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 –
Key Deliverables in the Study:
1.1 Study Assumptions
1.2 Study Deliverables
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2.1 Growing Digital Crimes
4.2.2 Regulations and Compliances
4.3.1 Need for highly specialized personnel
4.3.2 Limitations of technology
4.4 Industry Attractiveness - Porter's 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products or Services
4.4.5 Competitive Rivalry among Existing Competitors
4.5 Industry Value Chain Analysis
5. Technology Snapshot
6. Europe Digital Forensics Market Segmentation - Market Share, Trends, Forecast (2016-2021)
6.1 By Type
6.2 By Application
6.2.1 Computer Forensics
6.2.2 Mobile Device Forensics
6.2.3 Network Forensics
6.2.4 Cloud Forensics
6.3 By Tool
6.3.1 Forensic Decryption
6.3.2 Data Recovery
6.3.3 Data Capture and Preservation
6.3.4 Forensic Data Analysis
6.3.5 Forensic Analytics
6.4 By Vertical
6.4.1 Government and Law Enforcement
6.4.2 Military and Defense
6.4.5 Retail & Logistics
6.4.6 Telecommunications & IT
6.4.7 Media and Entertainment
6.4.8 Oil & Gas
6.5 By Region
6.5.1 United Kingdom
7. Vendor Market Share Analysis
8. Competitive Landscape - Company Profiles
8.1 Oxygen Forensics, Inc.
8.2 Guardian Digital Forensics
8.3 PCR Digital Forensics
8.6 H-11 DFS
8.7 Stroz Friedberg LLC
8.9 CCL Group Ltd
8.10 Digits LLC
8.11 Kroll Ontrack
8.13 UBIC, Inc
8.14 Guidance Software, Inc.
8.15 Logrhythm, Inc.
9. Investment Analysis
9.1 Recent Mergers and Acquisitions
9.2 Investment Opportunities
10. Future of Europe Digital Forensics Market