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Digital forensics is mostly used to
collect, identify, extract and analyze evidence from computers, hard
disks, mobiles, laptops and other digital devices. This technology is
implemented in civil and criminal court cases along with different
other private organizations for internal investigations. Moreover,
digital forensics has become a key asset in addressing employee
theft, particularly in banking, defense, and IT industries. In
addition, these devices are used for mobile data recovery and crimes
related to cloud computing. With the continuous advancements in
forensic technology, investigators are able to collect and analyze
clear and accurate data across multiple devices.
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The overall value of the global
digital forensics market at US$2.03 bn in 2014. The market, according
to the report, will reach US$4.97 bn by the end of 2021 at a positive
CAGR of 12.5%.
Rapid advances introduced in
forensic technology that enable recovery of complex data from
electronic devices, fingerprints from metals, and DNA profiling,
together with decreasing costs over a period of time, have made
forensic applications more affordable. As a result, digital forensics
technology has successfully forayed into major markets across the
globe. Furthermore, expansion of sectors such as banking, law
enforcement, defense, and information technology has also
significantly contributed to the growth of the global digital
forensics market, states the report.
Law enforcement agencies are the
most active users of digital forensic tools. They seek the help of
such advanced equipment to detect crimes and provide proof of
investigations in the courts of law. Moreover, due to the advances
introduced in the technology recently, digital forensics is also used
across the corporate sector, banking, and IT companies to detect
possible thefts. Due to the increasing incidence of cybercrime and
confidentiality issues around the world, technologies that provide
foolproof ways of detecting crimes are in great demand. Hence, it is
expected that the demand for digital forensics will remain high over
the forthcoming years, as authorities around the world become more
conscious about protecting their valuable data.
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Digital forensics market, by Types
> Computer forensics
> Network forensics
> Cloud forensics
> Mobile device forensics
> Database forensics
> Others
Digital forensics market, by Industry use:
> Healthcare
> Education
> Banking, Financial Services
and Insurance (BFSI)
> Defense and Aerospace
> Law Enforcement
> Transportation and Logistics
> Information Technology
In the near future, with
developments in digital forensic research, digital forensic tools
would be further used in health care, education, transport, and other
application areas. Moreover, forensic tools would find potential
applications in mobile data recovery and crimes related to cloud
computing. This would lead to more efficient and better coordinated
detection, analysis, and presentation of data in courts of law. In
order to cater to the needs of digital forensics, companies are
coming up with new innovative products that can effectively collect,
preserve, analyze, and present evidence obtained from digital
sources.
Some of the key players in the
digital forensics market are Guidance Software, Inc. (U.S.),
LogRythm, Inc. (U.S.), AccessData Group, Inc. (U.S.), Paraben
Corporation (U.S.), Binary Intelligence (U.S), Fireeye Inc. (U.S.),
Digital Detectives (U.S.), ASR Data (U.S.), Lancope, Inc. (U.S.) and
Global Digital Forensics (U.S.).
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