Global Forensic Technologies and Services Market, By Type (DNA Profiling, Biometric/Fingerprint Analysis, Digital Forensic, Chemical Analysis), Services (Laboratory Forensic, FaaS), Geography - Insights, Opportunity Analysis, and Industry Forecast till 2024

Forensic Technologies and Services: Revolutionizing Crime Solving

Advanced technologies in forensics science have been of substantial importance in recent years. Few examples of such advancements include enhanced fingerprint retrieval from metal objects such as gun cartridges and various metal ammunition, role of chemistry to identify the chemical and biological weapons, and integration of various technologies which can improve the detection of various drugs and explosives materials at security checkpoints. Other such advancements in human crimes include portable DNA profiling techniques used at crime scenes, which provides a high accuracy in determining the age of an individual relating to crime, and developments in scanners.

These technological advancements have helped the market with reduced costs in practical applications, which enhances the affordability of forensic applications in various fields and thus, increases their market penetration. Greater use of DNA profiling and other fingerprint technologies have shown a high visibility to forensic testing. US remains on top with large number of crime happening yearly. This has led to the increase in the number of forensic laboratories in the U.S. which perfume forensic study has grown from 490 in 2000 to an estimated 550 in 2010. Noticing top 50 publicly funded forensic crime labs, the annual aggregate budget of such labs is about $360 million. These laboratories analyze hundreds of thousands of samples annually.

The global forensic technologies and services market was valued at US$ 10,035.1 million in 2015 and is expected to witness a CAGR of 12.4% during the forecast period (2016 – 2024).

Figure 1. Global Forensic Technologies and Services Market Share, By Service (%)

forensic technologies and services market

Source: Coherent Market Insights Analysis (2017)

Strengthening Crime Laboratories: Collaboration between Industry and University

In crime laboratories across the U.S., scientists and technicians are working together on increasing the technologies that can be effectively used to bring criminals to justice and prevent the innocent from imprisonment. Advancements to bring new technologies in forensic science research and development (R&D) to solve and increase the reliability and efficiency of forensic testing. Various Institutions are being set up to further increase research related to forensic science. One such institute is National Institute of Justice (NIJ), which invested US$ 127 million between 2009 and 2014 in R&D. National Institute of Justice (NIJ) has entered into partnership with National Science Foundation (NSF) and the National Institute of Standards and Technology (NIST) to develop new technologies in forensic science. In 2014, National Institute of Justice and National Science Foundation collectively introduced an Industry/ University Cooperative Research Center to enhance the university and industry collaboration in forensic science R&D and in education. 

Chemicals Analysis: A Fast Emerging Segment

Chemical analysis is a forensic study that has multiple applications in identification of illegal substances within the criminal justice system. The chemicals usually considered are used to examine the way the atoms and molecules in the sample interact and bond with each other. Forensic experts in the lab use these distinguishing features to identify substances using various advanced methods that can be replicated in the lab and thus, are presentable as evidence in court. Forensic chemistry covers analysis and detection of illegal drugs, explosives and poisons. In forensic drug chemistry, experts use scientific findings to help the jury pursue legal action against the suspected individual of a drug-related crime. The aim of the chemical analysis is to understand and determine whether the material submitted in the laboratories for clinical analysis contains an illegal substance and according, press charges against the guilty.

Forensic science is an application of various scientific applications and techniques usually deployed to investigate criminal cases. According to legal standards of admissible evidence and criminal procedures, forensic technologies are used only in criminal side specifically during criminal investigation. Forensic experts gather, document, and analyze various scientific evidences during the course of investigation.

Forensic technology teams use various advanced technological solutions to recover, search, and analyze large complex data sets. A part of the team of forensic experts visits the crime scene to gather evidence while the rest work at the laboratory and perform analysis on various objects or samples obtained at the crime scene. The samples or objects usually considered for criminal evidence usually include fingerprints. Other samples such as hair or pieces of skin can be used for DNA testing, which can help identify various specifics such as gender and age of the subject.

Market Dynamics

The increasing acceptance of digital forensic in the information technology sector, is fueling growth of the global forensic technologies and services market. For instance, in 2015, according to the estimates, the research conducted by various forensic experts, regions participating in corporate crimes are North America 8%, Latin America 18%, Western Europe 22%, Middle East 5%, Eastern Europe 17%, Africa 10% and Asia Pacific 20%. DNA profiling plays a vital role solving crimes, which are otherwise considered to be extremely difficult to solve. This is a major factor propelling growth of the DNA profiling segment, a trend that is expected to sustain over the forecast period.

