December 31, 2019: The global digital forensics market size is expected to reach USD 4.24 billion by 2025, exhibiting a CAGR of 12.3% during the forecast period, according to a new report by Radiant Insights, Inc. Rising internet penetration, advancements in computing technology, and instances of cyberattacks are some of the key growth driving factors. Additionally, increasing demand for sophisticated cybersecurity tools to detect and investigate cyberattacks and financial frauds among large as well as small and medium enterprises is expected to drive the market growth.
Digital forensic tools assist in lost data analysis, reconstruction, and evidence collection from digital devices. Enterprises across the globe focus on adopting these tools to identify and avoid cyberattacks. The enterprises have to follow several regulations and compliances regarding consumer data privacy, such as General Data Protection Regulation (GDPR), California Consumer Privacy Act of 2018 (CCPA), and Personal Information Protection and Electronic Documents Act (PIPEDA), among others. This is expected to encourage the adoption of digital forensic solutions and services.
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The foremost application of digital forensics is found in private and criminal investigation. Factors, such as rising internet penetration, usage of electronic devices, and smart devices, among others have led to a surge in cyberattacks across the globe. Rising intensity of cyberattacks is anticipated to further propel the demand for digital forensic tools over the forecast period. Digital forensics tools are increasingly being used to resolve issues related to cyber threat in the enterprises. The tools aid in investigating data stored in digital devices, examine suspect data, and then use it as a digital evidence in the court.
Further key findings from the report suggest:
• The service segment is expected to expand at the highest CAGR of 13.1% over the forecast period, as the services provide broad reporting capabilities for authenticating the regulatory compliance with security policies for users
• The cloud forensics segment is anticipated to expand at the fastest CAGR of 13.3% over the forecast period, attributed to rising adoption of cloud technologies in enterprises globally, which have led to a rise in number of cyberattacks
• Review and reporting segment is expected to register highest growth over the forecast period as it provides effective evidence analysis and also helps jurists make fact-based decisions
• In BFSI sector, digital forensics solutions and services are being widely adopted owing to increasing number of financial frauds and rising demand to investigate these frauds globally
• North America dominated the market in 2018 and is expected to maintain its dominance over the forecast period, attributed to presence of large number of digital forensics solution and services providers and robust infrastructure for adopting these solution and services
• Key players in the digital forensics market include Guidance Software Inc.; LogRhythm Inc.; Accessdata; Paraben Corporation; FireEye Inc.; Digital Detective Group Limited; MSAB; and Oxygen Forensics Inc.
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About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Digital Forensics Market Business Growth And Future Prospects 2019-2026
Centage’s Maestro Suite enables faster, more accurate budgeting, forecasting, analytics and reporting for small to mid-market organizations.
With over 20 years of experience in the high tech industry, John is the driving force behind the company’s growth and transformation to a leading cloud-based solution provider.
The outlook of the future can be summed up in one single word: change.
Here are five trends I see emerging this year.
Transformation of Budgeting Planning into Year-Round Planning Budgeting solutions will continue their transformation into business-planning platforms that are used by a greater number of stakeholders in the organization, and not just by the financial team for creating a budget.
AI is the Next Frontier for Business-Planning Platforms No doubt there is a lot of talk surrounding AI these days, but when it comes to corporate planning, it will have a definitive and urgently needed role.
It has been estimated that about 10% of all adult Americans get defrauded annually.
Currently, the percentage of Americans liable to fall to fraud every year is on the rise.
It has increased by 34% as revealed by the Federal Trade Commission.
It has also been determined that the bulk of these scams are facilitated through the internet.
We should learn about the ways fraudsters use to penetrate online security.
Sometimes, it could be easy for people to fall victim to hackers who are bent on stealing sensitive data.The activities of cyber criminals have increased in recent years.
The extraction of the deleted mobile phone files can be used for criminal evidence in the primary work of the mobile forensics investigation.https://www.pelorus.in/cellebrites-ufed-must-forensic-investigators/
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Forensic Accounting MarketAccording to the market Research Future (MRFR), The global forensic accounting market is slated to reach a value of USD 9.85 Billion by 2025, recording a CAGR of 8.2% during the review period of 2019–2025.Drivers and RestraintsThe growing adoption of digital tools for investigation and strict regulations and compliance is driving the global forensic accounting market.
