Global Digital Forensics Market to Hit USD 56.7 Bn by 2035 | CAGR 15.23%

Read more about this report- Global Digital Forensics Market to Hit USD 56.7 Bn by 2035 | CAGR 15.23%

The Digital Forensics Market is valued at USD 11.93 Billion in 2024. The Digital Forensics Market will achieve USD 56.7 Billion by 2035 through a projected 15.23% CAGR from 2025 to 2035.

The growth of cybersecurity threats in various industries is the major driver that causes the demand for digital forensics solutions. Nonetheless, a major bottleneck is seen to be the considerable expense of deployment and the tedious nature of investigation processes. One significant opportunity is presented because over the recent past, there has been increased usage of cloud computing and the emergence of remote work cultures, which demand sophisticated forensics tools to monitor and recover digital intrusions.

The digital forensics market is classified into several segments, namely Component, Type, Deployment Mode, and End-user. The Component segment is categorised in terms of hardware, software, and services, whereas the Type segment is constituted of computer forensics, mobile device forensics, network forensics, and cloud forensics. Due to the growing data breaches in cloud-based systems and the continuous growth in the consumption of SaaS platforms by companies, cloud forensics has become an exceptional issue.

Some of the areas of application include criminal investigations, corporate fraud detection, cyberattack response, data recovery, and incident response. The concept of corporate fraud detection keeps on gaining momentum, and the AI-powered tools and machine learning algorithms enable automating the process of recognising patterns and cutting down the investigation time. The increase in the adoption of digital transactions and the growth of the enterprise information technology base also drive the need for corporate investigations.

There is increased awareness and government-initiated cybersecurity reforms that favour market expansion. As an example, the Cybersecurity and Infrastructure Security Agency (CISA) in the United States facilitated the adoption of digital forensics by providing grants and outlining the strategic instructions to public and privately owned organisations.

The digital forensics market is supported by five geographies, namely North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Digital Personal Data Protection Act in India and the rising rates of cybercrime facilitate the use of forensic labs and usage and training in the country, making the market more accepting and technologically advanced.

In the digital forensics market, major players are AccessData, Cellebrite, Magnet Forensics, OpenText, and FireEye. The activities of these companies influence the industry by developing new forensic tools, growing cloud-based analytics, and acquiring new services, while expanding their presence in other countries.