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At 12.4% CAGR, Forensic Technologies & Services Market 2019 | Top Company Revenues, Share, Industry In-Depth Analysis, Size, Emerging Trends, Challenges, Competitive Landscape, Regional Analysis, Forecast to 2024

December 2nd, 2019 Coherent Market Insights Releases

Global Forensic Technologies and Services Market – Insights

Several advanced techniques are in play in forensics science such as fingerprint retrieval, chemical analysis, and portable DNA profiling. These techniques have helped in reducing costs of forensic services.

Get Free Sample Copy at: https://www.coherentmarketinsights.com/insight/request-pdf/367

Global Forensic Technologies and Services Market: Drivers

Increasing number of forensic laboratories is expected to boost growth of the global forensic technologies and services market over the forecast period. For instance, the number of forensic laboratories in the U.S. has grown from 490 in 2000 to an estimated 550 in 2010. Noticing top 50 publicly funded forensic crime labs, the annual aggregate budget of such labs is about US$ 360 million.

Increasing collaboration and investment activities are also expected to propel growth of the global forensic technologies and services market. For instance, during 2009 and 2014, National Institute of Justice (NIJ) invested US$ 127 million in R&D and partnered with National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST) to develop new technologies in forensic science. In 2014, NIJ and NSF collectively introduced an Industry/ University Cooperative Research Center to enhance the university and industry collaboration in forensic science R&D and in education.

The global forensic technologies and services market was valued at US$ 10,035.1 million in 2015 and is expected to witness a CAGR of 12.4% during the forecast period (2016 – 2024).

Browse Full Report with Brief TOC @ https://www.coherentmarketinsights.com/market-insight/forensic-technologies-and-services-market-367

Global Forensic Technologies and Services Market: Segment Analysis

Chemical analysis is used to identify illegal substances within the criminal justice system. The chemicals usually considered are used to assess interaction and bonding of atoms and molecules in a sample with each other. Various advanced methods that can be replicated in the lab and are presentable as evidence in court are used along with the distinctive features to identify substances. Forensic chemistry deals with analysis and detection of illegal drugs, explosives and poisons. Scientific findings are used in forensic drug chemistry to help the jury pursue legal action against the suspected individual of a drug-related crime.

Global Forensic Technologies and Services Market: Competitive Landscape

Major players operating in the global forensic technologies and services market include, Belkasoft, General Electric Company, 3M Company, Agilent Technologies, NMS Lab, Thermo Fisher Scientific Inc., Ultra Electronics Forensic Technology, LGC Limited, and MorphoTrust USA.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Media Contact:

Name: Mr. Raj Shah
Email: sales@coherentmarketinsights.com
Phone: US +12067016702
Country: United States
Website: https://www.coherentmarketinsights.com/
Visit Blog: https://globalindustryresearchblog.wordpress.com/

Other Related Market Research Reports:

  1. Computer Forensic Technologies and Services Market – https://www.coherentmarketinsights.com/ongoing-insight/computer-forensic-technologies-and-services-market-21
  2. Digital Forensics Market – https://www.coherentmarketinsights.com/ongoing-insight/digital-forensics-market-1522

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