Digital Forensic Technology Experiences a Huge Growth

Digital forensic evidence can help prove cybercriminal activities and secure convictions. These technicians can be found in law enforcement agencies, medical facilities, and private companies. This technique is used to analyze digital activity without revealing artifacts, which are digital clues related to digital crimes. It is primarily used in data breach investigations because attackers who are not considered to be insiders usually do not leave behind digital artifacts. Another type of analysis, called cross-drive analysis, correlates information from multiple hard drives and provides context. As more cases involving the use of digital evidence are being submitted to digital forensics, the technology itself has undergone significant change.

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Growing cases of digital crime along with the rise in security concerns across various industries, such as financial institutions, IT and telecom, and retail sector is driving growth of the digital forensic technology market growth. American citizens lost an estimated $11.3 billion to computer security breaches in 2018, according to cybercrime statistics compiled by the Harris Poll. Moreover, emergence of Internet of Things (IoT) and increasing use of computers, smartphones, tablets, and other electronic devices is again contributing to growth of the digital forensic technology market. 

North America is expected to gain significant growth over the forecast period owing to the high incidence of cybercrime in the region. Cybercrime is on the rise in America, with more than 143 million Americans affected by cybercrime in 2017, according to the Norton Cyber Security Insights Report. In the U.S., 57 percent of people surveyed said they or someone they knew had a device (i.e., computer, tablet or smartphone) infected by a virus or other security threat.

Key Developments:

1. In April 2022, Pelorus Technologies launches its Intelligence & Digital Forensics Excellence Center.

2. In June 2021, Exterro Inc., the provider of Legal GRC software specifically designed for in-house legal, privacy, and IT teams at Global 2000 and AmLaw 200 organizations, announced the launch of Forensic Toolkit (FTK) Central, a single platform that seamlessly unites digital forensic investigations and review workflows to address Legal GRC challenges from beginning to end

3. In January 2020, ADF Solutions, the provider of automated forensic software for investigators and lab examiners, announced the launch of new software versions for Digital Evidence InvestigatorⓇ, Triage-InvestigatorⓇ, Triage-G2Ⓡ, and Mobile Device InvestigatorⓇ software.