The global digital forensics market is expected to grow to $18.2 billion by 2028
From GlobeNewswire: 2025-03-17 09:30:00
The global Digital Forensics Market is expected to grow from USD 9.9 billion in 2023 to USD 18.2 billion by 2028, with a CAGR of 12.9%. The increase in cybercrimes has propelled the importance of digital forensics in law enforcement and security, especially with the rise of IoT and BYOD culture.
Digital forensics has become essential for identifying and prosecuting wrongdoers, elucidating criminal intent, and resolving civil disputes. The market is driven by the need to monitor remote devices, the penetration of IoT, and the demand for data security solutions. However, challenges include a lack of skilled professionals and high costs of tools and services.
Key companies in the Digital Forensics Market include IBM, Cisco, Cellebrite, OpenText, Nuix, and more. The market dynamics include drivers like the rise in cybercrimes, restraints such as lack of skilled professionals, and opportunities in highly regulated industries, cloud computing, and cryptocurrency.
Mobile Device Forensics holds the largest market share within digital forensics due to the vast amount of potential evidence stored in smartphones and tablets. The surge in cloud computing applications has created opportunities for expanding digital forensics, driven by the rise in cloud-based crimes and stringent compliance requirements.
AI and ML have transformed digital forensics by automating data collection, analysis, and reporting tasks. This automation improves cyber threat detection and enables investigators to uncover crucial evidence efficiently. The services segment accounts for the highest CAGR in the digital forensics market, offering cost savings, expertise, scalability, and compliance support.
IoT forensics and Blockchain forensics are emerging trends in digital forensics, focusing on analyzing digital evidence from IoT devices and investigating illicit activities within blockchain technology. These trends highlight the need for forensic professionals to stay updated with evolving technologies for effective use in investigations and law enforcement.
Read more at GlobeNewswire: The Rise of Digital Forensics Market: A $ 18.2 billion