Digital Forensics Market Overview – Industry will Drive the Huge ROI by Size, Demand, Opportunities and Forecast to 2023

Digital forensics refers to investigating and interpreting electronic data. The ultimate goal of digital forensics is to examine digital media in order to recover and investigate the information found in digital media. It is commonly used in both private investigation and criminal law. The digital forensic investigation basically comprises of acquisition of exhibits, analysis of the data recovered and reporting of the investigation performed.

The demand for digital forensics is expected to be driven by stringent government regulations and the increasing instances of cyber-attacks on enterprises. Moreover, the massive use of Internet of Things (IoT) devices is expected to increase the demand for digital forensics software during the forecast period.

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Digital forensics or computer forensics involves collecting, identifying, extracting, and analyzing evidence from digital devices such as computers, laptops, and hard disks. This type of technology is used in criminal, civil court cases, and in private organizations. This technology helps reduce employee theft particularly in banking, defense, and IT industries.

Rise in cybercrimes and security concerns, increase in insider attacks, and rapid advancement in forensic technology such as fingerprint recovery from metals drive the market. In addition, reduction in the price of forensic tools further boost the market growth. However, lack of skilled professionals and increase in complexity level of mobile and other devices restrict the digital forensics market.

The report segments the digital forensics market based on type, component, application, and geography. According to the product type, it is segmented into computer forensics, network forensics, and mobile forensics. By component, it is divided into hardware, software, and services. Based on application, it is segmented into healthcare, education, banking, financial services & insurance, defense & aerospace, law enforcement, transportation & logistics, and information & technology. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major key players operating in this market include

• PerkinElmer, Inc.,
• Guidance Software,
• AccessData Group,
• Cellmark, FireEye, Inc.,
• CCL Solutions Group Ltd.,
• Binary Intelligence LLC, and
• Global Digital Forensics.

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Forensic Data Analysis

The forensic data analysis tools take care of key aspects, such as identifying the relevance of potential evidence, prioritizing it, and determining whether further processing is needed. Additionally, this tool offers recording and retrieval capabilities, along with deep analysis capabilities through metadata, for better visibility of risks that the data can be exposed to. Forensics data analysis requires extensive forensic investigation knowledge and experience of the investigator to use these tools effectively. Moreover, this tool is useful in application areas, such as investigations, disputes, transaction advisory, contract risk, and due diligence. Furthermore, the data analytics tools and modeling techniques are used to prevent and detect fraud proactively. These tools utilize the knowledge found from the data analyzed and convert it into actionable insights.

Data Acquisition and Preservation

The most critical part of a forensic investigation is to securely acquire the evidence and preserve it without causing any damage to the integrity of the data. It is important to prevent the computer’s state from changing and proving that the original drive was not modified and the copy is undamaged. There are 2 methods by which data is acquired: hardware-based acquisition and software-based acquisition. In general, hardware-based acquisitions are more reliable and difficult for an attacker to corrupt, but currently, the software-based acquisition is far more popular, due to its cost-effectiveness and ease of availability. Moreover, the constant innovation in technologies tends to keep the data acquisition tools in fluidity to match the industry’s requirements.

Data Recovery

The term data recovery is frequently used for forensic recovery. Data recovery tools are used for recovering data from damaged media. These tools recover corrupted, formatted, repartitioned, and deleted data from storage media, such as internal or external hard disk drives, Solid-State Drives (SSD), USB flash drives, storage tapes, Compact Disc (CD), Digital Versatile Disc (DVD), and Redundant Array of Independent Disks (RAID). There are a large number of forensic data recovery solutions available in the market. However, these solutions differ in reasoning, approach, and price. A typical forensic data recovery tool may take hours to weeks to recover and costs between a few dollars to thousands per hard disk, depending on the number of hours involved, travel costs, and court appearance fees as an expert witness.

Table Of Content

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. MARKET SHARE ANALYSIS, 2016
3.4. PORTER’S FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

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