After continuous slowdown in the market of forensic, disruption caused in the digital platform have redesigned the CFT or the computer forensic technology. The industry experienced striking development in the last five years. Chemical analyses, latent print analysis, explosive analysis, trace evidence analysis, tool market identification and questioned document examinations (QDE) are kinds of forensic analysis. Moreover, contracts of the government added with transparency in the execution process have fuelled the market of computer forensic technologies (CFT).
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Upsurge in crime is anticipated to outgrowth the need for the market of CFTS (computer forensic technologies and services) across the world
Increase in the activities of crime across the globe will excite the demand of CFTS therefore increase the growth of the market. As per WHO (World Health Organization) every year, 250,000 homicides take place and are estimated to rise especially in the region of MEA and Asia Pacific. Additionally, advanced services and advancement of technology and forensic equipment provided by the main market players has raised the application of the forensic equipment and services by the laboratories which is anticipated to boost the growth of the market. For example, bone fragments and cartridge are ahead in getting importance in comparison to other conservative forensic means. Furthermore, companies like eDirect Impact and Computer Forensic Services (CFS) provide an array of integrated services from recovery of data to forensic imaging which again excite the application of these services thus driving the growth of the market. Though, supervisory agreements with difficulty in the first arrangement are the main concern of the industry.
As per Coherent Market Insights, the industry is divided as
Computer forensic technologies and services market is divided on the basis of:
- By Products
- Biometric Testing
- Digital and Computer Forensic
- Ballistic Forensic
- DNA Testing
- By Service
- Forensic Consulting
- Laboratory Forensic
North America leads the market of forensic technologies and services (FTS) with more than 800,000 reported crime rate
Based on the geography, North America has the major share of the market of CFTS. United States is anticipated to report for more than 90% of the market in the region trailed by Canada. The market growth is especially accredited to technological advancements added with increasing demand for FTS (forensic technologies and services) in North America.
Hard work of the main domiciled companies to provide new products again excites the application of FTS. For example, Illumina, Inc. in January 2015 pronounced the extension of its inclusive next generation portfolio for sequencing with the launch of HiSeq 3000/4000 Systems and HiSeq X Five System. This system provides cost efficient choice for high throughput laboratories to setup sequencing scale for production. Therefore, launch of cost efficient and state-of-the-art forensic system in the region will boost the use of the market of FTS.
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Following North America, Europe is the biggest market for computer forensic products and services. Mergers and acquisitions in the industry are prevalent in the area. For instance, Key Forensics Sciences Ltd. and IntegenX, Inc. joined in June 2011. (KFS). The action enables KFS to gain access to the RapidHIT 200 Early Access Program of IntegenX. As a result, KFS has been able to broaden its forensic services across the United Kingdom. Additionally, Asia-Pacific is a region with developing economies that offers enormous growth potential for computer forensic technologies and services. The government’s major endeavours to improve healthcare infrastructure and combat crime are anticipated to have a positive impact on the Asia-Pacific region’s market for computer forensic products and services.
The main companies that offer CFTS (computer forensic technologies and services) are Agilent Technologies, Inc., Creative Forensic Services, eDirect Impact, LLC, Capsicum Group LLC, Computer Forensic, Inc., Illumina, Inc., BAE Systems plc, and others.
The market is anticipated to increase as a result of government agencies using digital forensics in criminal cases more frequently. For instance, in a significant case in New Jersey where the convicted offered financial assistance to the Islamic State of Iraq and al-Sham, the Federal Bureau of Investigation (FBI) used digital evidence (left on the defendants’ computers and phones) in May 2018. (ISIS).
Additionally, government organisations are concentrating on establishing computer forensics labs, which is anticipated to accelerate the adoption of computer forensics technologies. For instance, on July 22, 2019, the Federal Bureau of Investigation’s Boston Division announced the opening of the New England Regional Computer Forensics Laboratory (NERCFL), sponsored by the FBI, in Chelsea, Massachusetts.
In the area of computer forensics, the area of R&D (research and development) is anticipated to fuel the growth of the market. For example, at Purdue University in July 2019, a team of researchers established a technical process in forensics consisting of ten technical phases for the study of Remotely Piloted Aerial Systems (RPAS) forensic artifacts. The conclusions are anticipated to reduce the intricacy in identifying and investigating drones.
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• Current and future of Computer Forensic Technologies and Services Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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The Computer Forensic Technologies and Services Market is displayed in 13 Chapters:
Chapter 1: Market Overview, Drivers, Restraints and Opportunities
Chapter 2: Market Competition by Manufacturers
Chapter 3: Production by Regions
Chapter 4: Consumption by Regions
Chapter 5: Production, By Types, Revenue and Market share by Types
Chapter 6: Consumption, By Applications, Market share (%) and Growth Rate by Applications
Chapter 7: Complete profiling and analysis of Manufacturers
Chapter 8: Manufacturing cost analysis, Raw materials analysis, Region-wise manufacturing expenses
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast
Chapter 13: Computer Forensic Technologies and Services Research Findings and Conclusion, Appendix, methodology and data source
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