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1.2 Acronyms and Assumptions
Type (Computer Forensics, Network Forensics, Mobile Device Forensics, Cloud Forensics, Others)
In digital forensics market, computer forensics segment is likely to cross USD 17.72 Billion by the end of 2037. This is highest as compared to revenue gathered in the year 2024 of USD 3.17 billion This growth of the segment is set to be encouraged by growing internet crime. In 2021, according to the Federal Bureau of Investigation, IC3 registered over 847,376 complaints in the case of the US.
Moreover, computer forensics has gained importance as a national security tool to eradicate cybercrimes that continue affecting nations. Governments or law enforcement agencies including the FBI presently utilize computer forensics procedures to expose evidence and tighten security vulnerabilities.
Additionally, the use of computer forensics by investigators can be also used in civil litigation cases, such as employment disputes or divorces. For instance, in a divorce case, a legal team of spouses may utilize computer forensics on smartphones to disclose a partner's extramarital relations and obtain a more favorable ruling.
Deployment Mode (Cloud, On-Premises)
The cloud segment in digital forensics market is estimated to gather the notable revenue during the forecast period. Cloud solutions terminate the demand for costly on-premise software and hardware, limiting IT spending for companies.
Moreover, cloud storage permits authorized workforce to safely access digital evidence with an internet connection from across the globe further allowing remote work and collaboration to operate much easier. Hence, with the growing remote work and collaboration, the segment is expanding. The number of employees working remotely across the globe has risen significantly in current years, growing from over 29 percent in 2020 to above 27 percent by 2023.
Furthermore, cloud-based digital forensics solutions provide advanced features specifically customized to legal professionals, including tools for eDiscovery, reporting, and case management.
Component (Software, Hardware, Services)
By the end of 2037, software segment in the digital forensics market is expected to reach USD 28.47 Billion. Digital forensics software robotizes various difficult tasks related to analysis, data collection, and reporting. This allows investigators to pay attention to more component aspects of a case, initiating a boost in investigations and enhanced efficiency.
Our in-depth analysis of the global market includes the following segments:
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Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
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