Global Digital Forensics Market to Reach US$4.7 Billion in 2020

08 Apr 2015

​Sony Corporation was coerced to bring in specialist forensics firms Data Forte, Guidance Software, and Protiviti to help investigate the data breaches that compromised user account information of more than 100 million of its customers. This indicates that digital forensics requires a specialized skill set and most companies do not have skilled forensic investigators as a part of their incident response teams.

Many organizations are coming to terms with this reality and are increasingly turning to digital forensics to determine the fastest path to stopping and remediating security threats as swiftly as possible. ABI Research calculates that total revenues for the global digital forensics market will reach US$2.7 billion by the end of 2015. With the increasing prevalence of mobile devices, forensic evidence extracted from mobile as well as other electronic devices is becoming an invaluable source of evidence for investigators. Other areas of digital forensics that are gaining significant traction include network forensics, endpoint forensics, computer forensics, and database forensics. Players like FireEye, CYFOR, Guidance Software, IBM, AccessData Group, Cellebrite, ManTech Cyber Solutions International, and others offer innovative and interesting solutions in the digital forensics market.

“Forensics plays a significant role within an organization, including investigating cybercrimes, reconstructing security incidents, supporting due diligence activities, and identifying malicious insiders. Furthermore, understanding the likely infiltration points of a breach helps to mitigate the damage caused by a compromise,” says Monolina Sen, ABI Research’s Senior Analyst in Digital Security.

“In the coming years, the digital forensics industry is going to grow significantly as we enter a new age of computing shaped by the IoT. Embedded devices in home appliances, entertainment systems, wearable computers, personal health monitors, smart cars, smart buildings etc. are all potential evidence sources and can prove to be useful for event reconstruction when conducting forensic investigations,” adds Sen.

These findings are part of ABI Research’s Cybersecurity Technologies Market Research.

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