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Digital Forensics Market Is Expected to Reach Usd 4.97 Billion in 2021

  • Date Submitted: 08/03/2015 02:57 AM
  • Flesch-Kincaid Score: 33 
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According to a new market report published by Transparency Market Research Digital Forensics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021 the global Digital Forensics market was valued at USD 2.03 billion in 2014 and is expected to reach USD 4.97 billion by 2021, at a CAGR of 12.5% through forecast period.Due to rapid advancements in forensic technology, such as the ability to recover complex data from electronic devices, fingerprint recovery from metals, and Deoxyribonucleic acid (DNA) profiling, decreasing price over period of time, which in turn has increased the affordability of forensic applications along with their market penetration across the globe. In addition, growth in sectors such as law enforcement, banking, information technology, and defense, among others, has been the key driving factor for the market growth during the forecast period from 2015 to 2021.

Browse the full Digital Forensics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at http://www.transparencymarketresearch.com/digital-forensics-market.html

Law enforcement agencies and stakeholders have been using digital forensic tools to reduce crime rates and support investigations in courts of law Moreover, with rapid technological developments; digital forensics is becoming an important asset in analyzing corporate theft in IT, defense and banking sectors. Growing cyber crimes and rising confidentiality issues among different sectors worldwide are primarily bolstering the growth of the market. The market for digital forensics has witnessed substantial economic growth in recent years.

The global Digital Forensics market by types has been segmented broadly into six segments: computer forensics, network forensics, cloud forensics, mobile device forensics, database forensics and others. Computer forensics held the largest share of the market globally in 2014 and accounted for more than 30%, owing to...

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