The global digital forensics market is growing at a CAGR of nearly 13.0% during the forecast period (2021-2027). The market growth is mainly attributed owing to the rising incidences of cyber-attacks. The increasing cases of cyber-attacks on enterprises and organizations, especially in the government and defense sector fuels the demand for digital forensics solutions across the globe. Both government and defense services involve sensitive personal information, budgetary data, and national security information, which makes it highly vulnerable sectors to cybercrimes. Cyber-attacks on these domains can disturb the infrastructure of the whole region.
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Governments have been affected most frequently due to cyber crimes in recent years. One of the largest government data breaches in the Federal government was reported in 2015. Approximately, 18 million records of the employees were affected by a cyber breach at the Office of Personnel Management, as per data provided by the FBI. The attackers targeted personally identifiable information such as social security numbers as well as names, dates, and places of birth, and addresses. The taken data involved 5.6 million sets of fingerprints. Therefore, the US government is highly focused on cyber security solutions.
For instance, in November 2018, the State of North Carolina and Cisco partnered to offer cyber security training to veterans, members of the reserves and the National Guard, and military spouses at no cost. Moreover, it offers companies with substantial prospects for the development of advanced security systems, that further increase their revenues. With the rise in cyber-attacks, organizations continue to spend more on security and digital forensics solutions. These solutions aim to collect, process, preserve, analyze, and show computer-related evidence for counterintelligence, fraud, network vulnerability mitigation, criminal, or law enforcement investigations.
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Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Type
· By End-User
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
