Digital Forensics Market Analysis By Regional, Outlook, Competitive Landscape Strategies And Forecast 2027

 

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.