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Digital Forensics Market Trends

Report ID: GMI7367
Published Date: Nov 2023
Report Format: PDF

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Digital Forensics Market Trends

Mobile device analysis platforms are fueling lucrative growth in the digital forensics industry by addressing the increasing complexity of mobile-related cybercrimes. These platforms offer comprehensive solutions, enabling forensic experts to extract, analyze & interpret data from diverse 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.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of digital forensics reached USD 8.1 billion in 2022 and is set to witness 11% CAGR from 2023 to 2032, due to the escalating number of cybercrime complaints worldwide.

The government industry vertical registered 25% of the market share in 2022, owing to crucial role in ensuring national security by addressing cyber threats posed by state actors, terrorists, and organized crime groups.

North America held 36% of the market share in 2022, attributed to the rising technological advancements and growing corporate landscape in the region.

Cellebrite, Exterro, IBM Corporation, Magnet Forensics, Microsoft Corporation, MSAB, OpenText, Oxygen Forensics, and Paraben, are some of the major digital forensic companies worldwide.