Persistence Market Research (PMR) offers an eight-year forecast for the global prison management systems market between 2018 and 2026. In terms of value, the prison management systems market is expected to register a single-digit CAGR during forecast period. This study demonstrates the market dynamics and trends globally across seven regions: North America, Latin America, Europe, SEA & Others of APAC, China, Japan, and Middle East & Africa, which influence the current nature and future status of the prison management systems market over the forecast period.
This research report provides a detailed analysis of the prison management systems market and offers insights about the various factors driving the popularity of prison management systems technology and its advantages. The prison management systems market report includes an extensive analysis of key industry drivers, challenges, market trends, and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the prison management systems business. The report segregates the market based on storage tier, user age, and different regions globally.
The prison management systems market is expected to witness significant value growth during the forecast period owing to an increase in the demand for law enforcement equipment and increasing demand for the cloud-based prison management solutions.
The report starts with an overview of the prison management systems market in terms of value. In addition, this section includes an analysis of the key trends, drivers, and challenges from the supply, demand, and economy side, which are influencing the prison management systems market.
The prison management systems market is classified on the basis of component, application, and region. On the basis of component, the market is subsegmented into hardware infrastructure and software infrastructure. Furthermore, by application, the global prison management systems market is segmented as video surveillance, intrusion detection, access control, alarms & notification, prison administration, and prisoner information management. The video surveillance subsegment accounted for a relatively higher share because of an increase in the demand for advanced video surveillance equipment in various developed and developing nations.
A detailed analysis has been provided for every segment in terms of market size analysis for the prison management systems market across different regions. This section provides a detailed analysis that covers key trends.
The next section contains a detailed analysis of the prison management systems market across various countries in the region. It provides a market outlook for 2018–2026, and sets the forecast within the context of the prison management systems market, which includes the latest technological developments as well as offerings in the market. This study discusses the key trends in various countries, which contribute to the growth of the market, as well as analyses the degrees at which drivers are influencing this market in each region. Key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico, & the rest of Latin America), Europe (Germany, U.K., France, Spain, Italy, Russia, and the rest of Europe), SEA & Others of APAC (India, Indonesia, Philippines, Thailand, Malaysia, Oceania, and the rest of SEA), China, Japan, and MEA (GCC Countries, Northern Africa, South Africa, Turkey, and the rest of MEA). This report evaluates the present scenario and the growth prospects of the prison management systems market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year and provided data for the remaining eight months.
To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the prison management systems market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on technology trends.
As previously highlighted, the global prison management systems market is split into a number of segments. All segments in terms of component, application, and different regions are analyzed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed level of information is important for the identification of the various key trends in the global prison management systems market.
In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global prison management systems market.
In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the prison management systems market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a market segment in the prison management systems supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the prison management systems market. Some of the key competitors covered in the prison management systems market report are Axis Communications AB; Bosch Security and Safety Systems; Cisco Systems, Inc.; Fujitsu; Huawei Technologies Co., Ltd.; IBM Corporation; Montgomery Technology, Inc.; NEC Corporation; Thales Group; and Tyler Technologies Inc.
Prison management systems help maintain the records of prisoners and the various cases registered against them. These solutions capture the details of inmates along with biometric details such as photographs, facial expressions, thumb impressions, and others. Nowadays, companies are offering prison management systems with advanced modules such as demographic data capture, scheduling, reporting, workflow control, case management, and medical facility management.
Public Safety Organizations Across the Globe Are Expected to Become Key Sources of Demand for the Prison Management Systems Market
In this global report of prison management systems, PMR has segmented the global prison management systems market on the basis of application, component, and region. On the basis of component, the prison management systems market is sub-segmented into hardware infrastructure and software infrastructure. Hardware infrastructure sub segment is projected to rise at moderate CAGR as the demand for advanced security systems is rising rapidly in several countries, such as France, U.K., U.S., India, Japan, and China.
