The North America Digital Forensics Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Digital Forensics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,399.1 million by 2031. The Canada market is experiencing a CAGR of 16.6% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.6% during (2024 - 2031).
The digital forensics market has grown substantially over the past decade, driven by the increasing complexity and frequency of cybercrimes and the escalating need for robust cybersecurity measures. Digital forensics is forensic science's subfield with specific focus on the recovery and investigation of information that is discovered in digital devices. This information is typically related to computer crimes. When it comes to the collection, preservation, analysis, and presentation of digital evidence, this market encompasses a wide variety of tools, software, and services that are designed to simplify the process. The significance of digital forensics continues to grow, making it a critical component of modern cybersecurity strategies.
One of the primary drivers of the digital forensics market is the rising incidence of cybercrimes. Cyber threats, including data breaches, hacking, and identity theft, have become more sophisticated and prevalent, affecting individuals, businesses, and governments worldwide. These crimes result in financial losses, compromise sensitive information, damage reputations, and disrupt operations. In light of this, there is an increasing need for digital forensics solutions that can effectively investigate and mitigate these threats. The demand for digital forensics has been further exacerbated by the widespread adoption of digital devices and the Internet of Things (IoT).
The Mexican government is undergoing modernization initiatives to improve its digital infrastructure and cybersecurity posture. This includes investments in digital forensics tools and training for law enforcement agencies. Mexico has experienced a significant rise in cybercrime recently. Mexico was fifty-second in the most recent Global Cybersecurity Index produced by the International Telecommunications Union index (2020). This necessitates the development of digital forensics capabilities to address these threats. Hence, as cyber threats evolve and escalate, the digital forensics market is expected to expand further to meet the growing demand from government and defense customers.
Free Valuable Insights: The Digital Forensics Market is Predict to reach USD 26.3 Billion by 2031, at a CAGR of 14.8%
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 U.S., Mexico, Canada, and Rest of North America.
By Component
By Deployment Mode
By Type
By Industry
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 