Digital Forensics Market to Hit 4.8 Billion USD in Revenues by 2020.

2024-04-16 05:53:43 Business

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Digital forensics is the process of uncovering and interpreting electronic data. The goal of the process is to preserve any evidence in its most original form while performing a structured investigation by collecting, identifying and validating the digital information for the purpose of reconstructing past events.

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. Furthermore, expansion of sectors such as banking, law enforcement, defense, and information technology has also significantly contributed to the growth of the global digital forensics market, states the report.

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.

Increase in number of digital devices, rapid growth in technology, increase in cyber-crime using digital devices, increasing need for data recovery and growth in usage of cloud computing applications demanding safety measures for data theft and government regulations is driving the digital forensics market growth.

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Market Driving Factors:
The Major driving factors of the Digital Forensics Market, as examined by Industry Arc?s research analysts are:
? Rising cases of cybercrimes and terrorist activities across the globe are the key factors driving the growth of the digital forensics market.
? High rate of internet penetration and increasing dependency on it for communication has gained the attention of criminals and hackers.
? This is turn generates a special need for digital forensic tools for gathering and examining digital data for presenting it as evidence in a court of law.
? 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.
? 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.

Geographical Study of the Market:
The entire geography for digital forensics market is analyzed into Americas, Europe, APAC and RoW. Americas is the leading market for digital forensics market due to the technological advancements and law enforcements. This is followed by Europe resulting the growth in implementing technology.

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Notable Applications Brief:
Digital devices Digital Forensics Market cater to various application as increase in number of digital devices, rapid growth in technology, increase in cyber-crime using, increasing need for data recovery and growth in usage of cloud computing applications demanding safety measures for data theft and government regulations is driving the digital forensics market growth.
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. Furthermore, expansion of sectors such as banking, law enforcement, defense, and information technology has also significantly contributed to the growth of the global digital forensics market, states the report.

REPORT SCOPE:
Market Segmentation:
The Digital Forensics Market is broadly segmented into 4 types based on the later given factors. The broad segmentation is further led to a narrower stream of divisions made by experts of IndustryARC and mentioned in this research report.
1. By Application: Computer Forensics, Mobile Device Forensics, Forensic Data Analysis and Database Forensics.
2. By Tool Analysis: Computer Forensics, Mobile Device Forensics and Other Tools for Forensics.
3. By End User: Private, Government, Federal and Corporate.
4. By Geography: Americas, Europe, APAC and ROW.

Key Market Players:
Few of the top prominent competitors out of the complete list of 40+ companies of the Digital Forensics Market which are studied in depth and mentioned in this research report are:
? Accessdata Group, Inc. (Utah, the U.S),
? Atlantic Data Forensics (the U.S),
? Binary Intelligence, LLc. (the U.S),
? CCL Solutions Group Ltd.(U.K),
? Cellebrite Ltd (Israel) and others.

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