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

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71708
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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?

Digital Evidence Management Market Size

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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?

Digital Evidence Management Market Market segmentation by region

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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?

Digital Evidence Management Market Segmentation

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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

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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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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Component

  • Market segments
  • Comparison by Component
  • Software - Market size and forecast 2021-2026
  • Services - Market size and forecast 2021-2026
  • Hardware - Market size and forecast 2021-2026
  • Market opportunity by Component

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2026
  • APAC - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 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.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Digital Evidence Management market growth will increase by $2655.32 million during 2021-2026.
The digital evidence management market is expected to grow at a CAGR of 8.48% during 2021-2026.
Technavio has segmented the digital evidence management market by component (Software, Services, and Hardware) and geographic (North America, APAC, Europe, South America, and MEA).
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. are a few of the key vendors in the digital evidence management market.
APAC will register the highest growth rate of 35.69% among the other regions. Therefore, the digital evidence management market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the digital evidence management market growth are:
  • Increasing demand for a consolidated crime database
The digital evidence management market vendors should focus on grabbing business opportunities from the software segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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