Digital Forensics Market to Grow at a CAGR of 11.3% to 2020 Driven by Emergence of IOT
The digital forensics market is estimated to grow from USD 1,878.2 Million in 2015 to USD 3,206.9 Million in 2020 at a compound annual growth rate (CAGR) of 11.3% from 2015 to 2020 with North America is expected to hold the largest market share.
Pune, India – April 28, 2016 /MarketersMedia/ —
The world is now wholly dependent on digital devices and this space is continuously evolving. Technologies such as cloud and Internet of Things (IoT) are deeply penetrating into the IT space, defining the future of cyber world, making digital information more distributed than ever. This, in turn, is expected to bring huge contribution from various digital forensics vendors to meet the growing demands of compliances. The evolution of digital forensics can be traced back to the 1970s, when the first cases of financial frauds involving computers emerged. During this period, most of the organizations did not understand the significance of policies and procedures relating to cyber security. As a result, after a fraud was identified, data recovery was difficult which led to the loss of data.
Complete report on global digital forensics market spread across 144 pages, profiling 10 companies and supported with 69 tables and 51 figures is now available at http://www.rnrmarketresearch.com/digital-forensics-market-by-component-hardware-software-and-service-sub-segment-computer-forensics-network-forensics-mobile-device-forensics-and-cloud-forensics-tool-types-service-vertical-and-region-global-forecast-to-2020-market-report.html .
The digital forensics market is estimated to grow from USD 1,878.2 Million in 2015 to USD 3,206.9 Million in 2020. This represents a Compound Annual Growth Rate (CAGR) of 11.3% from 2015 to 2020. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while emerging economies such as APAC and Europe are expected to experience increased market traction with high CAGRs in the digital forensics market.
The major forces driving this market are the emergence of IOT and increasing regulatory compliance. As the growing acceptance of IoT across the industries has found applications in critical national security infrastructure, the demand for digital forensics solutions has increased. For instance, modern flood defense systems in the U.K. use ocean sensors and satellites that collect information and communicate with each other to offer prompt, automated early warnings and responses. Furthermore, the rise in sophistication of digital crimes has boosted the market opportunities for the companies providing digital forensics solutions.
The global reach of Internet, network forensics has become an integral part of computer forensics. The companies that provide network forensic solutions and services include Access Data, eTrust, Net Replay, and Fluke Corporation. The Silent Runner Sentinel solution developed by Access Data enables to monitor capture, and analyze network traffic. With this solution, the users can effectively determine the scope and scale of security breach. The companies that provide network forensic solutions and services include Access Data, eTrust, Net Replay, and Fluke Corporation.
Ask for a discount before order a copy of Digital Forensics Market by Component (Hardware, Software, and Service), Sub-Segment (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool Types, Service, Vertical and Region – Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=396935 .
The digital forensics market report also analyzes the market drivers, restraints, and opportunities along with a study on top key players and their competitive outlook. The report provides key insights into the current trends and best practices in the digital forensics market.
The digital forensics market report brings out the market potential across various regions such as North America, APAC, Latin America, MEA, and Europe. The digital forensics market is segmented into each regional market by component, sub-segment, tool, service, and vertical.
On a related note, another research on Advanced Persistent Threat Protection Market Global Forecast to 2020 says, the advanced persistent threat protection market size to grow from USD 3.9 billion in 2015 to USD 8.7 billion by 2020, at an estimated CAGR of 17.0% from 2015 to 2020.The government and defense sectoris expected to account for the largest market share throughout the forecast period. This report segments the advanced persistent threat protection market into solution, service, deployment, organization size, vertical, and region, covering the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub segments. Companies like Symantec, Trend Micro, Inc., Fireeye, Inc., Fortinet, Inc., Intel Security, Palo Alto Networks, Blue Coat Systems, Webroot, Inc., Dell Secureworks and Websense, Inc. have been profiled in this 143 pages research report at http://www.rnrmarketresearch.com/advanced-persistent-threat-protection-market-by-solution-sandboxing-endpoint-protection-forensic-analysis-siem-ids-ips-next-generation-firewall-by-service-by-deployment-by-organization-size-by-vertical-by-region-global-foreca-market-report.html .
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