Forensic Technology Market Size

Forensic Technology Market size is poised to reach USD 59 Billion by the end of 2036, growing at a CAGR of 13% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of forensic technology was USD 20 Billion. The reason behind the growth is impelled by rising rate of crime across the globe. Advancements in forensic technology including science Laser ablation, alternative light photography, high-speed ballistic photography, 3D forensic facial reconstruction, and DNA amplification, are just a few of the cutting-edge forensic technology that are revolutionizing are being used effectively in today's criminal investigations to make crime-solving faster and more precise than ever and allow to gain specialized knowledge in fields including bloodstain pattern analysis, weapons evidence, fingerprint analysis, and accident reconstruction by taking one of the program's restricted electives. In 2020, there were over 3 adult women and about two girls for every ten victims of human trafficking that were found worldwide.

The growing popularity of blockchain technology are believed to fuel the forensic technology market growth. Blockchain forensics is the study of looking into criminal activity on the blockchain or by using science and technology to look into cases and provide evidence in civil or criminal court wherein all data is encrypted using cryptography to thwart fraud and hacking.