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Global Digital Forensics Market: Rising Demand from Law Enforcement Agencies to Counter Cybercrimes Boosts Market

Article Description

Digital forensics refers to the process of recovery and interpretation of data found in digital devices at the scene of a crime. The data recovered is presented before the court of law during the case trial. Forensic investigation encompasses three stages, which are acquisition of data or exhibits, followed by investigation, and reporting. In response to the rising incidence of cybercrime, digital forensics has emerged as a potent medium to defend against cyber thefts and provide protection against such occurrences. The adoption of digital forensics has substantially increased across law enforcement agencies who seek to match pace with the latest technological advances and commercialization. The market for digital forensics is, therefore, anticipated to exhibit robust growth between 2015 and 2021.

Browse the full Global Digital Forensics Market report at http://www.mrrse.com/digital-forensics-market

In its latest report, Transparency Market Research pegs the overall value of the global digital forensics market at US$2 bn in 2014. Rising at an impressive CAGR of 12.5%, the market is likely to reach US$4.9 bn by the end of 2021.

Increasing Advances in Digital Forensics Fuel Demand

Increasing advances introduced in forensic technology allowing recovery of complex information from electronic devices, DNA profiling, and fingerprints from metals, coupled with a steady decrease in cost, have made digital forensics more affordable. As a result, demand for digital forensics has substantially increased around the world. Furthermore, the technology has also successfully forayed into major sectors apart from law enforcement, such as banking, information and technology, and defense. This has significantly contributed towards the worldwide expansion of the digital forensics market. 

Law Enforcement Agencies Emerge as Largest End Users

Among the several end users of digital forensics, law enforcement agencies constitute the most active users. These agencies look forward to support from advanced and sophisticated digital forensic tools to detect crime and accumulate necessary proof of investigation to be presented before the court of law. Additionally, owing to the most recent advances introduced in the technology, digital forensics is also used in banking, the corporate sector, and IT companies to detect possible cyber thefts.

Globally, the threat of cybercrimes and confidentiality issues has accelerated tremendously. This in turn fuels the demand for technologies that provide infallible protection against cybercrimes and foolproof ways of detecting them. Hence, the demand for digital forensics is expected to rise incredibly in forthcoming years, as authorities from around the world become increasingly conscious about protecting their data source.

Computer Forensics Dominates Global Digital Forensics Market by Type

Based on type, the global digital forensics market can be segmented into computer forensics, network forensics, mobile device forensics, database forensics, cloud forensics, and others. Among these, computer forensics held a dominant share of 30% in the market in 2014. On the basis of application, the global market for digital forensics is segmented into education, banking, healthcare, financial services, law enforcement, insurance, information and technology, transportation and logistics, and defense and aerospace. Of these, the law enforcement segment accounted for the largest share in the market in 2014.

North America Emerges as the Largest Regional Market

Regionally, the global digital forensics market is spread across Europe, Asia Pacific, North America, and Rest of the World. North America accounted for over 50% of the global digital forensics market in 2014 in terms of revenue. The increasing demand for digital forensics in the region, particularly in the IT, law enforcement, defense, and banking sectors has enabled the region to attain the lead in the global market. Europe emerged as the second largest digital forensics market, holding a share of 30% in the global market.