Forensics Technology Market – Portrays high-end demand across major geographies during 2030

The forensic technology market generated $15.21 billion in 2020, and is projected to reach $44.61 billion by 2030, registering a CAGR of 11.2%.

PORTLAND, Oregon, USA, Aug. 21, 2022 /EINPresswire.com/ — According to a report published by Allied Market Research, the global forensic technology market generated $15.21 billion in 2020, and is projected to reach $44.61 billion by 2020. CAGR of 11.2% from 2021 to 2030. The report provides an in-depth analysis of top investment pockets, top winning strategies, drivers and opportunities, market size and projections, competitive landscape, and volatile market trends.

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Forensic techniques have been widely used in criminal investigations due to various advantages such as the use of computer forensics to solve cyber crimes. Forensic techniques include DNA testing, biometric devices, digital forensics, and ballistic forensics. Additionally, fingerprint scanning technology is used to research by identifying finger and palm lines. DNA identification is an advanced technique used for criminal investigation through DNA structure mapping.
Factors driving the growth of forensic technology market size include advancements in forensic technology, increase in criminal cases, and improved judicial infrastructure. Factors such as increasing incidence of crimes such as murder, robbery and cyber crime contribute to the growth of the forensic technology market. For example, according to statistics from Statista, in 2020, 21,570 cases of homicide or non-negligent manslaughter were reported in the United States.

Forensics technology market share is segmented by type and region. On the basis of type, the forensics technology market analysis is mainly segmented into services and products. Services are further segmented into DNA profiling, fingerprinting analysis, chemical analysis, firearms analysis, and others. The products are further categorized as DNA testing, biometric devices, digital forensics, ballistic forensics, and others. The services segment dominated the forensic technology industry market in 2020, and this trend is expected to continue over the forecast period due to the rise in crime rates and advancements in forensic science.

North America accounted for the majority of the global forensic technology market size in 2020, and is expected to remain dominant over the forecast period. This is attributed to the crime rate and the presence of major players for research and development in forensic science in the region. Asia-Pacific is expected to witness attractive growth in the forensic technology industry owing to the rise in crime rates and government initiatives to control crime in the region.

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COVID-19 scenario:

The outbreak of COVID-19 has negatively impacted the growth of the global forensic technology market due to the prevalence of lockdowns in various countries of the world.

Due to the lockdown, there has been a decrease in criminal incidents around the world. In addition, most investigations into criminal cases were either postponed or halted due to strict social distancing restrictions imposed by the government during the pandemic.

However, the market is expected to improve soon.

The report provides detailed segmentation of the global forensic technology market on the basis of type and region.

By type, the services sector held the majority share in 2020, picking up nearly three-fifths of the global market. Moreover, the same segment is expected to quote a rapid CAGR of 11.5% during the forecast period. The report also analyzes the product segmentation.

By region, the market across North America will hold the lion’s share in 2020, accounting for more than half of the global market. On the other hand, the Asia-Pacific region is expected to exhibit the fastest CAGR of 12.2% during the forecast period.

Major market players analyzed in the global forensic technology market report include Morphotrust USA (Safran SA), NMS Labs, Thermo Fisher Scientific Inc., Ultra Electronics Forensic Technologies Inc. (subsidiary of Ultra Electronics Holdings plc), 3M Company, Agilent Technologies. Inc., Belkasoft, Eurofins MedigenomixForensik GmbH (Forensic Division of Eurofins Scientific SE), LGC Limited, GE Healthcare (Healthcare Division of GE Company).

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About Affiliate Market Research:

Allied Market Research (AMR) is the full-service market research and business-consulting arm of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides unmatched quality of “market research reports” and “business intelligence solutions” to global enterprises as well as medium and small businesses. AMR has a targeted approach to providing business insights and consulting to help its clients take strategic business decisions and achieve sustainable growth in their respective market domains. AMR provides its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Manufacturing & Manufacturing, Food & Beverage, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. does

We have professional corporate relationship with various companies and it helps us to dig market data which helps us to generate accurate research data tables and confirms utmost accuracy in our market forecast. Pawan Kumar, CEO of Allied Market Research, has been instrumental in inspiring and motivating everyone associated with the company to maintain high quality of data and help clients achieve success in every possible way. Each and every data presented in the reports published by us is extracted through primary interviews with top executives of leading companies in respective domains. Our secondary data procurement methodology includes in-depth online and offline research and discussions with knowledgeable industry professionals and analysts.

David Correa
Allied Analytics LLP
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