Market Taxonomy

This report segments the global forensic technologies and services market on the basis of type, services, and geography. On the basis of type, the forensic technologies and services market is categorized into DNA profiling biometrics/fingerprints analysis, digital forensics, and chemical analysis. On the basis of services, the forensic technologies and services market is categorized into laboratory forensic and forensics-as-a-service (Faas). For comprehensive understanding of market dynamics, the global forensic technologies and services market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key features of the study:

  • This report provides in-depth analysis of the various forensic technologies and its application, market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global forensic technologies and services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
  • Key companies covered as a part of this study include Agilent Technologies, Inc., Creative Forensic Services, eDirect Impact, LLC, Capsicum Group LLC, Computer Forensic, Inc., Illumina, Inc. and BAE Systems plc,
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics
  • The global forensic technologies and services market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for forensic technologies and services, research and consulting firms, new entrants, and financial analysts
  • Various strategy matrices used in analyzing the forensic technologies and services market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

  • Global Forensic Technologies and Services Market, By Type:
    • DNA Profiling
    • Biometric/Fingerprint Analysis
    • Digital Forensic
    • Chemical Analysis
  • Global Forensic Technologies and Services Market, By Services:
    • Laboratory Forensic
    • FaaS
  • Global Forensic Technologies and Services Market, By Geography:
    • North America
      • U.S.
        • U.S. Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • U.S. Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Canada
        • Canada Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Canada Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
    • Europe
      • U.K.
        • U.K. Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • U.K. Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Germany
        • Germany Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Germany Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Italy
        • Italy Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Italy Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • France
        • France Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • France Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Spain
        • Spain Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Spain Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Russia
        • Russia Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Russia Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Rest of Europe
        • Rest of Europe Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Rest of Europe Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
    • Asia-Pacific
      • China
        • China Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • China Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
          • Chemical Analysis
      • India
        • India Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • India Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Japan
        • Japan Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Japan Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • ASEAN
        • ASEAN Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • ASEAN Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Australia
        • Australia Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Australia Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • South Korea
        • South Korea Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • South Korea Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Rest of Asia Pacific
        • Rest of Asia Pacific Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Rest of Asia Pacific Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
    • Latin America
      • Brazil
        • Brazil Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Brazil Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Mexico
        • Mexico Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Mexico Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Rest of Latin America
        • Rest of Latin America Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Rest of Latin America Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
    • Middle East
      • GCC
        • GCC Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • GCC Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Israel
        • Israel Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Israel Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Rest of Middle East
        • Rest of Middle East Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Rest of Middle East Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
    • Africa
      • North Africa
        • North Africa Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • North Africa Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • Central Africa
        • Central Africa Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • Central Africa Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
      • South Africa
        • South Africa Forensic Technologies and Services Market, By Type:
          • DNA Profiling
          • Biometric/Fingerprint Analysis
          • Digital Forensic
          • Chemical Analysis
        • South Africa Forensic Technologies and Services Market, By Services:
          • Laboratory Forensic
          • FaaS
  • Company Profiles
    • Agilent Technologies, Inc. *
      • Company Overview
      • Services Offered
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Creative Forensic Services
    • eDirect Impact, LLC,
    • Capsicum Group LLC
    • Computer Forensic, Inc
    • Illumina, Inc.
    • BAE Systems plc

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Type
      • Market Snippet By Services
      • Market Snippet By Geography
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
    • Industry Trend
    • Mergers and Acquisitions
    • Technology Overview
    • Promotion Initiatives
    • Crime Rates Incidence Ratio
    • Cyber Crime
  4. Global Forensic Technologies and Services Market, By Type, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • DNA Profiling  
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Biometric/Fingerprint Testing
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Digital Forensic
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Chemical/Drug Analysis
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  5. Global Forensic Technologies and Services Market, By Services, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Laboratory Forensic
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • FaaS
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  6. Global Forensic Technologies and Services Market, By Geography, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, For Regions, 2014 - 2024
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • China
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Type, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Services, 2014 - 2024 (US$ Million)
  7. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • Agilent Technologies, Inc.
        • Company Overview
        • Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Creative Forensic Services
        • Company Overview
        • Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • eDirect Impact, LLC
        • Company Overview
        • Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Capsicum Group LLC
        • Company Overview
        • Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Computer Forensic, Inc
        • Company Overview
        • Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Illumina, Inc
        • Company Overview
        • Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BAE Systems plc
        • Company Overview
        • Type Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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