A quick peek into the report
Table of Contents
|1.1||Scope of the Study|
|1.2.2||Primary Data Sources|
|1.2.3||Secondary Data Sources|
|2.2.1||Increase in the Efficiency and the Value of Forensic Technology|
|2.2.2||Less Time Consuming|
|2.2.3||Reduction in Backlogs|
|2.3.1||Complexity in Mobile Devices|
|2.3.2||Increasing Cost of Data Breaches|
|2.3.3||Non-uniformity in Governmental Regulations|
|2.4.1||Awareness of New Forensic Technologies and Solutions Among the Consumers|
|2.4.2||Increasing Investments in the Forensic Science R&Ds|
|3.1||Key Strategies and Developments|
|3.1.1||Mergers and Acquisitions|
|3.1.2||Partnership, Agreements, and Collaboration|
|3.1.3||Product Launch and Development|
|4.1.1||Association of Firearm and Tool-Mark Examiners (AFTE)|
|4.1.2||Association of Forensic DNA Analyst and Administrators (AFDAA)|
|4.1.3||Australian Academy of Forensic Science (AAFS)|
|4.1.4||Canadian Society of Forensic Science (CSFS)|
|4.1.5||Forensic Science Regulator (FSR)|
|4.1.6||International Association for Identification (IAI)|
|4.1.7||International Association of Computer Investigative Specialist (IACIS)|
|4.1.8||National Forensic Services (NFS)|
|4.1.9||The European Network of Forensic Science Institute|
|5.2||Digital Forensic Technology|
|5.4||DNA Testing / Profiling|
|6.2||Law Enforcement Agencies|
|6.5.1||Banking and Financial Institutions|
|7.2.1||United States (U.S.)|
|7.3.1||United Kingdom (U.K.)|
|7.3.5||Other European Countries|
|7.4||Asia Pacific (APAC)|
|7.5||Rest of the World|
|8.3||Bode Cellmark Forensics|
|8.6||Eurofins Medigenomix GMBH|
|8.9||GE Healthcare & Life science|
|8.14||MSAB / Micro Systemation AB|
|8.15||Oxygen Forensic Inc.|
|8.16||PT&C Forensic Consulting Services|
|8.18||The MITRE Corp.|
|8.19||Thermo Fisher Scientific|
|Table 3.1||Key Mergers and Acquisitions|
|Table 3.2||Key Partnerships, Agreements, and Collaborations|
|Table 3.3||Key Product Launches and Developments|
|Table 3.4||Key Business Expansion Activities|
|Table 5.1||Global Forensic Technology Market – By Type ($Billion) – 2016-2022|
|Table 5.2||Digital Forensic Technology – By Application ($Billion) – 2016-2022|
|Table 5.3||Digital Forensic Technology – By Geography ($Billion) 2016-2022|
|Table 5.4||Ballistic Forensic Technology – By Geography ($Billion)|
|Table 5.5||DNA Testing – By Application ($Billion)|
|Table 5.6||DNA Testing – By Geography ($Billion)|
|Table 6.1||Global Forensic Technology Market ($Billion), by Application, 2015-2022|
|Table 6.2||Digital Forensic Software and Online Tools|
|Table 6.3||DNA Forensic Software and Online Tools|
|Table 7.1||Global Forensic Technology Market by Key Countries, 2016-2022|
|Table 7.2||Forensic Technology Market – North America ($Billion) 2016-2022|
|Figure 7.3||Forensic Technology Market – North America ($Billion) 2016-2022|
|Table 7.3||Forensic Technology Market in North America – by Type ($Billion) 2016-2022|
|Table 7.4||Forensic Technology Market in Europe – by Type ($Billion) 2016-2022|
|Table 7.5||Forensic Technology Market in APAC ($Billion)– by Type 2016-2022|
|Table 7.6||Forensic Technology Market in ROW ($Billion) – by Type 2016-2022|
|Figure 1||Global Forensic Technology Market, 2016-2022|
|Figure 2||Global Forensic Technology Market, By Type – (2016 – 2022)|
|Figure 3||Digital Forensic Technology Market, By Application - 2016|
|Figure 4||Ballistic Forensic Technology Market by Application – (2016-2022)|
|Figure 5||DNA Testing Technology market by Application - 2016|
|Figure 6||Global Forensic Technology by Application – (2016–2022)|
|Figure 7||Global Forensic Technology market by Geography – (2015-2022)|
|Figure 1.1||The Global Forensic Technology Market Scope|
|Figure 1.2||Top Down and Bottom Up Approach|
|Figure 2.1||Global Forensic Technology Market Drivers & Challenges|
|Figure 2.2||Impact Analysis of Market Drivers|
|Figure 2.3||Impact Analysis of Market Challenges|
|Figure 2.4||Impact Analysis of Market Opportunities|
|Figure 3.1||Share of Key Strategies and Developments|
|Figure 4.1||Theory of Identification as it is related to the Tool-marks|
|Figure 4.2||Functions of AFDAA|
|Figure 4.3||Aim of the AAFS|
|Figure 4.4||Aim of CSFS|
|Figure 4.5||Timeline by FSR|
|Figure 4.6||Goals of IAI|
|Figure 4.7||Strengths of IACIS|
