New York, United States, March 14, 2024 (GLOBE NEWSWIRE) -- The Global Digital Evidence Management Market Size is to Grow from USD 7.55 Billion in 2023 to USD 23.25 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 11.9% during the projected period.
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Digital evidence management (DEM) refers to the procedures, policies, and systems used to collect, store, manage, and preserve digital evidence so that it is admissible and reliable in legal proceedings. Digital evidence management (DEM) is a broad term that refers to the collection, analysis, storage, and presentation of digital evidence. To ensure the integrity and authenticity of the evidence, these activities must adhere to strict legal and procedural guidelines, as well as traditional physical evidence rules. Digital evidence management (DEM) has emerged as a critical component of modern law enforcement and criminal investigations. Increasing cloud-based technologies will drive digital evidence management market growth during the forecast period. Cloud-based technologies are changing the way businesses store, manage, and access data. This technology allows businesses to store, manage, and access data from anywhere, at any time, and on any device. This has been a major driver in the digital evidence management (DEM) market because it allows for secure storage and management of digital evidence. Cloud-based DEM technologies enhance security and privacy while increasing scalability and cost-effectiveness. Implementing and maintaining digital evidence management solutions is an expensive endeavor. The cost of buying, installing, and configuring the hardware and software components of a digital evidence management system can be prohibitively expensive, especially for small and medium-sized businesses.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Digital Evidence Management Market Size, Share, and COVID-19 Impact Analysis, By Component (Software, Hardware, Services), By Deployment Type (Cloud, On-Premise, Hybrid), By Application (Criminal Investigations, Legal Proceedings, Fraud Detection, Incident Response, Surveillance, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The software segment is expected to hold the largest share of the global digital evidence management market during the forecast period.
Based on the component, the global digital evidence management market is categorized into software, hardware, and services. Among these, the software segment is expected to hold the largest share of the global digital evidence management market during the forecast period. Software is an essential component of digital evidence management systems, providing advanced features for organizing, analyzing, and presenting digital evidence. The increasing demand for sophisticated software solutions stems from organizations and law enforcement agencies' evolving needs to efficiently manage and extract actionable insights from the growing volume and complexity of digital evidence.
The cloud segment is expected to hold the significant share of the global digital evidence management market during the forecast period.
Based on the deployment type, the global digital evidence management market is categorized into cloud, on-premise, and hybrid. Among these, the cloud segment is expected to hold the largest share of the global digital evidence management market during the forecast period. Cloud-based digital evidence management solutions have grown in popularity owing to their inherent benefits, which include scalability, flexibility, and accessibility. Organizations and law enforcement agencies are increasingly turning to the cloud deployment model, which allows for seamless collaboration, real-time updates, and efficient management of digital evidence from multiple sources.
The criminal investigations segment is expected to grow at substantial CAGR growth of the global digital evidence management market during the forecast period.
Based on the application, the global digital evidence management market is categorized into criminal investigations, legal proceedings, fraud detection, incident response, surveillance, and others. Among these, the criminal investigations segment is expected to grow at substantial CAGR growth of the global digital evidence management market during the forecast period. Criminal investigations require effective management, analysis, and presentation of digital evidence. Law enforcement agencies are at the forefront of implementing digital evidence management solutions, prioritizing advanced software and services designed to handle the complexities of criminal investigations. Digital evidence management systems that include digital forensics, metadata analysis, and chain of custody management address the evolving challenges posed by digital evidence in criminal cases.
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North America is anticipated to hold the largest share of the global digital evidence management market over the predicted timeframe.
North America is projected to hold the largest share of the global digital evidence management market over the forecast period. North American countries' technological maturity, combined with significant investments in law enforcement technology, has propelled the region to the forefront of the adoption of advanced digital evidence management (DEM) solutions. The United States, in particular, has seen widespread adoption of digital evidence management systems by federal, state, and local law enforcement agencies, contributing significantly to the region's market leadership. The region's leadership is bolstered by the continuous evolution of digital forensics practices, a strong regulatory framework, and the ongoing demand for effective cybercrime solutions. Furthermore, the presence of key digital evidence management (DEM) market players, as well as a proactive approach to technological innovation, help North America maintain its long-term dominance. Asia Pacific is expected to grow at fastest CAGR growth of the global digital evidence management market during the forecast period. Asia Pacific's largest economies include China, Japan, India, Singapore, and Australia. Asia Pacific economies are rapidly expanding as a result of technological advancements and the increased presence of numerous organizations. Countries in Asia Pacific prioritise investments, and government initiatives in emerging technologies are expanding to strengthen the digital evidence management market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global digital evidence management market are Panasonic, Motorola Solutions, NICE, OpenText, Axon, Genetec, Safe Fleet, VIDIZMO, IBM, Oracle, AccessData Group LLC, Cellebrite Ltd., Hitachi Vantara Corporation, Nuix Pty Ltd, Paraben Corporation, and among others.
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Recent Developments
- In January 2023, The Albuquerque Police Department implemented Genetec Security Center and Genetec Clearance to improve public safety. The Albuquerque Police Department used the Genetec Clearance digital evidence management system to reduce the amount of time it took to share evidence with investigators and officers.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2022 to 2033. Spherical Insights has segmented the global digital evidence management market based on the below-mentioned segments:
Global Digital Evidence Management Market, By Component
- Software
- Hardware
- Services
Global Digital Evidence Management Market, By Deployment Type
- Cloud
- On-Premise
- Hybrid
Global Digital Evidence Management Market, By Application
- Criminal Investigations
- Legal Proceedings
- Fraud Detection
- Incident Response
- Surveillance
- Others
Global Digital Evidence Management Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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