Europe Digital Forensics Market Size (2024 - 2029)

The European digital forensics market is experiencing significant growth, driven by the increasing prevalence of digital devices and the evolving nature of cyber threats. As digital forensics expands beyond traditional computer crimes to encompass a broader range of incidents, the market's scope is continually shifting. The rise of mobile devices, cloud computing, and IoT technologies is further influencing the market's dynamics, as businesses adapt to digital transformations and remote working solutions. This evolution necessitates enhanced cybersecurity measures, prompting organizations to engage forensic specialists to safeguard their networks and data. The market's expansion is also fueled by heightened cybersecurity precautions in response to emerging threats, particularly during the COVID-19 pandemic.

Market Size of Europe Digital Forensics Industry

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Europe Digital Forensics Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 10.90 %
Market Concentration Medium

Major Players

Europe Digital Forensics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Digital Forensics Market Analysis

The European digital forensics market is expected to register a CAGR of 10.9% over the forecast period, 2023-2028. Digital forensics has developed from investigating minor computer crimes to investigating incidents that have a significant impact. The digital forensics technique involves recovering and looking at information discovered in digital devices, frequently about computer crime. There are numerous uses for digital forensic investigations. Digital devices are quickly taking over Europe, and the market is always changing.

  • Other types of digital forensics, like those involving mobile phones and other handheld devices, are quickly gaining popularity for digital curation and preservation, even though the majority of forensics have been focused on desktops, laptops, and the associated media, such as the hard drive, floppy disc, and optical discs. The smartphone market has also been gradually expanding in terms of suppliers, models, and market size. Additionally, technologies like IoT and cloud are deeply influencing the IT industry and shaping the direction of the online world.
  • The popularity of the cloud has increased as businesses in the region undergo a digital transformation, pushing BYOD policies to the fore in several sectors. The growth of cloud computing solutions that enable access to files and other data from anywhere has facilitated easier collaboration amongst teams in various places. As a result, a company has many linked devices, which increases the opportunities for intrusion by hackers.
  • Forensic specialists work to improve corporate security by frequently advising CEOs on system upgrades and educating staff members on cybersecurity issues. Since data breaches can lead to financial or information theft, harming a company's finances and reputation, businesses hire forensic experts for security.
  • Moreover, the demand for remote working solutions increased due to businesses switching from traditional workplace practices to working from home during this global pandemic. With more unsecured personal devices connecting to the enterprise's network, the potential of jeopardizing network security increases, so these changes must be carefully considered in the context of the firm's cybersecurity.
  • Throughout response to the COVID-19 outbreak, cybersecurity precautions are also increasing in Europe. Public notice and a new guidance report were released by the National Cyber Security Centre (NCSC) of the United Kingdom. According to the NCSC, there has been a rise in the registration of websites that deal with the coronavirus. Previously, NCSC implemented new automation techniques to recognize and eliminate websites that lure naïve users into downloading malware by using the coronavirus as bait. As a result, these activities are fueling the local market.

Europe Digital Forensics Industry Segmentation

Digital forensics is identifying, preserving, analyzing, and presenting digital evidence. Digital forensics enables the extraction of evidence through the analysis and evaluation of data from digital devices and is used to recover and inspect the data while maintaining its originality.

Various digital forensics, including mobile forensics, computer forensics, network forensics, and other types (e-mail forensics, cloud forensics, social media forensics, IoT forensics, disk forensics, and database forensics), are considered under the scope.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Component
Hardware
Software
Services
Type
Mobile Forensics
Computer Forensics
Network Forensics
Other Types
End-user Industry
Government and Law Enforcement Agencies
BFSI
IT and Telecom
Other End-user Industries
Geography
United Kingdom
Germany
France
Italy
Rest of Europe
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Europe Digital Forensics Market Size Summary

The European digital forensics market is experiencing significant growth, driven by the increasing prevalence of digital devices and the evolving nature of cyber threats. As digital forensics has expanded from minor computer crime investigations to more impactful incidents, the demand for these services has surged. The market is characterized by a shift towards mobile and handheld device forensics, alongside traditional desktop and laptop investigations. The rise of IoT and cloud technologies has further influenced the market, as businesses undergo digital transformations and adopt BYOD policies. This proliferation of connected devices has heightened the risk of cyber intrusions, necessitating robust digital forensic solutions to enhance corporate security and mitigate potential data breaches.

The market landscape is moderately consolidated, with key players like MSAB Inc., LogRhythm Inc., IBM Corporation, PricewaterhouseCoopers, and Nuix leveraging partnerships, mergers, and acquisitions to strengthen their offerings. The demand for digital forensics is also fueled by the increasing adoption of IoT devices, particularly in sectors such as telecommunications, manufacturing, and energy utilities. The COVID-19 pandemic has accelerated investments in digital technology, further boosting the market. Additionally, initiatives by organizations like the European Anti-Fraud Office and collaborations with international bodies such as the International Criminal Court underscore the growing importance of digital forensics in addressing cybercrime and enhancing evidence processing capabilities.

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Europe Digital Forensics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Technology Snapshot

    4. 1.4 Assessment of the Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Component

      1. 2.1.1 Hardware

      2. 2.1.2 Software

      3. 2.1.3 Services

    2. 2.2 Type

      1. 2.2.1 Mobile Forensics

      2. 2.2.2 Computer Forensics

      3. 2.2.3 Network Forensics

      4. 2.2.4 Other Types

    3. 2.3 End-user Industry

      1. 2.3.1 Government and Law Enforcement Agencies

      2. 2.3.2 BFSI

      3. 2.3.3 IT and Telecom

      4. 2.3.4 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 United Kingdom

      2. 2.4.2 Germany

      3. 2.4.3 France

      4. 2.4.4 Italy

      5. 2.4.5 Rest of Europe

Europe Digital Forensics Market Size FAQs

The Europe Digital Forensics Market is projected to register a CAGR of 10.90% during the forecast period (2024-2029)

MSAB Inc. , LogRhythm, Inc., IBM Corporation, pricewaterhousecoopers and Nuix are the major companies operating in the Europe Digital Forensics Market.

Europe Digital Forensics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)