Dublin, April 22, 2024 (GLOBE NEWSWIRE) -- The "Electronic Offender Monitoring Solutions - 3rd Edition" report has been added to ResearchAndMarkets.com's offering.
The average daily caseload of monitored individuals in Europe, North America and Latin America amounted to about 64,000, 518,000 and 130,000 respectively during 2023. The report estimates that the number of daily users will grow to 94,000 in Europe, 680,000 in North America and 239,000 in Latin America by 2028.
The market value in 2023 reached US$ 226 million in Europe, US$ 1.3 billion in North America and US$ 76 million in Latin America. The total market value in the three regions combined is forecasted to grow at a CAGR of 7.2 percent from US$ 1.6 billion in 2023 to US$ 2.3 billion in 2028.
What are the latest developments on the Electronic Offender Monitoring market?
Electronic monitoring (EM) programmes was first introduced in the US in the early 1980s. Today, EM is an established alternative to detention across Europe and North America and in some Latin American countries. EM can be used in various stages of the criminal justice system, including at pre-trial, at sentencing and following a period of incarceration.
There are two dominant technologies used for electronic monitoring - Radio Frequency (RF) and GPS. RF technology was the first technology to be used, enabling agencies to remotely monitor if offenders sentenced to home curfew complied with the rules of the programme. RF-based systems are today the most common type of solution in most European countries. In the US, Brazil and other countries in Latin America, GPS-based solutions are more common.
A number of private companies are involved in the provisioning of EM, including developing, supplying and installing equipment, providing monitoring services as well as delivering other supporting services. In North America, Latin America and in some European jurisdictions, private sector companies are responsible for most parts of the EM programme. In the majority of European countries, private companies mainly supply equipment and software while public authorities are responsible for installation, field services, monitoring and enforcement.
Leading providers of EM equipment and services include US-based BI Inc. (GEO Group), Allied Universal Electronic Monitoring, Sentinel Offender Services, SCRAM Systems, Securus Technologies, Shadowtrack and Track Group; UK-based Buddi; Israel-based SuperCom; Poland-based Enigma (COMP); Switzerland-based Geosatis; and Brazil-based Spacecom and Synergye.
This report answers the following questions:
- Which are the leading providers of Electronic Monitoring solutions?
- How have EM programmes been implemented in Europe and the Americas?
- What is the potential market size for EM products and services?
- What impact will technology advancements have on the market?
- How will the EM market evolve in the next five years?
- What are the future trends on this market?
- What are the key drivers behind the adoption of EM solutions?
This report will allow you to:
- Benefit from 15 new executive interviews with market leading companies.
- Identify key players on the European, North American and Latin American EM market.
- Learn about the latest market trends and key developments.
- Understand the opportunities and challenges on the EM market.
- Predict future trends and drivers for uptake of EM equipment and services.
- Profit from updated regional market forecasts lasting until 2028.
Key Topics Covered:
1 Electronic Offender Monitoring
1.1 The criminal justice system
1.1.1 Correctional population
1.2 Electronic offender monitoring programmes
1.3 Electronic offender monitoring infrastructure
1.3.1 Device segment
1.3.2 Positioning segment
1.3.3 Network segment
1.3.4 Platform segment
2 Market Forecasts and Trends
2.1 Market landscape
2.1.1 EM equipment and service vendor market shares
2.1.2 Mergers and acquisitions in the electronic offender monitoring industry
2.2 Market forecasts
2.3 Market drivers and trends
2.3.1 The COVID-19 pandemic created a greater awareness of EM solutions
2.3.2 Growing adoption of domestic violence and victim protection solutions
2.3.3 Stronger focus on software and analytics within offender monitoring
2.3.4 Smartphone apps and wrist-worn devices expand the EM market
2.3.5 Further consolidation of the EM market is expected
2.3.6 EM is increasingly used for the immigration cohort
3 Company Profiles and Strategies
- Allied Universal Electronic Monitoring
- BI Incorporated (GEO Group)
- Buddi (Big Technologies)
- Corrisoft
- Enigma (COMP)
- Geosatis
- Laipac Technology
- SCRAM Systems
- Securus Technologies
- Sentinel Offender Services
- Shadowtrack Technologies
- Spacecom
- SuperCom
- Synergye
- Talitrix
- Track Group
- UE Brasil Tecnologia
For more information about this report visit https://www.researchandmarkets.com/r/y0ypl9
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