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Insights into Digital Forensics and Incident Response Services Market

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Published on : Feb 24, 2020

Researchmoz has announced the addition of a report, titled “Global Digital Forensics and Incident Response Services Market Size, Status and Forecast 2019-2025”. The report on the Digital Forensics and Incident Response Services market offers an elaborate assessment of key growth trends and drivers, recent developments in the market, the competitive ecosystem, and opportunity and challenges analysis. Segments in the report are created by product type and application. The forecast period of the report is 2019 to 2025. Base year is 2018.

By segment, the market report is divided into standardized service and customized service.  And, by application the split is into large enterprise and Small and Medium Enterprises (SME). Region-wise, the areas covered include North America, Europe, China, Japan, South East Asia, India, Central and South America. 

It gives a deep dive into growth opportunities and growth forecast of the global digital forensics and incident response services market over the forecast period. It also strategically profiles the major players operating the global digital forensics and incident response services market playfield.

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As per the report, the global forensics and incident response services market playfield is expected to grow at a stellar CAGR (Compound Annual Growth Rate) between 2019 and 2025. It is attributable to factors such as increase in cyber-attacks. Recently, in Hong Kong, Amnesty International’s office witnessed a Cyber-attack with links directing towards Chinese Government.

Also, healthcare is witnessing multiple cyber-attacks. In April, 2019, Doctors Management Services witnessed a ransomware compromise critical data of patients. Such attacks lead to governments and market players to witness demand for effective incident response services.

These are particularly significant for manufacturing industry, healthcare, BFSI and IT to ensure better threat detection is solutions are available, debarring trespassers and criminals from entering sensitive zones. 

The global digital forensics and incident response services market is fragmented and key players which are also covered in the added market report include PagerDuty, xMatters, Microsoft, IBM, Nuix, Veritas Technologies (Symantec), AccessData, OpenText, Micro Focus, Disco, Exterro, FTI Technology, Catalyst, Everlaw, Recommind, Symantec, Epiq Systems. 

Players focus on innovation and product development to have an edge over competitors and maintain a strong hold on the market share. Other strategies that are quite popular in the market space to ensure better market penetration and operational expansion are mergers and acquisitions and strategic collaborations. Players often explore synergies to pave way for growth, combining know-how, capacities, and so on.

In the April of 2019, NetFort was acquired by Rapid7 Inc. This acquisition will help the latter make use of former’s analytics, network monitoring, and visibility into the Insight cloud. This will enable consumers to advance securely.

In the October of 2018, FireEye offered tools, knowledge, etc. to secure protection of community wit shared expertise and advanced on-demand services. During its start, the platform eyed community developed tools, open-source software and freeware.

Region-wise, North America and Europe will account for a large share owing to presence of a large number of prominent layers, high incidences of attacks and rising demand for installation across industry verticals. However, one of the most lucrative markets in the forecast period would be Asia Pacific (APAC), owing to growth in IT and ITeS industry and the computer hardware and software sector, which is looking at an increase in investment. Countries, such as, China and Japan are also leading to growth in the region owing to electronics and information technology seeing an upward curve.