Forensic Technologies and Services Market by technology, services and geography. Key Players are Agilent Technologies (U.S.), eDirect Impact, LLC (U.S.), Creative Forensic Services (U.S.), Computer Forensic, Inc. (Canada), Capsicum Group LLC (U.S.), BAE S

Precision Business Insights (PBI) in its report titled “Forensic Technologies and Services Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the forensic technologies and services market revenue growth over forecast period.

The forensic technologies and services market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. Increasing rate of crime across the globe, technological advancements in forensic techniques, and increasing number of forensic laboratories. In addition, increasing demand and awareness for DNA testing are supporting growth of global forensic technologies market. Outsourcing of crime cases by government laboratories to privately held laboratories is creating ample opportunities for private players in global forensic technologies market.

Moreover, increasing number of crime cases along with lack of service providers are creating abundant opportunities for the global forensic technologies market to grow at a considerable rate in the coming years. The advanced research and development of new products and technologies by the major players are propelling the demand for cost effective and efficient forensic techniques. However, due to high cost of forensic equipment’s and procedure might hinder its growth in the near future.

Forensic technologies and services market segmented on the basis of technology, services and region.

Laboratory Forensic Segment Expected to Dominate the Market

Based on service type, forensic technologies and service market is segmented into forensic consulting, laboratory forensic, and others. The laboratory forensics segment accounted for a considerable chunk of share of the global forensic technologies market. This is attributable to effective and efficient results in laboratory settings, as samples can be analyzed without any contamination (most of the pieces of evidence at a crime scene tend to be contaminated). Moreover, technological advancements (adoption of laboratory information management system (LIMS) software to perform multiple tasks at a time) in laboratory settings are expected to augment the market during the forecast period.

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Europe & North America, Accounts for Major Revenue Share for Forensic Technologies and Services Market

Precision Business Insights (PBI) forensic technologies and services market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, Europe and North America lead the global forensic technologies market due to high incidences of crime, technological advancements in forensic sciences, and high investigator’s compliance for advanced forensic techniques such as DNA profiling, firearm analysis, and biometric analysis techniques. In addition, presence of a large number of forensic laboratories drives forensic technologies market in Europe and North America. Asia-Pacific is the fastest growing region in the global forensic technologies market. The major reasons for the fastest growth in the region are increasing crime cases, increasing government funding, and technological advancements. Moreover, the forensic technologies market is growing rapidly due the ongoing DNA data base programs, and rising adoption rate of forensic techniques in emerging economies, such as South Africa and China.

Strategic Collaborations & Partnerships Play Vital Role in Forensic Technologies and Services Market

Major players in forensic technologies market are extensively focusing on the innovation and development of new digital forensic techniques to counter and extract the evidences from computer crimes. For instance, In August 2017, Illumina, Inc. planning partnered with Telegraph Hill Partners (THP), to establish Verogen, Inc., an independent company focus on selling Illumina’s forensic sequencing technology

Key player’s profiles in the report GE Healthcare, Agilent Technologies, Eurofins Medigenomix Gmbh, Pyramidal Technologies Ltd., Life Technologies Inc., SPEX Forensics, NMS Labs Inc., LGC Forensics among others.

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Detailed Segmentation

By Technology Type

o Biometric Testing
o DNA Testing
o Digital and Computer Forensic
o Ballistic Forensic
o Others

By Services Type

o Forensic Consulting
o Laboratory Forensic
o Others

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Gulf Corporation Council Countries(GCCC)
 Rest of MEA

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