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Evidence Management Market 2018: Emerging Technologies, Sales Revenue, Key Players Analysis, Development Status, Opportunity Assessment and Industry Expansion Strategies 2023 | 360 Market Updates

Evidence Management

Evidence Management Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Evidence Management market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Evidence Management Market report is anticipated to register a CAGR of 17.2% over a five years forecast period (2018 – 2023).”

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List of Major Key players operating in the Global Evidence Management Market are –

  • CaseGuard
  • COBAN Technologies
  • Inc.
  • Finalcover LLC
  • IBM
  • Motorola Solutions
  • NICE
  • Oracle
  • Panasonic Corporation
  • PoliceOne
  • Porter Lee Corporation
  • QueTel Corporation
  • SoleraTec LLC
  • VeriPic

The global evidence management market is expected to register a CAGR of 17.2% during the forecast period of 2018–2023. The scope of the report is limited to software including on-premise and cloud, and hardware including body-worn camera, vehicle dash camera, citywide camera, public transit video, and others. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also emphasizes the benefits of evidence management by diverse industries and the prospect of the same.

Police organizations are espousing digital technological tools including social media and cameras for body & vehicle dash to enhance their investigation. The influx of data is increasing exponentially owing to rising population and crime rates, which is expected to increase the usage of these tools. As of 2017, it was reported that approximately 20% of the police officers in the United States were equipped with body-worn cameras. Additionally, about 5% of the police officers are using body-worn cameras across the globe. As a result, the evidence management system including, software and hardware pose high amount of penetration chances in the market. Currently, there is scarce automated distribution of shreds of evidence over cloud services, such as Dropbox, which open new avenues for integration of digital technologies in the sector. This is expected to propel the evidence management market growth over the forecast period.

Emergence of Digital Technologies

The emergence of digital technologies has enabled police organizations to successfully integrate real-time data with cloud servers for instant sharing and safe storage. Also, these pieces of evidence are stored effectively, so that it can be retrieved later. Furthermore, to ascend the ease of operation and records retrieving, automated timestamp and location tagging are offered through the system, which is likely to boost the market. The incorporation of digital tools reduces the dependency on DVD, which mitigates the cost and risk of data loss at a significant rate. Thus, the factors above are projected to fuel the market growth over the forecast period.

Body-Worn Camera to Exhibit the Highest Growth

The utilization of body-worn camera gives access to better documentation of evidence and increases transparency & accountability. For instance, while collecting voice evidence, people may or may not change their statements, however capturing these through a camera, coupled with instant share and upload functions will have robust impact to take justifiable actions. Furthermore, it also reduces the use of force by officers and negative consequences, which is projected to fuel the market growth over the next six years.

North America to Have the Highest Market Share

The major companies in the market are highly concentrated in North America, wherein they are rigorously investing in technological innovations. Furthermore, the government in the region is encouraging the integration of digital technologies in evidence collection to streamline and smoothen the functioning of criminal investigations. This is expected to attribute towards the highest share of evidence management market in the region over the forecast period.

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Scope of the Report:

The report analyses Evidence Management market, which includes –

  • Analysis of the growth of Evidence Management market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Evidence Management market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Evidence Management market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Evidence Management market are discussed.
  • The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Evidence Management Market Report:

  • Varying dynamics of the Evidence Management industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
  • Evidence Management market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Evidence Management market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Evidence Management Market Report:

  • The report analyses how stringent emission control norms will drive the global Evidence Management market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Evidence Management market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Evidence Management:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023

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