1.2 Acronyms and Assumptions
North American Market Statistics
By the end of 2037, digital forensics market size for North America region is likely to reach USD 24.49 Billion up from a revenue of USD 4.36 billion in the year 2024. The main element to dominate the market revenue in this region is the growing use of the internet. The number of consumers of the internet in North America was estimated to rise between 2024 and 2029 by about 50 million users.
The US market for digital forensics is projected to generate the highest market revenue of USD 22.18 billion by the end of 2037. This could be due to rising awareness regarding cybercrime among people.
The digital forensics market in Canada is also estimated to rise at a significant revenue. The main factor in encouraging market expansion in this country is the growing investment made by the government to enhance the security system.
APAC Market Analysis
Through 2037, Asia Pacific digital forensics market is expected to exhibit growth of over 16.45%. This growth of the market is set to be encouraged by growing government spending on digitalization along with the growing urban population. As per the estimation made by ESCAP, the population in the urban region of Asia Pacific is set to rise from 2.53 billion in 2023 to 3.5 billion in 2050. Cities around this region are deploying digital technologies to enhance the delivery of services, streamline decision-making and administration, and advance the safety and engagement of citizens through e-platforms. Consequently, the demand for digital forensics market is set to rise in this region.
The China market for digital forensics is estimated to generate the highest market revenue of USD 6.09 billion between the years 2025 to 2037. This growth is poised to be dominated by a growing generation of data.
The digital forensics market in India is also estimated to grow at the highest CAGR of 18.04% over the coming years. The major factor driving the market growth in this area is rising digitalization in industries such as healthcare, government, and finance.
The South Korea market for digital forensics is also predicted to have notable growth during the coming years due to the increasing ransomware attacks.
Author Credits: Abhishek Verma
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