Law Enforcement Software Market to grow by USD 3.13 billion by 2027; The need for effective communication to drive the market- Technavio
NEW YORK, Jan. 12, 2024 /PRNewswire/ -- The law enforcement software market is estimated to grow by USD 1.16 billion from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 9.7% during the forecast period. However, the growth momentum will progress. Law enforcement software streamlines tasks including report writing, investigative casework, police dispatching, evidence tracking, and crime analysis, offering support to police and lawmakers. The need for effective communication is a key factor driving market growth. This drive impacts the proliferation of Police Records Management Systems, Crime Analytics Software, Body-worn Camera Solutions, Computer-Aided Dispatch (CAD) Software, License Plate Recognition (LPR) Technology, Mobile Data Terminals (MDT), Evidence Management Software, Facial Recognition Technology, Predictive Policing Tools, Biometric Identification Systems, and Incident Reporting Software. These innovations emphasize the significant role of seamless communication in advancing law enforcement technology and services.
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Law Enforcement Software Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on Deployment (On premise and Cloud based) and type (Software and Services).
- The market share growth by the on premise segment will be significant during the forecast period. Law enforcement software delivers several advantages, e.g. complete control and authorization for crucial data to end users at the premises based on the fact that it requires in-house hardware and significant investment in the form of software licenses, law enforcement is more expensive than cloud computing.
Geography Overview
Based on geography, the law enforcement software market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global law enforcement software market.
- North America is estimated to account for 37% of the growth of the global market during the forecast period. The US and Canada are the major contributors to the market in the region. The availability of adequate IT infrastructure, as well as the Departmentalization of Parliament's Offices and Enforcement Agencies in the USA and Canada is a primary driver for market growth within this region.
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Law Enforcement Software Market – Market Dynamics
Major Trend
The use of social media for law enforcement is a major trend in the market. This trend is manifest in Emergency Response Software, GIS Mapping for Law Enforcement, In-Car Video Recording Systems, Records and Information Management, Social Media Monitoring Tools, Crime Scene Management Software, Background Check and Screening Software, Computer Forensics Tools, Community Policing Software, and Jail Management Systems. Leveraging social media for investigations, community engagement, and real-time information exchange is transforming law enforcement software strategies, amplifying their effectiveness and relevance.
Significant Challenge
High implementation and maintenance costs are significant challenges restricting market growth. This hurdle impacts Electronic Ticketing Systems, Threat Assessment Software, Police Training and Simulation Software, Patrol and Incident Reporting Software, Cybercrime Investigation Tools, Digital Evidence Forensics, Surveillance System Integration, Gunshot Detection Software, Criminal Intelligence Software, and Case Management Solutions. These expenses are a barrier to widespread adoption and upgrades, potentially impeding the market's growth despite the technological advancements and critical functionalities these solutions offer.
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What are the key data covered in this Law Enforcement Software Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Law Enforcement Software Market between 2023 and 2027
- Precise estimation of the Law Enforcement Software Market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the Law Enforcement Software Market industry across North America, Europe, APAC, South America, and the Middle East and Africa
- A thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of Law Enforcement Software Market companies
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Law Enforcement Software Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.7% |
Market growth 2023-2027 |
USD 1.16 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
9.6 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 37% |
Key countries |
US, China, Japan, Germany, and France, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Accenture Plc, Altia Solutions Ltd., Column Case Management, Computer Information Systems Inc., eFORCE Software, Harris Computer, Hexagon AB, International Business Machines Corp., L3Harris Technologies Inc., Lexipol, Microsoft Corp., Motorola Solutions Inc., Omnigo, RELX Plc, Resolver Inc., Saltus Technologies LLC, Subsentio LLC, Sumo Logic Inc., USA Software Inc., and Oracle 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. |
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
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