Technavio has been monitoring the law enforcement software market, operating under the information technology industry. The latest report on the law enforcement software market, 2020-2024 estimates it to register an incremental growth of USD 437.24 million, at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Law Enforcement Software Market 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Abbott Laboratories, Accenture Plc, DFLabs Spa, eFORCE Software, Forensic Logic COPLINK, International Business Machines Corp., Microsoft Corp., Motorola Solutions Inc., Oracle Corp., and Resolver Inc. are among some of the major market participants.
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The need for effective communication in law enforcement has been instrumental in driving the growth of the market. There is an increasing demand for police dispatch software, prison management software, and automatic vehicle location (AVL) software to simplify and improve communication among law enforcement professionals. However, the high implementation and maintenance costs might hamper the market growth.
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Law Enforcement Software Market 2020-2024: Segmentation
Law Enforcement Software Market is segmented as below:
Based on geographic segmentation, over 42% of the market’s growth originated from North America during the forecast period. In addition, the on-premise segment led the growth under the deployment segment This report provides an accurate prediction of the contribution of all the segments to the growth of the law enforcement software market size.
Law Enforcement Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The law enforcement software market report covers the following areas:
Law Enforcement Software Market Size
Law Enforcement Software Market Trends
Law Enforcement Software Market Industry Analysis
This study identifies the integration of video analytics with video enforcement software as one of the prime reasons driving the Law Enforcement Software Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Law Enforcement Software Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist law enforcement software market growth during the next five years
Estimation of the law enforcement software market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the law enforcement software market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of law enforcement software market, vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Deployment
Comparison by Deployment placement
On-premises - Market size and forecast 2019-2024
Cloud-based - Market size and forecast 2019-2024
Market opportunity by Deployment
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Forensic Logic COPLINK
International Business Machines Corp.
Motorola Solutions Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005528/en/