With the rising technical advancements, cloud computing solutions are becoming popular worldwide. Being cost-effective, easily maintainable, and convenient for data storage and retrieval, cloud computing and cloud security solutions such as cloud networks and digital forensics are gaining traction across the globe.

Despite having high demand, several factors such as lack of knowledge, budget constraints, unavailability of sufficient resources, and others, digital forensics solutions are confined in the SMEs.

Furthermore, factors such as non-operational manufacturing units during lockdown, decreased manpower, unavailability of raw materials, and others have slowed down the market growth which is expected to go on till the end of this year.

FMI offers an unbiased analysis of the global market, its various growth drivers, restraints, and potential.

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Some of the key takeaways from the report are highlighted below-

Digital cloud forensics being the most popular type of digital forensics solutions, is expected to witness the highest growth of 14.7% CAGR during the forecast period

The increasing cases of cyber threats and attacks in the government, law enforcement, and other sectors are resulting in higher adoption of digital forensics solutions all over the world

Component-wise software digital forensics solutions are set to register the highest growth of CAGR 13.3% during the forecast period

Among the end users, the government & law enforcement sector will maintain the lead, followed by the legal services firms throughout the forecast period

North America digital forensics market will lead other regions during the forecast period

Regional Insights

The U.S. digital forensics market is set to witness impressive growth over the coming years. The rising adoption of mobile devices for business continuity, such as cell phones, laptops, and USBs, has increased the incidence of cyberattacks in the United States.

Digital advancements coupled with increased usage of cloud-based solutions are catering to the market growth in China. With the growing requirement of storing critical data and minimizing cybercrimes, the market in China is expanding fast.