Latin America Forensic Technologies And Services Market Competitive Analysis, Future Prospects Forecast To 2027

Precision Business Insights published a research report on “Latin America Forensic Technologies and Services Market: By technology (Biometric Testing, DNA Testing, Digital and Computer Forensic, Ballistic Forensic, Others), By Services (Forensic Consulting, Laboratory Forensic and Others) and Geography - Global/Region/Country Forecast to 2027".

In the courtroom, forensic technology has evolved into a powerful tool. It is used to investigate criminal activity. The global forensic technologies market is expected to develop due to rising crime rates and a growing demand to solve complex crimes utilising modern technology. Government measures, such as financing to encourage forensic research, would also contribute to the market's growth. However, the market's expansion would be limited by the doubtful accuracy of the data obtained through the application of these technologies. These technical breakthroughs aided the market by lowering the cost of practical applications, increasing the affordability of forensic applications in many industries and, as a result, their market penetration. The growing use of DNA profiling and other fingerprint technology has given forensic testing a lot of attention. With a huge number of crimes occurring each year, the United States continues to be on top. This has resulted in an increase in the number of forensic laboratories in the United States, with the number of perfume forensic laboratories expanding from 470 in 2000 to roughly 540 in 2010. The annual aggregate budget of the top 50 publicly sponsored forensic crime labs in the United States is roughly $365 million.

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The Latin America Forensic Technologies and Services Market is growing due to the growing acceptance of digital forensics in the information technology sector. According to estimates from various forensic experts, in 2015, North America accounted for 8% of corporate crimes, Latin America accounted for 17%, Western Europe accounted for 23%, the Middle East accounted for 6%, Eastern Europe accounted for 16%, Africa accounted for 11%, and Asia Pacific accounted for 21%. DNA profiling is critical in solving crimes that would otherwise be believed impossible to solve. This is a primary driver of the DNA profiling segment's growth, which is likely to continue during the forecast period.

Based on service type, the market is fragmented into Chemical Analysis, Fingerprint Analysis, DNA Profiling, Firearm Analysis and Other Service. Based on Product, the market is segmented into Biometric Devices, Digital Forensic, DNA Testing, Ballistic Forensic and Other Products.

Due to the rising number of violent crimes in the region, North America is likely to have a dominating position in the worldwide forensic technology and services market over the forecast period. According to a report by the Federal Bureau of Investigation (FBI), there were 16,214 murder cases registered in the United States in 2018, but no negligent manslaughter cases.

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There are some major players working in latin america forensic technologies and services market, which include Agilent Technologies (U.S.) eDirect Impact, LLC (U.S.) Creative Forensic Services (U.S.) Computer Forensic, Inc. (Canada) BAE Systems plc (U.S.) Illumina, Inc. (U.S.)

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