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Global Forensic Technologies Market is Expected to Reach USD 17.7 Billion in 2019: Transparency Market Research
Date:11/11/2013

Albany, New York, USA (PRWEB) November 11, 2013

According to a new market report published by Transparency Market Research "Forensic Technologies Market (Physical Crime Forensics, Laboratory Forensics, Portable Forensics, Forensic Tools and Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global forensic technologies/services market was valued at USD 8.3 billion in 2012 and is expected to grow at a CAGR of 12.4% from 2013 to 2019, to reach an estimated value of USD 17.7 billion in 2019.

Browse the full report with complete TOC at at http://www.transparencymarketresearch.com/forensics-technology.html

Forensic science is based on the theory of transfer, i.e. when two objects meet, an evidence of that meeting can be established and verified at a later time. For instance, fingerprints/ shoeprints/tool marks in case of theft/burglary; or in case with DNA profiles, the bits of evidence are miniaturized to the extent of a single skin cell between the suspect and the crime. Thus forensic technologies can be defined as technologies used for the identification, analysis and evaluation of physical evidence gathered from the crime scene. The collected and analyzed forensic evidence is in turn used in criminal law to prove the guilt or innocence of the defendant.

Globally, the DNA profiling is a high growth market segment that is expected to grow at more than 11% CAGR in the forecast period. In forensic technologies/services market, it is widely quoted that DNA profiling has helped solve crimes considered otherwise unsolvable. Technological advances in DNA profiling such as 'miniaturization' and 'microchip technologies' enable forensic testing and analysis of even micro, old, degraded, decomposed DNA samples. Due to thes
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