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The global market for forensic technologies to reach a valuation of more than US$ 80 billion according to new research report

Global forensic technologies market is estimated to be worth US$80.7 bn by 2025, substantially up from its evaluated valuation of US$39.6 bn in 2016.

The global forensic technologies market is a lucrative one, and is slated to exhibit a 8.3% CAGR during the assessment period between 2017 and 2025. Some important factors that are resulting in a spur in the global market for forensic technologies include an increase in the rate of crime, the increased efforts of governments all over the world to stay alert against increasing acts of terror, increasing complexity of crimes being committed and demand for forensic technologies at the scene of crime.

However, there are a number of restraints that are hindering the market growth that include the high cost of instruments required for forensic technologies and regulatory frameworks that are complex. Despite this, the global market for forensic technologies is slated to reach a value of US$ 80.7 Billion by the end of the year 2025, which is substantially more than the estimated value of US$ 39.6 Billion at the end of the year 2016.