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Digital Forensics and its Mounting Significance in the Modern World

Blog Description

Digital forensic technology is primarily used to extract and analyze data from hard disks, computers, laptops, mobile phones, and other electronic and digital devices. The continuous advancement in forensic technology and its growing use in criminal and civil court cases and internal investigations in private organizations have greatly driven the global digital forensics market. According to Transparency Market Research, this market stands to expand at a 12.50% CAGR from 2015 to 2021, growing from a value of US$2 bn in 2014 to US$4.9 bn in 2021.

Browse the full Report of Global Digital Forensics Market

Here’s a look at some of the key forces contributing towards the growth of the global digital forensics market.

Alarming Rise in Security Threats: In recent years, the threat of terrorist attacks and security breaches has become all too real, forcing governments around the world to improve their security measures and upgrade to modern and advanced technologies. This rise in security concern is mainly responsible for the growth of the global digital forensics market.

Rapid Development in Technology: Owing to the constant evolution in technology and the surge in Internet subscribers, the use of electronic devices such as computers, laptops, and mobile phones has increased tremendously. This, in turn, has led to the persistent threat of cyber attacks and data theft. Digital forensics has emerged as a means of investigating the origin of such attacks and trying to find ways of controlling future breaches.

Innovations in Digital Forensics: Constant research and development in the field of forensic science has resulted in innovative digital forensics solutions and tools to be used in a wide array of applications in information and technology, law enforcement, banking, financial services, and insurance (BFSI), healthcare, transportation and logistics, defense and aerospace, and education.

Reduced Cost of Forensic Applications: Over the years, forensic technology has witnessed major advancements, such as the recovery of fingerprints from different metals, the recovery of complex data from electronic devices, and DNA profiling. These developments have resulted in the reduced prices of forensic tools, thereby making various forensic applications rather affordable. This, in turn, has boosted the digital forensics market.

Rising Complexities in the Courts of Law: The judicial, technical, and legal challenges while presenting evidence and data in the courts of law are many and there is a constant need for innovative, reliable, and accurate methods that can help gather, organize, preserve, assess, and present data obtained from various digital sources. The growing demand for better coordinated and more efficient detection, evaluation, and presentation of data in the courts of law has significantly driven the digital forensics market.

Browse the full Press Release of Global Digital Forensics Market

Some of the most prominent players competing in the global digital forensics market are Binary Intelligence, Global Digital Forensics, Access Data, Lancope, Guidance Software, Asr Data, Paraben Corporation, Digital Detective, Logrhythm, and Fire Eye.