Global Law Enforcement Software Market is valued USD 9.23 billion in 2016 is anticipated to grow USD 21.44 billion with the compounded annual growth of 9.82% over the forecast period 2018-2025.
New York 14 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Law Enforcement Software market industry is poised to raise USD 21.44 billion by 2025. The major factors speculated to augment the markets are growing requirement for consolidated crime database. These databases allow agencies to get actionable insights from accumulated data concerning the citizen information, crime rate, past criminal records, and homicide reports to lessen crime rates and enhance public safety. Law Enforcement Software automates the processes including investigative casework, report writing, police dispatching, & law enforcement, for assisting the policymakers and the police.
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Global Law Enforcement Software Market Size Study By Component (Software and Services), By Deployment (On-Premise, and Cloud-Based), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Forensic Logic, Abbott Laboratories, IntelliChoice, DFLABS, eFORCE Software, Motorola Solutions, DataDriven, Wynyard Group, Resolver, IBM, 911 Tech, Crimestar Corporation CSE, Alert Public Safety Solutions, Envisage Technologies, Blackthorn GRC, Numerica Corporation, Competitive Edge Software, Digital Design Group, Larimore Associates, Computer Information Systems, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than 20% of the total market in 2016.
- Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by almost over XX% CAGR over the forecast period 2018-2025.
- M&A activities along with subsidiary formation are key strategies observed that are being taken by major players.
Bizwit Research & Consulting LLP has considered following segments for the study:
- North America
- Asia Pacific
- Latin America
- Rest of the World