Europe Digital Forensics Market Size, Share & Trends Analysis Report By Component, By Deployment Mode (Cloud and On-Premise), By Type, By Industry, By Country and Growth Forecast, 2024 - 2031
The Europe Digital Forensics Market would witness market growth of 14.4% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Digital Forensics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,594.8 million by 2031. The UK market is exhibiting a CAGR of 13.4% during (2024 - 2031). Additionally, The France market would experience a CAGR of 15.3% during (2024 - 2031).
Technological advancements and innovations in digital forensics tools and techniques have also played a crucial role in market expansion. Developing sophisticated software and hardware solutions has enhanced the capabilities of digital forensics professionals, enabling them to conduct more thorough and efficient investigations. For instance, artificial intelligence (AI) and machine learning (ML) have enabled the development of automated forensic tools that can rapidly and accurately analyze large volumes of data.
The rapid proliferation of mobile devices has notably escalated the importance of mobile forensics, a key domain within digital forensics that addresses the challenges posed by the surge in mobile-related digital crimes. As smartphones and tablets become more and more ingrained in daily life, they often become central to criminal activities, acting as evidence repositories and tools. The high ownership rates in developed nations underscore the potential scope for mobile device exploitation in illicit activities.
The National Recovery and Resilience Plan (PNRR) is a driving force behind the substantial digital transformation of Italy's healthcare sector, which allocates substantial funds to improve digital health infrastructure. The Italian Ministry of Health (Ministero della Salute) focuses on widely adopting EHRs and telehealth services. This digital shift, however, has made the sector more susceptible to cyber threats.
The cybersecurity industry in Italy was worth $2.1 billion in 2022. In response, Italy is prioritizing the implementation of advanced digital forensics tools to secure healthcare systems, investigate breaches, and ensure compliance with national and European data protection regulations such as the GDPR. This emphasis on digital forensics is crucial to maintaining the integrity and security of Italy's expanding digital healthcare infrastructure. Hence, the region will present lucrative growth opportunities for the market.
Based on Component, the market is segmented into Hardware (Forensic Systems, Forensic Devices and Others), Software, and Services (Professional Services and Managed Services). Based on Deployment Mode, the market is segmented into Cloud and On-Premise. Based on Type, the market is segmented into Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics. Based on Industry, the market is segmented into Government, BFSI, Telecom & IT, Retail, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Coalfire Systems, Inc. (Apax Partners LLP)
- Open Text Corporation
- LogRhythm, Inc.
- Exterro, Inc. (Leeds Equity Partners, LLC)
- Cellebrite DI Ltd.
- Micro Systemation AB (MSAB)
- Oxygen Forensics, Inc.
- Nuix Limited
- ADF Solutions, Inc.
- Magnet Forensics Inc.
Europe Digital Forensics Market Report Segmentation
By Component
- Hardware
- Forensic Systems
- Forensic Devices
- Others
- Software
- Services
- Professional Services
- Managed Services
By Deployment Mode
By Type
- Computer Forensics
- Network Forensics
- Mobile Device Forensics
- Cloud Forensics
By Industry
- Government
- BFSI
- Telecom & IT
- Retail
- Healthcare
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe