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Forensic Technology Market CAGR Attempts To Break Record Estimating By 2026

Forensic technology is widely used in the court of law with an objective to investigate crime. Increase in crime rates and higher need for solving finesse crimes using advanced technologies are expected to drive the growth of the global forensic technologies market.

MangeshPanhale
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Forensic Technology Market CAGR Attempts To Break Record Estimating By 2026

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Forensic Technology Market No. of Pages - 165 Global Opportunity Analysis and Industry Forecast, 2017-2023 Download Report Sample

  2. The global forensic technology market was valued at $9,458 million in 2015, and is projected to reach $22,905 million by 2023, growing at a CAGR of 13.4% from 2017 to 2023. Biometric devices segment held more than one-third share of the total market in 2016. Forensic technology involves the use of data/sample collected from the crime scene.The market has witnessed significant growth in the recent past due to development of new types of technologies to solve crimes. Advent of new technologies such as alternative light photography, ballistic photography and DNA sequencer and rise in incidence of crime are the key factors that drive the market growth. In addition, rise in government initiatives to support forensic research such as funding availability are anticipated to fuel the demand for forensic technologies globally. However, lack of results obtained from these technologies restrict the market growth. Download Report Sample @ https://www.alliedmarketresearch.com/request-sample/2369 Forensic Technology Market Download Report Sample

  3. The drug analysis service segment generated the maximum revenue, accounting for more than one-fourth of the global forensic technology market in 2016. However, DNA profiling segment is estimated to exhibit the highest growth rate of 17.1% during the forecast period. Asia-Pacific is projected to grow at the highest CAGR of 14.8% during the forecast period, owing to surge in crimes such as homicide, sexual harassment, and thefts. In addition, technological advancements to develop cost-effective technologies such as automated fingerprint identification, alternative light photography, and link analysis software present lucrative opportunities for market players in the near future. Inquire before buying @ https://www.alliedmarketresearch.com/purchase-enquiry/2369 Forensic Technology Market Download Report Sample

  4. The Major Key Players Are: • 3M Company • Agilent Technologies Inc. • Belkasoft • Eurofins MedigenomixForensikGmbh • GE Healthcare • LGC Limited • MorphoTrust USA • NMS Labs • Thermo Fisher Scientific Inc. • Ultra Electronics Holdings plc. Forensic Technology Market Download Report Sample

  5. Key Findings of the Forensic Technology Market: • The services segment is expected to grow at a significant CAGR of 15.4%, during the forecast period. • The chemical analysis segment accounted for more than one-fourth share of the global forensic technologies by services market in 2016. • Biometric devices accounted for nearly two-fifths share of the global forensic technologies market by product in 2016. • France and Germany collectively contributed for nearly one-third share of the European forensic technology market in 2016. • Japan is the major shareholder in the Asia-Pacific forensic technology market, accounting for more than one-fourth share in 2016. Forensic Technology Market Download Report Sample

  6. Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Forensic Technology Market Download Report Sample

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