Dublin, Jan. 31, 2023 (GLOBE NEWSWIRE) -- The "Electronic Offender Monitoring Solutions - 2nd Edition" report has been added to ResearchAndMarkets.com's offering.
The average daily caseload of monitored individuals in Europe, North America and Latin America amounted to about 50,000, 371,000 and 96,000 respectively during 2021. The analyst estimates that the number of daily users will grow to 77,000 in Europe, 821,000 in North America and 184,000 in Latin America by 2026.
Learn more about the business opportunities associated with electronic offender monitoring solutions in this 70 page strategy report. Get up to date with the latest information about vendors, products and markets.
This report will allow you to:
- Benefit from 15 new executive interviews with market leading companies.
- Identify key players on the European, North American and Latin American EM market.
- Learn about the latest market trends and key developments.
- Understand the opportunities and challenges on the EM market.
- Predict future trends and drivers for uptake of EM equipment and services.
- Profit from updated regional market forecasts lasting until 2026.
This report answers the following questions
- Which are the leading providers of Electronic Monitoring solutions?
- How have EM programmes been implemented in Europe and the Americas?
- What is the potential market size for EM products and services?
- What are the key drivers behind the adoption of EM solutions?
- What impact will technology advancements have on the market?
- How has the Covid-19 pandemic affected the EM market?
- What are the future trends in this market?
What are the latest developments on the electronic offender monitoring market?
The number of participants in EM programmes on a daily basis in Europe, North America and Latin America amounted to about 50,000, 371,000 and 96,000 respectively during 2021. The analyst estimates that the number of daily users will grow to 77,000 in Europe, 821,000 in North America and 184,000 in Latin America by 2026. The market value in 2021 reached US$ 947 million in North America, US$ 224 million in Europe and US$ 75 million in Latin America. The total market value in the three regions combined is forecasted to grow at a CAGR of 10.8 percent from US$ 1.2 billion in 2021 to US$ 2.1 billion in 2026.
Electronic monitoring (EM) programmes were first introduced in the US in the early 1980s. Today, EM is an established alternative to detention across Europe and North America and in some Latin American countries. The aim of EM programmes is to increase offender accountability, reduce recidivism rates and enhance public safety by providing an additional tool to traditional methods of community supervision. Policy makers, corrections authorities and private sector service providers advocate for extended EM programmes to reduce total correctional system costs and reduce the prison population.
There are two dominant technologies used for electronic monitoring - Radio Frequency (RF) and GPS. RF-based systems are today the most common type of solution in most European countries. In the US, Brazil and other countries in Latin America, GPS-based solutions are more common.
A number of private companies are involved in the provisioning of EM, including supplying and installing equipment, providing monitoring as well as undertaking enforcement. Leading providers of EM equipment and services include US-based BI Inc. (GEO Group), Sentinel Offender Services, SCRAM Systems, Securus Technologies, Shadowtrack and Track Group; UK-based Buddi and G4S (Allied Universal); Israel-based Attenti (Allied Universal) and SuperCom; and Brazil-based Spacecom and Synergye.
The electronic offender monitoring market continues to grow, partly driven by increasing adoption of GPS-based and smartphone-based solutions. As the technology develops and proves to be effective in programmes in Europe, North America and Latin America, adoption will follow in additional jurisdictions. Software solutions that help officers to better manage their caseload are at the same time an increasingly important part of an EM solution. Modern data analytics tools can identify offender behavioural patterns and possibly also predict future EM programme violations or other offences.
Key Topics Covered:
Executive Summary
1 Electronic Offender Monitoring
2 Market Forecasts and Trends
2.1 Market landscape
2.1.1 EM equipment and service vendor market shares
2.1.2 Mergers and acquisitions in the electronic offender monitoring industry
2.2 Market forecasts
2.3 Market drivers and trends
2.3.1 Prison overcrowding issues worsened by the COVID-19 pandemic
2.3.2 Growing adoption of victim protection solutions
2.3.3 Stronger focus on software and analytics within offender monitoring
2.3.4 Alternative monitoring solutions are gaining ground
2.3.5 Further consolidation of the EM market is expected
3 Company Profiles and Strategies
Glossary
A selection of companies mentioned in this report includes
- Attenti (Allied Universal)
- BI Incorporated (GEO Group)
- Buddi
- Comp Electronic Monitoring
- Corrisoft
- G4S Monitoring Technologies (Allied Universal)
- Geosatis
- Laipac Technology
- SCRAM Systems
- Securus Technologies
- Sentinel Offender Services
- Shadowtrack Technologies
- Spacecom
- SuperCom
- Synergye
- Track Group
- Upstreem
For more information about this report visit https://www.researchandmarkets.com/r/tstedp
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
