logo

Asia Pacific Digital Forensics Market Size (2024 - 2029)

The Asia Pacific Digital Forensics Market is projected to experience substantial growth over the forecast period, driven by the increasing adoption of cloud solutions by banks and financial institutions in the region. This shift is expected to create a heightened demand for cybersecurity measures, thereby boosting investments in digital forensics. The rise in cybercrime, particularly in the cloud environment, has further accelerated the need for digital forensics to detect and respond to these threats. As cyber risks continue to target businesses across the region, the market is poised for significant expansion.

Home Market Analysis Technology, Media and Telecom Research Security & Surveillance Research Public Safety Research Law Enforcement Research APAC Digital Forensics Industry Market Size

Market Size of Asia Pacific Digital Forensics Industry

Asia Pacific Digital Forensics Market Summary
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

Asia Pacific Digital Forensics Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC 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.

APAC Digital Forensics Industry Segmentation

Digital Forensics is a sub-field of forensic science that focuses on obtaining, processing, analyzing, and documenting electronically recorded data found in digital devices. This digital data forms the basis of law investigations and creates a source of evidence in a court of law. The investigative forensic team uses the best techniques and tools to solve complicated digital-related cases. Nowadays, even commercial organizations are adopting digital forensics to solve issues related to fraud investigations, employment disputes, problems with regulatory compliance, and bankruptcy investigations.

The Asia Pacific digital forensics market is segmented by component (hardware, software, services), type (mobile forensics, computer forensics, network forensics), and end-user vertical (government and law enforcement agencies. BFSI, IT, and telecom). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Component
Hardware
Software
Services
Type
Mobile Forensics
Computer Forensics
Network Forensics
Other Types
End-User Vertical
Government and Law Enforcement Agencies
BFSI
IT and Telecom
Other End-user Verticals
By Country
India
China
Japan
South Korea
Rest of Asia Pacific
Need A Different Region Or Segment?
Customize Now

Asia Pacific Digital Forensics Market Size Summary

The Asia Pacific Digital Forensics Market is poised for significant growth, driven by the increasing adoption of cloud solutions and the rising incidence of cyber crimes. As banks and financial institutions in the region expand their cloud infrastructures, the demand for robust cybersecurity measures, including digital forensics, is expected to surge. The region has witnessed a notable rise in cyber threats, with countries like Thailand and Malaysia facing heightened risks. The proliferation of cyber attacks, particularly ransomware, has prompted the establishment of specialized centers and the adoption of advanced forensic technologies to combat these threats. The COVID-19 pandemic has further exacerbated the situation, leading to a substantial increase in cyber crimes, necessitating the urgent need for digital forensics to detect and mitigate these risks.

The competitive landscape of the Asia Pacific Digital Forensics Market is characterized by moderate competition, with key players continuously innovating and forming strategic collaborations to enhance their offerings. Companies like Wavesys Global and Group-IB are at the forefront, introducing advanced tools and forming partnerships to strengthen their market presence. The market is also witnessing the integration of AI-based solutions to streamline forensic investigations and improve efficiency. As cyber threats evolve, the demand for digital forensics is expected to grow, with law firms and other sectors increasingly relying on these solutions to safeguard their operations. The market's expansion is further supported by the growing need for cybersecurity in sectors such as manufacturing, finance, and healthcare, where the tolerance for downtime is low, making them prime targets for cyber attacks.

Explore More

Asia Pacific Digital Forensics Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Technology Snapshot

    4. 1.4 Assessment of the Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Component

      1. 2.1.1 Hardware

      2. 2.1.2 Software

      3. 2.1.3 Services

    2. 2.2 Type

      1. 2.2.1 Mobile Forensics

      2. 2.2.2 Computer Forensics

      3. 2.2.3 Network Forensics

      4. 2.2.4 Other Types

    3. 2.3 End-User Vertical

      1. 2.3.1 Government and Law Enforcement Agencies

      2. 2.3.2 BFSI

      3. 2.3.3 IT and Telecom

      4. 2.3.4 Other End-user Verticals

    4. 2.4 By Country

      1. 2.4.1 India

      2. 2.4.2 China

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Rest of Asia Pacific

Asia Pacific Digital Forensics Market Size FAQs

The Asia Pacific Digital Forensics Market size is expected to reach USD 0.87 billion in 2024 and grow at a CAGR of 13.91% to reach USD 1.65 billion by 2029.

In 2024, the Asia Pacific Digital Forensics Market size is expected to reach USD 0.87 billion.

Asia-Pacific Digital Forensics Market Report Snapshots

Asia Pacific Digital Forensics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)