MarketsandMarkets forecasts the digital evidence management market to grow from an estimated USD 7.7 billion in 2023 to USD 13.6 billion by 2028 at a compound annual growth rate (CAGR) of 12.1%. The rising volume of digital evidence and increasing crime rate drive digital evidence management market growth.
Panasonic (Japan), Motorola Solutions (US), NICE (Israel), OpenText (Canada), and Axon (US) are among a few leading players operating in the digital evidence management market. Major focus was given to the organic and inorganic strategies to expand the customer base of the company. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities further to expand their presence in the digital evidence management market.
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Panasonic is one of the leading manufacturers of electronics and electrical products. The company primarily operates through four segments, namely consumer electronics, housing, automotive, and Business to Business (B2B). Along with these solutions, the company also offers connected solutions and new security and video surveillance platforms, which support the mission of law enforcement agencies. Panasonic offers digital evidence capture & management solutions are offered by Panasonic. The company offers a wide range of evidence capture and management solutions, which include body-worn cameras, in-car cameras, and video processing units. These products are built on Panasonic's video surveillance excellence. The organization caters to a large clientele across industry verticals and is in North America, Europe, and Asia Pacific.
Motorola Solutions is a provider of mission-critical communication infrastructure, devices, accessories, software, and services. With its wide range of products and services, it caters to the government, public safety, and commercial industry verticals for enhancing its business operations. Motorola operates through its 2 business segments, namely, products and services. The products segment offers various accessories, infrastructure, devices, municipalities, and software. Its product segment benefits the government, public safety, first-responder agencies, and commercial and industrial customers who operate private communications networks and manage a mobile workforce. Motorola's CommandCentral Vault is a digital evidence management solution that combines all evidence data and manages organizations' workflows, offering a single-click solution. CommandCentral Vault is a cloud-based solution that helps to aggregate and intelligently organize digital content. CommandCentral Analytics also offers role-based intelligence to identify crimes, track down leads and seamlessly share insights.
Founded in 1999, NICE is an Israel-based company offering end-to-end digital transformation. NICE helps public safety & justice agencies to revolutionize the way data is managed with the help of its cloud-based evidencentral platform. An ecosystem of integrated technologies is offered with the evidencentral platform. These features help combine data to provide a single platform, improving incident response, accelerating investigations, and streamlining evidence sharing and disclosure. Evidencentral platform includes NICE Inform, NICE Investigate, and NICE Justice. The company focuses heavily on its inorganic strategies by partnering with various police departments. NICE partnered with various departments in the US and UK in the past few years. This platform is used by more than 3,000 public safety & justice customers. The evidencentral platform manages more than 20 million evidence items. Nice caters to all types of public safety and criminal justice agencies, from emergency communications centers and police departments to prosecutors and courts.
Digital Evidence Management Market by Component (Software, Hardware, & Services), Software (Evidence Collection, Storage & Sharing, Evidence Analytics & Visualization, Evidence Security), Service, Deployment Mode, End User and Region - Global Forecast to 2028
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