PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1274192
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1274192
The law enforcement software market size is expected to grow from USD 16.4 billion in 2023 to USD 25.6 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period. Law enforcement software is one of the most popular software utilized by police officers and federal and government agencies. Law enforcement background check components can reveal various private details, including prior arrests, court records, felony and criminal convictions, sex crime convictions, warrants, and incarceration history. Moreover, driving records, sex offender registries, and social security numbers can all be verified using the law enforcement background check feature. Law enforcement might also search worker's compensation claims, character references, military records, educational records, and records of drug tests using this program. When examining suspects during police investigations, having thorough background check software might be essential.
By component, the service segment to hold the highest CAGR during the forecast period
The law enforcement software market by component is divided into solutions and services. The services segment is estimated to hold the highest CAGR during the forecasted law enforcement software market period. The software life cycle comprises deployment, integration, product upgrade, maintenance, training, consulting, and other services. Implementation services, consulting services, and training and support services make up the bulk of the services section. Law enforcement organizations and agencies use these services to make use of the advantages of cutting-edge technology and improve public safety and security. In addition, law enforcement agencies need advisory services from subject matter experts and consultants to stop criminal activity, speed up reactions to crime, and make the best use of financial resources. These services also support law enforcement in the analysis of crimes and the implementation of preventative measures.
By solutions, the digital policing segment holds the highest CAGR during the forecast period
The solutions segment is further sub-segmented into computer-aided dispatch, record management, case management, jail management, incident response, and digital policing. As per segment, digital policing is expected to hold the highest CAGR during the forecast period. Global policing is evolving. This is influenced by a variety of elements, such as shifting crime trends, rising public expectations, and the need to be more effective. Technology makes many of these variables easier, which can also play a crucial role in finding a solution. For law enforcement agencies, and organizations to manage massive amounts of data effectively, law enforcement software is becoming increasingly important.. As law enforcement acts swiftly during an incident, they require accurate and timely information. Growing public demand for better law enforcement has accelerated the digital transformation of the police department.. Further, with even fewer data, the police forces can operate effectively and efficiently due to modern policing technology. Moreover, digital policing enables law enforcement organizations to digitally compile evidence and associated data, examine criminal trends, and safely communicate the evidence with other organizations.
Asia Pacific is estimated to hold the highest CAGR during the forecast period
Asia Pacific, one of the world's digital hotspots has been quick to see the advantages of cloud computing as a tool for digital transformation. The region includes Australia and New Zealand (ANZ), China, Japan, and the rest of Asia Pacific. These economies are technology-driven and offer major opportunities for law enforcement solution vendors as the region has undergone significant political, social, and economic development over the past five years. The sophistication of cyber threats has led some nations, including Australia and New Zealand, China, and Japan, to introduce new national cybersecurity regulations. Since there is a lot of room for growth for law enforcement software in this region, software developers can take advantage of the chance to enter the local market.
Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the law enforcement software market.
Some of the major law enforcement software market vendors are IBM Corporation (US), Accenture Plc (Ireland), Motorola Solutions Inc (US), Axon Enterprise Inc (Australia), NICE Ltd (Israel), Esri (US), Nuance Communication (US), Palantir Technologies Inc (US), Hexagon Safety and Infrastructure (US), Genetec (Canada), NEC Corporation (Japan), DXC Technology (US), eForce (US), Cybertech Systems and Software Inc. (India), LexisNexis Risk Solutions (India), Cyrun (US), CAPERS Software (US), Presynct Technologies (US), Matric Pointe Software (US), Lexipol (US), Tracker Products (US), and CODY Systems (US).
The market study covers the law enforcement software market across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as component, solution, service, deployment type, and region. It includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall law enforcement software market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies