Global $19.25 Billion Forensic Technology Market,
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Dublin, March 27, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Global Forensic Technology Market, Analysis & Forecast: 2016 to 2022; (Focus on the Forensic Technology by Type, by Application, and by Geography)" report to their offering. Despite of the intense competition, the industry will grow over $19.25 billion by 2022 at a single digit CAGR through the forecast period, with North America leading the market.
Some of the key companies highlighted in the report are 3M Cogent, LGC Group, Thermo Fisher Scientific, and others With the rising rate of cybercrime on a global scale, there has been an increasing adoption of forensic technologies among the law enforcement agencies and private companies, within various sectors such as healthcare, banking, telecommunication and others. The improvement in the efficiency and value of forensic technologies, and the reduction in the backlogs, has given the much needed drive to the forensic technology market globally.
The major forensic technologies focused in this report are namely; Digital forensics, ballistic forensics, and DNA testing. The report includes market sizing & estimation by application type and by geographical location. The continuous growth in the industry has compelled the analysts to add a detailed chapter on the market dynamics, including the prime driving and restraining forces, along with opportunities for growth and expansion in the global forensic technology market through the forecast period. The growth mechanism indicates that the digital forensic technologies are dominating the market, while the maximum growth is expected to be made by the DNA testing. When it comes to applications in the market, the law enforcements are considered to be the dominating market followed by the healthcare companies, as most of the technologies are used by the governmental bodies for testing and solving cases.
Furthermore, having identified the potential for further development in the form of product launches, partnerships, and events among others, the report has included a separate section on the detailed competitive landscape of the market. With the increase in investment activities in the market, the investment and funding landscape of the industry has also been mapped in the report. Recent activities of the key players in this market have also been tracked in the form of company profiles.
Market Dynamics Market Drivers
- Increase in the Efficiency and the Value of Forensic Technology
- Less Time Consuming
- Reduction in Backlogs
Market Challenges
- Complexity in Mobile Devices
- Increasing Cost of Data Breaches
- Non-uniformity in Governmental Regulations
Market Opportunities
- Awareness of New Forensic Technologies and Solutions Among the Consumers
- Increasing Investments in the Forensic Science R&Ds
Companies Mentioned:
- Agilent Technologies
- Belkasoft
- Bode Cellmark Forensics
- CYFOR
- Cellbrite
- Eurofins Medigenomix GMBH
- Forensic Fluids
- Forensic Pathways
- GE Healthcare & Life science
- InSig
- LGC Group
- M Cogent
- MSAB / Micro Systemation AB
- Magnet Forensics
- Morpho Group
- Oxygen Forensic Inc
- PT&C Forensic Consulting Services
- SIC Biometrics
- The MITRE Corp
- Thermo Fisher Scientific
For more information about this report visit http://www.researchandmarkets.com/research/zc...l_forensic
CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: Computing Services
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