Global Digital Evidence Management Market is expected to reach US$ XX Bn by 2026 from US$ 4.11 Bn in 2018 at a CAGR of XX %.
Digital Evidence Management Solution enables law enforcement agencies to manage, store, and analyze ever-increasing digital evidence collected from dashcams, bodycam, CCTV camera, phone call recordings while observing the chain of custody requirements. Digital evidence has increased as courts have allowed the use of various forms of digital records as evidence; These evidence types include camera pictures, phone & audio recordings, electronic documents, mobile phone audio, video recordings, camera pictures and video from various sources such as law enforcement interviews, body camera, and CCTV.
The rise in adoption of digital evidence management solutions among many law enforcement and government agencies, increase in rate of digital crimes, , and growing government initiatives for evidence security, rapid investment in the emerging technologies are some of the driving factors expected to propel the digital evidence management market during the forecast period.
Rising Complexities and use of mobile devices are posing a challenge as well as restraining factor to the growth of digital evidence management market during the forecast period.
Cloud deployment model is likely to account for the larger market share during 2019-2026
Based on deployment model, the cloud deployment model is likely to have larger market share during the forecast period, as it reduces the investigation cost and enables access to the critical data from Smartphone’s as well as desktops. The cloud deployment type helps investigators to enhance their investigation processes. However, the hybrid deployment is likely to reach at a highest CAGR during the forecast period, as the hybrid deployment type offers a mix of cloud services and on-premises. It enables access to evidence from both cloud and on-premises.
Evidence collection, storage, and sharing segment is expected to hold the largest market share during 2019-2026
In case of software segment, the evidence collection, storage, and sharing segment is expected to have the largest market share during the forecast period, owing to the evidence storage, collection, and sharing software helps investigators avoid logging on to different systems, or manually collect data. In addition to this, it also reduces the risk of data loss and data redundancy.
Services segment is expected to record a highest growth rate during the 2019-2026
While using service segment, the services segment is expected to reach at a highest CAGR during the forecast period. Digital evidence management services enable investigators to perform a structured investigation by offering expertise to track the source of a problem, collaborating digital evidence management software, and enhancing the investigation process.
North America is expected to have the larger global digital evidence management market share during 2019-2026
North America is expected to hold the largest market size in the global digital evidence management market during the forecast period. North America is responsible for well-established economies and early adoption of technologies. The US is likely to have the largest market share in North America. Major digital evidence management vendors and law enforcement agencies in the US are willing to use digital evidence management technologies for storing, sharing, and securing the evidence with private companies. While, APAC is expected to reach at a highest CAGR during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Panasonic, Motorola, NICE, AcsessData, MSAB, OpenText, Digital Detective, Cellebrite, Paraben, QueTel, IBM, Oracle, Hitachi, Capita, Vidizmo, Coban, Reveal Media, Porter Lee Corporation, SoleraTec, VeriPIc, FileOnQ, Tracker Products, Intrensic, Foray, WatchGuard etc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the digital evidence management market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the digital evidence management market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain dynamic Digital evidence management market positioning of competitors.
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