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Digital Evidence Management Market Future Scope, Outlook, Size, Share, Latest Trends, Growth Factors, Advance Technology And Forecast -2028

10-25-2024 07:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Panasonic (Japan), Motorola Solutions (US), NICE (Israel), OpenText (Canada), Axon (US), Genetec (Canada), Cellebrite (Israel), Safe Fleet (US), VIDIZMO (US), and IBM (US).

Panasonic (Japan), Motorola Solutions (US), NICE (Israel), OpenText (Canada), Axon (US), Genetec (Canada), Cellebrite (Israel), Safe Fleet (US), VIDIZMO (US), and IBM (US).

Digital Evidence Management Market by Component (Software, Hardware, & Services), Software (Evidence Collection, Storage & Sharing, Evidence Analytics & Visualization, Evidence Security), Service, Deployment Mode, End User and Region - Global Forecast to 2028.
The digital evidence management market [https://www.marketsandmarkets.com/Market-Reports/digital-evidence-management-market-137502457.html?utm_campaign=digitalevidencemanagementmarket&utm_source=abnewswire.com&utm_medium=paidpr] is projected to grow from an estimated USD 7.7 billion in 2023 to USD 13.6 billion by 2028, with a compound annual growth rate (CAGR) of 12.1%. The market's expansion is fueled by the growing volume of digital evidence and the rising crime rate.

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By component, the software segment is expected to account for the largest share in 2023

The digital evidence management market is segmented, by software, into evidence analytics and visualization; evidence security; and evidence collection, storage, and sharing. Evidence analytics and visualization software enable police forces, private investigators, and government agencies to enhance and digitize their entire evidence process by finding patterns that manage leads and predict criminal activities. Vendors offer a range of digital evidence management software for the imaging, processing, and investigation processes. For instance, the imaging software creates a replica of the data on a drive where investigators perform their investigation process while the original data remains untouched.

By service, the digital investigation and consulting segment is expected to account for the largest market share in 2023

Digital investigation and consulting service vendors provide industry, security, and risk experts who hold expertise in mitigating litigations and solving digital evidence legal issues. With a rapid increase in cases related to money laundering, the internet, and cybercrimes, digital investigation and consulting services assist organizations in tracking issues and reducing losses. Some of the digital investigation and consulting services include data recovery and protection, fraud investigation, and crisis management.

By region, North America is expected to account for the largest share in 2023

North America has strong economic countries, such as the US and Canada, which offer the most significant and advanced technological infrastructure. North America is one of the major regional contributors to the global digital evidence management market in terms of market size. Significant players in this region, including IBM, Motorola Solutions, Axon, Oracle, and others, are among the primary drivers boosting the growth of the digital evidence management market in North America.

In the US, police departments understand the need for better quality in-car and body-wear cameras to collect clear video evidence. For example, In 2022, the Torrance Police Department entered into a five-year camera contract with Axon worth USD 2 million. Axon will provide 200 body-worn cameras and 50 in-car cameras in this deal. With such deals, various polices departments are focusing on their ability to gather on-scene evidence and its management. This increased adoption of new technology generates a massive amount of digital evidence, driving the growth of digital evidence management in North America.

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Unique Features in the Digital Evidence Management Market

One of the defining features of the digital evidence management market is the integration of advanced technologies such as artificial intelligence (AI), machine learning (ML), and blockchain. AI and ML assist in automating evidence classification, analysis, and pattern recognition, while blockchain enhances the security and immutability of evidence by providing a tamper-proof ledger.

The shift toward cloud-based digital evidence management platforms is another key feature. Cloud-based solutions allow law enforcement agencies and legal professionals to store, access, and share evidence securely from any location, promoting better collaboration across departments and regions.

Maintaining a secure and verifiable chain of custody is crucial in digital evidence management, and modern platforms offer advanced features to ensure this. These systems provide real-time tracking of who accessed the evidence, when it was accessed, and what actions were taken.

Digital evidence management solutions are designed to integrate seamlessly with other law enforcement and judicial systems, such as case management, incident reporting, and court management systems. This integration streamlines the workflow, reducing manual data entry and ensuring that digital evidence is readily available throughout the investigation and judicial process.

