Digital Evidence Management System Market Size, Analysis, and Forecast Report 2019-2027
Digital Evidence Management System Market: Overview
A digital evidence management system is a solution which helps to manage the digital data generated from police body worn cameras, social media, and other digital evidence sources. Integration of advance technology such as advance content analytics helps to search all structured and unstructured data sources which includes audio and video recordings, databases, incident reports, documents etc. that helps investigators to generate new leads and increase the speed of solving cases. This has accelerated the demand for digital evidence management systems globally. In addition, the increasing trend of wearing body cameras by police or army officers for security purposes has accelerated the market of digital evidence management systems globally. For instance, according to Oracle Corporation, in 2017, nearly 5% of police officers globally utilized body camera. Moreover, the increasing rate of digital crimes is a major factor which drives the need for digital evidence management system solutions. According to TMR analysis, the total cost of cybercrime in the United States was US$17.36 Million in 2017, up from US$17.36 Million in 2016.
Digital Evidence Management System Market: Segmentation
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The global digital evidence management system market can be segmented based on component, deployment model, and region. Based on component, the digital evidence management system market is segmented into hardware, software, and services. On the basis of hardware, the digital evidence management system market is further segmented into body worn cameras, vehicle dash cameras, citywide video cameras, business cameras, drone cameras, and others. By software, the market is segmented into evidence collection, storage and sharing, evidence security, and evidence analytics & visualization. By services, the digital evidence management system market is segmented into digital investigation and consulting, support and maintenance, system integration, and training & education. Based on deployment model, the digital evidence management system market is classified into on-premises and cloud based. The cloud based segment is expected to expand at the highest CAGR during the forecast period. The rising demand to reduce the hardware cost plays a key role in accelerating the demand for cloud based solutions. The cloud based digital evidence management system helps to stream the video or audio evidence or other digital evidence to the connected authorities at remote locations.
In terms of geography, the digital evidence management system market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America held the dominant position in the global digital evidence management system market in 2018 and is expected to retain its dominance throughout the forecast period. The United States and Canada are some of the major countries which drive the market in this region. The increasing adoption of body cameras by the United States police force is one of the key driving factors which accelerates the demand for digital evidence management systems. For instance, according to Oracle Corporation, nearly 20% of police officers in the United States were equipped with body camera. In addition, the market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. China, India, and Japan are some of the major countries which drive the digital evidence management system market in Asia Pacific. Rising government initiatives for adoption or promotion of digitalization have accelerated the growth of the market in this region. In addition, the increasing adoption of cloud based solutions in Asia Pacific countries have provided a growth platform to the digital evidence management system market in this region.
Digital Evidence Management System Market: Key Players
Key players operating in the global digital evidence management system market include AccessData Group LLC, Capita plc., Cellebrite, COBAN Technologies, Digital Detective, Hitachi, Ltd., Information Business Machine Corporation, Matsushita Electric Industrial Co., Ltd., Motorola, Inc., OpenText Corporation, Oracle Corporation, Paraben Corporation, Porter Lee Corporation, QueTel Corporation, Reveal Media Ltd., SoleraTec LLC, VeriPic, Inc., and Vidizmo.
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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis
The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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