Digital Evidence Management Market Trends Factor 2018-2024 By Leading Key Players: Motorola Mobility (a Lenovo Company), Panasonic, IBM, NICE Ltd, MSAB, OpenText, Cellebrite, Oracle, Hitachi, Paraben Corporation, AccessData, WatchGuard Technologies
As of 2017, around 5% of the police officers globally have adopted the body-worn cameras, which is projected to grow rapidly over the forecast period. Furthermore, the evidence collection, storage, and sharing software hold the highest market share, assisting officers in uploading the digital evidence data by ensuring the authenticity and integrity of data. This software is very useful during criminal investigations as it assists in maintaining the integrity of the collected proof during the investigation process. Due to this, the digital evidence management market including the hardware and software is growing at a high rate.
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Digital Evidence Management Market size is projected to grow extensively over the predicted years due to growing digital crime rates and government initiatives to protect evidence and security. In this digital era, a huge content is stored online, leading to increased digital crime rates. The data related to video surveillance footage of internet crimes carries a huge amount of digital evidence and it needs to be managed sensitively, maintaining the integrity of the stored evidence. Hence, the adoption of digital evidence management systems will assist in providing required copies of evidence to the law enforcement personnel without losing the original information, driving the market demand.
With technological advancements mainly in the field of cloud and IoT, the demand for digital evidence management market is anticipated to grow. These technologies assist in integrating the real-time data with cloud for safe storage and instant sharing purposes. This also assists in storing the information effectively for retrieval at a later stage. These solutions offer enhanced scalability and storage, accelerating their adoption in the digital evidence management market.
The increasing number of cyberattacks has also led to the enhanced adoption of digital evidence management solutions. Cybercrime incidents witnessed by enterprises rose from around 82,000 in 2016 to approximately 159,700 by 2017. It is predicted that around 90% of these attacks could have been avoided had the organizations adopted proper cyber hygiene. Hence, more organizations are adopting these solutions, which will drive the market demand. Furthermore, investments made in the digital evidence technologies will also have a positive impact on the market.
Top Key Players in Digital Evidence Management Market:
1. Motorola Mobility (a Lenovo Company)
4. NICE Ltd
10. Paraben Corporation
12. WatchGuard Technologies
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The cloud-based deployment model is expected to hold a higher market presence over the forecast period as it provides easy and quick access to critical digital data through laptops and smartphones. It also reduces the investigation costs, providing improved security, high scalability & flexibility, and real-time data sharing. It also assists the investigators to improve their investigation process, driving the digital evidence management market growth.
North America dominates the global digital evidence management system market being the early adopters of latest technologies. There is also a rising adoption of digital evidence solutions among various law enforcement agencies and governments, boosting the market growth. Moreover, various companies residing in this region are increasing their investment in digital evidence management solutions, accelerating the market demand.
Some of the key players operating in the digital evidence management market are Motorola Mobility (a Lenovo Company), Panasonic, IBM, NICE Ltd, MSAB, OpenText, Cellebrite, Coban, Oracle, Quetel, Hitachi, Vidizmo, Paraben Corporation, Accessdata, Digital Detective, Foray, Intrensic, and WatchGuard Technologies.
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