About Forensics Products and Services
Products and Services in Forensics forensic science is the application of scientific ideas and methodologies to criminal justice issues, particularly as they relate to the gathering, examination, and analysis of physical evidence. Forensic tools are used to investigate a security breach in some form. They're usually used to collect data on a breach after it's happened, or to examine software to see how it handles an assault. Digital forensics tools are hardware and software that may be used to help recover and preserve digital evidence. Digital forensics technologies can be used by law enforcement to collect and preserve digital evidence as well as support or reject hypotheses in court.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
CAGR | 9.8% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Forensics Products and Services market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danaher Corporation (United States), Thermo Fisher Scientific (United States), GE Healthcare (United States), Agilent Technologies (United States), Eurofins Medigenomix GmbH (Germany), Forensics Consulting Solutions (United States), Forensic Pathways (United Kingdom), LGC Limited (United Kingdom), Neogen Corporation (United States) and Promega Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are NMS Labs (United States), Qiagen (Germany) and SPEX Forensics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Forensics Products and Services market by , Application (Laboratory Forensics (LIMS) and Portable Forensics (FaaS)) and Region.
On the basis of geography, the market of Forensics Products and Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. DNA Profiling will boost the Forensics Products and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product Type, the sub-segment i.e. DNA Testing will boost the Forensics Products and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software solution will boost the Forensics Products and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Advancements In The Traditional Crime Lab Infrastructure and Surge In Popularity Of Digital Forensics
Market Growth Drivers:
Rising Number Of Crime Cases Globally
Challenges:
Technical Limitation Associated To Forensic Products
Restraints:
High Cost Of Installation And Maintenance Product
Opportunities:
Government Favorable Incentive For Developing Product And Services and Increasing Number Of Forensics Laboratories
Market Leaders and their expansionary development strategies
On 3 December 2020 Exterro Inc., the preferred provider of Legal GRC software and the Association of Corporate Counsel’s exclusive Alliance Partner for E-Discovery, Data Privacy and Cybersecurity Compliance, announced it has acquired AccessData, the industry’s leading provider of digital forensic investigation technology.
In September 2023, LeadsOnline LLC announced it has acquired Forensic Technology Inc., a leader in 3-D imagery and automated ballistic identification, from Ultra Electronics. With this transaction, two leading technology companies join forces to provide global law enforcement agencies with enhanced data and tools to advance their cases faster – from thefts to homicides and, particularly, gun crimes.
Key Target Audience
Forensics Products and Services provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.