The global digital forensics market is set to grow at pace, as computer forensics becomes more important for businesses of all shapes and sizes.
This is the finding of a new report by Transparency Market Research. The company has predicted that the global digital forensics market will grow from its 2014 value of $2.03 billion to reach $4.97 billion by 2021, which represents a CAGR of 12.5 per cent.
The researchers say this substantial growth is “due to rapid advancements in forensic technology, such as the ability to recover complex data from electronic devices”.
At Frenkels Forensics we have witnessed a huge rise in the role of computer forensics within the forensic accounting world. Indeed, a considerable number of cases Frenkels Forensics work on today involve computer forensics – namely accessing digital files to obtain valuable information that can determine the outcome of a case.
That is why Frenkels Forensics has its own in-house computer forensics experts. These skilled personnel are able to analyse all of the information stored within a computer, not just the documents, to determine what actions were performed, when and by whom.
With computers and electronic devices playing such a pivotal part in every day life, almost every act or crime leaves behind a digital trail. As such, Frenkels Forensics is instructed in many cases to produce a report on its own data analysis to prove precisely how an act of cyber crime – or crime involving some form of digital activity – took place and who was responsible.
As Transparency Market Research’s report shows, this is an increasingly important skill with businesses around the world now looking to invest in the required technology and staff to develop expertise in computer forensics – something that Frenkels Forensics has already established.
For expert help with a computer forensics investigation contact Frenkels Forensics for an independent appraisal.
Alternatively, if you’re looking for advice in any aspect of forensic accountancy, then do get in touch via Twitter, Google+, LinkedIn or by visiting our website www.frenkels.com
By Vitek Frenkel – find me via Google+.