Digital Forensics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Albany, NY -- (SBWIRE) -- 09/28/2015 -- Digital forensics is a relatively new science that is used to identify, collect, analyze, and extract evidence from hard disks, computers, mobiles, laptops, and other digital devices. Increasing cyber crimes and rising safety concerns have led to a rise in the implementation of digital forensic tools in various industries. These devices are mainly used for mobile data recovery and crimes pertaining to cloud computing. Many digital devices such as cell phones, tablets, and computers are increasingly being used to commit fraud. This has triggered the need for organizations to conduct digital forensic investigations.
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The demand for digital forensics technology has increased in the recent past due to the increasing use of digital devices and partially as a result of commercial operations and need for law enforcement agencies to address computer crime issues.The digital forensic methodology is a set of procedures and tools built from the experience of system administrators, hackers, and law enforcement. In this modern age, it plays an integral role in preventing internet-related crimes and misuse of company data. As cyber crime is increasing at an alarming rate across the global digital forensics market becomes an important element with the power to curb the progress of such crimes.
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.
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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.
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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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Key Questions This Study Will Answer
What is the market size and potential for Digital Forensics Market products?
Which segment of Digital Forensics Market is growing the fastest? How long will it continue to grow, and at what rate?
What is the greatest challenge faced by the Digital Forensics Market and how can it be overcome?
Are the products and services offered currently meeting customer needs, or are there additional developments needed?
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