Digital Forensic Services
If your IT security fails, a digital forensics service comes in to investigate. These services help solve crimes committed with or on computers, such as phishing, bank fraud, and money laundering. In the last five years, IBISWorld says revenue for this industry increased at an annualized rate of 11.9 percent to $976.2M. As consumers spend more time online, the amount of electronically stored information (ESI) will rise exponentially.
There are obstacles. Capital intensity and the rate of technological change are high, so prospective firms have to secure substantial backing to enter successfully. Industry participants will be challenged by the expansion of cloud computing, which allows information to be manipulated, stored and processed from multiple computers. Still, revenue is likely to continue to climb at the rate of 9.1 percent over the next five years.
