Digital Forensics Market Analysis By Regional, Outlook, Competitive Landscape Strategies And Forecast 2027
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Digital Forensics Market |
The field of Digital Forensics
has developed from investigating small-scale computer crimes to handling
situations with global implications. Recovery and examination of information
from digital devices, frequently pertaining to computer crimes, is a part of
digital forensics.
The majority of forensics is
focused on desktops, laptops, and related media, such as the hard drive, floppy
disc, and optical discs. Mobile phones and other handheld devices, however, are
becoming more and more popular for digital curation and preservation in other
sorts of digital forensics.
The Global
Digital Forensics Market Was Valued At US$ 4,501.0 Mn In 2019 And Is
Expected To Reach US$ 9,453.0 Mn By 2027 At A CAGR Of 10.8% Between 2020 And
2027.
Digital forensics are becoming
more widely used as a result of improvements in the infrastructure of
traditional crime labs, rising corporate sector penetration, and an increase in
cybercrimes and attacks. For instance, the Federal Bureau of Investigation
(FBI) and the Internet Crime Complaint Center (ICC) indicate that 43,300
instances of online identity theft were reported to the IC3 in 2020. The most
common fraud was phishing, with 2,41,342 reports.
Additionally, as businesses all
over the world undergo a digital transformation, cloud adoption has increased,
pushing BYOD rules to the fore in many sectors.
The increased use of cloud
computing services that enable access to files and other data from any location
has simplified work collaboration for teams in many locations for businesses.
Therefore, if a company has more connected devices, there will be more
opportunities for hackers to access the enterprise networks.
Due to the organization's switch
from traditional office practises to work from home environments during
COVID-19, the demand for remote working solutions has increased. Due to these
factors, there has been an increase in the demand for forensic investigations,
additional frauds and misconduct risks have evolved, internal controls are not
keeping up with the changing risks, and there has been tremendous organisational
stress and crisis throughout this time.
Additionally, the COVID-19
epidemic will call for investigative methods that take into account the
changing trends in employee remote working environments and adhere to societal
and legal objectives like social seclusion and self-isolation. The market's
expansion could be hampered by issues such a lack of specialist knowledge, the
use of proprietary operating systems, and the high level of encryption in new
mobile applications. In order to recover and examine the data while preserving
its uniqueness, digital forensics allows the extraction of evidence through the
analysis and evaluation of data from digital devices.
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