- The key vendors in the Forensics Products and Services Market in the US 2015-2019 are Agilent Technologies Inc., NMS Labs Inc., Thermo Fisher Scientific Inc. and Ultra Electronics Forensic Technology Inc.
London, 18 March 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Forensics Products and Services Market in the US 2015-2019. One major trend emerging in this market is the acceptance of digital Forensics. Digital Forensics deal with the analysis of information stored on electronic and digital devices for evidence related to a crime. In recent years, demand for digital Forensics has increased because of increase in number of crimes related to computers. The Forensics Products and Services market in the US is expected to grow at a CAGR of 8.61 percent during the forecast period of 2014-2019.
Various technological advancements in forensics such as portable DNA analyzer and facial recognition, biometrics, and other investigation tools have helped to determine cause of death. These improvements in technology have made it convenient to determine causes of an event and thus increased the market penetration of forensics products and services in the US.
The market is expected to witness growth during the forecast period because of increased instances of crime, particularly cybercrimes, drug-related crime, gun violence, terrorist attacks, and data thefts. The development of the market is most likely due to the increased spending of the government on DNA testing and analysis, and biometrics technology.
“Several government entities, including law enforcement agencies, are using social media sites to interact with the public such as updating citizens on community events and spreading awareness about crime trends,” says Faisal Ghaus, Vice President of Technavio Research.
“These sites are increasingly being used by law enforcement agencies to investigate criminal activities and for analytic assessment, intelligence development, criminal investigations, detection of suspicious activities, and situational awareness.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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