Digital Forensics Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Computer Forensics, Network Forensics, Cloud Forensics, Mobile Device Forensics, Database Forensics), By Component (Hardware, Software, and Service), By Application (Digital Investigation and Consulting, Incident Response, System Integration, and  Training Maintenance & Support), By End User (Government Agencies, Healthcare, BFSI, Law Enforcement Telecommunication, Media and Entertainment, Others), and Region Forecast 2019-2030

The global digital forensics market was valued at US$ 8,629.5 million in 2023, at a CAGR of 9.2% from 2024-2030. The growing number of cybercrimes, data breaches, and advanced hacking methods drive the demand for digital forensics. The rising dependence of companies and government organizations on digital platforms has led to a notable surge in the need for forensic solutions that can effectively investigate, evaluate, and mitigate cyber risks. Strict legal requirements for data protection and the growth of cloud computing and IoT technologies which reveal new vulnerabilities are important motivators.

The market is constrained by the high price of digital forensic products and services and the scarcity of qualified experts. Possibilities come from the increasing usage of blockchain technology in digital transaction security as well as the growing deployment of AI and machine learning to improve forensic capabilities. Important developments include the growing dependence on cloud-based forensic solutions, the incorporation of automation to expedite investigations, and the emphasis on mobile device forensics, which is fueled by the pervasive use of tablets and smartphones in daily life. This market is positioned for rapid development as cybersecurity threats become more sophisticated.

Key Players

The digital forensics market size is inclusive of several companies such as Cisco (US), Cellebrite (US), OpenText (Canada), Nuix (Australia), Global Digital Forensics Inc (US), Oxygen Forensics (US), Cado Security (England), Bounga Informatics Pte Ltd, Binary Intelligence (US), Magnet Forensics (Canada), and MSAB (Sweden).

Facts and Figures

•   A US-based provider of security software and digital forensics is Paraben Corporation. The cutting-edge digital forensics solution Paraben's E3 Platform, the company's flagship product, allows investigators to gather, examine, and preserve digital evidence from a variety of sources, including desktops, mobile devices, and cloud storage. With the release of its 4.0 version, Paraben revealed significant enhancements to its E3 platform in June 2024. The "Dilithium Edition" of this edition features an updated graphical user interface (GUI). For a smooth transfer of current customers to the new platform, Paraben offers free access to training materials.

Key Developments 

•  In February 2023, The Directorate General of GST Intelligence (DGGI) and the National Forensic Sciences University (NFSU) announced the signing of a memorandum of understanding (MoU) to establish digital forensic laboratories. This will facilitate the sharing of knowledge and information, technology advancements, and the improvement of skills in the field of digital forensics.
• In December 2022, Fintactics partnered with Aion Digital on a joint venture and introduced Lezaam. Leza'am's RegTech as a Service offers all the features and functionalities needed for electronic KYC and digital onboarding, including digital forensics, compliance, journey orchestration, and anti-money laundering screening.

Digital Forensics Market Segmentation

By Type: The computer forensics category is the most prevalent kind in the digital forensics industry. This is due to the increased use of computers and digital systems in both personal and professional situations, resulting in a growing demand for forensic investigations linked to data breaches, cybercrimes, and fraud. When it comes to recovering, examining, and safeguarding data from digital devices like laptops, desktops, and servers which are frequently used in cybercrime investigations computer forensics is essential. Computer forensics is crucial for spotting dangers, looking into crimes, and guaranteeing compliance with laws in light of the rise in cyberattacks, data theft, and hacking events in industries including banking, healthcare, and government. 

By Component: The software segment of the digital forensics industry is expanding at the highest rate because of the volume and complexity of digital data that requires analysis. Advanced forensic software tools are necessary for examining, retrieving, and evaluating data from a variety of digital devices, including computers, cell phones, and networks, as cybercrimes become more complex. The rise of software in this industry is also being pushed by the need for AI-powered forensic solutions and automation. Digital forensic software is growing quickly in the market because it has to adapt to handle data stored on distant servers and cloud platforms, which is another factor in the evolution of cloud computing.

By Application: Incident response is the most popular application in the digital forensics industry because of the rise in complexity and frequency of cyberattacks and data breaches. Incident response is given top priority by organizations to promptly identify, address, and recover from security issues. This urgency increases the demand for digital forensics tools to investigate compromised systems, discover vulnerabilities, and track the sources of attacks. Businesses can limit damage, cut down on downtime, and protect critical data with the aid of incident response. Its dominance in the digital forensics industry is further cemented by the increasing stringency of regulatory compliance and data privacy regulations, which calls for the necessity of complete incident response capabilities.

By End User: Law enforcement and government agencies control the majority of the end-user market in digital forensics. This is because these companies are leading the way in looking into fraud, cybercrimes, data breaches, and actions connected to terrorism. To obtain and examine electronic evidence which is vital to criminal investigations and court cases they mostly rely on digital forensic technologies. Law enforcement must now deploy cutting-edge forensic technologies to locate, apprehend, and punish offenders due to the expanding amount of digital data and the sophistication of cyber threats. This segment's dominance is further cemented by the growing demand for cybersecurity and the protection of vital infrastructure.