Global Forensic Technologies Market to Show Uptake through 2022, Expects BCC Research in Its Insightful Report Available at MarketPublishers.com
25 Oct 2017 • by Natalie Aster
LONDON – Today, forensic technologies are vital in criminal investigations; they are used for analysis, identification and evaluation of evidence gathered from a crime scene. The key end consumers of forensic technologies are law enforcement agencies and the legal sector. The global market for forensic technologies is set to gain traction through 2022, posting growth at a high CAGR. Some of the important market growth drivers include surging number of crimes worldwide, constantly expanding adoption, escalating demand for DNA testing technology, rising investments in R&D from public and private organisations, amid others. However, the market growth could be restrained by high costs of forensic technologies.
As of 2016, the USA ranked the major coutry-wide market for forensic products and services, which was evaluated at around USD 12.7 billion. It is likely to climb to USD 19.2 billion up till 2022, registering a 7.7% CAGR during 2017-2022.
The DNA testing sector is predicted to increase from USD 1.5 billion in the current year to appr. USD 2 billion in 2022, posting an 8.5% CAGR during 2017-2022.
Meantime, the fingerprinting/biometrics sector is poised to grow from USD 1.3 billion in the current year to reach USD 1.8 billion by 2022, witnessing a 7.5% CAGR over 2017-2022.
Insightful report “Forensic Technologies: New and Growing Markets” by BCC Research offers a deep, comprehensive overview of the global market for forensic technologies. The report includes a detailed market segmentation analysis based on types, applications and regions. Moreover, the report highlights the recently issued patents and discusses their importance, covers the latest industry developments and the most recent technologies. Besides, this insightful report delves deep into the market dynamics and scrutinises the major market growth hinders and drivers. It describes current and outlines future possible trends, points out the emerging growth opportunities and the major challenges. The report also sheds light on the market competitive scenario and profiles the most prominent market players. Future forecasts for the worldwide forensic technologies market up to 2022 are presented here, too.
To get access to other insightful research reports prepared by BCC Research you need to follow this page at MarketPublishers.com.