The ‘Global Public Safety and Security Market Size, Share, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global public safety and security market, assessing the market on the basis of its segments like offering, enterprise size, application, industry vertical, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 449.9 billion
- Forecast CAGR (2023-2028): 9.40%
- Forecast Market Size (2028): USD 771.29 billion
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Increasing population globally and rising importance of the welfare, safety, and security of the general public are the key factors driving the growth of the global public safety and security market. With rapidly expanding populations, there is an enhanced need to use technology and other services and solutions to provide public safety and security with limited personnel. More countries worldwide are investing in public safety and security in order to facilitate long-term community welfare and economic development.
The growing prevalence of various threats to public safety and security are also surging the expansion of the public safety and security market. Increasing civil unrest in certain regions, rising threats of terrorism, and vulnerabilities of critical infrastructure are resulting in heightened investments towards public safety and security. The widespread penetration of the internet and exponential increase in data generation are increasing the dangers of cyber crimes and data theft, thereby raising the demand for public safety and security.
Apart from man-made dangers, the accelerating pace of deadly natural disasters and emergencies are also bolstering the public safety and security market. As the severity of natural disasters such as hurricanes and floods rises, technology and solutions are increasingly being used emergency and disaster management. Through suitable solutions and services, adequate preparations can be made, and harm to life and property can be minimised.
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Public Safety and Security Industry Definition and Major Segments
Public safety and security refer to the various solutions, services, and strategies adopted to provide safety and security to the general public. These solutions and services are commonly undertaken by different governments, agencies, organisations, and individuals, implementing a cohesive and comprehensive system for overall safety and security. They are aimed at protecting the general public from dangers, risks, vulnerabilities, and hazards that can harm the lives and assets of the public and overall harmony.
Based on offering, the market is divided into:
- Solution
- Breakup by Type
- Biometric and Authentication System
- Critical Communication Network
- Surveillance System
- Scanning and Screening System
- Emergency and Disaster Management
- Cybersecurity
- Others
- Service
- Breakup by Type
- Professional Services
- Managed Services
- Breakup by Type
- Breakup by Type
On the basis of enterprise size, the market is bifurcated into:
- Large Enterprise
- SMEs
By application, the market is segmented into:
- Emergency Communication and Incident Management
- Surveillance and Security
- Disaster Management
Based on industry vertical, the market is classified into:
- Government and Public Sector
- Breakup by Type
- Law Enforcement and Intelligence Agency
- Border Security
- Others
- Transportation System
- Breakup by Type
- Airport
- Seaport
- Railways
- Others
- Emergency Services
- Breakup by Type
- Medical and Healthcare
- Firefighting
- Disaster Management
- Infrastructure Security
- Breakup by Type
- Energy and Power
- Critical Manufacturing Sector
- Water and Wastewater
- Others
- Others
- Breakup by Type
- Breakup by Type
- Breakup by Type
- Breakup by Type
On the basis of region, the market is categorised into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Public Safety and Security Market Trends
Among the key trends influencing the global public safety and security market is the rising usage of advanced technologies for improved efficiencies in detection and response to risks and hazards. Technologies such as behaviour analytics, anomaly detection, and facial recognition systems speed up data collection and analysis processes, enabling greater accuracy in handling threats and ensuring maximum public safety and security. Growing integration of artificial intelligence and machine learning are anticipated to provide further opportunities to the market for public safety and security.
Increasing development of smart cities worldwide is projected to be another crucial trend in the public safety and security market. These cities are being equipped with a vast range of digital capabilities and connectivity, enabling easier implementation of public safety and security solutions in homeland security, emergency services, and transportation systems as well as in the government and public sector industry verticals.
Regionally, North America accounts for a sizable share of the global public safety and security market, driven by increasing investments of countries such as the United States and Canada towards public safety and security. Rising threats of terrorism, increasing illegal immigration, and availability of key market players are augmenting the adoption of public safety and security solutions and services in North America.
Key Market Players
The major players in the global public safety and security market report are Atos SE, Cisco Systems, Inc., General Dynamics Mission Systems, Inc., Hexagon AB, Honeywell International Inc, NEC Corporation, Thales Group, Telefonaktiebolaget LM Ericsson, Siemens AG, and Johnson Controls, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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