Market Size of Global Digital Forensic Laboratory as a Service Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 10.00 % |
Fastest Growing Market | North America |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Digital Forensic Laboratory as a Service Market Analysis
The digital forensic laboratory as a service market is expected to grow with a CAGR of over 10% during the forecast period.
- The growing use of Internet of Things (IoT) devices coupled with factors such as stringent government regulations and rising cyber-attacks on various companies are expected to drive the demand for digital forensics services during the forecast period.
- Digital forensics laboratory provides on and offsite data gathering, storage, processing, and analysis solutions and services supporting litigation, investigation, cybersecurity, and intelligence community requirements.
- The growing adoption of digital forensics is due to the advancements in the traditional crime lab infrastructure, increasing penetration in corporate sectors, and the rise in cyber-attacks and crimes. For instance, according to the Internet Crime Complaint Center (ICC) and Federal Bureau of Investigation (FBI), in 2020, 43,300 cases of online identity theft were reported to the IC3. Phishing and similar fraud ranked first, with 241,342 complaints.
- Additionally, digital forensic laboratories provide numerous services such as mobile technology, intellectual property theft, authentication of files, IT control and audit, tracing mail, and others. The increase in cloud computing applications providing access to files and other data from anywhere has made work collaboration for different teams from different locations simpler for companies. Therefore, if more devices are connected to an enterprise, more sources would be available for hackers to intrude into the enterprise networks. Thus, the growing demand for advanced forensic services against cyber-attacks drives the market growth.
Digital Forensic Laboratory as a Service Industry Segmentation
A digital forensic laboratory is mainly used to identify, seize, gather, and analyze all electronic devices related to all cyber offenses reported so as to collect digital evidence which is presented in a court of law for prosecution purposes.
Digital forensic laboratory as a service market is segmented based on type, end-user, and geography. By type, the market is classified into mobile forensics, computer forensics, and network forensics. By end user, the market is segmented into government and law enforcement agencies, BFSI, IT, and telecom. The market sizing and forecasts have been provided in value (USD Million).
Type | |
Mobile Forensics | |
Computer Forensics | |
Network Forensics |
End User | |
Government and Law Enforcement Agencies | |
Banking, Financial Services, and Insurance (BFSI) | |
Information Technology | |
Telecom |
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Global Digital Forensic Laboratory as a Service Market Size Summary
The digital forensic laboratory as a service market is poised for significant growth, driven by the increasing prevalence of Internet of Things (IoT) devices, stringent government regulations, and a surge in cyber-attacks. This market offers comprehensive solutions for data gathering, storage, processing, and analysis, supporting various sectors such as litigation, investigation, cybersecurity, and intelligence. The adoption of digital forensics is bolstered by advancements in traditional crime lab infrastructure and its expanding presence in corporate sectors. The rise in cyber-crimes, including online identity theft and phishing, has further fueled the demand for these services. Digital forensic laboratories provide a wide array of services, including mobile technology investigations, intellectual property theft prevention, and IT audits, which are essential in safeguarding enterprises against cyber threats.
North America is anticipated to dominate the market, attributed to the increasing number of cyber-attacks and stringent regulations against cybercrimes. The region's growth is supported by government initiatives, such as the establishment of dedicated cyber protection teams. Technological advancements in forensic services, like the launch of the 'E3 Forensic Platform' by Paraben Corporation, enhance the capability to investigate digital data from various sources. The market is moderately consolidated, with key players like CACI International Inc, SalvationDATA, and others continuously innovating to meet the technology-driven demands. The establishment of facilities like the National Cyber Forensic Laboratory in India underscores the global emphasis on enhancing cybercrime investigation capabilities, further propelling market growth.
Global Digital Forensic Laboratory as a Service Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters 5 Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Mobile Forensics
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2.1.2 Computer Forensics
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2.1.3 Network Forensics
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2.2 End User
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2.2.1 Government and Law Enforcement Agencies
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2.2.2 Banking, Financial Services, and Insurance (BFSI)
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2.2.3 Information Technology
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2.2.4 Telecom
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Rest of Latin America
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2.3.5 Middle East and Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle East and Africa
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Global Digital Forensic Laboratory as a Service Market Size FAQs
What is the current Global Digital Forensic Laboratory as a Service Market size?
The Global Digital Forensic Laboratory as a Service Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Global Digital Forensic Laboratory as a Service Market?
CACI International Inc, SalvationDATA, Ten Intelligence Limited., ESF Labs Limited and J.S. Held LLC are the major companies operating in the Global Digital Forensic Laboratory as a Service Market.