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Digital Forensics Market - Expand at a 9.7% CAGR due to Rise in Usage of Mobile Phones

09-04-2018 08:17 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

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In-depth analysis of the global digital forensics market has been considered under the scope of this report, for the forecast period of2017 to 2025. The scope of this report includes competitive analysis of various market segments based on the types and applications. Digital forensics is mostly used for collection, identification, extraction and analyze various 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.

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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.

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Due to rise in security concerns in different verticals, such as defense, banking, health care, information technology, law enforcement, education, and logistics, among others, the market for digital forensics is witnessing substantial growth currently.

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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.

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