Forensic Technologies and Services Global Market Report 2023: Growing Caseload of Unsolved Crimes Worldwide to Spur Investments in Forensic Technologies & Services

DUBLIN, May 30, 2023 /PRNewswire/ -- The "Forensic Technologies and Services - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Forensic Technologies and Services Market to Reach $41.5 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Forensic Technologies and Services estimated at US$18.2 Billion in the year 2022, is projected to reach a revised size of US$41.5 Billion by 2030, growing at a CAGR of 10.8% over the analysis period 2022-2030. Services, one of the segments analyzed in the report, is projected to record 11.9% CAGR and reach US$27.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Solutions segment is readjusted to a revised 9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 11% CAGR

The Forensic Technologies and Services market in the U.S. is estimated at US$6.6 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 11% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.3% and 10.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR.

Select Competitors (Total 280 Featured)-

• Agilent Technologies, Inc.
• BAE Systems Plc
• Capsicum Group LLC
• Cellmark Forensics
• Computer Forensics Inc.
• Creative Forensic Services
• Cyber Agents Inc.
• Forensic Pathways Ltd.
• Forensics Consulting Solutions LLC
• Foster + Freeman Ltd.
• Global Digital Forensics Inc.
• Leica Geosystems AG
• MorphoTrust USA Inc.
• Neogen Corporation
• PAPILLON ZAO
• Pyramidal Technologies Ltd.
• SBC Co. Ltd.
• Thermo Fischer Scientific Inc.
• Tri-Tech Forensics Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Rise in Violent Crime Provides the Cornerstone for the Growth of Forensic Technologies and Services
• The Importance of Bringing Perpetrators of Crime to Justice to Prevent Further Occurrence of Crime in Society Cannot be Undermined: Global Murder Rates Per 100,000 People by Country for the Year 2023
• Global Economic Update
• Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
• Although Facing a Lower Recession Risk, Global Economic Growth in 2023 to Slowdown Amid War, Inflation, Elevated Interest Rates & Marginal Easing of Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
• Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
• Competition
• Forensic Technologies and Services - Global Key Competitors Percentage Market Share in 2023 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• Forensic Technologies and Services: Overview & Analysis
• World Brands
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Growing Caseload of Unsolved Crimes Worldwide to Spur Investments in Forensic Technologies & Services
• DNA Profiling, a Technology that Revolutionized Forensic Science, Continues to Witness Strong Growth
• Biometrics Rises in Importance as a Potent Forensic Technology Tool
• Forensic Laboratory Services to Witness Robust Growth
• Rise in Gun Violence Drives Demand for Forensic Ballistics
• Rise in Mass Shootings Steps Up the Urgency to Remain Well Invested in Forensic Ballistic Technology & Solutions: Number of Incidence of Mass Shootings in the United States Resulting in the Death of 4+ People for the Years 2014 to 2023 (YTD)
• Higher Gun Ownerships Result in Higher Gun Related Violence & Death: Top Civilian Gun Holding Countries (Number of Firearms Per 100 Residents) as of the Year 2023
• Cloud Computing Rises in Prominence for Its Ability to Make Forensic Investigations More Efficient & Cost Effective
• AI Enables Breakthrough Capabilities in Forensic Investigations
• Upswing in Innovations in Forensic Technologies Bodes Well for Future Growth of the Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/r/imths2

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SOURCE Research and Markets