Market Size of Europe Digital Forensics Industry
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*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.