Public Safety And Security Global Market Report 2024

“Public Safety And Security Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on public safety and security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for public safety and security? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The public safety and security market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Component: Services; Solutions
• 2) By Vertical: Homeland Security; Emergency Services; Critical Infrastructure Security; Transportation Systems; Other Verticals
• Subsegment: Critical Communication Network; Biometric and Authentication System; Surveillance System; Emergency and Disaster Management; Cyber Security; C2/C4ISR Networks; Scanning and Screening System; Public Address and General Alarm; Backup and Recovery Systems, Professional Services; Managed Services
• Companies Mentioned: Accenture Plc.; AGT International; Atos SE; BAE Systems plc; Cisco Systems Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Public safety and security involve ensuring the safety, security, and well-being of citizens, communities, and organizations by addressing various threats such as cyber threats, terrorism, fraud, criminal activities, natural disasters, and emergency situations at both national and international levels.

The key components of public safety and security encompass services and solutions. Services entail work conducted as a profession or business for others and include both professional and managed services within the realm of public safety and security. Various solutions contribute to this field, including critical communication networks, biometric and authentication systems, surveillance systems, emergency and disaster management, cybersecurity measures, C2/C4ISR networks, scanning and screening systems, public address and general alarm systems, as well as backup and recovery systems. These services and solutions cater to verticals such as homeland security, emergency services, critical infrastructure security, transportation systems, and others.

The public safety and security market research report is one of a series of new reports from The Business Research Company that provides public safety and security market statistics, including public safety and security industry global market size, regional shares, competitors with a public safety and security market share, detailed public safety and security market segments, market trends and opportunities, and any further data you may need to thrive in the public safety and security industry. This public safety and security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The public safety and security market size has grown rapidly in recent years. It will grow from $557.69 billion in 2023 to $628.89 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth observed in the historical period can be attributed to factors such as the impact of natural disasters, the evolution of terrorism and threats, investments in public safety, initiatives in community policing, and shifts in crime patterns.

The public safety and security market size is expected to see rapid growth in the next few years. It will grow to $1039.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The anticipated growth in the forecast period can be attributed to factors such as resilience planning, the establishment of integrated command centers, the implementation of remote monitoring solutions, the adoption of data privacy solutions, and the use of AI-powered analytics. Key trends expected in the forecast period include the integration of AI and machine learning, the adoption of the Internet of Things (IoT), the utilization of biometric authentication, the implementation of cybersecurity measures, and the deployment of smart surveillance systems.

The anticipated increase in transnational and regional instability is poised to drive the public safety and security market. Transnational and regional instability, characterized by political unrest in neighboring countries, necessitates robust public safety measures to protect citizens and critical infrastructure from threats on both national and international fronts. As per the Global Peace Index by the Institute for Economics & Peace (IEP) in Sydney, 2020 witnessed a rise in political instability, with twice as many countries deteriorating as improving. The economic impact of violence reached $15.1 trillion in 2021 due to a 0.9% increase in global military expenditure compared to the previous year. Consequently, the escalating transnational and regional instability is expected to fuel the growth of the public safety and security market.

The projected growth of criminal activities is set to propel the public safety and security market. Criminal activities encompass actions prohibited by criminal law, involving physical behavior or a mental element to execute a crime. Public safety and security services play a crucial role in crime prevention, evidence gathering, and ensuring public protection from criminal threats. In November 2022, the New York Police Department reported a 16.5% increase in major felony crimes, leading to 4,367 arrests for complaints in October 2022 compared to the same month in 2021. Hence, the surge in criminal activities acts as a driving force for the public safety and security market.

Innovations in products have emerged as a prominent trend gaining traction in the public safety and security market. Major companies in this sector are actively developing innovative products to enhance their market position. For example, in September 2022, Teledyne FLIR LLC, a US-based provider of thermal imaging cameras and sensors, introduced SIRAS, an industrial inspection and public safety drone. SIRAS, optimized for various applications including industrial and utility inspection, public safety, firefighting, and search and rescue missions, features a quick-connect payload system for easy swapping between dual radiometric thermal and visible camera payloads, as well as other options such as lidar and multispectral sensors. It includes front collision avoidance sensors to prevent accidents.

Leading companies in the public safety and security market are concentrating on technological innovations, such as public safety suites, to gain a competitive advantage. A public safety suite is a comprehensive software solution designed to assist public safety agencies in managing their operations and enhancing their ability to protect the public. In November 2022, Oracle Corporation, a US-based computer technology company, launched Oracle Public Safety Services, designed to empower law enforcement and first responders with more informed decision-making and improved situational awareness. The suite, built on Oracle Cloud Infrastructure (OCI), ensures compliance with CJIS1 requirements to meet the security and privacy needs of law enforcement agencies.

In October 2022, Knightscope, Inc., a US-based security camera and robotics company, acquired CASE Emergency Systems, augmenting and strengthening Knightscope's business with an expanded product line and broader geographic reach. CASE Emergency Systems is a US-based company specializing in communications and safety technologies.

Major companies operating in the public safety and security market report are Accenture Plc., AGT International, Atos SE, BAE Systems plc, Cisco Systems Inc., Elbit Systems Ltd., Ericsson, Fotokite, L3Harris Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., Northrop Grumman Corporation, NEC Corporation, Teltronic S.A.U., Thales Group, Halma plc, Brady Corporation, Securitas AB, ADT Inc., Allegion plc, Federal Signal Corporation, Honeywell International Inc., Motorola Solutions Inc., International Business Machines Corporation (IBM), General Dynamics Corporation, CentralSquare Technologies LLC, Hexagon AB, Environmental Systems Research Institute Inc. (Esri), Sun Ridge Systems Inc., Telstra Corporation Limited, Axis Communications AB, Bosch Security Systems, Genetec Inc., Hanwha Techwin Co. Ltd., Johnson Controls International plc, Nice Ltd., Panasonic Corporation, Qognify Inc., Verint Systems Inc., Zhejiang Dahua Technology Co. Ltd

North America was the largest region in the public safety and security market in 2023. The regions covered in the public safety and security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the public safety and security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The public safety and security market consists of revenues earned by entities by providing computer security, customs and border protection, cybercrime investigation, drug enforcement and emergency management services. The market value includes the value of related goods sold by the service provider or included within the service offering. The public safety and security market also includes sales of hardware firewalls, hardware security modules, and proxy servers, which are used in providing public safety and security services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.