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Forensic Technology Market Latest Trends, Top Players, Revenue, Share, Size, and Forecast 2032

11-27-2023 10:10 AM CET | IT, New Media & Software

Press release from: Report Ocean

Forensic Technology Market Latest Trends, Top Players,

Report Ocean recently released a comprehensive research report on the global market, emphasizing its potential. The report aims to provide an in-depth analysis of the market, addressing the requirements of various stakeholders such as manufacturers, suppliers, distributors, and investors.

According to Report Ocean , the global market is witnessing a significant rise in revenue from US$ million in 2023 to US$ million by 2032. The market will grow at a significant compound annual growth rate (CAGR) of % during the forecast period from 2023 to 2032.

Introduction

In 2021, the global forensic technology market reached a valuation of US$ 15.2 billion, with projections indicating substantial growth to reach an estimated US$ 39.5 billion by 2030. Marked by a robust Compound Annual Growth Rate (CAGR) of 11.2%, this expansion reflects the increasing utilization of forensic technologies in criminal prosecutions and investigations worldwide.

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Understanding Forensic Technologies

Precision in Crime Solving

Forensic technologies play a pivotal role in processing evidence and samples for criminal prosecutions and investigations. From alternative light photography to DNA fingerprinting, scanning electron microscopy, facial reconstruction, and LA-ICP-MS, these technologies are deployed in various areas of forensic science. They provide reliable and effective outcomes for decoding matters such as disaster victim identification, missing person investigations, and paternity testing.

Factors Influencing Market Growth

Driving Advances in Crime Resolution

Rise in Crime Rates: The surge in crime rates worldwide and the adoption of advanced technologies to solve criminal cases are significant drivers of market growth.
Pressure on Judicial Systems: The mounting pressure on judicial systems to clear previous cases and the outsourcing of case results by governments worldwide propel overall market growth.
Accuracy Challenges: Despite advancements, challenges related to the accuracy of forensic technologies hinder the expansion of the global market.
Effect of the COVID-19 Pandemic

Navigating Challenges Amidst a Global Crisis

The COVID-19 pandemic significantly impacted overall market growth. Lockdowns and social distancing measures led to a decrease in criminal cases globally, and inquiries on criminal cases were often delayed or postponed due to pandemic-related restrictions.

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Regional Insights

North America Leading the Charge

North America: Emerging as the market leader in 2020 and expected to maintain its position from 2022 to 2030. The region benefits from the presence of key players contributing to the development of a robust judicial infrastructure, alongside a rise in criminal cases and corresponding investigations.
Leading Competitors

Front-Runners in Forensic Advancements

Ultra-Electronics Forensic Technology
Thermo Fisher Scientific
Morphotrust USA
NMS Labs
Eurofins Medigenomix Forensik GmbH
LGC Limited
Electronics Holdings
Belkasoft
Agilent Technologies
3M COMPANY
Others (Note: List not exhaustive; request a free sample for a complete list.)
Segmentation Analysis

Tailoring Solutions to Diverse Needs

Type:
Products
Services
Geographical Segmentation:
North America
Europe
Asia Pacific
Middle East & Africa (MEA)
South America
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Table of Contents:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
Key Reasons to Purchase this Report:

Strategic Direction
Comprehensive Analysis
Growth Opportunities
Competitive Landscape
Detailed Company Profiles
Future Market Outlook
Industry Analysis
Value Chain Insights

About Report Ocean

Report Ocean is a renowned market research reports provider, known for its informative research reports. They offer both quantitative and qualitative research results, leveraging the latest technology and analysis tools. Their global network and industry coverage provide in-depth knowledge for informed and strategic business decisions

Contact Report Ocean:

Email: sales@reportocean.com

Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES

Tel: +1 888 212 3539 (US - TOLL FREE)

Website: https://reportocean.us

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