North America Digital Forensics Market, By Component (Hardware, Software and Tools, Services), Type (Computer Forensics, Mobile Device Forensics, Network Forensics, Database Forensics, Malware Forensics, Email Forensics, Automotive Forensics, Drone Forensics, Others), Application (Fraud Investigations, Intellectual Property Theft, Industrial Espionage, Forgery-Related Matters, Bankruptcy Investigations, Issues Concern with the Regulatory Compliance, Employment Disputes, Inappropriate Use of the Internet and Email in the Workplace), Industry (Government and Defense, Banking, Financial Services, and Insurance, Telecom and IT, Retail, Transportation and Logistics, Law Firms, Healthcare, Media and Entertainment, Others), Mode of Purchase (Group Purchase, Individual), Touch Distribution Channel (Third Party Distributor, Retail Sales, Online Sales, Others), Country (U.S., Canada and Mexico) - Industry Trends and Forecast to 2030.
North America Digital Forensics Market Analysis and Size
The major factors driving the growth of the digital forensics market are stringent laws by governments for data protection and against cybercrimes and a surge in online platforms for payments and bank transactions. The surge in the adoption of cryptocurrencies is likely to open up opportunities for the digital forensics market is, creating opportunities for the growth of the market. The rise of anti-forensics techniques is acting as the major restraint for the digital forensics market. The corporate network gets exposed to inherent threats caused by the BYOD adoption is acting as a major challenge for the growth of the market.
This North America digital forensics market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
North America digital forensics market was valued at USD 1.80 billion in 2021 and is expected to reach USD 5.69 billion by 2029, registering a CAGR of 12.1% during the forecast period of 2023-2030. Hardware segment is expected to dominate the market as hardware tools play an important role in any digital investigations and are required for various purposes, such as storing and collecting data. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
North America Digital Forensics Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software and Tools, Services), Type (Computer Forensics, Mobile Device Forensics, Network Forensics, Database Forensics, Malware Forensics, Email Forensics, Automotive Forensics, Drone Forensics, Others), Application (Fraud Investigations, Intellectual Property Theft, Industrial Espionage, Forgery-Related Matters, Bankruptcy Investigations, Issues Concern with the Regulatory Compliance, Employment Disputes, Inappropriate Use of the Internet and Email in the Workplace), Industry (Government and Defense, Banking, Financial Services, and Insurance, Telecom and IT, Retail, Transportation and Logistics, Law Firms, Healthcare, Media and Entertainment, Others), Mode of Purchase (Group Purchase, Individual), Touch Distribution Channel (Third Party Distributor, Retail Sales, Online Sales, Others)
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Countries Covered
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U.S., Canada and Mexico in North America
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Market Players Covered
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Cellebrite (Israel), MSAB (Sweden), Oxygen Forensics (U.S.), Digital Forensics Corporation (U.S.), Digital Detective Group Limited (United Kingdom), Barracuda Networks, Inc. (U.S.), Open Text Corporation (Canada), LogRhythm, Inc. (U.S.), Kroll, LLC (U.S.), Magnet Forensics (Canada), NUIX (Australia), Flatworld Solutions Pvt. Ltd. (India), Fire Eye, Inc. (U.S.), Coalfire (U.S.), Paraben Corporation (U.S.), iDiscovery Solutions, Inc. (U.S.), PT&C Forensic Consulting Services P.A. (U.S.), Grayshift (U.S.), LIFARS (U.S.), Passware (U.S.), TCS Forensics (Canada), PwC (United Kingdom), Exterro, Inc. (U.S.), IBM Corporation (U.S.), ADF Digital Forensics (U.S.), Binary Intelligence, LLC (U.S.), KLDiscovery (U.S.), Optiv Security Inc. (U.S.)
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Market Opportunities
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Market Definition
Digital forensics is a branch of forensic science focusing on identifying, acquiring, processing, analyzing, and reporting data stored electronically. Electronic evidence is a component of almost all criminal activities, and digital forensics support is crucial for law enforcement investigations. Digital forensics involves collecting electronic evidence from various sources, such as computers, smartphones, remote storage, unmanned aerial systems, and shipborne equipment. The methodology generally followed includes extracting data from the electronic evidence, processing it into actionable intelligence, and presenting the prosecution findings.
North America Digital Forensics Market Dynamics
Drivers
- Use of modern technologies in digital forensics products
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and other digital forensics products is one of the major factors driving the growth of the digital forensics market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
- Increasing cybercrime rates
The rising instances of cyberattacks and digital crimes drive the demand for digital forensics solutions and services in North America. Organizations and law enforcement agencies are investing in advanced digital forensics technologies to investigate and prevent cybercrimes effectively.
