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Digital Evidence Management System Market: Overview

A digital evidence management system is a solution which helps to manage the digital data generated from police body worn cameras, social media, and other digital evidence sources. Integration of advance technology such as advance content analytics helps to search all structured and unstructured data sources which includes audio and video recordings, databases, incident reports, documents etc. that helps investigators to generate new leads and increase the speed of solving cases. This has accelerated the demand for digital evidence management systems globally. In addition, the increasing trend of wearing body cameras by police or army officers for security purposes has accelerated the market of digital evidence management systems globally. For instance, according to Oracle Corporation, in 2017, nearly 5% of police officers globally utilized body camera.  Moreover, the increasing rate of digital crimes is a major factor which drives the need for digital evidence management system solutions. According to TMR analysis, the total cost of cybercrime in the United States was US$17.36 Million in 2017, up from US$17.36 Million in 2016.       

Digital Evidence Management System Market: Segmentation

The global digital evidence management system market can be segmented based on component, deployment model, and region. Based on component, the digital evidence management system market is segmented into hardware, software, and services. On the basis of hardware, the digital evidence management system market is further segmented into body worn cameras, vehicle dash cameras, citywide video cameras, business cameras, drone cameras, and others. By software, the market is segmented into evidence collection, storage and sharing, evidence security, and evidence analytics & visualization. By services, the digital evidence management system market is segmented into digital investigation and consulting, support and maintenance, system integration, and training & education. Based on deployment model, the digital evidence management system market is classified into on-premises and cloud based. The cloud based segment is expected to expand at the highest CAGR during the forecast period. The rising demand to reduce the hardware cost plays a key role in accelerating the demand for cloud based solutions. The cloud based digital evidence management system helps to stream the video or audio evidence or other digital evidence to the connected authorities at remote locations.  

In terms of geography, the digital evidence management system market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America held the dominant position in the global digital evidence management system market in 2018 and is expected to retain its dominance throughout the forecast period. The United States and Canada are some of the major countries which drive the market in this region. The increasing adoption of body cameras by the United States police force is one of the key driving factors which accelerates the demand for digital evidence management systems. For instance, according to Oracle Corporation, nearly 20% of police officers in the United States were equipped with body camera. In addition, the market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. China, India, and Japan are some of the major countries which drive the digital evidence management system market in Asia Pacific. Rising government initiatives for adoption or promotion of digitalization have accelerated the growth of the market in this region. In addition, the increasing adoption of cloud based solutions in Asia Pacific countries have provided a growth platform to the digital evidence management system market in this region.  

Digital Evidence Management System Market: Key Players

Key players operating in the global digital evidence management system market include AccessData Group LLC, Capita plc., Cellebrite, COBAN Technologies, Digital Detective, Hitachi, Ltd., Information Business Machine Corporation, Matsushita Electric Industrial Co., Ltd., Motorola, Inc., OpenText Corporation, Oracle Corporation, Paraben Corporation, Porter Lee Corporation, QueTel Corporation, Reveal Media Ltd., SoleraTec LLC, VeriPic, Inc., and Vidizmo.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Digital Evidence Management System Market

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