According to a new report published by Allied Market Research, the global Forensics Technology Market generated $15.21 billion in 2020 and is expected to reach $44.61 billion by 2030, registering a CAGR of 11.2% from 2021 to 2030. The report provides an in-depth analysis this. of large business portfolios, best winning strategies, drivers and opportunities, market size and strategy, competitive landscape and market dynamics.
What are the upcoming trends of Forensics Technology Market in the world?
Increased incidence of crimes such as cybercrimes, harassment against women, and homicides are the upcoming trends of Forensics technology market.
Which is the largest regional market for Forensics Technology?
North America is the largest regional market for Forensics technology.
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- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
Covid-19 Situation –
- The outbreak of COVID-19 has affected the growth of the technology market for global research, due to the increase in lockdowns in various countries around the world.
- As a result of the closure, criminal cases across the world have decreased. In addition, many criminal investigations have been postponed or suspended due to strict social distancing restrictions imposed by the government during the pandemic.
- However, the market should recover quickly.
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By type, the service sector has the largest share in 2020, attracting almost three-fifths of the global market. Moreover, the same segment is expected to quote the fastest CAGR of 11.5% during the forecast period. The report also examines the product segment.
By region, the North American market took the lion’s share in 2020, accounting for more than half of the global market. The Asia-Pacific region, on the other hand, is expected to show the fastest CAGR of 12.2% during the forecast period.
Major Key Market Players in the Industry –
3M COMPANY,
Agilent Technologies Inc.,
Belkasoft,
Eurofins Medigenomix Forensik GmbH (Forensics Division of Eurofins Scientific S.E.),
GE Healthcare (A healthcare division of GE company),
LGC Limited,
Morphotrust USA (Safran S.A.),
Thermo Fisher Scientific Inc.,
NMS Labs,
Ultra-Electronics Forensics Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.)
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Market: By Region Outlook
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
- LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)
Important Questions Being Answered by This Market Report Are –
What are the upcoming trends of Forensics Technology Market in the world?
Which is the largest regional market for Forensics Technology?
What is the estimated industry size of Forensics Technology?
Which are the top companies to hold the market share in Forensics Technology?
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Key findings of the study –
- Based on type, the fingerprint scanning segment is the largest contributor to the Forensics technology market in 2020.
- Regionally, North America posted the highest revenue in 2020, while Asia is expected to grow at the highest CAGR during the forecast period.
North America accounted for a majority of the global Forensics’ technology market size in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to crime rate and presence of key players for R&D in Forensics science in the region. Asia-Pacific is anticipated to witness lucrative growth in the Forensics technology industry, owing to an increase in crime rate and government initiatives to control crime in the region.
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