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Forensic Technologies and Services: A US Market Report

United States forensic technologies market: $21.2 billion industry by 2018


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2014-02-17 16:03:05 - Forensic Technologies and Services: A US Market Report - a new market research report on companiesandmarkets.com

The United States Forensic Technologies market is projected to reach US$21.2 billion by 2018, driven by rising crime rates and increasing sophistication of forensic investigations.

With over 250 million citizens legally owning guns, and with the per capita ownership of guns rising to a high of 6.5, gun violence and homicides continue to rise in the United States. The ´Gun Culture" continues to remain an issue of political debate and social concern in the country. The 2012 Sandy Hook Elementary School shooting and the 2007 Virginia Tech massacre represent the two most deadliest mass-murders witnessed in civilized society.

The lack of adequate gun control legislation is a key factor aggravating the threat of gun violence in the country. Other factors include deterioration

 

 

in parenting and family values, poor diagnosis & treatment of mental illnesses, inadequate mental healthcare system, easy accessibility to guns, economic factors, and rise in cocaine use and drug trafficking. The scenario is triggering perennial demand for forensic ballistic intelligence including toolmark analysis.

The market is also witnessing the rising popularity of digital forensics. In this age of big data, organizations are sharing huge amounts of data and information in the form of email, document management systems, mobile applications, and social media. Computer technology has become an intrinsic part of human life. The exponential rise in mobile Internet connections and increase in electronically stored information (ESI) made possible by heavy-duty mobile computing are leading to increased digital crimes. Against the backdrop of mobile phones emerging as next avenues of digital crime for criminals, mobile forensics has become a subject of significant interest among law enforcement agencies and justice departments. Mobile phone forensics is expected to witness significant investments in R&D and new production development projects.

Forensics as a Service (FaaS) is expected to witness robust growth in the coming years supported by benefits such as, rapid elasticity in terms of storage, cost effective, easy analysis of large volumes of data, access to unlimited processing/computing power, among others. Forensics as a Service (FaaS) helps investigators reduce the time taken for data acquisition, copying, transfer, and cryptanalysis. The cloud based service solution also eliminates the need to invest in expensive forensic tools including servers and related technologies. By eliminating the need to spend on procuring, developing, testing, deploying and evaluating physical forensic implementations, cloud services enable investigators to focus on more strategic issues.

Growth in the United States is led by rising gun violence, digital crimes, terrorist bombings, and government intervention to upgrade crime lab infrastructure and expand criminal DNA database, among others. Forensic Databases, Forensic Consulting and Computer Forensics together represent the largest market segment. DNA Testing, on the other hand, is forecast to emerge as the fastest growing market segment with a projected CAGR of 8.3% over the analysis period. Global Industry Analysts ©

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