DUBLIN, Nov. 26, 2021 /PRNewswire/ — The “The US and European Electronic Monitoring Market: Size & Forecast with Impact Analysis of COVID-19 (2021-2025)” report has been added to ResearchAndMarkets.com’s offering.
The US and European electronic monitoring market increased significantly during the years 2016-2020 and projections are made that the market would rise in the next four years i.e. 2021-2025 tremendously.
The electronic monitoring market is expected to increase due to the high cost of incarceration and detention, growing migrant / asylum seeker populations, increasing digital enablement, growing globalization, increasing cybercrimes, technological advancements and government policies supporting the market. Yet, the market faces some challenges such as false alarms and costly electronic home monitoring.
The COVID-19 pandemic had a positive impact on the US and European electronic monitoring market. Since the onset of the pandemic, governments have been facing the dilemma of reducing jail populations to avoid the spread of disease, while still keeping the community safe.
The report provides an in depth analysis of the US and European electronic monitoring market by value, by segment, etc. The report also provides a detailed analysis of the COVID-19 impact on the electronic monitoring market.
The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall electronic monitoring market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The US and European electronic monitoring market is fragmented with many major market players operating worldwide. The key players of the electronic monitoring market are G4S Plc., Big Technologies, Track Group and Satellite Tracking of People (Securus Technologies, Inc.) are also profiled with their financial information and respective business strategies.
Key Topics Covered:
The US Electronic Monitoring Market: An Analysis
European Electronic Monitoring Market: An Analysis
COVID-19 Impact on Electronic Monitoring Market
- Impact of COVID-19 on Prison Occupancy Levels and Incarceration Rates
- Impact of COVID-19 on Crime Rates
Market Dynamics
Growth Drivers
- High Cost of Incarceration and Detention
- Growing Migrant / Asylum Seeker Population
- Increasing Digital Enablement
- Growing Globalization
- Technological Advancements
- Increasing Cybercrimes
- Governments Policies Supporting the Market
Challenges
- False Alarms
- Costly Electronic Home Monitoring
Market Trends
- M2M Platform
- Partnerships among Major Players
The US and European Electronic Monitoring Market Players: A Service Comparison
Company Profiles
- G4S Plc.
- Big Technologies
- Tack Group
- Satellite Tracking of People (Securus Technologies, Inc.)
For more information about this report visit https://www.researchandmarkets.com/r/u6dleg
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SOURCE Research and Markets
