Digital forensics aid in supporting the quick and precise investigation of financial frauds and solving cases. The increasing incidences of cybercrimes in the BFSI industry across the globe is driving the growth of the market. As a result, digital forensics is widely used in the telecommunications and information technology (IT) sector, government and enforcement agencies, and banking, financial services and insurance (BFSI) industry. It assists in reducing sampling risk, efficiently tracking down cybercriminals, ensuring integrity, producing evidence in the court, and extracting, processing, and interpreting the factual evidence. Digital forensics deals with the investigation, recovery, evaluation and extraction of evidence from digital sources, such as laptops, computers and mobiles. It is widely used to collect information and prosecute all types of crimes, including financial frauds, thefts, and murder, gain additional evidence, and prevent and suspect further crimes from happening. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2028, exhibiting a growth rate (CAGR) of 9.9% during 2023-2028.ĭigital forensics refer to the process of analyzing, recovering, interpreting and uncovering electronic data. The global digital forensics market size reached US$ 5.8 Billion in 2022.
