The global ePrison market was valued US$ 2.03 Bn in 2020 and is expected register growth at 6.2% CAGR during the forecast period from 2023 to 2030.

"North America Dominates; Asia Pacific to Register Strong Growth during the Forecast Period"

In 2020, 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 2021 to 2029. The anticipated growth will come from the initiatives taken by the governments to modernize correctional homes & prisons in the respective countries.

"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 2020. 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.

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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of ePrison market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the ePrison market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of ePrison market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the ePrison market?
• Which is the largest regional market for ePrison market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving ePrison market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the ePrison market worldwide?