PUBLISHER: TechSci Research | PRODUCT CODE: 1796865
PUBLISHER: TechSci Research | PRODUCT CODE: 1796865
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Global Forensic Technology Market was valued at USD 9.88 billion in 2024 and is expected to reach USD 18.59 billion by 2030 with a CAGR of 11.11% during the forecast period. Forensic technology encompasses the scientific methodology of investigating, searching, retrieving, and analyzing evidence collected from crime scenes. This technology empowers users to gather information to address investigations, litigation matters, regulatory compliance, and financial crime requirements. Various procedures and equipment, including data examination and charting tools, record management systems (RMS), closed circuit television (CCTV), license plate recognition (LPR) systems, and DNA confirmation equipment, are employed to conduct forensic investigations. Additionally, advanced technologies such as alternative light photography, which employs blue and orange light filters to assess skin damage, as well as facial reconstruction and drug testing, have become integral components of modern forensic investigations.
Market Overview | |
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Forecast Period | 2026-2030 |
Market Size 2024 | USD 9.88 Billion |
Market Size 2030 | USD 18.59 Billion |
CAGR 2025-2030 | 11.11% |
Fastest Growing Segment | Capillary Electrophoresis |
Largest Market | North America |
Key Market Drivers
Increasing Crime Rate
The increasing crime rate is a significant driver for market growth. Moreover, the level of sophistication in these crimes has contributed to the high demand for advanced forensic technologies across various industries such as banking, healthcare, and telecommunications. The rise in cybercrimes has also boosted the adoption of digital forensic technologies for investigating incidents of procurement fraud, white-collar crimes, and IP infringement. Cybercrime experts utilize technology-based approaches for data preservation, document control, data recovery, and analysis. Additionally, the rapid development of DNA testing technology has positively impacted the market. Procedures like DNA sequencing, magnetic fingerprinting, facial reconstruction, and integrated ballistic systems are widely adopted due to their advantages such as high accuracy, investigator compliance, and greater reproducibility. Furthermore, the implementation of favorable government policies and funding to support forensic research and development (R&D) are expected to have a positive impact on the industry's growth. Several factors drive the growth of the global market for forensics technology. These include an increase in crime rates and the adoption of advanced technologies in criminal investigations. As a result, the market for forensics technology is projected to experience significant expansion. Moreover, advancements in forensic science and the introduction of innovative technologies contribute to the growth of the forensics technology sector. For instance, in November 2020, Agilent Technology Inc., a leading manufacturer of forensic technologies, unveiled a new nanodis system designed for nanoparticle dissolving testing.
Key Market Challenges
Stringent Regulatory Constraints
Stringent regulatory constraints can impede the growth of forensic technology by creating barriers that hinder innovation, research, development, and adoption of new technologies within the field. While regulations are essential to ensure ethical and accurate forensic practices, overly burdensome or inflexible regulations can stifle progress and limit the ability of forensic professionals to leverage cutting-edge tools and techniques. Stringent regulations can lead to lengthy and complex approval processes for new forensic technologies. Delays in obtaining regulatory approvals can hinder the timely implementation of innovative solutions. Meeting strict regulatory requirements can be resource-intensive, requiring significant financial investments and administrative efforts. Small forensic technology companies or laboratories with limited resources may struggle to comply with these costs. Collaborative efforts between forensic professionals, researchers, and technology developers can be hindered by regulatory constraints. Sharing data, expertise, and resources across borders may be limited due to varying regulatory requirements.
Key Market Trends
Advancements in Technology
The continuous advancement of technology, including DNA analysis, digital forensics, and forensic imaging, drives the demand for new and improved tools that offer higher accuracy and efficiency in evidence analysis. As more data is stored in cloud environments, digital forensic tools and techniques have evolved to extract, analyze, and preserve evidence from cloud-based sources. The proliferation of smartphones and other mobile devices has led to the development of specialized tools for extracting and analyzing digital evidence from these devices. With the growth of the Internet of Things (IoT), digital forensics extends to the analysis of data from smart devices, wearables, and interconnected systems. The continuous advancement of technology propels the demand for new and improved forensic tools that enhance evidence analysis, accuracy, and efficiency. This ongoing evolution plays a pivotal role in the progression of the forensic field and its ability to meet the challenges of modern crime investigation and justice.
In this report, the Global Forensic Technology Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Forensic Technology Market.
Global Forensic Technology market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: