Computer Forensic Technologies and Services Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

After a period of sustained slowdown in forensic market, digital disruption has reshaped the computer forensic technology. The industry witnessed impressive growth over the last five years. Latent print analysis, chemical analysis, trace evidence analysis, explosive analysis, questioned document examinations (QDE) and tool market identification are some of the examples of forensic analysis. Furthermore, government contracts along with transparency in process execution have boosted the computer forensic technologies market.

Rise in crime is expected to spur the demand for computer forensic technologies and services market worldwide

Rise in crime activities globally will stimulate the need of computer forensic technologies and services hence augment the market growth. According to World Health Organization (WHO) each year, 250 thousands homicides occur and are projected to increase mainly in MEA and Asia Pacific region. In addition, innovative services and technological advanced forensic equipment offered by key players has increased the usage of these equipment and services by forensic laboratories which is expected to drive the market growth. For instance, cartridge and bone fragments are gaining prominence over other traditional means of forensics. Moreover, companies such as Computer Forensic Services (CFS) and eDirect Impact offer line of integrated services ranging from data recovery, to forensic imaging which would further stimulate the use of these services hence drives the market growth. However, regulatory compliances along with complexity in initial setup are key concern to industry.

Market Taxonomy:

Coherent Market Insights has segmented the industry by

  • Products
  • Services

The market of computer forensic technologies and services is segmented on the basis of:

  • By Products
    • DNA Testing
    • Biometric Testing
    • Ballistic Forensic
    • Digital and Computer Forensic
    • Others
  • By Service
    • Laboratory Forensic
    • Forensic Consulting
    • Others

North America leads the forensic technologies and services market with over 800 thousand reported crime rate

Geographically, North America represents the largest market of computer forensic technologies and services. U.S. is expected to account for over 90% of the regional market followed by Canada. The growth of this market is mainly attributed to advancement in technologies coupled with rising need for forensic technologies and services in North America. Efforts of domiciled key companies to offer novel products further stimulate the use of forensic technologies and services. For example, in January 2015, Illumina, Inc. announced the expansion of its comprehensive next generation sequencing portfolio with the introduction of HiSeq 3000/4000 Systems and HiSeq X Five System. These systems offer cost effective option for high throughput laboratories to establish production scale sequencing. Thus, introduction of cost effective and innovative forensic systems in this region will fuel the utilization of forensic technologies and services market.

Europe is the next largest market for computer forensic technologies and services. The region is characterized by industry mergers and acquisition For instance, in June 2011, IntegenX, Inc. partnered with Key Forensics Sciences Ltd. (KFS). The move allows KFS to access IntegenX’s RapidHIT 200 Early Access Program. This in turn has enabled KFS to expand company’s forensic services across United Kingdom. In addition, Asia-Pacific is the emerging markets and holds immense growth opportunities for computer forensic technologies and services. Key initiatives by government towards healthcare infrastructure and control over crime related activities is expected to boost overall computer forensic technologies and services market in Asia-Pacific regions.

Some of the key companies that provide computer forensic technologies and services include Agilent Technologies, Inc., Creative Forensic Services, eDirect Impact, LLC, Capsicum Group LLC, Computer Forensic, Inc., Illumina, Inc., BAE Systems plc,  and others.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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