March 31, 2020
ePrison

ePrison Market outlook shows growth drivers, opportunities and forecast analysis to 2027

The global ePrison market was valued at US$ 1.81 billion in 2018 and is expected to expand to CAGR by 6.2 per cent during the 2019-2027 forecast.

ePrison solutions help correctional home and prison administrators to gain access to information on staff and prisoners in real-time, helping to ensure discipline, security, and measuring the needs of prisoners. The use of these solutions is not only limited to constraining prisoners from committing crimes, but also helping them to reform, rehabilitate and allow prison caregivers to streamline their day-to-day prison operations. Initiatives taken by governments around the world to modernize/digitalize correctional homes and prisons is a key driver of demand for ePrison solutions. Advances in policing strategies and technology.

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

The adoption of public security and law enforcement agencies has improved their operational efficiency. This, coupled with stringent sentencing laws, has led to an increase in the number of prisoners, length of prison sentences and actual length of time served by prisoners. All of these factors are and will continue to drive ePrison solutions, contributing to the expected CAGR (6.2%) during the forecast period from 2019 to 2027.

In terms of the offering, the value contribution of hardware infrastructure was greater than that of software solutions. However, software solutions are expected to have a higher growth rate, generating steady revenue streams over the forecast period from 2019 to 2027. This growth can be largely accredited by the growing adoption of cloud-based solutions among prison administrators. The surge in the adoption of cloud-based software solutions is the result of increasing awareness among prison administrators about the benefits offered in terms of limited IT infrastructure requirements, maintenance costs and licensing fees. On the other hand, prison administrators in developing economies are still heavily dependent on on-premise installations that offer administrators complete control over critical and confidential prison data.

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Video surveillance & conferencing remains the most attractive field of application, attracting heavy investment. This can be attributed to a combination of factors, including technological advances and an increase in the number of illicit incidents involving drug use, inmate violence and misconduct by officers within prison walls. In the coming years, demand for e-prison solutions in Asia-Pacific, particularly in India and SEA countries, will rise on the back of government initiatives to develop digital public infrastructure.

Some of the leading suppliers identified in the research study include Axis Communications AB, Cisco Systems Inc., Bosch Security and Safety Systems, Huawei Technologies Co., Ltd., Fujitsu, IBM Corporation, NEC Corporation, Montgomery Technology, Inc., Tyler Technologies Inc., and Thales Group, among others.

Key questions answered in this report

  • What was the global ePrison market size in 2017 & 2018?
  • What is the estimated forecast and market projections from 2019 up to 2026?
  • Which is the largest regional ePrison market?
  • Which offering segment contributes the largest revenue worldwide?
  • Which application segment has the highest adoption of ePrison solutions worldwide?
  • Predominant trends shaping the ePrison market worldwide
  • Who are the leading solution providers in the global ePrison market worldwide?
  • What are the key strategies adopted by the solution providers in the global ePrison market?

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