Press release
Law Enforcement Software Market 2024-2033: Production Analysis, Segmentation, Key Drivers And Top Players
Law Enforcement Software Market
Law Enforcement Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $30.17 billion In 2028 At A CAGR Of 9.9% :
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.
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Law Enforcement Software Market Major 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 Driver - 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.
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Prominent Trend - 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.
Law Enforcement Software Market Players
Major companies operating in the law enforcement software market report are The International Business Machines Corporation, Accent*ure plc, 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the law enforcement software market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the law enforcement software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Law Enforcement Software Market Report Structure
3. Law Enforcement Software Market Trends And Strategies
4. Law Enforcement Software Market - Macro Economic Scenario
5. Law Enforcement Software Market Size And Growth
…..
27. Law Enforcement Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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