Electronic Offender Monitoring Software Market Scope
Electronic monitoring is a catch-all word for surveillance techniques used to track a person's whereabouts, whereabouts, and specified actions as part of the criminal justice system. Radio waves, biometrics, and satellite tracking are the most prevalent types of electronic surveillance today. They often include a device that is attached to a person and is watched from a distance. Electronic monitoring is a method of carrying out a prison term, and in some countries, those who are subject to it are regarded as inmates. The system offers Police, Local Authorities, and Government Agencies a reliable, affordable option to aid in reducing re-offending among all sorts of offenders.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new software launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
The GEO Group Inc (United States), Attenti (United States), Supercom (Israel), Unilink (United Kingdom), Upstreem (Belgium), Securus Technologies, Allied Universal (United States), G4S (United Kingdom) and Track Group (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Electronic Offender Monitoring Software market by Type (RF, GPS Tracking, Domestic Violence and Others), by Application (Biometric Identification, Hybrid GPS Tracking, Alcohol Monitoring and Others) and Region with country level break-up.
On the basis of geography, the market of Electronic Offender Monitoring Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Technological Advancement over the Globe and Introduction of Next Generation Offender Monitoring Devices to Improve Efficiencies of Monitoring and Tracking
Market Growth Drivers:
Increasing Application of Electronic Offender Monitoring Software for GPS Tracking and Others and Growing Demand for the Device for Curfew Monitoring
Challenges:
Problems with the Technical Failures and False Monitor Alarms
Restraints:
Concerns with the Data Transmission or Network and Electronic Monitoring can make it difficult for Parolees or Probationers
Opportunities:
Rising Criminals and their Risks can create Opportunities for the Market
Market Leaders and their Expansionary Development Strategies
On 5th April 2022, Allied Universal announced the acquisition of the Attenti Group. Allied Universal will integrate Attenti Group with G4S Monitoring Technologies to create Allied Universal Electronic Monitoring Services. With the largest market for electronic monitoring in the world, North America, Allied Universal Electronic Monitoring Services now has a global presence and a solid foundation for future expansion.
In December 2020, SuperCom has secured a new Government GPS monitoring contract in the Juvenile sub-market of offender tracking. The government juvenile agency in Alabama is the contracting party. It is anticipated that the contract would produce steady-state recurring revenues and that it will be billed as normal using a daily use rate.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.