Forensic Technology Services in the US - Industry Market Research Report
Description
Forensic Technology Services in the US
The Forensic Technology Services industry provides various forensic services used in criminal investigations. Industry forensic crime labs primarily receive requests from criminal justice agencies. State, county and municipal governments represent the market of industry revenue. Since government agencies are essentially the primary market for services, many industry forensic crime labs rely heavily on tax revenue and robust crime budgets for agencies to outsource work to them. Favorable domestic economic conditions, such as rising per capita disposable income, resulted in increased tax revenue over the past five years. Over the five years to 2023, revenue has grown at an estimated CAGR of 3.7% to $4.2 billion, including stagnant growth in 2023, when profit is expected to jump to 9.6% of revenue, up from 9.3% in 2018.
Companies in this industry provide database forensics and testing services, such as biometrics, fingerprinting and DNA testing. Other testing services include forensic biology, forensic toxicology immunoassay (drug testing), testing for controlled substances and ballistics testing using analytical instruments.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Forensic Technology Services industry provides various forensic services used in criminal investigations. Industry forensic crime labs primarily receive requests from criminal justice agencies. State, county and municipal governments represent the market of industry revenue. Since government agencies are essentially the primary market for services, many industry forensic crime labs rely heavily on tax revenue and robust crime budgets for agencies to outsource work to them. Favorable domestic economic conditions, such as rising per capita disposable income, resulted in increased tax revenue over the past five years. Over the five years to 2023, revenue has grown at an estimated CAGR of 3.7% to $4.2 billion, including stagnant growth in 2023, when profit is expected to jump to 9.6% of revenue, up from 9.3% in 2018.
Companies in this industry provide database forensics and testing services, such as biometrics, fingerprinting and DNA testing. Other testing services include forensic biology, forensic toxicology immunoassay (drug testing), testing for controlled substances and ballistics testing using analytical instruments.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
42 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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