What is Digital forensics software Market?
Digital forensics is the branch of forensic science which investigates the data found in devices. It helps in preservation, identification, extraction, and documentation of computer evidence. This evidence can be used by court when needed. There are different tools which helps the process of preservation simple. In addition, digital forensics is used for identifying source, attribute evidence to suspect, confirm statement or determine intent. Moreover, digital forensics software is used by various industries such as government and defense, Banking, Telecom and IT, transportation and many more.
The market study is being classified and major geographies with country level break-up.
CISCO (United States), Digital Detective (United Kingdom), Oxygen Forensics (United States), Micro Systemation (Sweden), OpenText (Canada), LogRhythm (United States), Paraben (United States), AccessData (United States), Magnet Forensics (Canada), Coalfire (United States) and are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Cellebrite (Israel) and FireEye (United States).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital forensics software market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Digital forensics software market by Type, Application and Region.
On the basis of geography, the market of Digital forensics software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Focus of Organizations towards Privacy, and Security
- Increasing Cyber-Attacks and Cyber Crimes
Market Trend
- Adoption of Card Based Payments is leading to Increased Demand of Digital Forensics
Restraints
- High Costs Associated with the Installation of Digital Forensics Software
Opportunities
- Rising Penetration of Connected Device
- Growing Demand of Internet of Things is Boosting the Market Growth
Challenges
- Adoption of Digital Forensics in Limited Economies
Market Leaders and some development strategies
On 6th April 2020, Cisco has acquired Fluidmesh networks which develops wireless solutions for industrial applications and focuses on vehicle connectivity, and automation. and On 16th December 2019, Cisco has acquired Exablaze which specializes in lowest latency networking software and firmware products.
Key Target Audience
Digital forensics software providers, Government associations, Research organizations, Enterprise software vendors and Others