The computer forensics market is expected to increase as a result of the increase in advanced digital crime and terrorist attacks in developing countries. Computer forensics, which refers to the analysis and reporting of digital data for a legal purpose, is the most prominent market within the overall digital forensic market. Computer forensics have become much dynamic in the field of cyber crime, to conduct a structured investigation, to detect hidden facts for accurate investigation results. The researchers use a variety of techniques to inspect and search for hidden, encrypted or deleted files or folders.
Computer forensics have gained widespread popularity in developed regions such as North America and Europe due to technological advances and increased cyber crime rates. While the increase in corporate fraud has increased the demand for computer forensics. The United Kingdom and other European countries, such as Italy and Germany, have observed an increasing trend for computer forensic investigations as the various industries in the region have become more aware of the safety and security of their data. Manufacturers are therefore looking for innovative products and services to strengthen their presence in the market and to meet growing demand. Computer forensics have also become popular in developing countries such as India and China as a result of increased piracy threats and cyber crimes, combined with increased government spending in the digitization of banking, law enforcement, defense and information technology. An increase in disposable income and an increase in the number of educated consumers have also supplemented the growth of the market in the region.
The recommendation of computer forensic investigations as a necessity for good investigations by government organizations has rapidly increased their acceptance rate in both developed and developing economies. For example, to maintain integrity, the governments of different countries including China and Brazil have drawn up new rules based on access to data and fines in the event of data changes or incorrect entries in data records. .
To compete with established players, other manufacturers such as Paraben Corporation, Binary Intelligence and Digital Detectives are planning to develop new forensic computer programs to increase consumer appeal and market share. The major players in the market, such as Access Data Group Inc., Guidance Software, Inc. and LogRhythm Inc. have, however, used economies of scale to meet the rising demand for forensic computing. The established brands have taken over product launch, partnerships and business expansion as their growth strategy to strengthen their position in the market. In February 2015, Access Data Group Inc. announced for example the development of a new improved software version Summation 5.6, which offers case assessment, processing of extensive data and management, final control and transcription management. The main purpose of this product launch was to reveal the improved function of this software among consumers in order to gain popularity in the market. However, the increasing complexity of mobile devices and the increased use of cloud-based applications can hamper the growth of the digital forensic market.
Geographically, North America is the largest market for digital forensic science. Increase in the number of cyber crime and technological progress makes this region favorable for growth in the forecasting period. However, Asia-Pacific is expected to have the maximum growth in the digital forensic products market driven by an increase in cyber crime and an increase in consumer awareness in developing countries such as China and India.