Digital Evidence Management Market is projected to reach USD 15.1 Billion in 2030: Cognitive Market Research

Market Overview:
What is Digital Evidence Management?
- Digital evidence, which can primarily be obtained through computers, mobile devices, and the Internet, is a piece of information that has been preserved electronically and is useful for investigative purposes. The term "Digital Evidence Management " refers to the automated process of gathering, storing, safeguarding, and disseminating evidence that can be obtained digitally via electronic documents, emails, texts, transactions, mobile phone photographs and videos from crime scenes, body-worn camera movies, CCTV footages, automatic number plate recognition systems, audio recordings, browser histories, social media, and several other sources.

Summary:
• The Digital Evidence Management Market size was valued at USD 7.11 in 2022 and will reach USD 15.1 Billion in 2030 and expected to grow at a CAGR of 13.4% during the forecast period
• Based on component, the services segment has the largest revenue share in the digital evidence management market.
• Based on software, evidence analytics, and visualization have the leading segment in the digital evidence management market.
• Based on end-user, criminal justice agencies have the leading segment in the digital evidence management market.
• Asia Pacific has the largest revenue share in the digital evidence management market.

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Market Dynamics:
• Digital Evidence Management Market Drivers:
- A rise in crimes involving digital data has created a significant need in the market for more effective management solutions. To remain competitive in the market, top providers of digital evidence are concentrating on the creation of increasingly effective cloud-based solutions. The main drivers anticipated to drive this market are the rise in digital crimes, increased concern over evidence protection, and data recovery.

• Digital Evidence Management Market Opportunities:
- Government support for evidence security, law enforcement, and government agencies are implementing digital evidence management solutions, coupled with the prevalence of cybercrime rising; these developments will further generate lucrative market prospects.

• Digital Evidence Management Market Restraints:
- Although digital evidence management helps law enforcement agencies conduct investigations more successfully, there are still some loopholes that have caused them to express their worries. These holes include data manipulation and tampering, which can still be filled with products available on the market, but the problem of data exchange security has not been fully solved. All these factors may hamper the market growth.

Market Segmentation:
Type:
• Cloud
• On-premises
• Hybrid

Component:
• Software
• Services
- Based on components, the services segment has dominated the digital evidence management market, in 2022. By providing knowledge to identify a problem's root cause, cooperating with digital evidence management tools, and advancing the investigation process, digital evidence management services allow investigators to conduct a systematic inquiry.
• Hardware

Software:
• Evidence Analytics and Visualization
- Based on software, evidence analytics & visualization have the leading segment in the market. Evidence visualization presents digital evidence data in a visual form such as charts, lists, graphs, and pictures.
• Evidence Collection, Storage, and Sharing
• Evidence Security

End-user:
• Law Enforcement Agencies
• Criminal Justice Agencies
- the criminal justice agencies segment was the leading segment in the market, in 2022. Prosecutors, public defenders, and courts are critical in criminal justice. Digital evidence has become ubiquitous and is critical for discovering the truth. Its use in courtrooms has increased significantly which is expected to further augment the market growth during the forecast period.

- The Major Players in Digital Evidence Management Market are: Panasonic, Motorola, Nice, Accessdata, Msab, Opentext, Digital Detective, Cellebrite, Paraben, Quetel, IBM, Oracle, Hitachi, Capita, Vidizmo, Coban, Reveal Media, Porter Lee, Soleratec, Veripic, Fileonq, Tracker Products, Intrensic, Foray, Watchguard

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Regional Analysis :
• Asia Pacific accounted for the largest share of the digital evidence management market
- Asia Pacific has the largest revenue share in the digital evidence management market. Due to increasing technological innovations and the huge presence of many organizations, economies in the Asia Pacific are witnessing high growth during the forecasted period.

• Digital Evidence Management Industry News:
- Albuquerque Police Department adopted Genetec Security Center and Genetec Clearance to enhance public safety
In January 2023, Albuquerque Police Department adopted Genetec Security Center and Genetec Clearance to enhance public safety. Albuquerque Police Department reduced the time required for sharing evidence with investigators and officers with the help of the Genetec Clearance digital evidence management system.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Digital Evidence Management Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Digital Evidence Management Market Segmentation
1.5.1 Digital Evidence Management Market Regional Fragmentation
1.5.1 Digital Evidence Management Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Digital Evidence Management Market
Chapter 4 Global Digital Evidence Management Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Digital Evidence Management Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Digital Evidence Management Market by End-user Segmentation Analysis (2018-2030)
Chapter 11 Global Digital Evidence Management Market by Software Segmentation Analysis (2018-2030)
Chapter 12 Global Digital Evidence Management Market by Component Segmentation Analysis (2018-2030)
• 12.1 Detailed Qualitative Analysis
• 12.2 Global Digital Evidence Management Revenue and Share (%) by Component (2018-2030)
12.2.1 Software Market Size
12.2.1.1 Global Software Market Share and Revenue (USD Million) for 2018-2030
12.2.1.2 Digital Evidence Management Market for Software, by Country (2021 Vs 2024)
12.2.2 Services Market Size
12.2.2.1 Global Services Market Share and Revenue (USD Million) for 2018-2030
12.2.2.2 Digital Evidence Management Market for Services, by Country (2021 Vs 2024)
12.2.3 Hardware Market Size
12.2.3.1 Global Hardware Market Share and Revenue (USD Million) for 2018-2030
12.2.3.2 Digital Evidence Management Market for Hardware, by Country (2021 Vs 2024)
Chapter 13 Global Digital Evidence Management Market Regional Analysis
Chapter 14 North America Digital Evidence Management Market Outlook (2018 - 2030)
Chapter 15 Europe Digital Evidence Management Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Digital Evidence Management Market Outlook (2018 - 2030)
Chapter 17 Latin America Digital Evidence Management Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Digital Evidence Management Market Outlook (2018 - 2030)
Chapter 19 Research Findings
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