Tag Archives: CAGR

Forensic Technology Market by Product (DNA Testing, Biometric Devices, Digital Forensics, and Ballistic Forensics), Service (DNA Profiling, Fingerprinting Analysis, Drug Analysis, and Firearm Analysis) – ****** Opportunity Analysis and Industry Forecast, 2016-2023

****** Forensic Technology Market was valued at $9,458 million in 2016, and is estimated to reach $22,905 million by 2023, growing at a CAGR of 13.4% during the study period. Forensic technology is widely used in the court of law with an objective to investigate crime. Increase in crime rates and higher need for solving finesse crimes using advanced technologies are expected to drive the growth of the ****** forensic technologies market. Moreover, rise in government initiatives such as funding to support forensic research supplements the growth of the market. However, lack of accuracy of the results obtained through the use of these technologies are expected to impede the market growth.