Digital Forensics Market Witness an Increasing Use of Forensic Tools
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. 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.
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 forensic technology plays an integral role in preventing internet related crimes and misuse of company data. Moreover, cyber crime is accelerating at an alarming rate and digital forensics acts as an essential element that has the power to encumber the progress of such criminals. Due to increasing security concerns across different verticals, such as law enforcement, defense, banking, health care, information technology, education, and logistics, among others, the market for digital forensics is witnessing substantial growth currently. In addition, due to rapid advancements in forensic technology, such as the ability to recover complex data from electronic devices, fingerprint recovery from metals, and DNA profiling, prices of forensic tools have reduced, which in turn has increased the affordability of forensic applications along with their market penetration. Considering all these factors, the global digital forensics market is expected to grow at a potential rate during the forecast period from 2015 to 2021. Economic growth in emerging markets is expected to create growth opportunities in the global digital forensics market, but factors such as the increasing complexity of mobile devices and the persistent threat of government snooping are predicted to hamper the growth of the global digital forensics market in the years to come.
The Future of the Global Digital Forensics Market Shaped by Technological Advances
Due to rapid advancements in forensic technology, such as the ability to recover fingerprints from metals or complex data from electronic devices and conduct DNA profiling activities, digital forensic techniques are growing rapidly across the globe. The global digital forensics market is expected to reach US$4.97 billion by 2021 from US$2.03 billion in 2014. Rising confidentiality issues in various sectors and growing cyber crimes are the primary growth drivers of the digital forensics market. Owing to these factors, the market is expected to rise at a CAGR of 12.5% between 2015 and 2021.
In the near future, digital forensic tools would also be used in education, healthcare, transport, and other application areas due to the rapid research and development activities on this technology. Future forensic tools would find abundant potential in mobile data recovery applications related to cloud computing, leading to better analysis and coordinated detection.
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Role of Digital Forensics in Corporate Organizations Becoming Increasingly Prominent
Digital forensics has become a significant asset in addressing employee theft, especially in data-sensitive areas of applications such as defense, banking, and IT. It has become prevalent because most law enforcement agencies in the world understand that modern life includes a variety of digital devices that can be exploited for criminal activities. Stakeholders and law enforcement agencies have been using digital forensic tools to support investigations in court cases and reduce crime rates.
Many other technical jobs and roles in the data recovery and computer forensics industry also find the need for digital forensics. For instance, digital forensic techniques are applied in police subcontract work for viewing child abuse images in child abuse/child pornography cases. Similarly, many forensics firms engaged in forensic investigation work are seeking to find solutions for data theft, misuse of confidential data and inappropriate use of the internet in various industrial areas.