Portland, OR, May 17, 2022 (GLOBE NEWSWIRE) – According to a report published by Allied Market Research, the global forensics technology market estimated at $ 15.2 billion by 2020 and expected to hit $ 44.3 billion by 2030, registering a CAGR of 11.2% from 2021 to 2030. The report provides an in-depth analysis of leading investment pockets, top winning strategies, drivers and opportunities, market size and forecasting, competition scenario, and various market trends.
Rising crime rates and access to advanced technologies to solve criminal cases are driving the growth of the global forensics technology market. On the other hand, the lack of accuracy of these technologies restricts growth to some extent. However, advances in forensic science and the launch of new technology are expected to create lucrative opportunities in the industry.
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Impact of Covid-19 on the Forensics Technology Market Scenario-
- The global lockout has led to a sharp decline in criminal cases around the world. On the other hand, most investigations into criminal cases have been postponed or stopped due to strict social travel rules imposed by the government during the pandemic. These factors have negatively affected the global forensics technology market, especially in the first phase.
- However, the market is already starting to recover and is expected to recover soon.
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The global forensics technology market is explored across types and regions. By type, the service share generated its highest share in 2020, costing almost three-fifths of the global market. The same section will also mention the fastest CAGR of 11.6% from 2021 to 2030. The report also examines the products segment.
By region, the market across North America will have the largest share by 2020, capturing nearly half of the global market. The Asia-Pacific region, meanwhile, will show the fastest CAGR of 12.4% over the entire forecast period.
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The major market players examined in the global forensics technology market report include 3M COMPANY, Agilent Technologies Inc., Belkasoft, Eurofins Medigenomix Forensik GmbH (Forensic Division of Eurofins Scientific SE), GE Healthcare (A healthcare division of GE company), LGC Limited, Morphotrust USA (Safran SA), Thermo Fisher Scientific Inc., NMS Labs, and Ultra-Electronics Forensic Technology Inc. (Subsidiary of Ultra Electronics Holdings plc.). They follow many strategies including collaboration, expansion, collaboration, joint venture, etc. to prove their expertise in the industry.
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“We have also published some syndicate market studies in the same area that you may be interested in. Below is the title of the report for your reference.considering the Impact of Covid-19 On This Market to help you evaluate the effects of pandemic on short and long term growth trends in this market.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality “Market Research Reports” and “Business Intelligence Solutions.” AMR has a focused vision to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their market areas. AMR offers its services to 11 industry verticals including Life SciencesConsumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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