Open Text Corporation, PwC and IBM Corporation are expected to dominate the Global Digital Forensics Market in 2021

Global Digital Forensics Market is expected to grow with the CAGR of 11.9% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Global digital forensics market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global digital forensics market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • 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.

Open Text Corporation is the dominating player in global digital forensics market. The other key players existing in the market are Cellebrite, MSAB, Oxygen Forensics, Digital Forensics Corporation, Digital Detective Group Limited, Barracuda Networks, Inc., LogRhythm, Inc., Kroll, LLC, Magnet Forensics, NUIX, CY4OR Legal Limited, Flatworld Solutions Pvt. Ltd., Fire Eye, Inc., Coalfire, Paraben Corporation, iDiscovery Solutions, Inc., PT&C Forensic Consulting Services P.A., Grayshift, LIFARS, Passware, Cado Security, TCS Forensics, PwC, Exterro, Inc., IBM Corporation, ADF Digital Forensics, Binary Intelligence, LLC, KLDiscovery, and Optiv Security Inc. among others.

Digital Forensics Market Open Text Corporation

Open Text Corporation was founded in the year 1991 and is headquartered in Ontario, Canada. The company provides information management software solutions and services to power digital businesses of all sizes. The company has several product categories including information management, product & solution suites, opentext cloud, partners & alliances, developers, cloud editions (CE), security in which security is the market focused category.

For instance,

  • In October 2020, Open Text Corporation announced that OpenText EnCase Forensic and OpenText EnCase Endpoint Investigator are now certified on Microsoft Azure. This enabled easy collaboration of law enforcement and corporate investigators which enhanced evidence processing and investigation in cloud platforms. This helped them to adjust more quickly towards the needs of a remote workforce during COVID-19 pandemic.

The company has wide presence across Americas, Europe, Asia-Pacific, and Middle East and Africa. The company also has subsidiaries such as Hummingbird Australia Pty Limited (Australia), Hummingbird Canada Ltd. (Canada), Hummingbird France SAS (France), Open Text GmbH (Germany), and Open Text UK Ltd. (U.K.) among others.

PwC

PwC was founded in the year 1991 and is headquartered in London, U.K. The company is a leading professional service provider in the world. The company operates in business segments such as assurance, advisory, tax & legal services in which all are market focused segments. The company has service categories which are alliances and ecosystems, audit and assurance services, consulting, deals, entrepreneurial and private business, family business, forensics, crisis management, legal, people and organisation, strategy & sustainability and climate change, tax in which forensics is the market focused category.

For instance,

  • In January 2020, PwC had announced a launch of “BRYTER”-a new technology. The key feature of this new technology is its automation technology which can be used to build professional applications for digital forensics services.

The company has wide presence across North America, Europe, South America, Asia-Pacific, and Middle East and Africa. The company also has subsidiaries such as Pricewaterhouse Coopers Private limited (India), Pricewaterhouse Coopers LLP (Canada), PwC (U.A.E.), and Pricewaterhouse Coopers Hong Kong (China) among others.

IBM Corporation

IBM Corporation was founded in the year 1911 and is headquartered in New York, U.S. The company deals in providing digital forensic solutions and services for consumers. The company operates in business segments such as cloud & cognitive software, global business services, global technology services, systems and global financing in which cloud & cognitive software is the market focused segment. The company has product categories which are analytics, block chain, business operations, cloud computing, consulting services, cybersecurity, IT infrastructure, supply chain in which cybersecurity is the market focused category.

For instance,

  • In June 2020, IBM Corporation acquired Spanugo. The key feature of this acquisition was its strengthen IBMs cybersecurity capabilities, which further allows company to strengthen its digital forensic capabilities and expand its market across globe.

The company has wide presence across Asia-Pacific, Europe, Middle East and Africa, South America, and North America. The company also has subsidiaries such as Kyndryl (U.S.), Red Hat Software, (U.S.), IBM India Private Limited, (India), Aspera (U.S.), and Fiberlink Communications Corp. (U.S.) among others.