Asia-Pacific 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), Distribution Channel (Third Party Distributor, Retail Sales, Online Sales, Others), Country (China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Asia-Pacific Digital Forensics Market
Asia-Pacific digital forensics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 12.7% in the forecast period of 2021 to 2028 and is expected to reach USD 2,759,567.35 thousand by 2028.
Digital forensics actually deals with data collection, preservation and analysis, and report formation. It studies all the digital devices that have been involved in any kind of cyber-crimes and discovers proof such that those are admissible in the court of law. The increase in sophisticated cyber-attacks, man in the middle attacks are all increasing the need for digital forensics. Various types of digital forensics involve Cloud Forensics, Computer Forensics, Mobile Device Forensics, and Network Forensics. This market has witnessed growth due to reasons such as data theft and need for protection. The digital forensics department scrutinizes details from encrypted data or even steganographic media such as images to find out hidden information of code that might have been transmitted. It provides protection of data in the form of prevention of data corruption, handling of confidential data, preserving integrity of the data, and following guidelines and rules of the cyberspace.
The increased number of IoT devices in the recent years for business automation has made the network vulnerable to cyber-attacks and this acts as a major factor for the growth of the market. Increasing need for counter measures against cyber-attacks and fraudulent activities has boosted the growth of the market. However, continuously changing mobile phone technology can render the digital forensic applications useless and can act as a major restraint for the growth of the market. Asia-Pacific region has witnessed investments in industry 4.0 this encircles the incorporation of cyber tools for securing the cyber space, this opens up opportunities in the market. Increasing need for securing the cyber space vulnerabilities caused by BYOD adoption can act as a major challenge for the growth of the market.
This digital forensics market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic 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.
Asia-Pacific Digital Forensics Market Scope and Market Size
Asia-Pacific digital forensics market is segmented into six notable segments based on component, type, application, industry, mode of purchase and distribution channel.
- On the basis of component, the Asia-Pacific digital forensics market is segmented into hardware, software and tools and services. In 2021, hardware segment is dominating the market as there are continuous developments in sophisticated hardware for data preservation and collection after a cyber incident.
- On the basis of type, the Asia-Pacific digital forensics market is segmented into computer forensics, network forensics, mobile device forensics, database forensics, email forensics, malware forensics, drone forensics, automotive forensics and others. In 2021, computer forensics segment in dominating the market as computers are widely used in many industries and are interconnected through a cyber network. Moreover, computers are often used by cyber criminals for planning and executing attacks.
- On the basis of application, the Asia Pacific digital forensics market is segmented into intellectual property theft, industrial espionage, employment dispute, fraud investigations, inappropriate use of the internet and email in the workplace, forgery related matters, bankruptcy investigations and issues concerned with the regulatory compliance. In 2021, fraud investigations segment dominates the market as owing to digitalisation there are new opportunities for cyber criminals. Moreover, the increasing adoption of digital payments is further resulting into cyber criminals coming up with fraud schemes.
- On the basis of industry, the Asia Pacific digital forensics market is segmented into government and defence, banking, financial services and insurance, telecom and it, retail, transportation, logistics, healthcare, media and entertainment, law firms and others. In 2021, government and defence segment dominates the market as the law enforcement agencies are increasingly adopting technologically swift means to counter the increasing crime activities on internet.
- On the basis of mode of purchase, the Asia Pacific digital forensics market is segmented into group purchase and individual. In 2021, the group purchase segment dominates the market as corporates and enterprises are incorporating collective tools via group purchase for cyber security and counter measures to increase the response time after a cyber incident.
- On the basis of distribution channel, the Asia Pacific digital forensics market is segmented into third party distributor, retail sales, online sales and others. In 2021, third party distributor segment dominates the market as third party distributors are well connected and in a better position to provide services and cater to needs of organizations.
Asia-Pacific Digital Forensics Market Country Level Analysis
Asia-Pacific digital forensics market is analysed and market size information is provided by country, component, type, application, industry, mode of purchase and distribution channel.
The countries covered in Asia-Pacific digital forensics market report are China, Japan, India, South Korea, Australia, Indonesia, Singapore, Thailand, Malaysia, Philippines and rest of Asia-Pacific.
China is dominating the market in Asia-Pacific region due to awareness for countering the surge in cyber-crime incidents and protecting the cyber space.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Digital Forensics
Asia-Pacific digital forensics market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in digital forensics and changes in regulatory scenarios with their support for the digital forensics market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Asia-Pacific Digital Forensics Market Share Analysis
Asia-Pacific digital forensics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific digital forensics market.
The major players covered in the report are Open Text Corporation, PwC, IBM Corporation, Fire Eye, Inc., Cellebrite, Barracuda Networks, Inc., Exterro, Inc, KLDiscovery, Flatworld Solutions Pvt. Ltd., Kroll, LLC, LogRhythm, Inc., Magnet Forensics, MSAB, NUIX, Oxygen Forensics, and PT&C Forensic Consulting Services P.A. among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of Asia-Pacific digital forensics market.
For instance,
- In May 2021, Magnet Forensics announced the modernization of digital investigation by leveraging Microsoft Azure. This move aimed at making collaboration among investigators easy by evolution to a cloud-based future. Accordingly the company worked along with Microsoft to incorporate Azure platform offerings into the Magnet Digital Investigation Suite. This enabled powerful analytics and scalability into the platform.
- In April 2021, Oxygen Forensics launched a latest version to their all-in-one forensic solution, Oxygen Forensic Detective. The new product enabled the user acquisition from new devices, access to more secure data and improve the rate and functionality of deleted record recovery. This enabled the company to expand their portfolio by adding full file-system extraction capabilities for Samsung Exynos devices running Android OS v.9 and 10.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for digital forensics through expanded range of size.
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