Market Highlights
The global law enforcement software market size is poised to expand at 8% CAGR from 2018 to 2023 (forecast period), as per the latest MRFR report. The use of law enforcement software for resolving cold and open criminal cases is the primary driver of the market. The data generated by sensors can capture a large amount of data which can be used in attaining the resolution in numerous cases. Furthermore, the utilization of video analytics for attaining real-time information is expected to lead to higher market demand. For instance, video analytic software by IBM can access video feeds around the city to gain access to real-time information with low probability of grainy outcomes. The market size can balloon to USD 11 billion by 2023.
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.
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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.
Regional Analysis:
Regions covered include North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The North America region can reign supreme in the law enforcement software market due to high volume of adoption rates of the software by Canada and the U.S. Presence of numerous software titans such as Motorola, Oracle Corporation, Accenture, and IBM which offers bundled solutions with regular updates to law enforcement agencies is expected to spur market growth.
On the other hand, the APAC region has relied on software which can combine facial recognition, cloud and mobile technologies, and internet-of-things (IoT) products for lowering the spurt in criminal activities. Similarly, the Europe region possesses the latent potential for utilizing predictive mapping in order to curb criminal ongoings. This will play a major role in deploying mobile and armed forces responsibly and minimize risks to law enforcement agencies.
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.
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