Digital Evidence Management Market Size To Increase By USD 2.65 Billion | Technavio |


NEW YORK, December 28, 2021 / PRNewswire / – The potential difference in the digital evidence management market will be $ 2.65 billion from 2021 to 2026, according to Technavio. The report also identified the market to witness growth acceleration at a CAGR of 8.48% during the forecast period. A comprehensive study of the factors positively and negatively influencing the growth of the market will also be covered in this report.

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Digital Evidence Management Market 2021-2026: Vendor Analysis

The digital evidence management market is fragmented and the degree of fragmentation will accelerate during the forecast period. Suppliers deploy various organic and inorganic growth strategies to compete in the market. Market sellers are focusing more on the growth prospects of fast growing segments, while maintaining their positions in slow growing segments. Companies also engage in strategic partnerships and acquisitions to gain a competitive advantage in the market. For example, in June 2021, International Business Machines Corp. acquired Turbonomic Inc., a provider of application resource management (ARM) and network performance management (NPM) software. In June 2021, Motorola Solutions Inc. has worked with GK Software to accelerate innovation in retail. Likewise, in November 2021, the company acquired Envysion, a leader in enterprise video security and business analytics for the retail industry. Product launches in October 2021, the company launched the APX NEXT smart radio, bringing new information to public safety.

Some of the key companies covered in this report include Cellebrite DI Ltd., Digital Detective Group Ltd., Exterro Inc., Hitachi Vantara LLC, International Business Machines Corp., Motorola Solutions Inc., NICE Ltd., Open Text Corp., Panasonic Corp., Panasonic Corp. and QueTel Corp., among others. Suppliers are launching innovative products and solutions to meet the ever-changing business demands of end-user industries around the world.

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Digital Evidence Management Market 2021-2026: Segmentation Analysis

Software segment accounted for the largest digital evidence management market share in 2021. The segment is expected to contribute the highest growth throughout the forecast period. The growth of this segment can be attributed to the advantages and convenience offered by digital evidence management software. The software allows users to collect digital data, tag it and retrieve it faster. It also records case descriptions and physical evidence descriptions for officers to compare. The software also has analysis capabilities, allowing officers to compare digital photos and study evidence in their spare time.

  • Geography
    • North America
    • APAC
    • Europe
    • South America
    • AEM

APAC will generate growth over all years of the forecast period between 2021 and 2026. 36% of the growth will come from APAC. China and Japan are the key markets for the management of digital evidence in APAC. Market growth in APAC will be faster than market growth in other regions.

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Digital Evidence Management Market 2021-2026: Drivers and Challenges

The growing demand for a consolidated criminal database is particularly driving the growth of the digital evidence management market. Digital Evidence Management enables agencies to gain actionable insights from collected data on crime rates, citizen information, criminal history and homicide reports to reduce crime rates and improve public safety. These software solutions provide detailed data and reduce the cost of investigations by integrating analytics, lead generation and communication technologies. Digital evidence management solutions seamlessly integrate data from multiple agencies to create a consolidated database that can be used for future reference, thereby simplifying decision making.

However, the high costs of implementing and maintaining on-premises digital evidence management solutions may hamper the growth of the market. The cost of digital evidence management solutions includes the cost of software licenses, system design and customization, implementation, IT staff training, maintenance and upgrades. Deploying digital evidence management requires self-assessment, planning, adequate funding, clear vision and cooperation at all levels of management.

For more factors influencing the market, View Outlook report

Digital Evidence Management Market 2021-2026: Scope

The report also covers the following areas:

Digital Evidence Management Market 2022-2026: Highlights

  • Market CAGR during the forecast period 2022-2026
  • Detailed insight into the factors that will contribute to the growth of the Digital Evidence Management market over the next five years
  • Estimation of the Digital Evidence Management market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the digital evidence management market
  • Market competitive landscape analysis and detailed supplier information
  • Complete details on the factors that will challenge the growth of the Digital Evidence Management Market vendors

Associated reports:

Electronic Discovery Software Market by End User, Deployment, and Geography – Forecast and Analysis 2021-2025

Storage Management Software Market by Deployment and Geography – Forecast and Analysis 2021-2025

Software Market by Type and Geography – Forecast and Analysis 2021-2025

Scope of the Digital Evidence Management Market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 8.48%

Market growth 2022-2026

$ 2.65 billion

Market structure

Fragmented

Annual growth (%)

7.64

Regional analysis

North America, APAC, Europe, South America and MEA

Efficient contribution to the market

36% APAC

Main consumer countries

United States, China, Canada, United Kingdom and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

Cellebrite DI Ltd., Digital Detective Group Ltd., Exterro Inc., Hitachi Vantara LLC, International Business Machines Corp., Motorola Solutions Inc., NICE Ltd., Open Text Corp., Panasonic Corp., Panasonic Corp. and QueTel Corp.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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