Forensic Technology Market Report 2025 – For Visionary Product and Strategy Executives
The forensic technology market size has grown rapidly in recent years. It will grow from $20.87 billion in 2024 to $23.48 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to the increased effectiveness of forensic analysis, an increase in the number of crimes, an increase in the demand for DNA testing, increased accuracy and efficiency of DNA analysis, and an increase in the adoption of forensics by private companies. The forensic technology market size is expected to see rapid growth in the next few years. It will grow to $37.36 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to the rising number of cases of homicide, increasing investment in modernizing their forensic capabilities, increasing the number of violent crimes, increasing choice of chemical analysis in drugs, and increasing frequency of cybercrime. Major trends in the forecast p...