Forensic Technology Market Segmentation and Competitor Analysis Report - Scalar Market Research

In recent years, there is lot of technology advancements in forensics field. Recent advancement in this sector is improvement in metals fingerprint recovery such as bomb fragments and gun cartridges, using color chemistry for identifying biological as well as chemical weapons, and technologies based on sensing are also improving the drugs detection and explosives at security checkpoints. Few more advancements in this sector include greater accuracy in age ascertain when the victim is dead, portable DNA profiling techniques and developments in scanning. Although the forensic technology and related products is quite small as compared to the market for pharmaceutical and biotechnology products, analyses of crime laboratory serve as a critical function and this sector will also expand significantly in the near future.

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The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the forensic technology market. The scope of this report covers the forensic technology market by its major segments, which include the types, applications, and the major geographic regions.

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KEY PREMIUM INDUSTRY INSIGHTS

1. With an objective to investigate crime, forensic technology is extensively used in court of law. Factors that are driving the growth of global market include rising crime rates and use of advance technologies for solving finesse crimes. Also, increasing government initiatives like funding for forensic research is also supplementing the growth of forensic technology market.

2. However, lack of result accuracy while using these technologies is anticipated to hamper the growth of forensic technology market. As Internet is emerging very fast for transfer, communication, as well as storage of sensitive data, there is a rise in Internet related crimes.

3. Hacking secured networks without authorized access and use of data, as well as illegal data compromises creates need for computer forensics technology including tools for analyzing and collecting electronic data which is being used as evidence proof in a court of law. Growing prominence of DNA testing is also driving this market..

Geographically, market for Forensic Technology is segmented into North America, Europe, Asia-Pacific, and Latin America. Among these, North America and Europe regions are expected to grow at faster rate during the forecast period. Various forensic technologies such as biometrics, DNA profiling, and firearms identification are automated and standardized in Europe and North America. However, other regions like Asia-Pacific and RoW have initiated immense DNA databases programs. These regions will grow at faster rate in the next five years.

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