Digital Evidence Management Market Study Offering Insights on Latest Advancements, Trends & Analysis from 2021 to 2030

In a recent published report, Kenneth Research has updated the market report for Digital Evidence Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151387

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Digital Evidence Management Market products.

Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151387

In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Digital Evidence Management Market over the period 2019-2026.

Market Synopsis

The Global Market for Digital Evidence Management is Estimated to Reach a Market Value of USD 8.58 billion by 2024 registering a 13.19% CAGR During the Forecast Period 2019 – 2024. The market is growing due to the rising adoption of digital technology by government and law enforcement agencies to manage digital evidence efficiently. An increasing rate of cybercrimes is another major factor driving the demand for digital evidence management solutions. The improving efficiency of investigation processes is another factor that drives the adoption of digital evidence management solutions by law enforcement authorities.

The Final Report will cover the impact analysis of COVID-19 on this industry:Download Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151387

Digital evidence is a piece of information stored electronically, that is valuable for investigation purpose, which can be acquired mostly from computers, mobile devices, and the Internet. Digital evidence management is the automated process of collecting, storing, securing and disseminating evidence that may be gathered digitally from electronic documents, emails, text messages, transactions, mobile phone images and videos from crime scenes, body worn camera videos, CCTV footages, automated number plate recognition systems, audio recordings, browsing histories, social media and various other sources. The utilization of digital evidence management solutions has increased in recent years owing to the rising crimes in various countries.

The justice and public safety community in nearly every country recognize the compelling requirement for managing digital evidence procured in terms of storing, transcribing, and securing the considerable amount data gathered from the wide range of devices. Moreover, another important challenge that law enforcement agencies face is the authenticity of the digital evidence that may be dismissed in the court during any case trial. Public prosecutors are responsible for proving that the evidence is authentic and has not been tampered with.

Digital evidence management solutions gradually resolve these challenges by securely collecting, storing, processing, retrieving, and presenting digital evidence for investigations. Furthermore, digital evidence management systems build a central repository of digital information and make it accessible through different platforms across global locations. Digital evidence management solutions speed up the editing and releasing of files for prosecutors to speed up the judicial process.

Download free Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151387

Law enforcement agencies such as the Automated Regional Justice Information System (ARJIS), the San Diego Police Department, the Federal Bureau of Investigation (FBI), London Metropolitan Police, The International Criminal Police Organization (Interpol) and various other police forces are leading the way by adopting digital evidence management solutions, thereby promoting market growth. Insurance enterprises are also adopting digital evidence management solutions for the verification of insurance claims in case of fire and road accidents. Further, government initiatives and support to enforce national security by adopting these solutions also foster market growth. For instance, in the year 2018, the Indian government passed an order under Information Technology Act allowing agencies such as Central Bureau of Investigation (CBI), National Investigation Agency (NIA), and others to intercept, monitor, and decrypt digital information.

However, the lack of skilled professional staff and complexities associated with cyber crimes are some of the major challenges that digital evidence management players are expected to face in the coming years.

Key Players

Panasonic Corporation

IBM Corporation

Oracle Corporation

Hitach iLtd

Vidizmo LLC

NICE Systems Ltd

Motorola  Inc.

AccessData Group LLC

Micro Systemation AB

Digital Detective Group

OpenText Corporation

QueTel Corporation

Porter Lee Corporation

SoleraTec LLC

Foray Technologies

WatchGuard

Coban Technologies Inc.

Global Digital Evidence Management Market, 2018-2024 (USD Billion)

Segmentation

By component, the market has been segmented on the basis of hardware, software, and services.

Based on hardware, the market has been segmented on the basis of body worn cameras, vehicle dash cameras, citywide video cameras, drone cameras, and others.

By software, the market has been segmented on the basis of evidence collection, storage and sharing, evidence security, evidence analytics, and visualization.

By services, the market has been segmented on the basis of digital investigation and consulting, system integration, support and maintenance, training and education.

By deployment, the market has been segmented on the basis of cloud, on-premise, and hybrid.

By organization size, the market has been segmented on the basis of large enterprises and SMEs.

By end user, the market has been segmented on the basis of public sector, law enforcement, public safety & justice, and insurance.

Regional Analysis

The market for global digital evidence management is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of the market has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe),  Asia-Pacific (China, Japan, India, Singapore, Australia, and the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).

Download free Sample of This Strategic Report:- https://www.kennethresearch.com/sample-request-10151387

At present, the North American market holds the largest market share owing to the increasing adoption of digital evidence management solutions by the law enforcement agencies in the US, Canada, and Mexico. Furthermore, the region also has the presence of key market players such as Motorola Inc., IBM Corporation, Oracle Corporation, and OpenText Corporation offering digital evidence management solutions to various end users in this region. The market in the US accounts for the largest market share in North America, followed by Canada and Mexico.

Europe region accounted for the second largest market share owing to presence of key market players such as NICE Systems Ltd., Capita PLC, Reveal Media, Micro Systemation AB, and Digital Detective and growing adoption of Digital Evidence Management in countries such as the UK, Germany, France, Spain, Italy, and other European countries. The adoption is dominated by police departments in this region, and the growth rate is expected to be higher in the law enforcement agencies in Europe.

The market in Asia-Pacific accounted for the third-largest market share and is expected to attain the highest growth rate due to the growing number of initiatives taken by the government to secure and manage digital evidence in countries such as China, Japan, India, Australia, Singapore, Malaysia, and other countries in Asia-Pacific.

The Middle East and Africa is expected to achieve substantial growth and presents numerous opportunities for key market players to invest in this region.

Request For Full Report- https://www.kennethresearch.com/sample-request-10151387

Intended Audience

Law enforcement agencies

Digital evidence management system vendors

Digital evidence management service providers

Security and intelligent service providers

Value added resellers

Insurance agencies

Public sector enterprises

Managed Service Providers

Public safety and security providers

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name: Kenneth research
Email:[email protected]
Phone: +1 313 462 0609

Kombucha Market
Dietary Supplement Market
Kitchen Appliance Market
Dietary Supplement Market
Kitchen Appliance Market
Magnet Wire Market

Uncategorized