According to Digital Forensics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 advancements in forensic technology, such as the ability to recover complex data from electronic devices, fingerprint recovery from metals, and deoxyribonucleic acid (DNA) profiling, have increased the affordability of forensic applications along with their market penetration across the globe. In addition, there has been growing demand from sectors such as law enforcement, banking, information technology and defense, among others, leading to a forecast that the market is expected to reach US$4.97 billion by 2021, at a CAGR of 12.5% through forecast period of 2015 to 2021.
Digital forensics applications can be categorised under law enforcement, healthcare, education, banking, financial services and insurance, information technology, transportation and logistics, defense and aerospace. Law enforcement held the largest share of the market in 2014, due to wide implementation of digital forensic tools by law enforcement officers in suppressing cybercrime worldwide.
Key vendors in digital forensics market include Guidance Software, LogRythm, AccessData Group, Paraben Corporation, Binary Intelligence, Fireeye, Digital Detectives, ASR Data, Lancope, and Global Digital Forensics.
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