Market Size of US Evidence Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | 11.91 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Evidence Management Market Analysis
The US Evidence Management Market is expected to register a CAGR of 11.91% during the forecast period.
Large volumes of evidence are no longer supported on spreadsheets. Instead, evidence is moved to a centralized repository, where an order of custody is maintained, and alerts are set up for evidence management.
- There may be significant case backlogs and data loss, misuse, or redundancy because of the enormous volumes of digital evidence data gathered, processed, stored, and reported daily. Digital evidence management systems are modern, efficient, and secure options for criminal investigations.
- Additionally, digital evidence has considerably improved citizen safety in the United States and fundamentally altered criminal investigations. Investigators in crimes regularly use digital evidence. Due to the common use of cameras, smartphones, tablets, and laptops, and the massive amounts of email, messages, photographs, social media posts, and other digital content, there is now an abundance of digital evidence, which is, in turn, driving the market.
- The global rise in crime has led to the growth of the evidence management industry. The rising requirement for efficient and safe evidence processing in criminal investigations has driven the growing need for advanced evidence management systems.
- Evidence management entails ensuring that the authenticity of the evidence is not altered, storing it in a way that protects the integrity of the evidence, and processing it in such a way that there is no question about evidence tampering. Handling the evidence connected to an event entails storing, categorizing, and maintaining the information so that it is readily available and may be relied upon to show the details of an event as and when required.
US Evidence Management Industry Segmentation
Evidence management is the control and administration of evidence related to an event so that it can be used to prove the event's circumstances to all stakeholders involved. The study analyzes the factors driving and challenging the adoption of evidence management systems, covering all physical tools, software for record-keeping, and services involved in installing and upkeep an evidence management system in the United States.
The United States evidence management market is segmented by deployment (on-premise and cloud) and by component (hardware (body-worn camera, vehicle dash camera, citywide camera, and public transit video) and software (services (consulting, training, and support)). The market sizes and forecasts are provided in terms of value in USD for all the segments.
| By Deployment | |
| On-premise | |
| Cloud |
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| Services (Consulting, Training, and Support) |
US Evidence Management Market Size Summary
The United States evidence management market is experiencing significant growth, driven by the increasing volume of digital evidence generated from various sources such as cameras, smartphones, and social media. This surge in digital content has necessitated the shift from traditional spreadsheet-based systems to centralized digital evidence management systems, which offer enhanced security, efficiency, and order of custody. These modern systems are crucial for maintaining the integrity and authenticity of evidence, especially in the face of rising crime rates. The market is further propelled by the need for advanced solutions that can handle large volumes of data while ensuring seamless integration with law enforcement and legal systems. Cloud-based solutions, in particular, are gaining traction due to their scalability, cost-effectiveness, and ability to facilitate smooth data interchange across various platforms.
The market landscape is characterized by a mix of local and multinational companies, with key players like NICE Ltd, Omnigo Software LLC, Open Text Corporation, Hitachi Vantara LLC, and Panasonic Corporation competing for market share. These companies are actively engaging in partnerships and acquisitions to enhance their product offerings and maintain a competitive edge. The market also sees a focus on providing comprehensive services such as investigation consulting, system integration, and training, which are essential for supporting law enforcement agencies in managing and processing evidence effectively. As the demand for efficient evidence management systems continues to rise, driven by the increasing complexity of criminal investigations and the need for improved citizen safety, the market is poised for substantial growth in the coming years.
US Evidence Management Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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1.4 Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Deployment
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2.1.1 On-premise
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2.1.2 Cloud
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2.2 By Component
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2.2.1 Hardware
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2.2.1.1 Body-worn Camera
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2.2.1.2 Vehicle Dash Camera
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2.2.1.3 Citywide Camera
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2.2.1.4 Public Transit Video
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2.2.2 Software
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2.2.3 Services (Consulting, Training, and Support)
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US Evidence Management Market Size FAQs
What is the current US Evidence Management Market size?
The US Evidence Management Market is projected to register a CAGR of 11.91% during the forecast period (2024-2029)
Who are the key players in US Evidence Management Market?
NICE Ltd, Omnigo Software LLC (QueTel Corporation), Open Text Corporation, Hitachi Vantara LLC (Hitachi Ltd) and Panasonic Corporation are the major companies operating in the US Evidence Management Market.
