Public Safety Analytics Market

Global Public Safety Analytics Market Size (2024 to 2032)

The Public Safety Analytics market, worth USD 10.57 billion in 2023, is expected to grow significantly. Forecasts indicate a CAGR of 18.4% between 2024 and 2032, with the market size projected to reach USD 12.51 billion in 2024 and USD 48.31 billion by 2032.

Concerns about public safety are the primary drivers of the market. Public transportation security, law enforcement and intelligence agencies, critical infrastructure securities, border controls, manufacturing, and emergency services are expected to increase investments, which will further drive the Public Safety Analytics Market.

Increased government spending to curb criminal and terrorist activities is also a significant public safety analytics market driver. Economic constraints are the most significant restraints on the market. Public safety devices are expensive due to constant R&D work to improve the products.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Public Safety Analytics Market Analysis By Component

Based on the component, the Solution had a larger market share as of 2019. These solutions have been designed to identify, prevent, respond to, and prepare for an emergency event. The identity analytics solutions in the solution segment are expected to dominate the market during the forecast period.

Global Public Safety Analytics Market Analysis By Application

Based on the application, surveillance has the largest market share by miles due to its very high demand all across the globe and relatively low price than other segments.

Global Public Safety Analytics Market Analysis By Deployment Mode

Based on the deployment model, the organized deployment mode segment has a more significant market share as it requires less capital investment, helps decrease operational and maintenance costs, and reduces the management’s efforts.

REGIONAL ANALYSIS

North America has the largest Public Safety Analytics market share as of 2018. Development & adoption of innovative technologies, apart from being the R&D hub of Public Safety Analytics, are driving the growth of North America's Public Safety Analytics market.

Asia-Pacific is the fastest-growing market for Public Safety Analytics. The growth of the Public Safety Analytics market across the Asia-Pacific region is primarily driven by the escalating demand for better security services, a large population, and a rising standard of living. Border control is a big issue in some APAC countries such as India, Pakistan, China, etc., further strengthening the market requirement for Public Safety Analytics.

KEY PARTICIPANTS IN THE GLOBAL PUBLIC SAFETY ANALYTICS MARKET

The major market players in the Public Safety Analytics market include Hexagon (Sweden), IBM (US), Cisco (US), NEC (Japan), SAP (Germany), Esri (US), SAS (US), Nice Systems (Israel), Splunk (US), Verint Systems (US), Hitachi Vantara (US), Haystax (US), and others.

RECENT DEVELOPMENTS IN THE GLOBAL PUBLIC SAFETY ANALYTICS MARKET

• Five tech companies developing public safety tools, from magnetic sensors to drones to augmented reality, for use in hazardous environments will be the first cohort working in Verizon’s dedicated 5G First Responder incubator lab.

DETAILED SEGMENTATION OF THE GLOBAL PUBLIC SAFETY ANALYTICS MARKET INCLUDED IN THIS REPORT

This global market research report is segmented and sub-segmented based on component, analytics, application, deployment mode, industry vertical, and region.

By Component

• Solution

  • Video Analytics

  • Social media analytics

  • Identity analyticsSensor data analytics

  • Others (crowd analytics, speech analytics, and text analytics)

• Service

  • System integration

  • Support and maintenance

  • Consulting services

  • Managed Services

By Analytics Type

• Predictive

• Prescriptive

• Descriptive

By Application

• Pattern Recognition

• Incident detection

• Person of Interest Screening

• Surveillance

By Deployment Mode

• On-premises

• Hosted

By Industry Vertical

• Law Enforcement and Intelligence Agencies

• Border Control (Land, Sea, and Air) 

• Public Transportation Security

• Critical Infrastructure Security

• Others (manufacturing and emergency services)

By Region

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa