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Law Enforcement Software Global Market Intelligence Report Offers Key Futuristic Top Trends, Research Methodology and Competitive Landscape By 2033 | Lexipol LLC, NICE Systems Ltd., ESD Inc., Neology, TXI Systems Inc.

05-06-2024 10:10 AM CET | IT, New Media & Software

Press release from: The Business research company

Law Enforcement Software Global Market

Law Enforcement Software Global Market

The law enforcement software market size has grown rapidly in recent years. It will grow from $14.26 billion in 2023 to $15.92 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to crime analytics and predictive policing, record management and case tracking, community policing initiatives, body-worn camera integration, incident reporting and documentation, mobile policing solutions.

The law enforcement software market size is expected to see rapid growth in the next few years. It will grow to $23.73 billion in 2028 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to real-time data analysis, community engagement platforms, digital evidence management, data privacy and ethical use, evidentiary management solutions. Major trends in the forecast period include adoption of cloud-based solutions, data analytics for predictive policing, mobile applications for field operations, cybercrime and digital forensics tools, real-time communication and collaboration, integration with public safety networks.

Market Overview -
Law enforcement software is a programme used to collect, record, store, and share information related to legal investigations. It ensures that all legal documents, including evidence, are securely stored and shared with the appropriate authorities. The law enforcement software is specifically designed for law enforcement, legal, and public safety agencies to streamline and improve efficiency in their investigations, threat detection, evidence management, and safety operations.

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Ransomware Surge Fuels Workplace Stress Management And Law Enforcement Software Market Growth
An increase in ransomware attacks will propel the growth of the law enforcement software market. Ransomware encrypts the victim's sensitive data and holds it hostage, refusing to release it until the user pays a fee. These attacks have harmed many law enforcement and government agencies, with many losing years of data and potentially jeopardising critical cases. For instance, in 2021, according to the FBI's Internet Crime Complaint Center, there were 2,084 ransomware complaints from January to July 31, 2021, which is a 62% year-over-year increase. Rising attacks will drive the growth of the law enforcement software market.

Competitive Landscape -
Major companies operating in the law enforcement software market report are The International Business Machines Corporation, Motorola Solutions Inc., Oracle Corporation, Axon Enterprise Inc., CAPERS North America LLC, Palantir Technologies, Lexipol LLC, Tracker Products LLC, Nuance Communications Inc., Hexagon AB, eForce Solutions Inc., NICE Systems Ltd., CPI Data Services (India) Pvt Ltd., ESD Inc., Neology, TXI Systems Inc., CSI Technology Group, Domo Tactical Communications (DTC), Guardian Alliance Technologies, SceneDoc, Omnigo Software LLC, Spillman Technologies, CentralSquare Technologies, SceneDoc, Caliber Public Safety, Zuercher Technologies, TriTech Software Systems, Superion Inc., Tyler Technologies Inc., Sun Ridge Systems Inc., New World Systems

Technological Advancement In Law Enforcement Software
Technological advancement is a key trend in the law enforcement software market. The adoption of Vaas services continues to grow within collaboration and workplace flexibility. Video as a Service (VaaS) is the multiparty delivery or point-to-point video conferencing capabilities over an IP network by a managed service provider. In January 2021, Motorola Solutions Inc., a United States-based software, systems, and services provider, announced the introduction of a new Video-as-a-Service (VaaS). The new product combines body-worn cameras, digital evidence management software, and cloud-based support for transparency for law enforcement agencies. This has also helped the company gain a significant share of the market.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/law-enforcement-software-global-market-report

Key Segments -
The law enforcement software market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Deployment: Cloud, On-Premises

Subsegment: Computer-Aided Dispatch, Case Management, Record Management, Jail Management, Incident Response, Digital Policing

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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