Technology market

Global Forensic Technology Market Report 2022-2027: Growing Number of Forensic Science Innovations and Rising Forensic Research Funding – ResearchAndMarkets.com | Nation/World

DUBLIN–(BUSINESS WIRE)–July 25, 2022–

The “Global Forensic Technology Market (2022-2027) by Products, Type, Services, Geography, Competitive Analysis, and Covid-19 Impact with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Forensic Technology Market is estimated to be worth USD 22.14 Billion in 2022 and is projected to reach USD 39.3 Billion by 2027, growing at a CAGR of 12.16%.

Market dynamics are forces that impact pricing and stakeholder behaviors in the global forensic technology market. These forces create price signals that result from changes in the supply and demand curves for a given product or service.

The forces of market dynamics can be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics impact supply and demand curves, policymakers aim to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Company Profiles

Some of the companies covered in this report are Agilent Technologies, Belkasoft, Eurofins Medigenomix, Forensic Fluids.

The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies.

Competitive quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their industry position score and market performance score.

The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global forensic technology market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess approaches in four strategies viz. Market development, market penetration, product development and diversification. The matrix is ​​also used for risk analysis to understand the risk associated with each approach.

The report analyzes the global forensic technology market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis done on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Market dynamics

Drivers

  • Increase the efficiency of DNA testing
  • Growing need for forensic technology deployment
  • Increased Incidences of Crimes

Constraints

  • Lack of precision in the results

Opportunities

  • Growing number of innovations in the field of forensic science
  • Increased funding for forensic research

Challenges

  • Cybersecurity Concerns

Market segmentation

  • By products, the market is categorized into digital and computer forensics, ballistics forensics, and DNA testing.
  • By type, the market is categorized into chemical analysis, DNA profiling, fingerprint analysis, and firearm systems analysis.
  • By services, the market is categorized into laboratory forensics and forensic consulting.
  • By geography, the market is categorized into Americas, Europe, Middle East & Africa, and Asia-Pacific.

Company Profiles

  • AgilentTechnologies
  • Belkasoft
  • Eurofins Medigenomix
  • Forensic Fluids
  • Forensic technology
  • GE Healthcare
  • LGC
  • Neogene
  • NMS Laboratories
  • Forensic SPEX
  • Thermo Fisher Scientific
  • Ultra-electronic forensic technology

For more information about this report visit https://www.researchandmarkets.com/r/9op7q7

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220725005674/en/

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KEYWORD: UNITED STATES MIDDLE EAST AFRICA LATIN AMERICA SOUTH AMERICA CENTRAL AMERICA NORTH AMERICA ASIA PACIFIC EUROPE

INDUSTRY KEYWORD: TECHNOLOGY BIOTECHNOLOGY MOBILE/WIRELESS HEALTH OTHER SCIENCE OTHER TECHNOLOGIES RESEARCH SOFTWARE NETWORKS INTERNET GENETICS SCIENCE DATA MANAGEMENT SECURITY

SOURCE: Research and Markets

Copyright BusinessWire 2022.

PUBLISHED: 07/25/2022 11:35 a.m. / DISK: 07/25/2022 11:36 a.m.

http://www.businesswire.com/news/home/20220725005674/en

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