Nevertheless, with the advent of advanced technologies like high-level forensic tools and analytics, such as various accounting and auditing tools and cohesive forensic software suite have been developed which are broadly used to streamline the investigation.
Vendors operating in the market is providing tools and solutions in line with the necessities of forensic accountants.
These software tools have to analyze and deliver meaningful data with ease.
Additionally, this software also has primarily used to locate all the data on a computer disk and protect the evidence (data) and thus, aid forensic accountants create reports that can be used for legal proceedings.The adoption of forensic accounting is specifically growing among accounting firms and law enforcement agencies.
All these advances in the market are expected to drive the market forward.Regional AnalysisThe geographic analysis of the forensic accounting market has been conducted for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.North America is expected to be the largest market for forensic accounting during the forecast period.
It is likely that an investment might seem like it's too good to be real.
Also, be cautious of investments that are advertised as having no risk as very few investments are safe.
You are more likely to lose money when you invest in investments that promise higher return.
Signs that fraud is present are the promises of high-quality returns and rapid earnings with low risk.
Many times, we don’t consider how important cyber security is until something bad happens.This may include cyber criminals trying to attack your company by stealing vital information or even money.There are many things that you can use for cyber security, like renting a firewall for your business.Renting is a good practice that you can use for the safety for your business as it will allow you to save some bucks as well as provide protection to your business.You can easily get Firewalls on rent in India without much trouble, just finding the right ones is important along with the services.Here are a few best cyber security practice for your business:Use a firewallOne of the first things that you must consider in regards to cyber security is a firewall.
Getting a firewall for your business will create a barrier between your data and cybercriminals.Firewall Rental Service will allow you to get proper protection for your business.
In addition to that if you are working from home, even then setting up a firewall in your home network is a good idea.Enforce safe password practicesOther than using a firewall, you must enforce safe password practices for all employees.Though 65% of small businessesdo not enforce it due to which they fall prey into the hands of cyber-criminal activities.Not only password protection is important but companies must regularly change it between the gap of 60-90 days.Install anti-malware softwareAll business devices, be it smartphone, laptop, tablet, computer getting an anti-malware software is essential.Most attack happen by clicking on the wrong link and having an anti-malware software will prevent that.Even if you click on the wrong link, it will not allow you to open it and rather block it.Plus, regularly backing up all data is also important in order to prevent as many attacks as possible.Backup must include human resources files, electronic spreadsheets, databases, financial files, accounts receivable/payable files etc.The backup must be stored in a proper and separate location or even in a cloud.Make sure that the backup is regular, in this was you will never lose any data in case of a mishap.Final Words:There are a number of ways through which you can protect your business.
As we know most of the work happens online now a days, having a proper cyber security system is a must.Other than that, you can simply get these security service in a rental form to save some money and hassle of purchasing it.
Are you looking for products and services to achieve your financial goals?
Visit Grand Teton Professionals LLC review.
It is a collected group of talented people who work together to offer tools, products, and services for you to achieve your financial goals and dreams.
It is likely that an investment might seem like it's too good to be real.
Also, be cautious of investments that are advertised as having no risk as very few investments are safe.
You are more likely to lose money when you invest in investments that promise higher return.
Signs that fraud is present are the promises of high-quality returns and rapid earnings with low risk.
Centage’s Maestro Suite enables faster, more accurate budgeting, forecasting, analytics and reporting for small to mid-market organizations.
With over 20 years of experience in the high tech industry, John is the driving force behind the company’s growth and transformation to a leading cloud-based solution provider.
The outlook of the future can be summed up in one single word: change.
Here are five trends I see emerging this year.
Transformation of Budgeting Planning into Year-Round Planning Budgeting solutions will continue their transformation into business-planning platforms that are used by a greater number of stakeholders in the organization, and not just by the financial team for creating a budget.
AI is the Next Frontier for Business-Planning Platforms No doubt there is a lot of talk surrounding AI these days, but when it comes to corporate planning, it will have a definitive and urgently needed role.
It has been estimated that about 10% of all adult Americans get defrauded annually.
Currently, the percentage of Americans liable to fall to fraud every year is on the rise.
It has increased by 34% as revealed by the Federal Trade Commission.
It has also been determined that the bulk of these scams are facilitated through the internet.
We should learn about the ways fraudsters use to penetrate online security.
Sometimes, it could be easy for people to fall victim to hackers who are bent on stealing sensitive data.The activities of cyber criminals have increased in recent years.
Many times, we don’t consider how important cyber security is until something bad happens.This may include cyber criminals trying to attack your company by stealing vital information or even money.There are many things that you can use for cyber security, like renting a firewall for your business.Renting is a good practice that you can use for the safety for your business as it will allow you to save some bucks as well as provide protection to your business.You can easily get Firewalls on rent in India without much trouble, just finding the right ones is important along with the services.Here are a few best cyber security practice for your business:Use a firewallOne of the first things that you must consider in regards to cyber security is a firewall.
Getting a firewall for your business will create a barrier between your data and cybercriminals.Firewall Rental Service will allow you to get proper protection for your business.
In addition to that if you are working from home, even then setting up a firewall in your home network is a good idea.Enforce safe password practicesOther than using a firewall, you must enforce safe password practices for all employees.Though 65% of small businessesdo not enforce it due to which they fall prey into the hands of cyber-criminal activities.Not only password protection is important but companies must regularly change it between the gap of 60-90 days.Install anti-malware softwareAll business devices, be it smartphone, laptop, tablet, computer getting an anti-malware software is essential.Most attack happen by clicking on the wrong link and having an anti-malware software will prevent that.Even if you click on the wrong link, it will not allow you to open it and rather block it.Plus, regularly backing up all data is also important in order to prevent as many attacks as possible.Backup must include human resources files, electronic spreadsheets, databases, financial files, accounts receivable/payable files etc.The backup must be stored in a proper and separate location or even in a cloud.Make sure that the backup is regular, in this was you will never lose any data in case of a mishap.Final Words:There are a number of ways through which you can protect your business.
As we know most of the work happens online now a days, having a proper cyber security system is a must.Other than that, you can simply get these security service in a rental form to save some money and hassle of purchasing it.
The extraction of the deleted mobile phone files can be used for criminal evidence in the primary work of the mobile forensics investigation.https://www.pelorus.in/cellebrites-ufed-must-forensic-investigators/
Are you looking for products and services to achieve your financial goals?
Visit Grand Teton Professionals LLC review.
It is a collected group of talented people who work together to offer tools, products, and services for you to achieve your financial goals and dreams.
security agencies in singaporeIf you are looking at the security agency in Singapore, then AK Global Investigation is one of the best security guard companies in Singapore.
We provide the best security guard service in Singapore.https://investigation-akg.com/about-us/
Forensic Accounting MarketAccording to the market Research Future (MRFR), The global forensic accounting market is slated to reach a value of USD 9.85 Billion by 2025, recording a CAGR of 8.2% during the review period of 2019–2025.Drivers and RestraintsThe growing adoption of digital tools for investigation and strict regulations and compliance is driving the global forensic accounting market.
Nevertheless, with the advent of advanced technologies like high-level forensic tools and analytics, such as various accounting and auditing tools and cohesive forensic software suite have been developed which are broadly used to streamline the investigation.
Vendors operating in the market is providing tools and solutions in line with the necessities of forensic accountants.
These software tools have to analyze and deliver meaningful data with ease.
Additionally, this software also has primarily used to locate all the data on a computer disk and protect the evidence (data) and thus, aid forensic accountants create reports that can be used for legal proceedings.The adoption of forensic accounting is specifically growing among accounting firms and law enforcement agencies.
All these advances in the market are expected to drive the market forward.Regional AnalysisThe geographic analysis of the forensic accounting market has been conducted for North America, Europe, Asia-Pacific, and the Middle East & Africa, and South America.North America is expected to be the largest market for forensic accounting during the forecast period.