Digital Forensics Market Analysis, Outlook, Development, Growth and Demand Forecast to 2021
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. The global digital forensics market has been segmented on the basis of types and industry uses. A cross sectional study of the global digital forensics market across four major geographical segments has also been covered under the purview of the report.
Growing cyber crimes coupled with rising safety concern have led to a rise in the implementation of digital forensic tools in various industries. 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.
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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. Furthermore, new players with advanced systems that come with better reliability and accuracy are likely to emerge in the market, in order to meet the challenging technical aspects along with judicial and legal issues. However, rising complexity of mobile devices and increasing snooping activities by government are some of major factors inhibiting the growth of the global market for global digital forensics.
This market research study focuses on the global digital forensics market and provides estimation in terms of revenue (USD Billion) from 2015 to 2021. It identifies the drivers and restraints affecting the industry and analyzes their impact over the forecasted period from 2015 to 2021. Moreover, it recognizes the significant opportunities for market growth in the years to come.
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The competitive profiling of the major players in the global digital forensics market and their market shares across the four broad geographic regions namely, North America, Europe, Asia Pacific and Rest of the World (RoW) have been incorporated in this report. Furthermore, key business strategies adopted by the leading players have been included in this report.
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.).