Market Analysis - Forensic Research 2017
The global forensic technologies market is growing significantly due to 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 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.
Usage of digital forensics and DNA profiling is a trend in the global forensic technologies market. DNA testing has shown great potential in solving the crime cases. Hence, resulting in its increased adherence in crime investigations. With the remarkable growth of internet in the last decade, internet and computer crimes have also increased many folds. Increasing incidences of cyber-crimes is a major concern across the globe. 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. Recovery of deleted data has been a major challenge for crime investigator. However, with the advent of new digital forensic techniques it has been possible to extract and analyze lost documents and data. The global forensic technologies market is categorized as products and services. Based on product, the forensic technologies market is categorized as fingerprinting/biometric devices, DNA testing, digital forensics, and ballistic forensics. On the basis of services, the global forensic technologies market can be categorized as fingerprinting/biometric analysis services, firearm analysis services, forensic consulting, DNA testing services, and others.
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The U.S. market for forensic products and services was valued at more than $10.9 billion in 2012 and is expected to reach $11.2 billion in 2013. BCC Research projects the market to grow to $16.3 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 7.8% from 2013 to 2018.
The fingerprinting/biometrics segment, estimated to be worth $988 million in 2011, should rise in 2017 to nearly $1.6 billion at a CAGR 9.8%.The smallest segment is estimated to be worth $177 million in 2011 and in 2017 is expected to be worth $260 million, a CAGR of 8%.The segment made up of other products and services is estimated to be worth $8.5 billion in 2011, and in 2017 should be worth nearly $13.1 billion, a CAGR of 9.4%.
Some of the factors driving the growth of the global forensic technologies market are increasing incidences of crime across the globe, technological advancements in forensic techniques, and peer pressure of solving crime cases. In addition, high investigator’s compliance for DNA testing, and increasing demand of mobile forensic techniques are propelling the growth of the global forensic technologies market. On the other hand, lack of skilled professionals and high cost of advanced forensic techniques are some of the factors restraining the growth of the global forensic technologies market to some extent. Geographically, 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.
Statistical Analysis of Associations & Societies
Statistical Analysis of Universities
Statistics which shows growth in importance of Forensic Field
Statistics of Academicians, Researchers and Students working on Forensic science: