Report ID: SQMIG35J2036
Report ID:
SQMIG35J2036 |
Region:
Global |
Published Date: December, 2024
Pages:
165
|
Tables:
153 |
Figures:
78
As the number of criminal cases rises and forensic analysis usage to solve them increases, North America held the largest market share in 2022, accounting for 35.21%. Companies in commerce and the law enforcement agencies in this region are continuously improving their use of forensic services across various industries, such as health care, which uses forensic technologies in public health safety and medical investigations. Advances in forensic procedures remained under continuous development and have improved the precision and efficiency of investigations, thereby expanding further for the market. The region's highly developed healthcare system not only accelerates case resolutions but also enables more effective forensic analysis. Increased demand for forensic services coupled with technological improvement are expected to maintain North America's leadership.
Contrarily, Asia-Pacific is expected to grow at the fastest rate within the forensic technologies industry, with a compound annual growth rate (CAGR) of 11.5% during the forecast period. A growing understanding of the advantages and uses of forensic technology in criminal justice and law enforcement domains is the reason behind this rapid expansion. Growth in demand for security and forensic technology for crime solving is what drives market growth as governments and corporate organizations come to realize the value of such technology. In addition, increasing need for forensic analytics in the region is driven by international services such as Berkeley Research Group (BRG) which reached Singapore in 2020.
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Report ID: SQMIG35J2036