Growing Need for Video Surveillance and Other Security Systems in Government Institutions to Be a Key Growth Factor for the Prison Management Systems Market
Further, due to the rising demand for advanced security equipment such as smart locks, alarm systems, biometric devices, and others in various countries is expected to impel the growth of hardware infrastructure sub segment and will support the growth of the global prison management systems market. However, the growth of the software infrastructure sub-segment can be attributed to the rising demand for the advanced security and data management technologies across in various countries. It recent years the security and data management technologies have gained the attraction of the end users due to massive growth of data across the globe. Owning to these factors, the software infrastructure sub segment is also create new business models for the prion management systems vendors in near future.
Adoption of Advanced Biometric Systems in Law Enforcement Organizations Is a Major Contributor to the Growth of Prison Management Systems Market
Moreover, the global rising penetration of the Internet connectivity is rapidly creating the demand for the advanced prison management systems. Furthermore, the prison information management, a sub segment of prison management systems market is also projected to have the largest share in the global prison management systems market and estimated to create an incremental opportunity of more than US$ 150.0 Mn between 2018 and 2026.
Increasing Spending by Governments Across the World on IT Security and Solutions Will Support the Growth of the Prison Management Systems Market
Based on application, the prison management systems market is sub-segmented into video surveillance, intrusion detection, access control, alarms & notification, prison administration, prisoner information management, and others. The evolution of advanced and next-generation connected components is one of the major factor that strives the growth of the global prison management systems market. In recent year, the access control sub segment has gone with next generation technological advancements. The access control equipment such as biometric devices, face recognition devices, advanced door locks, and others are constant in demand. Most of the legal firms and public security entities are relaying on advanced access control equipment. These key advancements in the access control segment is impelling the growth of the global prison management systems market across the globe.
Worldwide Demand for Video Surveillance Systems Is Expected to Spur the Demand for Prison Management Systems
Furthermore, the video surveillance sub segment advanced video surveillance equipment has witnessed the quantitative rise in demand. With these factors, the video surveillance sub-segment is projected to create potential growth in the prison management systems market. In the recent past, it has been observed that developed countries as well as developing countries have started investing on public security infrastructure. These factors are expected to boost the global prison management systems market in near future.
Declining Prices of Cameras in North America and SEA & Others of SEA Are Supporting the Growth of the Prison Management Systems Market
Based on geography, due to ongoing technological advancements in U.S. and Canada, the North America prison management systems market is expected to dominate the global prison management systems market. Furthermore, the North America has witnessed widespread adoption and deployment of the advanced technologies such as cloud computing, internet of things (IoT), artificial intelligence in last couple of years. Such factors are anticipated to impel the growth of the prison management systems in the region. In parallel, Europe is becoming the key source of demand for the prison management systems due to increasing adoption of advanced safety and security components such as video surveillance systems, intrusion detections, IP cameras, and others. Due to rising adoption of cloud based applications in most of the European countries, the prison management systems market is creating ponteniral growth opportunities for the prison management system providers. In addition to this, due to ongoing technological advancements the European countries, the prison management systems market has the high potential. The European countries such as U.K., France, Germany, and Spain are witnessing technological changes at a faster pace due to high adoption of technologies such as IoT technologies and big data.
Technological Advancements in Connected Devices in India, China and Japan Are Positively Supporting the Growth of the Prison Management Systems Market
It has been observed that government bodies and public safety agencies are coming together with an aim to develop public safety ecosystem. In public safety ecosystem the IoT (internet of things) plays a crucial role. In prison management infrastructure IoT helps reduce costs by efficient product usage while increasing efficient use of assets across prison management processes.
According to PMR analysis, long-term business contracts with other business entities in prison management systems vendors are likely to support new innovation strategies and increase the revenue from the prison management systems market. This expected to support the players of the prison management systems to reach new business growth in the prison management systems markets. Major participants in the global prison management systems market are: Axis Communications AB, Bosch Security and Safety Systems, Cisco Systems, Inc., Fujitsu, Huawei Technologies Co., Ltd., IBM Corporation, Montgomery Technology, Inc., NEC Corporation, Thales Group, and Tyler Technologies Inc.