The US and European Electronic Monitoring Market: Size & Forecast (2021-2025)
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.
By: Daedal Research
Satellite Tracking of People (Securus Technologies, Inc.)
The internet of things, or IoT, is an arrangement of interlinked digital devices, computers, mechanical devices, things, animals or humans that are given with distinctive references and the potential to move information over a network without the need of person-to-person or person-to-machine interaction.
EM short form of electronic monitoring is a type of electronic imprisonment, often in the expression of a hand band or anklet that can watch a person's position, and also their blood alcohol level or breathe sometimes. EM involves using position technologies to closely watch and manage subject within correctional arrangements. Monitoring is generally used during probation or parole. Sometimes they are used as a way for decreasing prison or jail populations. EM (Electronic monitoring) has also been utilized to trace juveniles, immigrants waiting for legal procedure, people in drug rehab centres, and people accused or convicted of DUIs or domestic violence.
The US and European electronic monitoring market can be segmented on the basis of segment, such as global positioning system (GPS) and radio frequency (RF).
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.
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