Press release
Law Enforcement Software Market Size, Demand, Growth Forecast and Trends | Key players are IBM (US), Accenture (Ireland), Oracle (US), Motorola Solutions (US), Axon (US), CyberTech (India), Nuance Communication (US), Esri (US) and PTS Solutions (US)
Market HighlightsThe surging crime rates globally are a key factor motivating the law enforcement software adoption rates. Reports that review the information and communication technology industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to gain an income of USD 11 billion while progressing with an 8% CAGR in the forecast period.
Law enforcement software aids law enforcement agencies to manage, analyse, and maintain crime data that expedite investigation processes. This is likely to propel the growth of the global law enforcement software market. The growing need for public safety is another strong growth booster for the market. The software aids in the automation of activities, such as crime analysis, police dispatching, evidence tracking, record management, crime report writing, and case management. The growing inclination of people towards automation is observed to be a supporting factor for the market.
Other potential drivers that are expected to influence the expansion of the law enforcement software market are increase in the demand for mobile-based law enforcement software. Mobile-based law enforcement software assists police by providing them with criminal data and location information that are utilized in effective ways for investigation. The rising need for efficient criminal investigations solutions can impel the growth of the market.
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Segmentation:
The segmental evaluation of the law enforcement software market includes segments on the basis of component, solution, service, deployment model, and regions. Based on the component, the law enforcement software market is segmented into solution and service. On the basis of solution, the law enforcement software market is additionally sub-segmented into record management, incident response, case management, computer-aided dispatch (CAD), jail management, digital policing. By service, the law enforcement software market is segmented into consulting, implementation, training, and support. On the basis of deployment model, the law enforcement software market is segmented into on-premise and on-cloud. Based on the region, the law enforcement software market is segmented into Asia Pacific, North America, Europe, the rest of the world.
Regional Analysis:
The global market for law enforcement software is studied across North America, Asia Pacific, and Europe. The law enforcement software market in North America is likely to hold the share of the global market. The early adoption of law enforcement software and the existence of numerous key players in the region are causes that are responsible for the expansion of the market in the US. In Asia Pacific, the growing rate of crime rate and the rising need for data-driven investigation are expected to propel the growth of the market in APAC. In addition, the increase in the rate of adoption of law enforcement software solutions as government are taking initiatives for controlling crime. These factors are expected to drive the APAC market growth.
Competitive Dashboard:
The uncertainty in the market is a critical factor that is driving the formulation of policies and plans that will be applied to drive market growth. The competitors are devoting their resources to ensure an optimum level of growth in the coming years. The competition level in the market is found to be conducive to the advancement of the players who are operating in the market. The need to capture a broader chunk of the profits is supporting the expansion of the market. The influence of governmental policies is motivating further development in the market. The rise in the flow of international transactions between nations is further inspiring the progress of the market. The synergies being created between supply and demand forces in the market is expected to induce further growth of the market. The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the market.
Accenture (Ireland), Motorola Solutions (US), Axon (US), CyberTech (India), Esri (US), IBM (US), PTS Solutions (US), Palantir Technologies (US), eFORCE Software (US), Oracle (US), Wynyard Group (US), Omnigo Software (US), DFLABS (Italy), ARMS (US), Column Technologies (US), Cyrun (US), Incident Response Technologies (US), Numerica Corporation (US), CODY Systems (US), Nuance Communication (US),Diverse Computing (US), Alert Public Safty Solutions (US), CAPERS (US), and BlueLine Grid (US) are a few of the major contenders in the law enforcement software market.
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