GRC Viewpoint

Digital Forensics Market, What To Know in 2023?

Throughout the forecast period of 2022-2028, the global market for digital forensics is anticipated to expand at a CAGR of 13.50%.

The focus of the rapidly growing digital forensics is the study, preservation, analysis, and presentation of digital evidence in legal contexts. 

Professionals in this discipline acquire and examine data from digital devices, such as computers, mobile phones, and other types of digital media, using specific procedures and tools.

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In the coming years, digital forensics will play a crucial role in counter terrorism. 

Computer forensics is used by military and defense personnel and experts to evaluate network design and weak points in systems that terrorists might try to access. 

Data theft is tied to national security, which is why significant investments are made in hardware, software, and services to prevent it, leading to its prominence.

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 It is anticipated that the widespread usage of Internet of Things (IoT) devices, together with elements like strict governmental restrictions and an increase in cyberattacks on businesses, will fuel demand for digital forensics software.

Additionally, as businesses throughout the world transition to a digital business model, cloud adoption has increased, pushing BYOD rules to the fore in many sectors. 

Collaboration between teams in various locations has become easier for businesses because of the growth of cloud computing tools that provide access to files and other data from anywhere.

The days of the corona virus have seen tremendous organizational stress and crisis. As a result, additional fraud and misconduct risks have evolved, internal controls are not keeping up with the changing threats, and forensic investigations are now more necessary than ever.

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