Rise in Crime Drives the Forensic Technologies and Services Market in the United States, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive US market report on forensic technologies and services. The market for forensic technologies and services in the United States is projected to reach US$21.2 billion by 2018, driven by rising crime rates and increasing sophistication of forensic investigations.

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Forensic Technologies and Services: A US Market Report

San Jose, California (PRWEB) July 03, 2013

Follow us on LinkedIn – Forensic evidence, as gleaned from collection of physical evidences from crime scenes, interpretation of laboratory findings, and presentation of the same in judicial proceedings, plays a pivotal role in criminal investigations. Forensics market has emerged as a dynamic sector of modern economy driven by convergence of social demands and technological change. Growth in the market is governed by rising crime rates, and increasing demand for a full suite of forensic technologies spanning evidence collection, preservation, processing, scientific testing and analysis. Emphasis on security, and stronger role of forensic science in courtrooms, represent other prime factors driving demand for forensic products and services used in connection with criminal and civil proceedings.

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. Proliferation of new and innovative technologies over the last few years has resulted in digital forensics developing into a vital instrument to retrieve digital evidence admissible in the court of law, and to solve crimes committed using computer where evidence resides on a computer.

The massive proliferation of cloud in the IT world is creating an acute need for digital forensics designed for cloud computing. The last couple of years has witnessed steady rise in digital crimes committed using cloud computing resources. Evidence acquisition, examination and analysis in the cloud environment are often difficult and challenging since data in the cloud are remote, distributed, and elastic. Vendors are currently injecting R&D resources into developing forensic tools and techniques that help facilitate forensic examination of clouds. Significant developments in cloud forensics are forecast to emerge in the field of forensic data collection, tools for log monitoring, recovery of data in the cloud, investigations in virtualized environments, and evidence segregation, among others.

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.

As stated by the new market research report on Forensic Technologies and Services, 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.

Major players in the market include ACR Data Recovery Inc., Agilent Technologies, BAE Systems Plc, Capsicum Group LLC, Computer Forensics Inc., Creative Forensic Services, Cyber Agents Inc., Forensics Consulting Solutions LLC, Global Digital Forensics Inc., Horiba Ltd., MorphoTrust USA Inc., Neogen Corporation, Orchid Cellmark Inc., Pyramidal Technologies Ltd., Thermo Fisher Scientific Inc., and Tri-Tech Forensics Inc., among others.

The research report titled “Forensic Technologies and Services: A US Market Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ Million for product markets including Forensic Databases, Forensic Consulting & Computer Forensics, Biometrics/Fingerprinting, DNA Testing, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Forensic_Technologies_and_Services_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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