Market Size of Asia Pacific Digital Forensics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.87 Billion |
| Market Size (2029) | USD 1.65 Billion |
| CAGR (2024 - 2029) | 13.91 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Digital Forensics Market Analysis
The Asia Pacific Digital Forensics Market size is estimated at USD 0.87 billion in 2024, and is expected to reach USD 1.65 billion by 2029, growing at a CAGR of 13.91% during the forecast period (2024-2029).
Banks across the Asia-Pacific region plan to increase their cloud spending, and 93% of banks in the region anticipate reaching an inflection point and utilizing hybrid and multi-cloud infrastructures by 2023. Adopting cloud solutions by these BFSIs will create a demand for cyber security measures, which will increase investments in digital forensics.
- Many cyber risks are rapidly targeting Thai businesses. According to a report shared by Hi-Tech Crime Trends, with 27 victim organizations whose data was exposed on ransomware-specialized leak sites, Thailand ranked fifth in the Asia Pacific region. Group-IB's Digital Crime Resistance Centre in Thailand was established to counter this increasing number of cyber attacks. Group-IB's highly skilled digital forensics and incident response experts helped decrypt a medical organization's network in Thailand.
- Since the Covid-19 outbreak, there has been a significant increase in cyber crime attacks. Federal Bureau of Investigation (FBI) recorded a 400% increase in cyber crimes during the pandemic. With increasing digital activities, cybercrimes in the cloud environment are growing, and to detect these frauds, digital forensics was adopted.
