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2022

Public Safety and Security Market

Public Safety and Security Market Size, Share, Competitive Landscape and Trend Analysis Report by Offering (Solution, Service), by Enterprise Size (Large Enterprises, SMEs), by Application (Emergency Communication and Incident Management, Surveillance and Security, Disaster Management), by Industry Vertical (Government & Public Sector, Transportation, Healthcare, Retail, Education, Manufacturing, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Pramod Borasi| Beesetty Yogendra | Vineet Kumar
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Public Safety And Security Market Research, 2031

The global public safety and security market was valued at $405.7 billion in 2021, and is projected to reach $832.1 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031.

The public safety and security are important thing for economic development and communities well-being. In addition, government embraces the infrastructure and technologies that allow intelligence departments to gather, understand, analyze, and detect activities in real time. Furthermore, using smart technology such as internet of things (IOT), artificial intelligence (AI), machine learning (ML), and network technology devices enable communities to protect critical infrastructure improve public safety & security and positively affect the resident lives.

Rise in instances of terrorist activities & security breaches and surge in government regulations & policies regarding public safety drive the growth of public safety and security market. Moreover, increasing number of security breaches in healthcare institutions and other organizations are boosting the public safety and security market size. However, high installation and maintenance cost and lack of advanced infrastructure in the underdeveloped economies and lack of inter-operability of systems for public safety and security systems restrict the public safety and security market growth. On the contrary, emergence of big data analytics in public safety and security is expected to offer remunerative opportunities for expansion of the public safety and security market during the forecast period.

Public Safety and Security Market, Public Safety and Security Market Size, Public Safety and Security Market Share, Public Safety and Security Market Trends, Public Safety and Security Market Growth, Public Safety and Security Market Forecast, Public Safety and Security Market Analysis

The public safety and security market is segmented into Offering, Enterprise Size, Application and Industry Vertical.

Segment review

The public safety and security market is segmented on the basis of by offering, enterprise size, application, industry vertical, and region. On the basis of offering, the market is categorized into solutions, and service. On the basis of enterprise size, the market is classified into large enterprise and SMEs. On the basis of application, the market is fragmented into emergency communication and incident management, surveillance and security, disaster management. Based on industry vertical, it is classified into government & public sector, transportation, healthcare, retail, education, manufacturing, others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in the public safety and security industry are Ambee, Atos SE, Cisco Systems, Inc, Carbyne, Esri, General Dynamics Corporation, Hexagon AB, Honeywell International Inc., Huawei Technologies Co., Ltd, Idemia, IBM Corporation, L3Harris Technologies, Motorola Solutions Inc., NEC Corporation, Siemens AG, Thales Group, Telefonaktiebolaget LM Ericsson These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Public Safety and Security Market
By Offering
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The service segment is anticipated to grow at a significant rate during the forecast period, as it provides professional services such as implementation, training & support, and consulting services.

In terms of offering, the solution segment holds the largest public safety and security market share owing to high demand for cost savings, increased delivery speed & quality, and growth in standardized & configurable services to improve & strengthen the existing information technology infrastructure. However, the service segment is expected to grow at the highest rate during the forecast period owing to high demand for design and deployment of new public safety and security network as part of digital transformation initiative and growth in popularity and adoption of Public Safety as a Service (PSaaS) model. 

Public Safety and Security Market
By Region
2031
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific countries are expected to adopt a high rate owing to increasing economic advancement and various government initiatives.

Region wise, the public safety and security market share was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to technological advancements in the Information and Communication Technology (ICT) sector and rapid rise of artificial intelligence (AI) & internet of things (IoT) within end users is positively impacting the growth of public safety and security industry. However, Asia-Pacific is expected to witness significant growth during the forecast period, due to high government investments in improving the existing public safety and security infrastructure to tackle terrorism and illegal immigration is anticipated to drive the market growth.

 

COVID-19 Impact Analysis

The public safety and security market has witnessed significant growth in past few years; however, due to the outbreak of the COVID-19 pandemic, the market is projected to witness a slight downfall in 2020. This is attributed to implementation of lockdown by governments in majority of the countries and the shutdown of travel across the world to prevent the transmission of virus. The public safety and security industry is projected to prosper in the upcoming years after the recovery from the COVID-19 pandemic. Moreover, many companies have developed new security devices to support security professionals in their work in these crucial times. For instance, in April 2022, Thales Group developed and incorporated new features and external applications into security digital platform. The company used the power of cyber security, artificial intelligence, and big data to upgrade its security and mobility solutions to tackle contingencies needs.

