Role of Digital Forensics in Corporate Organizations Becoming Increasingly Prominent

by Harry W. Analyst

Digital forensics is mostly used to collect, identify, extract and analyze 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. Moreover, digital forensics has become a key asset in addressing employee theft, particularly in banking, defense, and IT industries. In addition, these devices are used for mobile data recovery and crimes related to cloud computing. With the continuous advancements in forensic technology, investigators are able to collect and analyze clear and accurate data across multiple devices.

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The overall value of the global digital forensics market at US$2.03 bn in 2014. The market, according to the report, will reach US$4.97 bn by the end of 2021 at a positive CAGR of 12.5%.

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.

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Digital forensics market, by Types

> Computer forensics

> Network forensics

> Cloud forensics

> Mobile device forensics

> Database forensics

> Others

Digital forensics market, by Industry use:

> Healthcare

> Education

> Banking, Financial Services and Insurance (BFSI)

> Defense and Aerospace

> Law Enforcement

> Transportation and Logistics

> Information Technology

In the near future, with developments in digital forensic research, digital forensic tools would be further used in health care, education, transport, and other application areas. Moreover, 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. In order to cater to the needs of digital forensics, companies are coming up with new innovative products that can effectively collect, preserve, analyze, and present evidence obtained from digital sources.

Some of the key players in the digital forensics market are Guidance Software, Inc. (U.S.), LogRythm, Inc. (U.S.), AccessData Group, Inc. (U.S.), Paraben Corporation (U.S.), Binary Intelligence (U.S), Fireeye Inc. (U.S.), Digital Detectives (U.S.), ASR Data (U.S.), Lancope, Inc. (U.S.) and Global Digital Forensics (U.S.).

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