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Digital Forensics Market to Reach Billions in Value

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The world is now wholly dependent on digital devices and this space is continuously evolving. Over a decade, personal computers are surpassed by mobile devices. Moreover, technologies such as cloud and Internet of things are deeply penetrating into the IT space defining the future of cyber world, making digital information more distributed than ever. Cyber espionages such as phishing, bank frauds, and money laundering are surging across the regions, and it is becoming evident that digital forensics has become a relatively essential tool for crime investigations. Digital forensics tools are used for identification, preservation, justification, examination, and presentation of digital data evidence for the purpose of post-attack examinations. The tools are reverse engineered and are practically applied across hardware and software artifacts that have been developed by the global IT economies. Due to the ability to reconstruct the evidence left by criminals, auditors, investigators, and specialists within local, state and law enforcement, military, private industries, and other government organizations are applying these tools on a daily basis.

According to MarketsandMarkets, the rise in sophistication of digital crimes, emergence of IOT and increase in regulatory, enforcements, and compliance requirements are driving the digital forensics market. As digital forensics is a post-incident investigation stage, wherein it involves collection and analysis of digital evidence. The main aim of digital forensics is to gather and collect the digital evidence and to ensure that these evidences are acceptable in court of law if required, as any information that are stored digitally can act as evidence in cases related to frauds, cyber-attacks, and insider attacks.

The North America region is expected to hold the largest market share during 2015 to 2020 as law enforcement agencies in the region are incorporating computer and network forensics in an effort to fight e-crime and to collect relevant digital evidences for all types of crimes. Furthermore the APAC region is expected to grow with the highest CAGR during the forecasted period. The reason for growth can be attributed to increase in organization spending towards strengthen their IT infrastructure and rising  cases of cyber-attacks such as DDoS, Trojans, and so on are necessitating the adoption of digital forensic solutions and services across the APAC region.

According to MarketsandMarkets analysis, services market accounts for the largest market share in the complete components market in 2015. The rapid increase in cybercrime has prompted the organizations to adopt digital forensic services to address the risks in the continuously evolving threat landscape. Digital forensic services include digital investigation and consulting, incident response, system integration, education & training, and maintenance & support. These services assist in the analysis of capture content and reporting of expert evidence in court. The service market is rapidly gaining pace with new domain specific services such as digital media analysis, law enforcement support, and litigation support.

The military and defense vertical accounted for the largest market share in the entire Digital Forensics market in 2015. The military and defense agencies use mobile forensic technologies to extract data from mobile devices and other devices. This can provide them with additional intelligence information to protect their defense data and to stop future terrorist attacks. The digital forensic tools can improve the efficiency of the military and defense sector.

For more on this report, click here.




Edited by Ken Briodagh


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