Revenues from Law Enforcement Software Market to top $18.13 billion by 2023

Law enforcement software market categorizes the global market by component, by solution, by service, by deployment type & by region.

(EMAILWIRE.COM, May 09, 2019 ) The growth of market is fuelled by an increasing focus on community-oriented policing, the growing adoption of IoT-enabled products and social media platform, and rising demand for mobile-based law enforcement software.

MarketsandMarkets expects the global law enforcement software market size to grow from USD 11.64 billion in 2018 to USD 18.13 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period.

The report segments law enforcement software market by component, solution, services, deployment type, and region. The services segment could grow at a high rate, as law enforcement services help law enforcers in crime analysis and taking proactive measures to prevent future occurrences. In the services segment, the implementation services segment is expected to grow at a higher CAGR during the forecast period.

The cloud segment is expected to grow at a higher CAGR during the forecast period, due to the various benefits, such as cost-efficiency, scalability, high computing speed, and reduced expenditure on Information Technology (IT) infrastructure.

Major vendors in the law enforcement software market include IBM (US), Accenture (Ireland), Oracle (US), Motorola Solutions (US), Axon (US), CyberTech (India), Nuance Communications (US), Esri (US), Palantir Technologies (US), eFORCE Software (US), Wynyard Group (US), DFLABS (Italy), ARMS (US), PTS Solutions (US), Hexagon Safety & Infrastructure (US), CODY Systems (US), Column Technologies (US), Cyrun (US), Incident Response Technologies (US), Numerica Corporation (US), Diverse Computing (US), Omnigo Software (US), Alert Public Safety Solutions (US), CAPERS (US), and BlueLine Grid (US).

North America is expected to be the largest contributor to the law enforcement software market in terms of regional revenue. This region comprises developed countries: the US and Canada. North America is an early adopter and a host to innovative initiatives for advanced security solutions and practices. Many agencies are adopting various law enforcement solutions in North America, due to an increased focus on public safety.

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