The global Forensic Technology market size is estimated at 51.23 billion USD with a CAGR of 13.1% during the forecasted period from 2021-2028.
The global Forensic Technology market size is estimated at 51.23 billion USD with a CAGR of 13.1% during the forecasted period from 2021-2028. A technique used for investigation and discovery of facts surrounding a criminal scene is referred to forensic technology. This is an important tool to examine evidence that can be presented in a court of law. The key factor driving the growth of Forensic Technology market is attributed to growing demand to violentcrimes across the globe. Also, increasing incidences of sexual assault, robbery, gang rape, etc. are likely to expand the market size. Moreover, rapid technical innovations in forensic sector such as DNA profiling, firearm analysis, fingerprinting, etc. to investigate criminal incidences across the globe. IN addition, government funding to assist forensic research is predicted to impel the market throughout the forecast period. Besides, growing popularity of forensic services along with rise in crime rate in emerging economies are uplifting the market size. On the other hand, factors such as high cost associated with the instruments and regulatory concerns are projected to limit the market growth.
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