COMPUTER FORENSIC TECHNOLOGIES AND SERVICES MARKET ANALYSIS

Regional Analysis

North America leads the forensic technologies and services market with over 800 thousand reported crime rate

Geographically, North America represents the largest market of computer forensic technologies and services. U.S. is expected to account for over 90% of the regional market followed by Canada. The growth of this market is mainly attributed to advancement in technologies coupled with rising need for forensic technologies and services in North America. Efforts of domiciled key companies to offer novel products further stimulate the use of forensic technologies and services. For example, in January 2015, Illumina, Inc. announced the expansion of its comprehensive next generation sequencing portfolio with the introduction of HiSeq 3000/4000 Systems and HiSeq X Five System. These systems offer cost effective option for high throughput laboratories to establish production scale sequencing. Thus, introduction of cost effective and innovative forensic systems in this region will fuel the utilization of forensic technologies and services market.

Europe is the next largest market for computer forensic technologies and services. The region is characterized by industry mergers and acquisition For instance, in June 2011, IntegenX, Inc. partnered with Key Forensics Sciences Ltd. (KFS). The move allows KFS to access IntegenX’s RapidHIT 200 Early Access Program. This in turn has enabled KFS to expand company’s forensic services across United Kingdom. In addition, Asia-Pacific is the emerging markets and holds immense growth opportunities for computer forensic technologies and services. Key initiatives by government towards healthcare infrastructure and control over crime related activities is expected to boost overall computer forensic technologies and services market in Asia-Pacific regions.