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Digital Evidence Management Market by Component, Deployment Type And Region - Global Forecast to 2023

Digital Evidence Management Market: Global Forecast until 2023

  • September 2018
  • 117 pages
  • ID: 5576161
In this report:
AMONG THE DIGITAL EVIDENCE MANAGEMENT SERVICES, THE TRAINING AND EDUCATION SEGMENT IS EXPECTED TO GROW FROM USD ##.## MILLION IN 2018 TO USD ##.## MILLION BY 2023, AT THE HIGHEST CAGR OF ##.##% DURING THE FORECAST PERIOD.
THE OVERALL DIGITAL EVIDENCE MANAGEMENT SOFTWARE MARKET SIZE IS EXPECTED TO GROW FROM USD ##,##.## MILLION IN 2018 TO USD ##,##.## MILLION BY 2023, AT A CAGR OF ##.##% DURING THE FORECAST PERIOD.

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The digital evidence management market is anticipated to rise at a Compound Annual Increase rate of 11.70 percent during the forecast period

The overall digital evidence management market size is forecasted to grow from ~$4.3B in 2018 to ~$7.6B by 2023, at a compound annual growth rate (CAGR) of 11.7% during the forecast horizon. The main factors that are forecast to steer the rise of the digital evidence management market contain the increasing rate of digital crimes, growing government initiatives, and emerging technologies. Additionally to this, the growing investments in the emerging technologies are also anticipated to be one of the biggest and most important factors for the market rise. Nevertheless, the lack of skilled professionals and hesitancy of legal officers over sharing digital evidence may hamper the market increase.

The evidence collection, storage, and sharing segment to have the biggest market share during the outlook period

Digital evidence management software assists institutions in managing digital evidence, benefits investigators upload the digital evidence data by ensuring integrity and authenticity of files, and offers easy search and share of the critical data.Collecting, sharing, and storing evidence data are very crucial during criminal investigations, as it is important to maintain integrity of evidence during the investigation process.

The evidence collection, storage, and sharing software helps manage the evidence collected from various sources, including emails, text messages, transactions, online accounts, images, and browsing histories. Humungous data generated from these sources is one of the main factors anticipated to growth the industry demand for digital evidence management software.

North America continent to hold the biggest sector size, while Asia-Pacific to grow at the highest CAGR (Compound annual growth rate) during the estimate period

North America (NA) is forecasted to hold the biggest industry size, due to the presence of a big number of digital evidence management vendors in the territory and distinct government initiatives for evidence security.The increasing adoption of technologies and rising need for law enforcement agencies to share confidential data are significant factors driving the digital evidence management market in North America continent.

Moreover, the USA is forecasted to dominate the global digital evidence management market in North America (NA).

Asia Pacific (APAC) is anticipated to grow at the highest compound annual growth rate (CAGR) during the outlook period, as APAC countries are strongly focusing on market investments and government actions in the emerging technologies to enhance the digital evidence management market.Other Elements such as the growing government initiatives and education programs, and increasing technologies are anticipated to contribute to the increase of the digital evidence management market in this area.

Furthermore, APAC organizations are focusing on the emerging technologies, including IoT, Artificial Intelligence, and cloud.

In the process of finding out and checking the market size of different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of the profiles of the primary participants is like:

• By Organization: Tier: 1: 30 %, Tier 2: 40.0 percent, and Tier 3: 30.0 percent

• By Description: C-suite: 72.0 percent, D-level: 14.0 percent, and Others: 14.0 percent

• By Area: North America continent: 57.0 percent, Europe (EU): 14.0 percent, and Asia-Pac: 29.0 percent

The digital evidence management market includes different main vendors, including Panasonic, Motorola, NICE, AcsessData, MSAB, OpenText, Digital Detective, Cellebrite, Paraben, QueTel, IBM (NYSE:IBM), Oracle Corporation (NYSE:ORCL), Hitachi, Capita, Vidizmo, Coban,Reveal Media, Porter Lee Corporation, SoleraTec, VeriPIc, FileOnQ, Tracker Products, Intrensic, Foray, and WatchGuard.

Segment Research

The market research includes a detailed competitive analysis of the top players in the digital evidence management market, together with their company descriptions, recent evolutions, and key industries strategies. It segments the digital evidence management market by component (hardware, software, [evidence collection, storage, and sharing; evidence analytics and visualization; and evidence security], and services) [digital investigation and consulting, system integration, training and education, and support and maintenance]), deployment type, and area.

Why acquiring this study can help you:

The digital evidence management market is broken down on the basis of components (hardware, software [evidence collection, storage, and sharing; evidence analytics and visualization; and evidence security], and services [digital investigation and consulting, system integration, training and education, and support and maintenance]), deployment types, and localities.

The study would benefit the market top players/new sector entrants in the digital evidence management market in these ways:

1. The digital evidence management market's revenue stream has been estimated based on the incomes generated by vendor offerings (hardware, software, and associated services). The analysis offers the best approximations of the revenue data for the global market's segments and sub-segments.

2. The market research benefits partners distinguish the pulse of the sector and offers them with info about the main market drivers, market restraints, opportunities, and alternatives.

3. It would benefit partners comprehend their players and obtain additional insights to enhance their market positions. The competitive outlook section includes players' ecosystem, new industry product developments, alliances, and mergers and acquisitions.

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