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Global Digital Evidence Management Market Report 2023: Growing Volume of Digital Evidence Bolsters Sector

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Dublin, May 03, 2023 (GLOBE NEWSWIRE) — The “Global Digital Evidence Management Market Size, Share & Industry Trends Analysis Report by Component, Deployment Type, End User, Regional Outlook and Forecast, 2022-2028” report has been added to ResearchAndMarkets.com’s offering.

The Global Digital Evidence Management Market size is expected to reach $13.2 billion by 2028, rising at a market growth of 11.4% CAGR during the forecast period.

Digital evidence is any probative material recorded or communicated in digital format that may be used at trial. Before accepting digital evidence, a judge will consider its relevancy, authenticity, hearsay status, and if a copy of the original is necessary. The discovery of vast evidence data is being migrated from spreadsheets to a centralized repository, where the chain of custody is maintained and evidence management alerts are configured.

Worldwide, law enforcement agencies have begun adopting body-worn cameras as a viable approach for enhancing evidentiary outcomes, increasing officer safety, and strengthening officer-community interactions. The cameras have also proven to be a crucial resource for problem-solving, broader law enforcement, and community involvement methods inside jurisdictions.

With millions of vehicles on the road every day, accidents are inevitable. Due to a spike in the frequency of accidents and car thefts, the government has mandated the installation of dashboard cameras, resulting in a considerable increase in dashcam usage over the past few years.

If hackers manage to gain access to the system, collected data may be compromised. Even a single piece of missing or manipulated data could provide difficulty for law enforcement. As data is created from many sources, such as e-mails, transactions, text messages, online accounts, photographs, and browsing histories, the digital evidence management system must be tamper-resistant.

Market Growth Factors

Growing volume of digital evidence

Digital evidence is frequently used in crimes in the contemporary world. The amount of digital evidence has multiplied due to the widespread use of cameras, cell phones, laptops, tablets, and huge volumes of email, texts, social media posts, images, and other digital content. Systems for managing digital evidence have evolved into indispensable tools for forensic analysts, supporting the complete lifecycle of the evidence. Due to this increased volume of digital evidence, the digital evidence management market is predicted to witness a significant upsurge in the upcoming years.

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions.

Surge usage of emerging technologies in digital evidence management

One of the most common applications of artificial intelligence in video analysis is allocating a zone in the video frame in which any movement triggers an alert. This capability is utilized by retail loss prevention officers to draw attention to activity near high-priced products or to check archived film to establish when an item was removed from a shelf. When provided with descriptive parameters or an example, AI can locate things within a video frame. In a simpler application, AI can analyze a large volume of footage for the presence of a specific car model if it is provided with the vehicle’s dimensions, shape, and even color.

Market Restraining Factors

Hesitancy over sharing digital evidence

Despite the fact that digital evidence management aids law enforcement agencies in conducting investigations more efficiently, there remains a considerable gap that has law enforcement agencies concerned. These gaps comprise data tampering and manipulation, which can still be overcome with the assistance of market offerings. Still, the issue of data interchange security has not yet been handled. Due to these concerns, the legal officer hesitates to release digital evidence, which may result in lower adoption of digital evidence management solutions, thereby hindering market expansion.

Component Outlook

Based on component, the digital evidence management market is segmented into hardware, software and services. The software segment held the highest revenue share in the digital evidence management market in 2021. Police officers or criminal investigators utilize digital evidence management software to organize digital photos, body camera footage, video surveillance footage, filmed interviews, voice recordings, and physical evidence & property. Moreover, standard solutions incorporate police records, forensics or lab reports, CAD narratives, and more.

Deployment Type Outlook

On the basis of deployment type, the digital evidence management market is divided into on-premise and cloud. The on-premise segment garnered a significant revenue share in the digital evidence management market in 2021. Users do not need an internet connection to access data, which is one of the key benefits of on-premises storage. On-premises servers are inaccessible outside the network since they do not save data online. On-premise digital evidence management firms do not need to request an upgrade to their storage plan or the addition of new capabilities from a cloud storage provider; rather, they can perform the changes themselves.

