examiners, digital evidence was used in 85% of fraud investigations in 2020
• According to a report by Accenture, 68% of cyber attacks use advanced malware and 59% involve phishing attacks
• Increasing prevalence of digital devices and technologies, drives the digital forensics market value

Digital forensics is the process of collecting, analyzing, and preserving digital evidence in a way that maintains its integrity and admissibility in legal proceedings. This field encompasses a wide range of activities, including the recovery of deleted files, the examination of computer systems and networks for signs of unauthorized access, and the analysis of digital media such as photos, videos, and audio recordings. Digital forensics is used in a variety of contexts, including criminal investigations, civil litigation, and internal corporate investigations.

The digital forensics market has experienced significant growth in recent years, driven by a number of factors. One major factor is the increasing prevalence of digital devices and technologies, which has led to exponential growth in the amount of digital data being created and stored. This, in turn, has created a greater need for digital forensics experts who can help organizations collect and analyzes this data in order to detect and respond to cyber threats, investigate incidents of data breaches and fraud, and ensure compliance with regulatory requirements. Digital forensics can help organizations identify the source of an attack, understand how it was carried out, and develop strategies to prevent similar attacks from occurring in the future. As a result, the demand for digital forensics services is expected to continue to grow in the coming years.

Global Digital Forensics Market Trends

Market Drivers

• Increasing prevalence of digital devices and technologies
• Growing need for digital forensics experts to detect and respond to cyber threats
• Rising incidence of data breaches and fraud
• Increasing adoption of cloud-based services
• Growing use of mobile devices for business purposes

Market Restraints

• Lack of skilled professionals in the field of digital forensics
• High costs associated with digital forensics investigations

Market Opportunities

• Increasing adoption of artificial intelligence (AI) and machine learning (ML) technologies in digital forensics investigations
• Growing use of blockchain technology to secure digital evidence

Digital Forensics Market Report Coverage

The digital forensics market size is majorly driven owing to factors such as increasing threats from crimes and terrorist attacks, rising security concerns across different industries, and economic growth in emerging markets. Digital forensics is a forensic science that involves finding data from digital devices by recovery and interpretation and is mostly associated with computer crime. The investigation, acquisition of exhibits, and reporting are the three stages of investigation in digital forensics. Digital forensics is presently considered a significant tool to gather, determine and present data as evidence. In the near future, forensics technology would find wide applications in education, transport, and other sectors. A large number of players with innovative products, which offer better accuracy and functionality are emerging in the market. Considering all the prevailing trends, the market for digital forensics is expected to grow at a significant rate during the forecast period.

Vital opportunities related to the digital forensics market are innovations in digital forensic tools. However, the rising complication in mobile devices, increased utilization of cloud-based applications and the persistent threat of government snooping are some factors that can limit the growth of this market.

During the forecast period, North America is expected to hold the largest share of the global digital forensics market. Computer forensics was an enormous segment recently due to widespread application in various law enforcement agencies as computers may hold relevant files related to crimes such as drug trafficking, murder, kidnap, or fraud. With increasing technological advancements, the application of digital forensics is becoming critical for solving high-end crimes. The increasing rate of cyber-crimes and privacy concerns are other factors that are positively impacting the growth of digital forensics in developed nations mostly. Economic growth coupled with digitalization in emerging markets is boosting the need for digital forensics in the APAC region. Owing to the factors mentioned above, the digital forensic market is anticipated to grow considerably during the forecast period.

Digital Forensics Market Segmentation

The global digital forensics market segmentation is based on component, type, tool, end user, and geography.

Digital Forensics Market By Component

• Software
• Hardware
• Service

According to the digital forensics industry analysis, the software segment accounted for the largest market share in 2022. One major factor is the increasing prevalence of digital devices and technologies, which has led to exponential growth in the amount of digital data being created and stored. This has created a greater need for digital forensics software tools that can help organizations collect and analyze this data in order to detect and respond to cyber threats, investigate incidents of data breaches and fraud, and ensure compliance with regulatory requirements. Another major factor driving the growth of the digital forensics software market is the increasing sophistication of cyber attacks. Furthermore, the rising adoption of cloud-based services and the increasing use of mobile devices for business purposes have further fueled the growth of digital forensics software.

Digital Forensics Market By Type

• Mobile Forensic
• Network Forensic
• Computer Forensic
• Others

In terms of types, the network forensic segment is expected to witness significant growth in the coming years. This growth is driven by the increasing prevalence of cyber-attacks and the need to investigate and respond to these attacks. Network forensics involves the analysis of network traffic and communication patterns in order to identify potential threats and vulnerabilities. This includes monitoring network activity to detect unauthorized access, data exfiltration, and other suspicious behavior. One major factor driving the growth of the network forensic market is the increasing sophistication of cyber attacks. Network forensics tools can help organizations identify the source of an attack, understand how it was carried out, and develop strategies to prevent similar attacks from occurring in the future.

Digital Forensics Market By Tool

• Data Acquisition and Preservation
• Forensic Data Analysis
• Data Recovery
• Forensic Decryption
• Review and Reporting
• Others

According to the digital forensics market forecast, the data recovery segment is expected to witness significant growth in the coming years. This growth is driven by the increasing prevalence of data loss incidents and the need to recover lost or corrupted data. Data recovery is the process of retrieving data that has been lost due to a variety of factors, including hardware failure, human error, and cyber attacks. Digital forensics companies offer data recovery services to help organizations recover data that has been lost due to these incidents. One major factor driving the growth of the data recovery market is the increasing importance of data in business operations. With the growing reliance on digital technologies, data has become a critical asset for organizations, and the loss of data can have serious consequences.

Digital Forensics Market By End User

• BFSI
• Government and Law Enforcement Agencies
• IT and Telecom
• Healthcare
• Retail
• Others

Based on the end user, the government and law enforcement agencies segment is expected to continue its growth trajectory in the coming years. This growth is driven by the increasing need for these organizations to investigate cyber crimes and other digital incidents. Government and law enforcement agencies use digital forensics tools and services to collect, analyze, and preserve digital evidence in order to support criminal investigations and legal proceedings. One major factor driving the growth of the government and law enforcement agencies segment is the increasing prevalence of cyber crimes. As cyber crimes become more sophisticated and widespread, government and law enforcement agencies are increasingly turning to digital forensics tools to help them investigate and prosecute these crimes.

Digital Forensics Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)