Digital Evidence Management System Market Review, In-Depth Analysis, Research, Forecast to 2024
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.
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.
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 2019, 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.
By component, the Digital Evidence Management System 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.
· 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
· Coban Technologies Inc.
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).
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.
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· 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
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