According to the report published by Allied Market Research, the global law enforcement software market amassed revenue of $13.6 billion in 2021, and is expected to hit $30.6 billion by 2031, registering a CAGR of 8.5% from 2022 to 2031. The market research study provides a detailed analysis of changing industry trends, top-most segments, value chain analysis, key investment business scenarios, regional space, and competitive space.
The on-premise segment held the largest share in 2021, contributing to more than half of the overall law enforcement software market share. Moreover, this segment is predicted to account for the highest market share by 2031. However, the cloud segment is also anticipated to record the fastest CAGR of 9.1% during the forecast timeframe.
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Based on region, North America contributed toward the highest market share in 2021, accounting for more than one-third of the global law enforcement software industry share. Moreover, the Asia-Pacific region is set to contribute majorly toward the global market share in 2031. However, the Asia Pacific law enforcement software market is predicted to register the highest CAGR of 10.5% during the forecast timespan. The research also analyzes regions including LAMEA and Europe.
Key participants in the global law enforcement software market examined in the research include Accenture, ALEN Inc., CAPERS Software, CODY Systems, Column Case Management, Cyrun, eForce, Esri, Guardian Alliance Technologies, Hexagon AB, IBM Corporation, Lexipol LLC, Matrix Pointe Software, LLC, NICE, Omnigo Software, Presynct Technologies, Inc., and Tracker Products.
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The report evaluates these major players in the global law enforcement software industry. These players have executed a gamut of major business strategies such as the expansion of regional and customer base, new product launches, strategic alliances, and joint ventures for expanding product lines across global markets. The market research report supports the performance monitoring of each segment, the positioning of each product in respective segments, and the impact of new technology.
KEY FINDINGS OF THE STUDY
- By offering, the solution segment accounted for the largest law enforcement software market share in 2021.
- By region, North America generated highest revenue in 2021.
- By deployment, the on-premise segment generated the highest revenue in 2021.
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