10.9% CAGR for Digital Forensics Market to Reach US $6945.6 Million by 2025
The global digital forensics market is expected to grow from US$ US$ 3080.5 Mn in 2017 to US$ 6945.6 Mn by 2025 at a CAGR of 10.9% between 2018 and 2025 - New Research by The Insight Partners
Pune, India -- (SBWire) -- 03/15/2019 --According to a new market research study titled 'Digital Forensics Market to 2025 - Global Analysis and Forecasts by Type, Component, and End-User', the global digital forensics market was valued at US$ 3.08 Bn in 2017 and is estimated to reach US$ 6.95 Bn by 2025. The report highlights the trends prevalent in the global digital forensics market and the factors driving the market along with those that act as deterrents to its growth.
This industry is expected to witness a rapid growth and drive the growth of digital forensics market. Players having a good hold over the digital forensics market can look to venture into providing advanced software solutions to businesses from various industry verticals. The key players profiled in the report are ODiscovery, Cyfor, Binary Intelligence, LLC, Magnet Forensics, Inc., and AccessData. Also, FireEye, Inc. , LogRythm, Inc., R3 Digital Forensics, Kroll Associates, Inc., and Global Digital Forensics Inc. are other key companies in the digital forensics market.
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The Digital forensics market segmentation is done on the basis of type, component, and end-user. The type segment of digital forensics market includes end-point forensics, network forensics, cloud forensics and mobile devices. Also, the digital forensics market has been bifurcated on the basis of component into software and services. Lastly, these various software and hardware tools for digital forensics are used across a large number of industry verticals. Thus, the end-user segment also forms the basis of market segmentation in the study. Consecutively, the market for digital forensics on the basis of end-users is segmented into Government, BFSI, Healthcare, Retail, Manufacturing and Communication & Media Services. On the basis of geography, the Digital forensics market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
Europe comprises of highly developed economies and is affecting positively for the machine learning market, as businesses are open to adopting new emerging technologies. This enables them to spend more on the attainment of skilled labors and efficient business processes. Also, as purchasing power of individuals is quite high the competition to provide them with the best product is also very high, which forces the industries to implement effective intelligent strategies. The population growth of Europe is very slow as compared to the other regions in the world. The region has higher death than birth rates, and registers lowest birth ratio in the world. This is due to lower-fertility rates as there are fewer women of child bearing age. Also, the labor available is expensive, which could be a big challenge for Europe in the future. Europe's population is continuously decreasing for instance, it is anticipated that Italy will lose 28 percent of its population by 2050. This will result in decreasing working age population in the region and further increase the demand for labor outsourcing.
The report segments the global digital forensics market as follows:
Global Digital Forensics Market - By Type
- Endpoint Forensics
- Network Forensics
- Cloud Forensics
- Mobile Devices
Global Digital Forensics Market - By Component
- Software
- Services
Global Digital Forensics Market - By End-User
- Government
- BFSI
- Healthcare
- Retail
- Manufacturing
- Communications & Media Services
Global Digital Forensics Market - By Geography
- North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- Spain
- U.K
- Rest of Europe
Asia Pacific (APAC)
- Japan
- China
- India
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
South America (SAM)
- Brazil
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