The International Demand for Digital Evidence Management Market is expected to hit a business value of USD 8.58 billion by 2024, growing at a 13.19 % CAGR between 2019 and 2024. The industry is expanding as government and law enforcement organizations increasingly use digital technologies to handle digital evidence efficiently.
Digital evidence is information kept electronically that is useful for investigations and can be obtained mostly via mobile devices, computers, and the Internet.
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Almost every country’s judicial and public safety communities realise the compelling need for handling digital evidence obtained in respect of interpreting, storing, and safeguarding the significant amount of data gathered from a wide range of devices.
By securely gathering, processing, retrieving, storing, and displaying digital evidence for investigations, Digital evidence management market services gradually tackle various difficulties. Moreover, digital evidence methods create a central store of digital information that is available via various platforms around the world. Digital evidence management market options accelerate file modification and release for prosecutors.
Government actions and assistance in enforcing national security by implementing solutions also promote market growth. For example, in 2018, the Indian government issued a regulation under the Information Technology Act that authorised organisations such as the National Investigation Agency (NIA), the Central Bureau of Investigation (CBI), and many others to collect, analyze, and decode digital information.
However, a shortage of experienced professional employees and the difficulties involved with cybercrime are some of the significant problems that Digital evidence management market participants are projected to face in the approaching years.
The Digital evidence management market is segmented by component, deployment and organzation size.
The market has been divided into three components, hardware, software, and services. The market has been divided into hardware segments such as body worn cameras, vehicle dash cameras, citywide video cameras, drone cameras, and others.
The market has been divided into software segments based on evidence collection, storage and sharing, evidence security, evidence analytics, and visualisation. The market has been divided into services such as digital investigation and consulting, system integration, maintenance and support, and education and training.
The market has been divided into three deployment types, cloud, on-premise, and hybrid. The market has been divided into two segments based on organisation size, major companies and SMEs.
The global Digital evidence management market is expected to expand at a high rate between 2019 and 2024. The market has been geographically analysed for North America, Europe, Asia-Pacific, and the rest of the world.
Because of the increased implementation of online evidence management solutions by law enforcement agencies in the United States, Canada, and Mexico, the North American market now holds the biggest market share.
Because of the presence of significant market participants such as Capita PLC, Reveal Media, NICE Systems Ltd., and Micro Systemation AB, Europe stood for the second biggest market share.
The Asia-Pacific market estimated to account for the third-largest market share and is predicted to develop at the fastest rate due to a growing range of government projects to secure as well as handle digital evidence in countries like India, Australia, china, Japan, Malaysia, Singapore, and others in Asia-Pacific.
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- North America is likely to have the greatest market share in the worldwide Digital evidence management market.
- The United States is predicted to have the highest market in North America.
- During the projected period, Asia Pacific (APAC) is projected to grow at the fastest CAGR.