Forensic Technology Market Hits USD 40.4 Billion By 2025: By Grand View Research, Inc.
The global forensic technology market is expected to reach USD 40.4 billion by 2025, according to a new report by Grand View Research, Inc. Innovations in forensic science lead to the development of advanced techniques for solving crimes and increasing the efficiency of DNA testing. Government initiatives for achieving progress in research in forensic science, which is critical for public safety, is widening the scope for forensic technologies market growth. For instance, National Institute of Justice (NIJ) entered into a partnership with National Institute of Standards and Technology (NIST), and National Science Foundation (NSF) to develop new techniques. These organizations have also jointly initiated Industry/University Cooperative Research Centers Program that aids in industry and academic collaborations for efficient R&D in forensic science. One of the major contributions by this program includes development of practices for preservation and handling of...