Digital Evidence Management Market size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

Digital Evidence Management Market Size

Digital Evidence Management Market size is poised to expand at a notable CAGR from 2024 to 2032, attributed to the rising adoption of digital technologies by law enforcement agencies to manage data efficiently. To cite an instance, in May 2023, Axon, a leading public safety technology firm, announced that the San Bernardino County District Attorney's Office signed a 10-year contract with Axon Justice Premier for managing digital evidence. Such management solutions are allowing the police to be more transparent in their work and fight crime by collecting evidence and speeding up the investigation process.
 

The market growth can also be credited to the connectivity facilitated by the advent of the internet and the adoption of digital technology in the form of smartphones and computers. Due to technology-related benefits, such as increased connectivity, improved productivity, and reduced operating costs & time required to perform various procedures, government authorities are increasingly establishing strategies to implement digital solutions across business verticals. Furthermore, the growing use of the IoT, strict government regulations, and increased cyberattacks on companies are expected to boost the market adoption.
 

However, the lack of specialist skills along with the use of technical equipment and advanced encryption in new mobile applications can hinder the industry demand to some degree.
 

Digital Evidence Management Market Trends

The ongoing efforts by companies to introduce innovative solutions, such as cloud-based platforms and AI-powered analytics, to enhance the management and analysis of digital evidence will boost the market demand. Moreover, the integration of blockchain technology ensures the integrity and security of evidence chains. Several organizations are focusing on streamlining the workflows and improving investigative capabilities, further providing potential growth opportunities to the market players.
 

For instance, in July 2023, Detego Global, launched Detego Analyse AI+ to significantly enhance its central analytical system by integrating cutting-edge AI technology to empower investigators and speed up the analysis of critical evidence. Such advancements are helping cater to the increasing demand from law enforcement, government agencies, and enterprises, thereby propelling the industry growth.
 

Digital Evidence Management Market Analysis

The market value from the services segment is expected to record substantial growth between 2024 and 2032. Various services are provided for digital evidence management including training & education, system integration, and support & maintenance. These services help investigators to perform well-structured investigations. Digital evidence service providers also offer customized services as per the organizational requirements, further contributing to the market expansion.
 

Based on end-user, the market from the law enforcement agencies segment is expected to witness high demand through 2032. Law enforcement agencies have emerged as huge consumers of digital evidence as they are increasingly using it to prevent, investigate, and solve crimes through different methods to detect and arrest criminals. Law enforcement officers are required to perform forensic work on computers confiscated during arrest or seizure to obtain information. The information can also be used as evidence in court after being sent electronically from an external hard drive along with the complete justice file. These benefits are likely to promote the segment growth.
 

North America digital evidence management market is set to exhibit robust growth up to 2032. The high awareness and rising adoption of technology is leading to a greater need for the development of cybersecurity solutions in the region.. Moreover, North America is home to key players in the digital forensics industry, such as IBM, Cisco, and FireEye, that specialize in problem-solving businesses, such as LogRhythm, Training Software, Access Data, and Paraben, subsequently augmenting the regional industry outlook.
 

Digital Evidence Management Market Share

Key digital evidence management firms are focusing on meeting the consumer and end-user demands by adding new features to their products. Ongoing R&D activities and partnership strategies are also essayed by them to hold a significant market position.
 

Some major digital evidence management industry players include-

• Panasonic
• IBM
• Motorola
• Msab
• Opentext
• Cellebrite
• Paraben
• Quetel
• Oracle
• NICE
• Hitachi
• Capita
• Vidizmo
• Porter Lee
• Soleratec
• Veripic
• Fileonq
• Intrensic
• Foray
• Watchguard
   

Digital Evidence Management Industry News

• In April 2023, IBM introduced its IBM Security QRadar Suite designed to unify and accelerate the expertise of security analysts throughout the incident lifecycle. The suite expands the QRadar brand to include all core security threat detection, investigation, and response technologies, with a significant investment in portfolio innovations.

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