
Report ID: SQMIG45A2593
Skyquest Technology's expert advisors have carried out comprehensive research on the digital evidence management market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.
Growing Need for Cybersecurity and Digital Forensics
Advancements in AI and Machine Learning Technologies
Data Privacy and Compliance Challenges
High Costs of Implementation and Integration
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Global Digital Evidence Management Market size was valued at USD 7.7 billion in 2023 and is poised to grow from USD 8.63 billion in 2024 to USD 21.52 billion by 2032, growing at a CAGR of 12.1% during the forecast period (2025-2032).
The Digital Evidence Management (DEM) market is highly competitive, with companies focusing on innovation and technological advancements to gain market share. Key players such as Axon, Motorola Solutions, and Nice Systems are adopting strategies like product diversification, AI integration, and strategic partnerships. In 2023, Axon expanded its market leadership by launching its “Axon Evidence 8” platform, which integrates cloud-based solutions and AI-driven analytics to automate evidence categorization and enhance security. This move aligns with increasing demand for digital forensics tools that streamline the investigative process. 'Motorola Solutions, Inc.', 'NICE Ltd.', 'OpenText Corporation', 'Axon Enterprise, Inc.', 'Genetec Inc.', 'Cellebrite DI Ltd.', 'Safe Fleet Holdings, LLC', 'VIDIZMO LLC', 'Omnigo Software, LLC', 'Exterro, Inc.', 'International Business Machines Corporation (IBM)', 'Oracle Corporation', 'Hitachi, Ltd.', 'NEC Corporation', 'Hytera Communications Corporation Limited', 'Micro Systemation AB (MSAB)', 'Veritone, Inc.', 'Reveal Media Ltd.', 'VeriPic, Inc.', 'StorMagic Ltd.'
As cybercrimes continue to escalate globally, the demand for digital evidence management solutions is increasing. Governments and law enforcement agencies are adopting advanced tools to manage and secure digital evidence. In 2023, the FBI's Internet Crime Complaint Center (IC3) received 880,418 complaints, marking a 10% increase from 2022. These complaints resulted in reported losses exceeding $12.5 billion—a 22% rise from the previous year. This trend is expected to continue, further accelerating market growth.
Short-Term: In the short term, the digital evidence management market is seeing increased adoption of AI-powered solutions for data categorization and analysis. Law enforcement agencies are prioritizing enhanced capabilities for managing encrypted and cloud-based evidence. This trend is driven by the need to streamline investigations and handle the growing volume of digital evidence more efficiently, with companies like Magnet Forensics leading this push.
Which Region is Dominating the Digital Evidence Management Market?
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Report ID: SQMIG45A2593
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