Digital forensics is a branch of forensic science focusing on identifying, acquiring, processing, analyzing, and reporting data stored electronically. Digital forensics involves collecting electronic evidence from various sources, such as computers, smartphones, remote storage, unmanned aerial systems, and shipborne equipment. Electronic evidence is a component of almost all criminal activities, and digital forensics support is crucial for law enforcement investigations.
STORY OUTLINE
- According to Ken research, the US digital forensics market at a CAGR of ~12% during the forecast period (2023-2028).
- Factors driving the US digital forensics market are laws by government for data protection and increase in online platforms.
- Integration of Internet of things and data analytics are the major reasons for digital forensics market
- Outlook of US Digital forensics market is expected to grow higher until 2028
1. Growth of US Digital forensics market is getting higher with ~12% CAGR.
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Digital forensics has grown from addressing minor computer crimes to investigating complex international cases that significantly affect the world. Digital forensics includes recovering and investigating material found in digital devices, often concerning computer crimes. US Digital forensic market is growing at a CAGR of 12 % from 2021 to 2028.
Majorly due to increase in adoption of digital IOT penetration in corporate sectors and also rise in cyber-attacks. According to the Internet Crime Complaint Center (ICC) and Federal Bureau of Investigation (FBI), 43,300 cases of online identity theft were reported to the IC3. Phishing and similar fraud ranked first, with 2,41,342 complaints.
2. Which are the driving factors for the growth of US digital forensics market?
Major driving factors in US Digital forensics market are use of modern technologies in digital forensics products, increasing cybercrime rates and stringent regulations and compliance requirements. The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and other digital forensics products is one of the major factors driving the growth of the digital forensics market.
In addition, Organizations and law enforcement agencies are investing in advanced digital forensics technologies to investigate and prevent cybercrimes effectively.
The implementation of strict regulations and compliance standards related to data privacy and security, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), is fuelling the demand for digital forensics solutions in North America.
3. Integration of IOT and data analytics are the reasons of
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With the widespread adoption of the internet, smartphones, social media platforms like Facebook, Internet of Things (IoT), GPS, fitness trackers, and even smart cars, it has become increasingly difficult for digital forensics investigators to retrieve digital data. The increase in cloud computing applications providing access to files and other data from anywhere has made collaboration for different teams from different locations simpler for companies. Therefore, if more devices were connected to an enterprise, more sources would be available for hackers to intrude into the enterprise networks.
Conclusion
US Digital forensics market is constantly increasing due to various factors, which are driving in the segment. IoT and data analytics are making the industry grow with ~12% CAGR during the forecast years 2022-2028. The market is expected to grow with this CAGR by 2028. Factors, which are driving, are showing significantly increase in various segments and are resulting in the growth of the market.