Digital Evidence Management Market Analysis 2024-2033 | Growth, Size, Demand, Analysis, Insights

"The new report published by The Business Research Company, titled ""Digital Evidence Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the digital evidence management market size has grown rapidly in recent years. It will grow from $7.49 billion in 2023 to $8.41 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The digital evidence management market size is expected to see rapid growth in the next few years. It will grow to 13.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.

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Rising Cybercrime And Fraud Incidents Fuel Growth In Digital Evidence Management Market
The rising cybercrime and fraud incidents are expected to propel the growth of the digital evidence management market going forward. Cybercrime and fraud refer to illegal activities conducted online or through digital means with the intent to deceive or manipulate individuals or organizations for financial gain or other malicious purposes. The associated framework of the digital landscape, combined with a lack of potential information related to online frauds, contributes to individuals and organizations falling to cyber attacks. Digital evidence management is used in cybercrime and fraud incidents by helping organizations and law enforcement agencies to collect, analyze, and present digital evidence to identify perpetrators, prosecute offenders, and prevent future incidents. For instance, in February 2023, according to reports published by the Federal Trade Commission., a US-based government agency, consumers experienced a surge in fraud losses, totaling nearly $8.8 billion in 2022, marking a significant rise of over 30% compared to the previous year. Furthermore, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, cyber crime reports received in 2022 were 76,000, up from 13% from the previous year. Therefore, the rising cybercrime and fraud incidents are driving the growth of the digital evidence management market.

Digital Software Infrastructure Boost The Digital Evidence Management
Major companies operating in the digital evidence management market are concentrating on innovative software such as digital evidence board software, to address the challenges faced by law enforcement agencies in mapping out investigations. This investigative tool is a data-driven tool that leverages agencies' records management system data to quickly identify and map out case relationships in any investigation. For instance, in September 2021, Tyler Technologies Inc., a US-based software company, launched a digital evidence board software called link analysis. This investigative tool is designed to leverage technology to map out case relationships and identify connections using agencies' records management system data. The software aims to expedite the process of identifying case relationships, bringing hidden connections to light with less manual effort, and allowing staff to reach conclusions faster. It is user-friendly and offers multiple views and graph layouts, removing the need for third-party crime analysis tools. 

The digital evidence management market covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) By Deployment Mode: On-Premise, Cloud
3) By Organization Size: Small And Medium-sized Enterprises (SMEs), Large Enterprises
4) By End User: Public Sector, Law Enforcement, Public Safety And Justice, Insurance

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Major companies operating in the digital evidence management market are International Business Machine Corporation, OpenText Corporation, NICE Systems Ltd., Tableau Software LLC, Solera Holdings Inc., Verint Systems Inc., Cellebrite DI Ltd., Tritech Software Systems, Nuix Ltd., CaseWare International Inc., Magnet Forensics Inc., Belkasoft, Micro Systemation AB, DriveSavers Inc., Digital Intelligence Inc., F3EA Inc., Griffeye AB, Amped Software Co., Digital Detective Group Ltd., Atola Technology Inc., Paraben Corporation, Oxygen Forensics Inc., BlackBag Technologies Inc., Advanced Digital Forensic Solutions Inc., Binary Intelligence

Contents of the report:
1. Executive Summary
2. Digital Evidence Management Market Report Structure
3. Digital Evidence Management Market Trends And Strategies
4. Digital Evidence Management Market - Macro Economic Scenario
5. Digital Evidence Management Market Size And Growth
…..
27. Digital Evidence Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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