COVID-19 is Impact on Forensic Technology Market Value to hit $22,905 million by 2023, at CAGR of 13.4% | 3M Company, Agilent Technologies, Belkasoft, General Electric Company

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According to a new report published by Allied Market Research, titled, "Forensic Technology Market by Product (DNA Testing, Biometric Devices, Digital Forensics, and Ballistic Forensics), Service (DNA Profiling, Fingerprinting Analysis, Drug Analysis, and Firearm Analysis) - Global Opportunity Analysis and Industry Forecast, 2020-2027" The report has offered an all-inclusive analysis of the global Forensic Technology Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

The global forensic technology market was valued at $9,458 million in 2015, and is projected to reach $22,905 million by 2023, growing at a CAGR of 13.4% from 2017 to 2023. Biometric devices segment held more than one-third share of the total market in 2016.

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Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

The report presents in-depth insights into each of Product, Service. verticals along with annual forecasts to 2027. The report provides revenue forecast with sales, and sales growth rate of the global Forensic Technology market. The forecasts are also provided with respect to the Product, Service segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.

The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Top 10 leading companies in the global Forensic Technology market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and Forensic Technology products and services. The key players operating in the global Forensic Technology industry include 3M Company, Agilent Technologies, Belkasoft, General Electric Company, LGC Limited, MorphoTrust USA, NMS Lab, Thermo Fisher Scientific Inc., and Ultra Electronics Forensic Technology.

Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.

Key Benefits:

• The report provides a qualitative and quantitative analysis of the current Forensic Technology market trends, forecasts, and market size from 2020 to 2027 to determine the prevailing opportunities.
• Porter's Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
• Top impacting factors & major investment pockets are highlighted in the research.
• The major countries in each region are analyzed and their revenue contribution is mentioned.
• The market report also provides an understanding of the current position of the market players active in the Forensic Technology industry.

Highlights of the Report:

• Competitive landscape of the Forensic Technology Market.
• Revenue generated by each segment of the Forensic Technology market by 2027.
• Factors expected to drive and create new opportunities in the Forensic Technology industry.
• Strategies to gain sustainable growth of the market.
• Region that would create lucrative business opportunities during the forecast period.
• Top impacting factors of the Forensic Technology market.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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