End-user Outlook

By end user, the digital evidence management market is classified into law enforcement agencies and criminal justice agencies. In 2021, the law enforcement agencies segment registered the maximum revenue share in the digital evidence management market. Public safety & law enforcement agencies can use digital evidence management solutions to manage, store, analyze, and exchange a growing amount of digital evidence. It can be deployed on-premises or in the cloud. Many sources may provide the evidence, including dashcams, body-worn cameras, CCTV cameras, and phone records. The system keeps the degree of compliance at its highest.

Regional Outlook

Region-wise, the digital evidence management market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2021, the North America region led the digital evidence management market by generating maximum revenue share. The regional market for digital evidence management has developed significantly. Since 2014, when government financing initiatives for law enforcement body-worn cameras were announced in the United States, the use of body-worn cameras has developed significantly.

Strategies Deployed in Digital Evidence Management Market
Partnerships, Collaborations and Agreements:

  • Feb-2023: Safe announced a multi-year licensing agreement with Rekor Systems, an AI technology company for offering insights that make cities smarter, safer, and more efficient, for Rekor’s AI-powered vehicle identification and LPR technology for the next-generation violation detection platform for Law Enforcement in-car Automated License Plate Recognition (ALPR), Transit Automated Bus Lane Enforcement (ABLE), and School Bus Stop Arm Violation Detection. With this integration, the company aims to empower customers with new tools for accelerating roadway safety, protecting communities, and improving transit operations.
  • Jul-2022: Cellebrite DI Ltd. partnered with Chainalysis, the blockchain data platform, for helping customers in recognizing and assessing criminal activity involving cryptocurrency easily at the time of digital investigations for expediting their resolution.

Product Launches and Product Expansions:

  • Oct-2022: Cellebrite made an enhancement to its investigation and evidence management solution, Cellebrite Guardian, with the addition of new features, focused on the ethical treatment of digital evidence. Cellebrite Guardian is a SaaS-based solution that can be deployed right away, is extremely secure, breaks through organizational silos, and links all stakeholders. For unrestricted evidence access and sharing as well as quick evidence sharing and evaluation for intra- and inter-agency real-time collaboration, turn to Cellebrite Guardian. Cellebrite Guardian’s new feature, the additional level of the visual cue, makes sure that every content is handled with the highest care.

Scope of the Study
By Component

  • Software
    • Evidence Collection, Storage & Sharing
    • Evidence Analytics & Visualization
    • Evidence Security
  • Hardware
  • Services

By Deployment Type

  • Cloud
  • On-premise

By End-user

  • Law Enforcement Agencies
  • Criminal Justice Agencies

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players
List of Companies Profiled in the Report:

  • Panasonic Holdings Corporation
  • Motorola Solutions, Inc.
  • NICE Ltd.
  • OpenText Corporation
  • Axon Enterprise, Inc.
  • Genetec, Inc.
  • IBM Corporation
  • VIDIZMO LLC
  • Safe Fleet Acquisition Corp.
  • Cellebrite DI Ltd.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview

Chapter 3. Competition Analysis – Global

Chapter 4. Global Digital Evidence Management Market by Component

Chapter 5. Global Digital Evidence Management Market by Deployment Type

Chapter 6. Global Digital Evidence Management Market by End-user

Chapter 7. Global Digital Evidence Management Market by Region

Chapter 8. Company Profiles

Companies Mentioned

  • Panasonic Holdings Corporation
  • Motorola Solutions, Inc.
  • NICE Ltd.
  • OpenText Corporation
  • Axon Enterprise, Inc.
  • Genetec, Inc.
  • IBM Corporation
  • VIDIZMO LLC
  • Safe Fleet Acquisition Corp.
  • Cellebrite DI Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/mzfaen

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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Artificial Intelligence


Infosys collaborates with Microsoft to accelerate and democratize industry-wide adoption of generative AI





 






Published
 2 hours ago 
on
 September 26, 2023





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Both companies will help enterprises take an AI-first approach to scale next-generation AI solutions to improve operational efficiencies, drive revenue growth, and enable business transformation

BENGALURU, India, Sept. 26, 2023 /PRNewswire/ — Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced that it is collaborating with Microsoft to jointly develop industry leading solutions that leverage Infosys Topaz, Azure OpenAI Service and Azure Cognitive Services. Both organizations are bringing together their respective artificial intelligence (AI) capabilities to enhance enterprise functions with AI-enabled solutions across multiple industries. The integrated solutions will accelerate rapid democratization of data and intelligence that will help businesses increase productivity and drive new revenue growth.


