The global ePrison market was valued US$ 1.81 Bn in 2018 and is expected register growth at 6.2% CAGR during the forecast period from 2019 to 2027.
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"North America Dominates; Asia Pacific to Register Strong Growth during the Forecast Period"
In 2018, the adoption & deployment of ePrison solutions was highest in North America followed by Europe and Asia Pacific respectively. The value contribution of North America to the global ePrison market stood at over 36% in the same year. The U.S. represents the largest ePrison market in North America & worldwide. The dominance of the U.S. can be largely accredited to the high incarceration rate (724 people per 100,000) and huge base of prison population in the country. In a bid to manage records of large number of prisoners effectively, prison management solutions have been deployed at almost all prisons, jails, correctional facilities in the U.S. On the other hand, Asia Pacific is estimated to register superior growth during the forecast period from 2019 to 2027. The anticipated growth will come from the initiatives taken by the governments to modernize correctional homes & prisons in the respective countries.
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"Video Surveillance & Conferencing Solutions to Dominate Throughout the Forecast Period"
The value contribution of video surveillance & conferencing solutions was highest in the global ePrison market. Video surveillance & conferencing solutions accounted for over one-third of the global ePrison market value in the base year 2018. Incidents within prison walls involving drug use, inmate violence, and officer misconduct are some of the unfortunate acts that have increased over the last few years. Rise in the number of such incident coupled with advances in security technologies have compelled prison administrators to upgrade their existing video surveillance infrastructure. This, in turn has helped administrators to achieve comprehensive monitoring and provide increased level of safety to workers and inmates. In addition, efforts are being made by the governments worldwide to install video conferencing solutions in every prison to make prisoners attend trials from the jail and get free legal aid service.
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Key Players:
Some of the leading vendors profiled 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.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
Key segments covered in the report are as follows:
| ATTRIBUTE |
DETAILS |
| Research Period |
2017-2027 |
| Base Year |
2018 |
| Forecast Period |
2019-2027 |
| Historical Year |
2017 |
| Unit |
USD Billion |
| Segmentation |
Offering Segment (2017–2027; US$ Bn)
• Hardware
• Software
o On-premise
o Cloud-based
|
|
Application Segment (2017–2027; US$ Bn)
• Video Surveillance & Video Conferencing
• Access Control
• Prison Information Management
• Prison Administration
• Others (Intrusion Detection, etc.)
|
|
Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America
|
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?