|Figure 4.8||Different Forensic Types with Related Services|
|Figure 4.9||Vision of the Organization|
|Figure 4.10||Aims of ENFSI|
|Figure 4.11||Strategic Plan of ENFSI from 2014-17|
|Figure 5.1||Digital Forensic Process|
|Figure 5.2||Digital Forensic Challenges|
|Figure 5.3||Network Forensic Challenges|
|Figure 5.4||Cybercrime Trends as per Internet Organized Crime Threat Assessment 2016|
|Figure 5.5||Computer Forensic Process|
|Figure 5.6||Various Usage of Fingerprinting Technologies|
|Figure 5.7||Process of Fingerprinting Examination|
|Figure 5.8||Ballistic Forensic Technology – By Application ($B)|
|Figure 5.9||Key Legislative Elements for Firearm Analysis|
|Figure 5.10||Advantages and Disadvantages of DNA Profiling|
|Figure 6.1||Global Forensic Technology Market, by Application – (2015-2022)|
|Figure 6.2||Digital Forensic Readiness Program|
|Figure 6.3||High Risk Frauds in Telecommunication Companies|
|Figure 7.1||Geography Segmentation|
|Figure 7.2||Global Forensic Technology Market by Key Countries|
|Figure 7.4||Forensic Technology Market in North America – by Type|
|Figure 7.5||Forensic Technology Market in Europe-by Type|
|Figure 7.6||Forensic Technology Market in APAC – by Type|
|Figure 7.7||Geographical Regions in Rest of the World (ROW)|
|Figure 7.8||Forensic Technology Market in ROW – by Type|
|Figure 8.1||Overall Financials – 2013-2015|
|Figure 8.2||Business Segments – 2013-2015|
|Figure 8.3||Overall Financials – 2013-2015|
|Figure 8.4||Business Segment 2013-2015|
|Figure 8.5||Overall Business 2013-2015|
|Figure 8.6||Business Segment by Geography 2013-2015|
|Figure 8.7||Overall Financials 2013-2015|
|Figure 8.8||Financials by Segments 2013-2015|
|Figure 8.9||Financials by Geography 2013-2015|
|Figure 8.10||Overall Financials 2013-2015|
|Figure 8.11||Financials by Geography 2013-2015|
|Figure 8.12||Overall Financials 2013-2015|
|Figure 8.13||Financials by Segment 2013-2015|
|Figure 8.14||Financials by Geography 2013-2015|
|Figure 8.15||Overall Financials 2013-2015|
|Figure 8.16||Financials by Geography 2013-2015|
|Figure 8.17||Overall Financials 2013-2015|
|Figure 8.18||Overall Financials 2013-2015|
|Figure 8.19||Financials by Business Segments 2013-2015|
|Figure 8.20||Financials by Geography 2013-2015|
|Figure 8.21||Overall Financials 2013-2015|
|Figure 8.22||Financials by Business segment -2013-2015|
|Figure 8.23||Financials by Geography 2013-2015|
With the rising penetration rate of cybercrime on a global scale, there has been an increasing need of forensic advancements in few regions, such as Latin America, Middle East, France, Poland and others. The global forensic technology market is expected to grow over $19.26 billion with an anticipated single digit CAGR of 9.35% through the forecast period. The increasing concern of cyber threats and other illicit activities taking place majorly among the private organizations, has led to an advancement of forensic technologies in the global market with an aim to tackle cybercrime. The development in the market is accredited to the rapid adoption of forensic technologies and equipment such as DNA sequences, magnetic fingerprinting, integrated ballistic systems and others.
The report comprises of the different segments within the global forensic technology market, including market breakdown by the types, application, and different geographical areas. Herein the revenue generated from the major forensic technology types namely: digital forensics, ballistic forensic and DNA testing; and within the application type, namely: law enforcements, enterprise, healthcare and others, is tracked to calculate the overall market size. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the forensic technology market. It also includes the key participants involved in the industry at the relevant sections.
The report puts special emphasis on the market share of the services provided in forensic technology market, owing to the changing paradigms in the industry. The most often used strategy for developing a better hold on to the market has been through the product launches. Moreover, the company profile section highlights significant information about the key companies involved along with their financial positions, key strategies & developmental activities of recent years.
Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (R.O.W.). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global forensic technology market include 3M Cogent, Thermo Fisher Scientific, Micro Systemation, Agile Technologies and others.
Key Questions Answered in this Report
The report answers the following questions about the global forensic technology market:
• What are the different factors driving the market and how will the impact change through the forecast period?
• What are the major factors challenging the growth of global forensic technology market and how can they be addressed through the forecast period?
• How will the market players leverage on key developments such as acquisitions, partnerships, and product launch among others?
• Which region will lead the global forensic technology market by the end of the forecast period?
• What are the prevalent forensic types and what is the market size for each of them?
• What are the prevalent application types and what is the market size for each of them?
• How will the competitive rivalry evolve through the forecast period?
With an aim to sustain within the security industry, new technologies and services are being implemented by private companies as well as the law enforcement agencies for the constant assessment of data related risks to which they are exposed. A wide range of systems are used by today’s leading forensic organizations, enabling them to create, send, search and store data with an aim to efficiently automate the business operations. Hence, there is a need to manage and analyze the data in response to litigation, investigation or regulatory request. These technologies are also aimed in providing assisting to the forensic examiners in developing quick and efficient action plan pertaining to fraudulent and illicit activities. Such responsive measures lead to significant enhancement of the acceptability of the technologies that can tackle cybercrimes, globally. Moreover, these technologies are also aimed at providing a structured examination of data in the court of law as evidence.
Almost on daily basis the headlines are made pertaining to the cyber-attacks on the information systems, both by the internal as well as the external perpetrators and fraudulent activities using tools related to electronic data processing. However, with the diversified use of digital technologies such as computers or mobile devices, especially in the field of white collar crimes, there has been an increase in the demand among the private companies for generating new forensic technologies in the market to tackle cyber related threats.
Forensics is an application for science consisting of methodologies and techniques used majorly by the governmental agencies and the private companies to tackle cyber threats and to identify facts from the cases to be presented during the court of law. The forensic technologies provide with an efficient identification, interpretation and assessment of substantial evidence gathered from the crime scenes. The demand for the forensic technology is further pushed by prominent players within the respective areas of forensics companies such as 3M, LGC Group, Thermo Fisher Scientific, Micro Systemation and others. With the rise in the global rate of cybercrimes, the demand for development of new forensic technologies and solutions has been a major factor for the forensic companies to prioritize the usage of digital devices.
The global forensic technology market was estimated to be $11.26 billion in 2016 and is expected to grow over $19.25 billion in 2022 at a CAGR of 9.35% through the forecast period. The global forensic technology market has a high potential in future owing to the rising demand for innovation in forensic technologies in various applications and sectors. The forensic technology market is expected to progress at a significant rate since the users belong to a diversified application portfolio ranging from law enforcement to healthcare.
Reduction in backlogs, increase in the efficiency and value of forensic technologies and others are some of the factors responsible for the growth of this market. However, the market consists of certain challenges as well which are inhibiting the overall growth for the market, such as lack of awareness, non-uniformed legal regulations, expensive nature of the technologies and others.
The global forensic technology market is deemed to have evolved through several advancements not only in the field of digital forensics, but also in the areas of ballistics and DNA testing. DNA testing segment holds immense potential in the global market due to the increasing dependence of law enforcement agencies on the same. The DNA testing technology dominated the market in 2016, due to the increasing rate of cybercrimes. The digital forensic technologies is deemed to be the fastest growing market due to the adaption on a global scale.
The dynamics of the forensic industry have changed profoundly, owing to the ongoing innovations and advancements in the forensic technology market. The major applications include law enforcement, enterprise, healthcare and others, that have become promising beneficiaries of forensic technology market, making it an indispensable tool to ensure both personal and public safety. The enterprise application continues to be the dominating application, due to a wide range of acceptance of new technologies and solutions by the private companies. Nevertheless, the proliferation of forensic technologies in the market can be due to the law enforcement agencies as they are aimed to provide forensic services and consulting solutions to the private companies and the government entities as well.
The increasing trend and adoption of new forensic technology among various geographical regions has led to decline in the number of cyber threats in the global market. The forensic technology market holds a prominent share in various countries, out of which the North American region currently dominates the market due to the presence of renowned companies such as 3M Cogent and Thermo Fisher Scientific that have introduced new forensic technologies in North American region, the market holds a relatively high share. The APAC region on the other hand is deemed to be the fastest growing market, due to the rising rate of cybercrime.
The competitive landscape for the forensic technology market demonstrates an inclination towards companies adopting strategies such as partnerships & collaborations, and business expansion, among others. The high growth potential and rapidly emerging forensic technologies are attracting various investors. Few of the key players in the industry include 3M, LGC Group, Thermo Fisher Scientific, Micro Systemation and others.