Generative AI has opened new avenues of AI applications and key enterprise functions across industries, and Infosys is providing services, frameworks, solutions, and platforms in multiple application areas, such as semantic search, document summarization, contact center transformation, AI-augmented software development lifecycle (SDLC) and marketing content creation. For example, Infosys helped a leading financial services company implement an AI-based solution to generate document summaries and provide a semantic search capability using generative AI. This resulted in automated organization of documents, which significantly reduced efforts and improved productivity of their financial advisors.

Through the collaboration with Microsoft, Infosys Topaz is using Azure OpenAI Service and Azure Cognitive Services to augment its capabilities, in order to help enterprise customers transition from digital to AI solutions. The integrated solutions will boost customers’ operational efficiency, decrease turn-around-time, future-proof investments, and open new business models.

Balakrishna D. R. (Bali), Executive Vice President and Global Head – AI and Automation, Application Development & Maintenance, Infosys, said, “Infosys Topaz is empowering businesses with improved operational efficiencies and reduced time-to-market for launching new products and services. It converges the power of Infosys Cobalt and data analytics to AI-power business and deliver cognitive solutions and intuitive experiences that revitalize growth. Through our strategic collaboration with Microsoft, we will continue to lead the generative AI revolution, helping businesses amplify human potential and navigate their next towards becoming AI-first enterprises.”

Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, “We’re pleased to expand our collaboration with Infosys to deliver innovative solutions, utilizing Azure OpenAI Service and Azure Cognitive Services, that will help customers develop new business models, and realize new revenue streams. By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation.”

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.

Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

 

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Artificial Intelligence


Vena Closes First Half of 2023 With Record Revenue, Customer Base and Partnerships





 






Published
 2 hours ago 
on
 September 26, 2023





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CPM leader notches impressive year-over-year revenue growth alongside continued recognition of platform capabilities  

TORONTO, Sept. 26, 2023 /PRNewswire/ — Vena, the Intelligent Complete Planning platform loved by finance and trusted by business, entered the second half of 2023  with considerable customer momentum and revenue growth following fiscal H1. The company welcomed more than 200 new customer wins and saw continued success across Vena’s Services and Solutions Partner Ecosystem.  


Vena’s award-winning cloud corporate performance management (CPM) software empowers leading companies and organizations worldwide, such as Nike, Kansas City Chiefs, Coca-Cola Consolidated, WWF-Canada and over 1,600 more, to plan for anything and succeed through today’s uncertainty. For Metro Supply Chain Group, Vena has helped them run multliple scenarios and use multiple forecasts to aid decision making. “Operational metrics are important, but the story is not complete until you can see how they impact your costs, revenue and EBITDA margins. Vena is our way of bringing that all together and measuring the health of our business,” explains Paolo Mari, VP of Business Analytics and Commercial Management at Metro Supply Chain Group. 

According to Vena CEO Hunter Madeley, Vena’s growth has been fueled by the ever-increasing need for customers to derive insights from internal and external data and take purposeful action.  

“Our customers are leveraging Vena to navigate their best path through what continues to be highly variable market conditions for most organizations. The Vena Insights product, which puts the power of AI in the hands of our customers, has seen tremendous uptake this year as finance and operations teams become stronger strategic partners for their organizations. Whether leaning on the experience and knowledge of our service and support teams, or the strength of our expansive Partner ecosystem, our customers are taking full advantage of the investments we continue to make in our platform. We remain grateful to the entire Vena community for their continued support, and we look forward to serving record numbers of customers and partners in 2023,” says Madeley. 

The company, which offers an industry-leading corporate performance management platform that helps organizations plan for anything, also hosted another successful Excelerate Summit in May. The yearly global virtual summit and new this year, a local in-person event in the UK, featured 40+ speakers and drew more than 3,000 finance and business leaders from around the world. Vena previewed expanded solution offerings, including new Partner-built preconfigured solutions (PCS), at Excelerate Summit 2023. The annual conference saw record Partner participation rates with an increase of 80% over 2022 across Partner speakers, attendees and exhibitors. 

