DUBLIN, Nov. 9, 2022 /PRNewswire/ — The “Forensics Technology Market By Type: Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to ResearchAndMarkets.com’s offering.
The forensics technology market was valued at $15,216.14 million in 2020, and is projected to reach $44,251.15 million by 2030, registering a CAGR of 11.2% from 2021 to 2030.
The forensic technology includes DNA testing, biometric devices, digital forensics, ballistic forensics, and fingerprinting analysis. Forensic technology helps in the investigation of criminal sites. The various samples collected through investigation are tested with advanced forensic tools. For instance, DNA profiling tools are used to identify individuals on the basis of their unique makeup genetics.
The increased incidence of crimes such as cybercrimes, harassment against women, and homicides majorly drive the market growth. In addition, proactive initiatives taken by government organizations, such as funding to support forensic research, are anticipated to drive the demand for forensic technology across the globe.
Moreover, advancements and improved accuracy of DNA testing tools has boosted the market growth. In addition, rise in pressure on investigating authority to clear backlog cases and outsourcing of case results by government of various countries drive the growth of market.
In addition, initiatives taken by respective governments to control cybercrime contribute in growth of market. For instance, in November 2020the UK government launched a new National Cyber Force (NCF) to tackle the growth in problem of cybercrime. However, the lack of accuracy in the results obtained using these technologies may limit the growth of market.
The forensics technology market is segmented on the basis of type and region. By type, the market is divided into services and products. The services are further divided into DNA profiling, fingerprinting analysis, chemical analysis, firearm analysis, and others. The products are further classified as DNA testing, biometric devices, digital forensics, ballistic forensics, and others. By region, the market is analyzed across North America…