Law Enforcement Software Market Market Segmentation, Competitive Landscape and Industry Poised for Rapid Growth by 2023
Market Highlights
The need to create insights from data about the crimes is spurring the law enforcement software market. The demand for automating processes such as crime analysis, evidence tracking, police dispatching and crime report writing among others is also anticipated to boost the market share of the law enforcement software market in the coming period.
The surging crime rates globally are a key factor motivating the law enforcement software adoption rates. Reports that review the information and communication technology industry has been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is anticipated to gain an income of USD 11 billion while progressing with an 8% CAGR in the forecast period.
Competitive Dashboard:
The uncertainty in the market is a critical factor that is driving the formulation of policies and plans that will be applied to drive market growth. The competitors are devoting their resources to ensure an optimum level of growth in the coming years. The competition level in the market is found to be conducive to the advancement of the players who are operating in the market. The need to capture a broader chunk of the profits is supporting the expansion of the market. The influence of governmental policies is motivating further development in the market. The rise in the flow of international transactions between nations is further inspiring the progress of the market. The synergies being created between supply and demand forces in the market is expected to induce further growth of the market. The fluctuations in the currency are expected to stabilize and thus create a favorable impact on the market.
Accenture (Ireland), Motorola Solutions (US), Axon (US), CyberTech (India), Esri (US), IBM (US), PTS Solutions (US), Palantir Technologies (US), eFORCE Software (US), Oracle (US), Wynyard Group (US), Omnigo Software (US), DFLABS (Italy), ARMS (US), Column Technologies (US), Cyrun (US), Incident Response Technologies (US), Numerica Corporation (US), CODY Systems (US), Nuance Communication (US),Diverse Computing (US), Alert Public Safty Solutions (US), CAPERS (US), and BlueLine Grid (US) are a few of the major contenders in the law enforcement software market.
Regional Analysis:
The regional study of the law enforcement software market consists of regions such as Europe, Asia-Pacific, North America, and the rest of the world. The North American region is projected to be the prime revenue producing market for law enforcement software solutions and services owing to early implementation of law enforcement software and the incidence of a large number of major players. The APAC region is assessed to be the quickest increasing region owing to the escalating crime rate and the requirement for simple and data-driven analysis. Also, the APAC region has observed improved adoption of law enforcement software products, due to rising awareness amid government bodies to obtain the advantages of technology-driven law enforcement software is projected to impel the development of the market. The European region is anticipated to display a growing market share for law enforcement software as the European countries are implementing AI-based facial recognition via video surveillance for law enforcement. There are substantial market chances for law enforcement software, which is projected to motivate the expansion in the European region as well.
Segmentation:
The segmental evaluation of the law enforcement software market includes segments on the basis of component, solution, service, deployment model, and regions. Based on the component, the law enforcement software market is segmented into solution and service. On the basis of solution, the law enforcement software market is additionally sub-segmented into record management, incident response, case management, computer-aided dispatch (CAD), jail management, digital policing. By service, the law enforcement software market is segmented into consulting, implementation, training, and support. On the basis of deployment model, the law enforcement software market is segmented into on-premise and on-cloud. Based on the region, the law enforcement software market is segmented into Asia Pacific, North America, Europe, the rest of the world.
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