The North America Digital Evidence Management Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Technological advancements have had a profound impact on the routine operations of businesses. The criminal and legal investigative division has benefited greatly from the digital era. The utilization of digital evidence, like video surveillance footage, audio recordings, and more, has been a game-changer in terms of enhancing criminal investigations and solving crimes. Increasing rates of digital crime, rising government efforts, and the development of new technologies are anticipated to fuel the expansion of the market for digital evidence management.
For instance, some governments are contemplating equipping police officers with body and dashboard cameras to ensure stricter enforcement of safety regulations. Moreover, higher spending on innovative technologies is predicted to drive the growth of the digital evidence management market throughout the forecast period.
In addition, growing internet penetration, rising cloud computing use in various industries for data sharing and other applications, and evolving legal conditions connected to cybercrime are anticipated to enhance the digital evidence management market. In addition, rising government spending on IT infrastructure in collaboration with major actors is projected to create new revenue opportunities for digital evidence management market. The significant digital revolution and a rising wave of eCommerce have increased the requirement for organizations to verify their customers and guard against account takeovers.
Vulnerabilities in technology or insufficient attention to security by users offer cybercriminals low-risk, high-reward chances for unlawful gain, which are frequently encouraged by inadequate legislation and lax enforcement by nation-states. These crimes range from intellectual property theft (which inhibits US innovation & costs companies billions of dollars) to ransomware. Individuals and businesses continue to be harmed by the escalating rate of cybercrime in Canada. However, the cybercrime and cybersecurity situation in Canada is distinct. Ransomware, data breaches, and fraud are prevalent throughout the country, but to varying degrees compared to its neighbor. The growing crime rate in the region is estimated to lead to market growth for digital evidence management.
The US market dominated the North America Digital Evidence Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,709.7 million by 2028. The Canada market is poised to grow at a CAGR of 12.8% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.8% during (2022 - 2028).
Based on Component, the market is segmented into Software, Hardware and Services. Based on Software Type, the market is segmented into Evidence Collection, Storage & Sharing, Evidence Analytics & Visualization and Evidence Security. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on End User, the market is segmented into Law Enforcement Agencies and Criminal Justice Agencies. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Digital Evidence Management Market is Projected to reach USD 13.2 Billion by 2028, at a CAGR of 11.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Panasonic Holdings Corporation, Motorola Solutions, Inc., NICE Ltd., OpenText Corporation, Axon Enterprise, Inc., Genetec, Inc., IBM Corporation, VIDIZMO LLC, Safe Fleet Acquisition Corp., and Cellebrite DI Ltd.
By Component
By Deployment Type
By End User
By Country
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