Digital Evidence Management Market by Component and Geography - Forecast and Analysis 2022-2026

The digital evidence management market share is expected to increase by USD 2.65 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.48%.

This digital evidence management market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers digital evidence management market segmentation by component (software, services, and hardware) and geography (North America, APAC, Europe, South America, and MEA). The digital evidence management market report also offers information on several market vendors, including Cellebrite DI Ltd., Digital Detective Group Ltd., Exterro Inc., Hitachi Vantara LLC, International Business Machines Corp., Motorola Solutions Inc., NICE Ltd., Open Text Corp., Panasonic Corp., and QueTel Corp. among others.

What will the Digital Evidence Management Market Size be During the Forecast Period?

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Digital Evidence Management Market: Key Drivers and Challenges

The increasing demand for a consolidated crime database is notably driving the digital evidence management market growth, although factors such as high implementation and maintenance cost of on-premise digital evidence management solution may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the digital evidence management industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Digital Evidence Management Market Driver

Digital evidence management allows agencies to obtain actionable insights from gathered data on crime rates, citizen information, past criminal records, and homicide reports to reduce crime rates and improve public safety. Such software solutions provide detailed data and reduce the cost of investigations through integrating analysis, lead generation, and communication technologies. Digital evidence management solutions seamlessly integrate data from multiple agencies to create a consolidated database that can be used for future reference, thereby simplifying decision-making. The data analytics features of such software solutions can help determine crime patterns, gather evidence, and improve criminal conviction rates. Data stored in digital evident management can be accessed from several locations and multiple devices. Such solutions can also provide the officers with actionable insights and allow them to access information on the crime investigation site. Officers can also receive updates as the case advances, which will enable them to be better prepared. As a result, the demand for a consolidated crime database is increasing, which, in turn, is driving the market in focus.

Key Digital Evidence Management Market Challenge

The high cost of deploying on-premise digital evidence management solutions is a significant challenge for the growth of the digital evidence management market. The cost of digital evidence management solutions includes the cost of software licensing, system design and customization, implementing, training IT staff, maintenance, and upgrades. The deployment of digital evidence management requires self-assessment, planning, adequate funding, clear vision, and cooperation at all managerial levels. All these factors increase the cost of implementation of digital evidence management, which affects their adoption.

This digital evidence management market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Digital Evidence Management Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Cellebrite DI Ltd.
• Digital Detective Group Ltd.
• Exterro Inc.
• Hitachi Vantara LLC
• International Business Machines Corp.
• Motorola Solutions Inc.
• NICE Ltd.
• Open Text Corp.
• Panasonic Corp.
• QueTel Corp.

 

This statistical study of the digital evidence management market encompasses successful business strategies deployed by the key vendors. The digital evidence management market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The digital evidence management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Digital Evidence Management Market?

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36% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for digital evidence management in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Component Segments in the Digital Evidence Management Market?

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The digital evidence management market share growth by the software segment will be significant during the forecast period. Digital evidence management software allows users to collect digital data, tag it, and retrieve it faster. The evidence management software also records case descriptions and physical evidence descriptions for officers to compare. On top of that, digital evidence management software allows users to share evidence files easily. The software also has analytics features, allowing officers to compare digital photos and study the evidence in their free time. Hence, the global digital evidence management software market is expected to grow during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the digital evidence management market size and actionable market insights on post COVID-19 impact on each segment.

 

Digital Evidence Management Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.48%
Market growth 2022-2026	$ 2.65 billion
Market structure	Fragmented
YoY growth (%)	7.64
Regional analysis	North America, APAC, Europe, South America, and MEA
Performing market contribution	APAC at 36%
Key consumer countries	US, China, Canada, UK, and Japan
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Cellebrite DI Ltd., Digital Detective Group Ltd., Exterro Inc., Hitachi Vantara LLC, International Business Machines Corp., Motorola Solutions Inc., NICE Ltd., Open Text Corp., Panasonic Corp., and QueTel Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Digital Evidence Management Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive digital evidence management market growth during the next five years
• Precise estimation of the digital evidence management market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the digital evidence management industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of digital evidence management market vendors

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