PUBLISHER: TechSci Research | PRODUCT CODE: 1370815
PUBLISHER: TechSci Research | PRODUCT CODE: 1370815
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Global Public Safety and Security market is expected to grow at a healthy CAGR during the forecast period. The measures and systems put in place to ensure the safety and security of citizens and their property are referred to as public safety and security. It entails preventing and managing potential security threats like crime, accidents, natural disasters, and terrorist attacks. Law enforcement, emergency response, and disaster management are all examples of public safety and security measures. Law enforcement is concerned with the prevention and investigation of criminal activity, whereas emergency response is concerned with the provision of medical assistance, firefighting, and rescue services in times of emergency. Natural disasters such as floods, earthquakes, and hurricanes require disaster planning and response. Video surveillance, access control, biometric identification, and other advanced technologies have become increasingly important in improving public safety and security in recent years. These technologies make it easier for law enforcement and emergency response teams to detect and respond to security threats. Population growth, urbanization, industrialization, and the expansion of infrastructure and mass transportation systems are raising expectations for increased safety and security measures, particularly in relation to critical national infrastructure projects. The industry is highly fragmented, with the presence of local manufacturers, system integrators, subcontractors, regulatory and certification agencies, distributors, consultants, and service providers.
Overall, public safety and security are critical to maintaining citizens' and communities' well-being and prosperity. Effective public safety and security measures, such as the use of advanced technologies, can significantly reduce security threats and improve the safety and security of citizens and their property.
Market Overview | |
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Forecast Period | 2024-2028 |
Market Size 2022 | USD 175 Billion |
Market Size 2028 | USD 293.21 Billion |
CAGR 2023-2028 | 8.1% |
Fastest Growing Segment | Managed Service |
Largest Market | North America |
The growing concerns about safety and security in public spaces such as airports, train stations, shopping malls, and sports stadiums has increased demand for public safety and security solutions. Governments, law enforcement agencies, and private organizations are all investing in cutting-edge technology and equipment to improve their ability to detect and respond to security threats.
Moreover, the growing number of accidents, crime rates, and terrorist activities are fueling the growth of public safety and security market and governments and businesses are actively investing in advanced security systems such as surveillance cameras, facial recognition software, biometric access control systems, and other security technologies. These systems are becoming more sophisticated and reliable as technology advances. Furthermore, governments and organizations are investing in personnel training and other security measures to improve public safety and security.
The public safety and security market is expected to continue to grow in the coming years, driven by factors such as increasing government spending on security infrastructure, growing adoption of cloud-based security solutions, and the development of advanced technologies such as AI and machine learning for threat detection and prevention.
The incorporation of technologies such as Artificial Intelligence (AI), Machine Learning (ML), and analytics in public safety and security market is becoming increasingly important in improving security and mitigating security threats.
Artificial intelligence and machine learning are being used to analyze and detect patterns and anomalies in large data sets, allowing for faster and more accurate identification of potential security threats. These technologies are also being combined with video surveillance and facial recognition systems to improve border security and identify potential criminals and terrorists. Individuals and vehicles entering and exiting a country or public area are also tracked and monitored using analytics. This allows authorities to detect and investigate suspicious activity, thereby improving public safety and security.
The integration of these technologies also makes it easier to automate various security processes, allowing for faster and more efficient responses to potential security threats. Automated systems, for example, can quickly alert authorities in the event of a security breach, reducing response times and increasing the likelihood of apprehending suspects.
Overall, the incorporation of technologies such as artificial intelligence, machine learning, and analytics in public safety and security market is proving to be a critical component of modern security systems. These technologies help to improve public safety and security by enabling faster and more accurate detection and response to potential security threats.
The market for public safety and security is being driven by the increasing law enforcement requirements for public safety in the face of COVID-19. The pandemic has presented law enforcement agencies around the world with unprecedented challenges, as they must balance enforcing lockdowns and social distancing measures, protecting themselves and the public from infection, and maintaining public order and trust. Some of the key solutions being implemented by law enforcement agencies to address these challenges include the deployment of additional forces, such as the military or the national guard, to assist with quarantine enforcement and patrolling, the use of advanced technologies, such as drones, cameras, biometrics, and analytics, to monitor compliance, identify violators, and track contacts, and the provision of training and awareness programs for officers and the general public on how to prevent a bioterrorism attack. These solutions necessitate substantial investments in infrastructure, equipment, software, and services, creating opportunities for public safety and security market participants.
According to the United Nations Office on Drugs and Crime (UNODC), the global homicide rate in 2019 was 6.1 per 100,000 people. However, crime rates differ significantly across countries and regions. There were 13,826 terrorist incidents worldwide in 2019, according to the Global Terrorism Database, resulting in 26,860 deaths and 35,913 injuries.
In 2021, Motorola Solutions launched a new suite of public safety solutions called "CommandCentral Evolve." This suite provides law enforcement agencies with advanced analytics and AI-powered video capabilities for real-time decision-making.
In 2023, Cisco developed a new cybersecurity platform called "SecureX" that enables faster detection and response to cybersecurity threats. The platform provides real-time visibility into security threats across an organization's network, enabling faster remediation of potential threats.
In 2022, Axon launched "Axon Air," a platform that provides law enforcement agencies to stream live video and audio from drones. This platform enables faster and more effective responses to potential security threats.
Overall, these recent developments by public safety and security companies are enabling more effective security measures and faster response to potential security threats. The use of advanced technologies such as AI, ML, and analytics is becoming increasingly important in enhancing public safety and security.
Based on Solution, the market is segmented into Critical Communication Network, Cybersecurity, Emergency and Disaster Management, C2/C4ISR System, Surveillance System, Scanning and Screening System, Biometric Security and Authentication System, Public Address and General Alarm, Backup and Recovery System. Based on Service, the market is further bifurcated into Professional and Managed. Based on vertical, the market is further split into Homeland Security, Emergency Services, Critical Infrastructure Security, Transportation Systems, Airports, and Others.
Cisco Systems Inc., General Dynamics Corporation, IBM Corporation, Telefonaktiebolaget LM Ericsson, L3Harris Technologies Inc., NEC Corporation, Atos SE, Motorola Solutions Inc., CentralSquare Technologies, Hexagon AB, Esri Inc., Sun Ridge Systems Inc., Telstra Corporation Limited, are among the major players that are driving the growth of the global Public Safety and Security market.
In this report, the global public safety and security market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
(Note: The companies list can be customized based on the client requirements.)