Given the sensitive nature of digital evidence, security is a paramount concern in this market. Digital evidence management platforms are equipped with advanced encryption protocols, multi-factor authentication, and role-based access controls to safeguard evidence.

Major Highlights of the Digital Evidence Management Market

The increasing volume of digital evidence, driven by factors like the proliferation of connected devices, video surveillance, and social media content, is a major highlight. As digital interactions grow, so does the amount of data available for criminal investigations and court proceedings.

A significant highlight in the market is the adoption of cloud-based digital evidence management systems, which offer scalability, remote accessibility, and cost-effectiveness.

With sensitive information being managed and shared, enhanced security and compliance measures have become essential. Digital evidence management platforms now feature advanced security protocols, such as end-to-end encryption, multi-factor authentication, and strict access controls.

The integration of artificial intelligence (AI) and automation capabilities is transforming the digital evidence management landscape. AI-powered tools facilitate faster evidence analysis, pattern recognition, and automated categorization, streamlining workflows and reducing the time required for manual processing.

Maintaining an unbroken chain of custody is crucial for ensuring evidence integrity. Digital evidence management solutions are increasingly focusing on this feature, providing comprehensive tracking and audit logs that detail every interaction with the evidence.

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Top Companies in the Digital Evidence Management Market

Major players operating in digital evidence management are Panasonic (Japan), Motorola Solutions (US), NICE (Israel), OpenText (Canada), Axon (US), Genetec (Canada), Cellebrite (Israel), Safe Fleet (US), VIDIZMO (US), and IBM (US).

Panasonic is one of the leading manufacturers of electronics and electrical products. The company primarily operates through four segments, namely consumer electronics, housing, automotive, and Business to Business (B2B). Along with these solutions, the company also offers connected solutions and new security and video surveillance platforms, which support the mission of law enforcement agencies. Panasonic offers digital evidence capture & management solutions are offered by Panasonic. The company offers a wide range of evidence capture and management solutions, which include body-worn cameras, in-car cameras, and video processing units. These products are built on Panasonic's video surveillance excellence. The organization caters to a large clientele across industry verticals and is in North America, Europe, and Asia Pacific.

Motorola Solutions is a provider of mission-critical communication infrastructure, devices, accessories, software, and services. With its wide range of products and services, it caters to the government, public safety, and commercial industry verticals for enhancing its business operations. Motorola operates through its 2 business segments, namely, products and services. The products segment offers various accessories, infrastructure, devices, municipalities, and software. Its product segment benefits the government, public safety, first-responder agencies, and commercial and industrial customers who operate private communications networks and manage a mobile workforce. Motorola's CommandCentral Vault is a digital evidence management solution that combines all evidence data and manages organizations' workflows, offering a single-click solution. CommandCentral Vault is a cloud-based solution that helps to aggregate and intelligently organize digital content. CommandCentral Analytics also offers role-based intelligence to identify crimes, track down leads and seamlessly share insights.

Founded in 1999, NICE is an Israel-based company offering end-to-end digital transformation. NICE helps public safety & justice agencies to revolutionize the way data is managed with the help of its cloud-based evidencentral platform. An ecosystem of integrated technologies is offered with the evidencentral platform. These features help combine data to provide a single platform, improving incident response, accelerating investigations, and streamlining evidence sharing and disclosure. Evidencentral platform includes NICE Inform, NICE Investigate, and NICE Justice. The company focuses heavily on its inorganic strategies by partnering with various police departments. NICE partnered with various departments in the US and UK in the past few years. This platform is used by more than 3,000 public safety & justice customers. The evidencentral platform manages more than 20 million evidence items. Nice caters to all types of public safety and criminal justice agencies, from emergency communications centers and police departments to prosecutors and courts.

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=digital-evidence-management-market-future-scope-outlook-size-share-latest-trends-growth-factors-advance-technology-and-forecast-2028]
Phone: 18886006441
Address:1615 South Congress Ave. Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/digital-evidence-management-market-137502457.html



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