Press release
Rapid Expansion Forecasted: Law Enforcement Software Market to Reach $30.6 Billion by 2031 with 8.5% CAGR
According to the report published by Allied Market Research, the global law enforcement software market size amassed revenue of $13.6 billion in 2021, and is expected to hit $30.6 billion by 2031, registering a CAGR of 8.5% from 2022 to 2031.The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space. The study is a key information source for giant players, entrepreneurs, shareholders, and owners in generating new strategies for the future and taking steps to enhance their market position. The report displays an in-depth quantitative analysis of the market from 2022 to 2031 and guides investors in allocating funds to the rapidly evolving industry.
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Law enforcement software is an application used for gathering, recording, storing, and sharing information relating to legal investigations. It ensures that all the legal documents, including evidence collected, are stored and shared with concerned authorities securely. Law enforcement software market is influenced by various market factors, constraints and opportunities. Undoubtedly, the increasing number of crimes such as cybercrimes and increasing demand for mobile-based law enforcement software will accelerate the need for law enforcement software worldwide.
Emergence of mobile analytics and data analytics drives the growth of the global law enforcement software market. Many small and medium enterprises are entering the business and providing advanced solutions for law enforcement software, thereby creating new growth opportunities for the global market. Based on region, North America contributed toward the highest market share in 2021, accounting for more than one-third of the global law enforcement software market share.
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Covid-19 Scenario
The Covid-19 pandemic negatively impacted the growth of the global law enforcement software market as many law enforcement software vendors incurred heavy losses during the pandemic due to lockdown imposed by governments across the globe.
The global market is set to flourish post-pandemic with law enforcers and police personnel initiating digitization in investigation procedures.
Adoption of the remote mode of working and demand for cloud-based law enforcement software for handling key information in firms will boost growth avenues for the global market post-COVID-19 pandemic.
The key players that operate in the law enforcement software market analysis are ALEN Inc., CAPERS Software, CODY Systems, Column Case Management, Cyrun, eForce, Esri, Guardian Alliance Technologies, Hexagon AB, IBM Corporation, Lexipol, Matrix Pointe Software, NICE, Omnigo, Presynct Technologies, and Tracker Products.
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Based on region, North America contributed toward the highest market share in 2021, accounting for more than one-third of the global law enforcement software industry share. Moreover, the Asia-Pacific region is set to contribute majorly toward the global market share in 2031. However, the Asia Pacific law enforcement software market is predicted to register the highest CAGR of 10.5% during the forecast timespan. The research also analyzes regions including LAMEA and Europe.
Table of Content
Chapter 1 : INTRODUCTION
Chapter 2 : EXECUTIVE SUMMARY
Chapter 3 : MARKET OVERVIEW
Chapter 4 : LAW ENFORCEMENT SOFTWARE MARKET, BY OFFERING
Chapter 5 : LAW ENFORCEMENT SOFTWARE MARKET, BY DEPLOYMENT MODEL
Chapter 6 : LAW ENFORCEMENT SOFTWARE MARKET, BY REGION
Chapter 7 : COMPANY LANDSCAPE
Chapter 8 : COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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