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 2028.
Market Analysis and Insights: North America Digital Forensics Market
The North America 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 12.1% in the forecast period of 2021 to 2028 and expected to reach USD 3,474,637.73 thousand by 2028.
Digital forensics refers to a branch of forensic science that focuses on identifying, acquiring, processing, analysing, 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 extraction of data from the electronic evidence, processing it into actionable intelligence, and presenting the prosecution findings.
The major factors driving the growth of the digital forensics market are stringent laws by governments for data protection and against cyber crimes and surge in online platforms for payments and bank transactions. Surge in the adoption of crypto currencies is likely to open up opportunities for the digital forensics market is creating opportunities for the growth of the market. Rise of anti-forensics techniques is acting as the major restraint for digital forensics market. 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 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, 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 Scope and Market Size
The North America digital forensics market is segmented on the basis of are component, type, application, industry, mode of purchase and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the North America digital forensics market is segmented into hardware, software and tools and services. In 2021, the hardware segment is expected to dominate the market as hardware tools play important role in any of digital investigations and are required for various purposes such as storing and collecting of data.
- On the basis of type, the North America 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, the computer forensics segment is expected to dominate the market as computers contain high amount of data in any organization that can be used to track down any digital crime.
- On the basis of application, the North America digital forensics market is segmented into intellectual property theft, industrial espionage, employment disputes, fraud investigations, inappropriate use of the internet and email in the workplace, forgery-related matters, bankruptcy investigations, issues concern with the regulatory compliance and others. In 2021, fraud investigations segment is expected to dominate the market as there has been a rapid increase in fraud activities and several investigations are being conducted for it.
- On the basis of industry, the North America digital forensics market is segmented into government and defence, banking, financial services, and insurance, telecom and IT, retail, transportation and logistics, healthcare, media and entertainment, law firms and others. In 2021, the government and defense segment is expected to dominate the market as various laws are being implemented by the government to reduce the cybercrime which has increased the incorporation of digital forensics solution.
- On the basis of mode of purchase, the North America digital forensics market is segmented into group purchase and individual. In 2021, the group purchase segment is expected to dominate the market as digital forensics involves several steps such as seizing, collecting, retrieving, analysing, and storage of data. For these purposes, various hardware and software tools are needed to be incorporated, and thus group purchase of these tools is more prevalent.
- On the basis of distribution channel, the North America digital forensics market is segmented into third party distributor, retail sales, online sales and others. In 2021, the third party distributor segment is expected to dominate the market as third party distributors have a wider presence in the market, which provides a better experience to the customer at a reasonable cost.
North America Digital Forensics Market Country Level Analysis
The North America digital forensics market is analysed and market size information is provided by the country, component, type, application, industry, mode of purchase and touch distribution channel.
The countries covered in North America digital forensics market report are the U.S., Canada and Mexico.
The U.S. accounted for maximum share in the North America digital forensics market owing to factors such as presence of large number of companies providing digital forensics solution. Canada accounts for second largest market as the region has witnessed increasing compliance regulations that need to be monitored during third party contracts. Mexico is ranked third as the region has witnessed high number of cyber-attacks that can hamper the confidentiality between the two companies.
The country section of the North America digital forensics market 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 analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America 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.
Increasing adoption of digital forensics is expected to create an opportunity for the market
North America digital forensics market also provides you with detailed market analysis for every country growth in installed base of different kind of products for North America digital forensics market, impact of technology using life line curves and changes in requirement of abrasives products, regulatory scenarios and their impact on the digital forensics market. The data is available for historic period 2011 to 2019.
Competitive Landscape and North America Digital forensics Market Share Analysis
North America 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, North America presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, 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 North America digital forensics market.
Some of the major players operating in the report are digital forensics market are Cellebrite, MSAB, Oxygen Forensics, Digital Forensics Corporation, Digital Detective Group Limited, Barracuda Networks, Inc., Open Text Corporation, LogRhythm, Inc., Kroll, LLC, Magnet Forensics, NUIX, Flatworld Solutions Pvt. Ltd., Fire Eye, Inc., Coalfire, Paraben Corporation, iDiscovery Solutions, Inc., PT&C Forensic Consulting Services P.A., Grayshift, LIFARS, Passware, TCS Forensics, PwC, Exterro, Inc, IBM Corporation, ADF Digital Forensics, Binary Intelligence, LLC, KLDiscovery, and Optiv Security Inc. among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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.
- In September 2020, FireEye, Inc. collaborated with 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.
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 market through expanded product range.
Customization Available: North America Digital Forensics Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.
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