Cloud Forensic Market is Anticipated to Record the Rapid Growth and Prominent Players Analysis 2022-2027 Cloud computing has been a groundbreaking technological innovation. It has virtually eliminated the need for maintaining servers. Moreover, it has opened the possibilities for several technological innovations such as the Internet of Things (IoT) and data analytics. IoT in particular has been a huge avenue of possibilities as it can enhance the human-machine interface. According to a report, the total number of IoT devices was estimated to be over 18 billion as of 2022. Such developments also create security challenges as hackers seek to violate security vulnerabilities and commit data theft. Soaring cybercrimes and their growing intensity are incentivising the need for robust cybersecurity. Cloud forensics services utilise digital forensics in a cloud network to acquire and preserve evidence of cybercrimes. This is expected to lead the global cloud forensic market to promising business opportunities. For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/cloudforensic-market Rapid IoT Adoption Creating Novel Challenges Over the past few years, technologies such as the Internet of Things (IoT) have significantly stimulated the demand for cloud computing, remote device monitoring, data transmission, and wireless technologies. The presence of such a complex and interconnected network of devices has also caught the eye of cybercriminals. A higher number of devices connected in the same ecosystem means that hackers have higher chances of finding a security vulnerability and compromising the entire system. Consequently, the incidence of data theft has scaled drastically in recent years, resulting in significant financial losses for users and organizations. Such developments are poised to provide considerable growth prospects to the global cloud forensic market. Robust Cloud Integration to Incentivise Cloud Forensics Adoption In the past decade, the adoption of cloud technologies has soared at breakneck speeds. Today, a significant proportion of individuals and businesses depend on the cloud for various tasks. Ranging from sharing media to financial transactions, the cloud is enabling several online activities. Before the cloud, organisations were forced to handle their own servers and bear the upfront and ongoing costs of data on-premises. While the cloud is streamlining processes en masse, it comes with its own security risks too. As cloud adoption grows, so do
the security risks. To this end, consumers are using cloud forensics tools to beware of any malicious activity on their cloud, leading the global cloud forensic market to fruition. Diverse Factors Contributing to North America’s Dominance The widespread adoption of cloud technologies and the presence of advanced networking technologies are aiding North America’s global leadership position in the cloud forensic market. The region has a large user base of cloud technologies at both individual and organisational levels. With such a high rate of technological integration in the region, several businesses are adopting remote working, cloud computing, and BYOD culture. Such cases increase cyber risks. To combat this, cloud forensics solutions are being employed across the region. North America is expected to prolong its dominance in the cloud forensic market in the foreseeable future. Major Market Entities Some of the most competitive players in the global cloud forensic market include CISCO, Oxygen Forensics, Digital Detective, OpenText, Micro Systemation, Paraben, AccessData, Magnet Forensics, LogRhythm, Coalfire, Cellebrite, and FireEye. For More Information Visit: https://www.fairfieldmarketresearch.com/report/cloudforensic-market About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.