The Europe digital forensic market was valued at USD 0.79 billion in 2016 and is expected to reach USD 1.66 billion by the end of 2022, at a CAGR of 13.40% over the forecast period of 2016-2022.
Digital forensics or computer forensics deal with the activity of collecting, identifying, extracting and analyzing evidence from digital devices such as computers, laptops, hard disks, etc. This type of forensics is used in criminal and civil court cases. The technology is being used in the private sector also, for their internal investigations.
The need for digital forensics in Europe is growing with the increasing illegal activities in the region. Europe has developed a self-investigation tool, “European Anti-Fraud Office”, called OLAF. This tool is used to perform digital investigations on the happenings in the digital environment. Digital forensic tools are being employed in both, civil and criminal cases, for formulating evidence. Attacks on the governments and private companies are increasing with excessive amount of data being stored on hard disks and online storage services. Private companies have started deploying this technology for their internal investigations to deal with fraudulent cases.
Cyber-attacks, industrial espionage, information security breaches, identity fraud, financial fraud and many other illegal activities leave digital fingerprints, which can be used by highly skilled investigators to trace the origin of the attack. The process of collection and extraction is very delicate; highly specialized tools and techniques are used to collect the data with a write blocker, to avoid tampering of the evidence.
The requirement of this technology is growing in civil court cases, due to a phenomenal increase in the use of electronic devices. The need for digital forensics is increasing in every domain, owing to the growing number of attacks. The most common application is in both, criminal and private investigations. An example of this could be, the following-up of an unauthorized network intrusion. A specialist forensic examination into the nature and extent of the attack is performed as a damage limitation exercise. Digital forensics could be used for establishing the extent of intrusion and also identify the attacker. The intent behind digital forensics is to recover the objective evidence of criminal activity.
The growing technological advancements in the forensics department, as well as, the growth in cybercrimes and advance theft mechanisms would encourage investing in the digital forensics market. However, lack of skilled personnel to operate the digital forensic equipment might hinder the growth of the digital forensics market. The other issue with this system is the use of encryption, which disrupts initial examination, where different important evidence may be located using keywords. Laws to compel individuals to disclose encryption keys are still relatively new and controversial.
The major companies in the market that are studied and analyzed in the report include –
- Invitrogen
- Evestigate
- Accessdata
- Forensicon
Key Deliverables in the Study:
- Europe digital forensics market overview with information on drivers and restraints.
- Europe digital forensics market analysis and its applications in the industry.
- Identification of factors responsible for changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale.
- Extensively researched competitive landscape with profiles of major companies along with their market share.
- A comprehensive list of key market players, along with the analysis of their current strategic interests and key financial information.
