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I AgreeAnalysis of Law Enforcement Software Market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global law enforcement software market is set to witness steady growth of about 9% during the forecast period 2021-2031. The increased adoption of smart city infrastructure, coupled with rising urbanization, is estimated to boost the adoption of law enforcement software globally. Countries such as Australia, China, Japan, and India are technology-driven economies and offer major opportunities for law enforcement solution vendors.
Smart city initiatives along with growing adoption of IoT for public safety are likely to contribute majorly towards the law enforcement software demand. Also, increasing awareness among federal agencies about the law enforcement solutions is expected to further accelerate the growth in the adoption rates of digital policing solutions across geographies.
Furthermore, as terrorism remains a significant threat, some of the developing economies have been strongly embracing the emerging technologies for monitoring and surveillance activities, such as license plate recognition and facial-recognition. Therefore, trends such as the incorporation of law enforcement solutions with artificial intelligence know-hows, are estimated to provide momentum for the acceptance of similar capabilities and technologies in this market.
The use of advanced software, such as predictive analytics, digital & mobile forensics, and crime analytics by law enforcement agencies is on the rise, mostly because the world is experiencing robust digital transformation and police forces are expected to be able to work from the office and the street seamlessly. This is creating new opportunities, not only for the modernization of legacy systems such as computer aided dispatch and record management systems, but also for the implementation of new and advanced capabilities such as forensic case management, body worn cameras, predictive policing, crime analytics, digital & mobile forensics, and digital evidence management.
Law enforcement departments are now relying more than ever on advanced technologies such as: financial investigations, cyber defense activities, big data & data analytics, and more to conduct their everyday operations
US is one of the major revenue generation source for law enforcement software globally. The United States has always remained at the forefront of technology adoption across industries, given its strong economy and government support. Thus, North America majorly driven by the US, is likely to hold a substantial share in the global law enforcement software market. This growth is attributed to the presence of large number of vendors setting up their businesses in the region, such as Oracle Corporation, IBM Corporation, Omnigo Softwares and others offering advanced solutions for law enforcement operation management.
Moreover, Canada government is also significantly investing in data protection and public safety strategies. For instance, in the House of Commons, Canadian legislators recently introduced Bill C-11 to enact the Consumer Privacy Protection Act. This bill embodies the principles of Canada's digital charter, which envisages the internet as a tool for both innovation and public good.
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In the past five years, Asia Pacific has experienced tremendous political transformations, social changes, and economic growth. Most of the economies in the region are more vulnerable to cyberattacks due to presence of numerous users in the region who are technologically unsecured and therefore are becoming primary targets for cybercriminals.
As APAC is an emerging economy, it is observing vibrant changes in the implementation and adoption of new technologies with the proper infrastructure. Countries such as China, Singapore, and Japan had launched new national cybersecurity policies, owing to the sophistication of cyber threats. Hence, software vendors can tap the opportunity to enter APAC market as there is a huge potential in this region for the law enforcement software growth.
The major economies in Asia Pacific include Japan, China, Australia and New Zealand, and others. Since these economies are technology-driven, they offer lucrative business opportunities for law enforcement solution providers. Additionally, developing countries in the region such as China and India are likely to become an important prospect for law enforcement software vendors owing to the efforts of the central and local governments to decrease the response time in case of crisis or emergencies.
Some of the leading players of law enforcement software include IBM, Motorola Solutions, Accenture, Hexagon Technologies, Genetec, NICE Systems, Palantir Technologies, Qognify Inc., Nuance Communications, Inc., CNL Software Ltd., and Cisco Systems, Inc. among others.
The vendors have been developing a significant number of innovations to increase their overall presence by introducing enhanced solutions in the market. These vendors possess strong geographic footprint and a huge customer base backed by organized distribution channels, in order to increase revenues
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Demand for law enforcement software is estimated to rise at a 9% CAGR through 2031.
The Asia Pacific law enforcement software market is anticipated to progress at the highest CAGR of all regions across the forecast period.
Currently, law enforcement software demand accounts for a value of US$ 13.9 billion.