Growth in Vena’s revenue and customer base has been accompanied by numerous industry accolades, including:  

Recognized for the fourth consecutive year with a TrustRadius Tech Cares award for going above and beyond to support employees and communities across five areas of focus ( Volunteerism; Robust diversity, equity and inclusion programs; Charitable donations and fundraising; Workplace culture, including support for remote and in-office employees;  Demonstrable support for environmental sustainability). Earning multiple 2023 TrustRadius Top Rated Awards in four categories: Corporate Performance Management (CPM); Budgeting and Forecasting; Financial Close;  Cash Flow Management. Recognition as a Leader in the 2023 Nucleus Research CPM Technology Value Matrix, which acknowledged Vena’s enablement of  “customers to make data-driven decisions, uncover actionable insights and drive growth across their business.” About Vena Vena is the only Intelligent Platform for Complete Planning that’s natively integrated with Microsoft 365, empowering teams to plan the way they think. Vena streamlines financial and operational planning, reporting and analysis processes, and provides advanced analytics and flexible modeling capabilities to help business, finance and operations leaders make informed business decisions. With Vena, you can leverage the power of Microsoft Excel and AI-powered insights in a unified, cloud-based platform that enhances collaboration, scalability and security. Over 1,600 of the world’s leading companies rely on Vena to power their planning. For more information, visit venasolutions.com.  

MEDIA CONTACT Jonathan Paul Senior Director, Content & Communications, Vena [email protected] 

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Artificial Intelligence


EdrawMind V10.9.0 ‘s New Features Revolutionizing the Way Users Visualize Ideas





 






Published
 4 hours ago 
on
 September 26, 2023





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VANCOUVER, BC, Sept. 26, 2023 /PRNewswire/ — Wondershare Technology, a globally recognized software company, is excited to announce the release of EdrawMind V10.9.0, the latest version of their leading mind mapping and brainstorming tool. This update introduces a range of features aimed at revolutionizing the way users visualize ideas, enhancing efficiency, and fostering creativity. By harnessing cutting-edge technology, this new version seeks to cater to the diverse needs of professionals, students, and anyone looking to transform their thoughts into organized, dynamic, and visually appealing diagrams.


Integration with OpenAI: This feature enables seamless interaction with ChatGPT, integrating powerful AI capabilities into EdrawMind, thereby improving user experience through intelligent suggestions and assistance.Intelligent Document Parsing: EdrawMind can now intelligently analyze and process documents, extracting key information and assisting users in creating mind maps based on existing documents.PPT Generation: A valuable addition for users seeking to convert their mind maps into presentation slides efficiently.Inspiration Space: This dedicated space within the software encourages brainstorming and idea collation, thus streamlining the creative process.Exploration of Audio and Video: EdrawMind V 10.9.0’s new capability to handle audio and video content allows users to enrich their mind maps with multimedia elements.Versatile and Vertical Mind Map Posters: This feature provides users with myriad options for creating and customizing mind map posters, both in terms of layout and design.”In our relentless pursuit of enhancing user experiences, we are thrilled to introduce the integration of OpenAI into EdrawMind. This transformative update brings AI-driven features like intelligent file parsing and effortless PPT generation directly to our users, empowering them to achieve new levels of productivity and creativity. But our commitment doesn’t end here. We envision a future where our AI continually evolves, learns, and adapts to better serve and inspire our users on their creative journeys.” – Iris Liu, Head of Wondershare BrandingWondershare

Compatibility and Price 

Wondershare EdrawMind is compatible with Windows, Mac, Android and iOS and pricing starts at $39 for a six-month subscription. For free trials and downloads, please visit our official website or follow us on YouTube, Facebook, Twitter, and Instagram to learn more about EdrawMind.  Additionally, with an EdrawMind membership, you can enjoy cross-platform benefits across all EdrawMind platforms.

About Wondershare

Wondershare is globally recognized as a software company that is committed to delivering innovative solutions for personal and professional use. As a leader in creativity and productivity products, Wondershare has received prestigious awards from organizations such as The Shorty Awards, G2, and GetApp. At Wondershare, the mission is to empower individuals to pursue their passions and build a more creative world. With over 100 million users across 150 countries, users can access a wide range of software solutions for video editing, PDF editing, data recovery, diagram and graphics, and more. Together, Wondershare strives to provide high-quality, user-friendly software that enables individuals and businesses to bring their creative ideas to life. 

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