Press release
Law Enforcement Software Market Reach USD 30.6 Billion by 2031, Growing at a CAGR of 8.5%.
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.
The global law enforcement software market was valued at $13.6 billion in 2021, and is projected to reach $30.6 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.
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The law enforcement software market is segmented into Offering and Deployment Model. On the basis of offering, the market is segmented into solution and services. On the basis of solution, the market is segmented into record management software, jail management software, crime management software, digital policing software and others. Further, on the basis of crime management software, the market is segmented into crime analytics software and evidence management software.
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On basis of the deployment model, the on-premise segment held the largest share in 2021, contributing to more than half of the overall law enforcement software market share. Moreover, this segment is predicted to account for the highest market share by 2031. However, the cloud segment is also anticipated to record the fastest CAGR of 9.1% during the forecast timeframe.
In terms of the offering, the software segment was the largest in 2021, accounting for around three-fourths of the overall share of the global law enforcement software market. Moreover, this segment is predicted to retain its dominant position during the forecast timespan. However, the service segment is set to record the highest CAGR of 9.8% from 2022 to 2031.
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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.
Key participants in the global law enforcement software market examined in the research include ALEN Inc., CAPERS Software, CODY Systems, Column Case Management, Cyrun, eForce, Esri, Guardian Alliance Technologies, Hexagon AB, IBM Corporation, Lexipol LLC, Matrix Pointe Software, LLC, NICE, Omnigo Software, Presynct Technologies, Inc., and Tracker Products.
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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.
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