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Law Enforcement Software Market by Component, Solution, Service, Deployment Type And Region - Global Forecast to 2023

Law Enforcement Software Market: Global Forecast until 2023

  • August 2018
  • 134 pages
  • ID: 5482958
In this report:
The global law enforcement software market is expected to reach USD ##,##.## million by 2023, at a CAGR of ##.##% during the forecast period.
The global implementation services segment is expected to gain traction during the forecast period and projected to reach the market size of USD ##,##.## million by 2023, at a higher CAGR of ##.##% during the forecast period.

Summary

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The overall law enforcement software market size to grow at a compound annual growth rate (CAGR) of 9.3% during the forecast horizon.

MarketsandMarkets expects the law enforcement software market size to grow from ~$11.6B in 2018 to ~$18.1B by 2023, at a Compound Annual Increase rate of 9.30 percent during the forecast period. Main increase factors for the industry contain an growing focus on community-oriented policing, the increasing adoption of IoT-enabled products and social media platform, and increasing demand for mobile-based law enforcement software. Nevertheless, changing government compliances and regulations could restrain the market increase.

Implementation services segment to account for a larger market size during the outlook period

Implementation services in the law enforcement software market include analyzing the agencies' need, understanding the operational functionalities of the existing systems, and integrating value-added features as per the specific requirements of law enforcement organizations and agencies.Implementation services help law enforcement organizations to enhance their response towards crime incidents and boost global investigation process.

As well, these services also help law enforcement organizations to formulate effective strategies to solve crime incidents and take proactive measure to prevent future criminal incidents.

Digital policing solution segment to grow at a better compound annual growth rate during the estimate period

The digital policing solution segment is anticipated to grow at a better compound annual growth rate during the outlook period.Law enforcers need accurate and timely information to rapidly respond during an incident.

In this digital era, law enforcement software can be helpful to law enforcement professional agencies in collecting evidence and related information digitally, analyze crime patterns, and securely share the evidence with other agencies. This adoption allows the cloud segment to account for a considerable market size during the estimate period.

Asia-Pac to record increase at the highest CAGR (Compound annual growth rate) during the outlook period

North America (NA) is expected to account for the biggest industry size in 2018, while Asia-Pacific to grow at the highest compound annual growth rate (CAGR) during the estimate period.Asia-Pac is a lucrative market for law enforcement software providers during the outlook period, considering the technological advancements and the rising criminal incidents.

Multinational firms explore the Asia-Pac market with local partners, channel partners, and technology partners. Also, the growing adoption of the cloud and mobile technologies by big diversified populations would lead to the quick implementation of law enforcement software in main APAC countries, including Japan, China (CN), and Australia (AU).

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with the main people. The distribution of profiles of the primary participants is presented below:

• By Company category: Tier 1 - 40.0 percent, Tier 2 - 35.0 percent, and Tier 3 - 25.0 percent

• By Description: C-suite - 45.0 percent, D-level - 30.0 percent, and Others - 25.0 percent

• By Area: North America continent - 35.0 percent, Asia Pacific (APAC) - 30.0 percent, Europe (EU) - 20.0 percent, and rest of the world - 15.0 percent

Main vendors in the law enforcement software market contain IBM (NYSE:IBM), Accenture, Oracle Corporation (NYSE:ORCL), Motorola Solutions, Axon, CyberTech, Nuance Communications, Esri, Palantir Technologies, eFORCE Software, Wynyard Group, DFLABS, ARMS, PTS Solutions, Hexagon Safety & Infrastructure, CODY Systems, Column Technologies, Cyrun, Incident Response Technologies, Numerica Corporation, Diverse Computing, Omnigo Software, Alert Public Safety Solutions, CAPERS, and BlueLine Grid.

Segment Research

The industry report on the law enforcement software market segments the market by component, solution, service, deployment type, and area. The study would benefit industry top players/new sector entrants in this sector in these ways:

The document breaks down the law enforcement software market comprehensively and offers the best approximations of the revenue data for the global market and its sub-segments.The industry numbers are further split across distinct law enforcement solutions and localities.

Furthermore, the analysis splits the sector into on-premises and cloud deployment types.

Reasons to Buy the Report

From an insight prospect, this market research highlights on several levels of analysis - the market size of the overall market and sub-segments; review of the top actors and company descriptions, which together comprise and examine basic views on the competitive landscape; coming out and high-growth segments of the law enforcement software market; and high-growth areas and their respective drivers, market restraints, opportunities, and alternatives.

The market research will facilitate both established companies, as well as new entrants/smaller companies to measure the pulse of the sector, which in turn, could assist companies in garnering a greater market share.

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