Prison management systems market size to increase by USD 350.64 million: North America will account for 38% of the market's growth during the forecast period - Technavio

NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The Prison Management Systems Market by Deployment, Component, and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 5.45% and register an incremental growth of USD 350.64 million during the forecast period. The report provides a comprehensive analysis on growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF Sample Report

Regional Analysis

By region, the global prison management systems market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. North America will account for 38% of the market's growth during the forecast period. North America will account for the highest incremental growth during the forecast period due to the increasing US prison population.

Company Profiles

The prison management systems market report includes information on the key products and recent developments of leading vendors, including:

• Biometrica Systems Inc: The company offers prison management systems such as Composite Intelligence Databases or CID.
• Black Creek Integrated Systems Corp: The company offers prison management systems like SallyPort Jail Management System.
• Cisco Systems Inc: The company offers prison management systems and related services such as Cisco Connected Justice.
• Eagle Advantage Solutions Inc: The company offers prison management systems such as EagleAdvantage RMS.
• Huawei Investment and Holding Co. Ltd: The company offers prison management systems such as Huawei eSight ICT Unified Management Systems.
• International Business Machines Corp.
• M2SYS Technology
• Montgomery Technology Inc.
• Motorola Solutions Inc.
• NEC Corp.
• PTS Solutions Inc.
• Robert Bosch GmbH
• Serco Group Plc
• To gain access to more vendor profiles available with Technavio, buy the report!

Market Dynamics

The market is driven by factors such as innovative upgrades to the software. However, the high implementation and maintenance cost is hindering the market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others. Request a Sample

Market Segmentation

• By deployment, the market is segmented into on-premise and cloud-based. The on-premise segment accounted for the largest share of the market during the forecast period.
• By geography, the market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. North America held the largest share of the market during the forecast period.

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What are the key data covered in this prison management systems market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the prison management systems market between 2023 and 2027
• Precise estimation of the size of the prison management systems market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the prison management systems market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of prison management systems market vendors

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Table of Contents

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2023
• Market outlook: Forecast for 2022 - 2027

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Deployment

• Market segments
• Comparison by Deployment
• On-premise - Market size and forecast 2022-2027
• Cloud-based - Market size and forecast 2022-2027
• Market opportunity by Deployment

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2022-2027
• Europe - Market size and forecast 2022-2027
• APAC - Market size and forecast 2022-2027
• MEA - Market size and forecast 2022-2027
• South America - Market size and forecast 2022-2027
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview

Landscape disruption

• Vendor Analysis
• Vendors covered
• Market positioning of vendors
• Cisco Systems Inc.
• Eagle Advantage Solutions Inc.
• International Business Machines Corp.
• M2SYS Technology
• Montgomery Technology Inc.
• Motorola Solutions Inc.
• Serco Group Plc
• Sun Ridge Systems Inc.
• Syscon Justice Systems
• Tyler Technologies Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology

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SOURCE Technavio