- Stringent regulations and compliance requirements
The implementation of strict regulations and compliance standards related to data privacy and security, such as the General Data Protection Regulation(GDPR) and the California Consumer Privacy Act (CCPA), is fueling the demand for digital forensics solutions in North America. Organizations must ensure compliance with these regulations, leading to increased adoption of digital forensics tools and services.
Opportunities
- Increasing adoption of cloud-based digital forensics solutions
The growing adoption of cloud computing and the increasing use of digital devices and applications are generating a massive amount of digital data. This presents an opportunity for digital forensics vendors to offer cloud-based solutions that can efficiently handle and analyze this data for investigative purposes.
Restraints/Challenges
- High cost of advanced digital forensics tools
The cost associated with acquiring and implementing advanced digital forensics technologies can be a significant restraint for organizations, particularly small and medium-sized enterprises (SMEs). The high initial investment and ongoing maintenance costs may limit the adoption of digital forensics solutions, especially among budget-constrained organizations.
This North America digital forensics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the digital forensics market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In March 2020, Open Text Corporation acquired XMedius (Canada), a provider of secure information exchange and unified communication solutions. This has enabled the company to bring patented technologies to transform secure and collaborative communication and enabled organizations to move more workloads to the cloud and unlock the information advantage. This has strengthened the company’s leadership in secure information exchange, unified communications and digital fax
- In September 2020, FireEye, Inc. collaborated with the Texas Department of Information Resources (DIR). The collaboration aims at offering cyber security defense to Texas public sector agencies. This came amidst the increasing cyber-attacks on state and local municipalities. Ransomware attacks on such high-availability organizations leave a destructive impact. This has enhanced the company’s presence among the state departments in the U.S.
North America Digital Forensics Market Scope
Digital forensics market is segmented on the basis of component, type, application, industry, mode of purchase and touch distribution channel. The growth amongst these segments will help you analyse meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software and Tools
- Services
Type
- Computer Forensics
- Mobile Device Forensics
- Network Forensics
- Database Forensics
- Malware Forensics
- Email Forensics
- Automotive Forensics
- Drone Forensics
- Others
Application
- Fraud Investigations
- Intellectual Property Theft
- Industrial Espionage
- Forgery-Related Matters
- Bankruptcy Investigations
- Issues Concerning Regulatory Compliance
- Employment Disputes
- Inappropriate Use of the Internet
- Email in the Workplace
Industry
- Government and Defense
- Banking, Financial Services, and Insurance
- Telecom and IT
- Retail
- Transportation and Logistics
- Law Firms
- Healthcare
- Media and Entertainment
- Others
North America Digital Forensics Market Regional Analysis/Insights
The North America digital forensics market is analysed and market size insights and trends are provided by country, component, type, application, industry, and mode as referenced above.
The countries covered in the North America digital forensics market report are U.S., Canada, and Mexico in North America.
U.S. is expected to dominate the digital forensics market due to the technological development in the IoT field, particularly for offices. Furthermore, the increase in the demand for security and safety system will further boost the growth of the forensics market in the country during the forecast period.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Europe brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Digital Forensics Market Share Analysis
The North America digital forensics market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the North America digital forensics market.
Some of the major players operating in the North America digital forensics market are:
- Cellebrite (Israel)
- MSAB (Sweden)
- Oxygen Forensics (U.S.)
- Digital Forensics Corporation (U.S.)
- Digital Detective Group Limited (United Kingdom)
- Barracuda Networks, Inc. (U.S.)
- Open Text Corporation (Canada)
- LogRhythm, Inc. (U.S.)
- Kroll, LLC (U.S.)
- Magnet Forensics (Canada)
- NUIX (Australia)
- Flatworld Solutions Pvt. Ltd. (India)
- Fire Eye, Inc. (U.S.)
- Coalfire (U.S.)
- Paraben Corporation (U.S.)
- iDiscovery Solutions, Inc. (U.S.)
- PT&C Forensic Consulting Services P.A. (U.S.)
- Grayshift (U.S.)
- LIFARS (U.S.)
- Passware (U.S.)
- TCS Forensics (Canada)
- PwC (United Kingdom)
- Exterro, Inc. (U.S.)
- IBM Corporation (U.S.)
- ADF Digital Forensics (U.S.)
- Binary Intelligence, LLC (U.S.)
- KLDiscovery (U.S.)
- Optiv Security Inc. (U.S.)
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