Forensic technologies are extensively used to identify and scrutinize physical evidences gathered at the scene of crime. Increase in crime rate across the globe is one of the main factors driving the growth of the global forensic technologies market. The overall market was worth US$8.3 billion in 2012. Rising incidences of crime and terror attacks is expected drive the global forensic technologies market at a CAGR of 12.4% during the period from 2013 to 2019. The market is expected to be valued at US$17.7 billion by the end of 2019. Increased Crime Rate to Boost Global Forensic Technologies Market The recent edition of Global Peace Index 2015 has studied 162 nations in terms of various qualitative and quantitative indicators of violence such as crime rates, conflicts, levels of imprisonments, and others. The index reveals that globally, the crime rate and violence have gone up modestly since 2008. Rise in crime rate and the usage of sophisticated methods by criminals has led to the increased demand for forensic technologies. However, the global forensic technologies market is expected to be restrained owing to regulatory constraints and lack of funds. Though the government sector accounts for a dominant share in the […]
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