Top Impacting Factors

Rise in instances of terrorist activities and security breaches

The growth in crime rates and the rise in terrorist activities have increased the concerns over the safety and security of assets, people, and processes. In addition, increasing attacks have led to the loss of several human lives and severe damage to infrastructure, highlighting the need for public safety and security solutions. According to the U.S. Department of State, terrorist activities have been rising across the globe. The growth in organized crime has posed a significant threat to national and international security. Moreover, criminal networks are expanding and diversifying their activities, resulting in the convergence of threats to public safety, public health, and democratic institutions and affecting economic stability across the globe. For instance, in June 2022, Canada Minister of Public Safety, to strengthen Canada’s cyber security with the introduction of Bill C-26, An Act Respecting Cyber Security (ARCS). This proposed legislation is anticipated to protect Canadians and bolster cyber security across the financial, telecommunications, energy, and transportation sectors These are the factors that drives the market growth.

Rise in government regulations and policies regarding public safety

Government regulations and policies protect public safety and market fairness. In addition, to meet the increase in challenges in the public security area, responsible public institutions and organizations can tap into their own intelligence to successfully address possible threats in advance. For instance, in September 2021, Australian government passed the Surveillance Bill to give police greater powers to snoop on criminal suspects online, interrupt their data, and take over their accounts was passed with Labor's support in Australia. For instance, in June 2021, The Australian Government has launched Australia's International Cyber and Critical Technology Engagement Strategy aim to deliver a safer, more secure, and prosperous cyberspace across Australia, the Indo-Pacific and the world. Therefore, these regulations and policies helps to drive the market growth.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the public safety and security market analysis from 2021 to 2031 to identify the prevailing public safety and security market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the public safety and security market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global public safety and security market trends, key players, market segments, application areas, and market growth strategies.

Public Safety and Security Market Report Highlights

Aspects Details
Public Safety and Security Market By Offering
By Offering
  • Solution
    • Solution
      • Surveillance Systems
      • Mass Notification Systems
      • Disaster Recovery and Backup Systems
      • Biometrics Systems
      • Scanning and Screening Systems
      • Critical Communication Networks
      • Cyber Security
      • Others
  • Service
Public Safety and Security Market By Enterprise Size
By Enterprise Size
  • Large Enterprises
  • SMEs
Public Safety and Security Market By Application
By Application
  • Emergency Communication and Incident Management
  • Surveillance and Security
  • Disaster Management
Public Safety and Security Market By Industry Vertical
By Industry Vertical
  • Government & Public Sector
  • Transportation
  • Healthcare
  • Retail
  • Education
  • Manufacturing
  • Others
Public Safety and Security Market By Region
By Region
  • North America  (U.S., Canada)
  • Europe  (United Kingdom, Germany, France, Italy, Spain, Netherlands, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, South Korea, Singapore, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

IBM Corporation

Analyst Review

Public safety and security geared toward the protection against criminal activities is perpetuated to keep the criminals at bay. In addition, with the safety systems installed, people can be protected against unintended accidents. Moreover, for public safety and security, some technologies are employed such as dig data analytics, artificial intelligence (AI), machine learning (ML), cyber security, emergency disaster management and others.

The global public safety and security market is expected to register high growth due to the rising cyber threats, increasing awareness about the importance of security, replacement of obsolete architecture, and rise in hazardous industrial explorations. Moreover, the surge in demand for various visualized real-time information drives the growth of public safety and security market. With growth in requirement for public safety and security, various companies have established alliance to increase their capabilities. For instance, in June 2021, Siemens partnered with Secom on infrastructure security solutions. It helps to focus on offering solutions to critical business infrastructure, including defense facilities, government department, and agency buildings. The partnership between Secom and Siemens is anticipated to include the entire Siemens Smart Infrastructure security portfolio, which consists of integrated access control technology.

In addition, with further growth in investment across the world, the rise in demand for public safety and security, various companies have expanded their current product portfolio with increased diversification among customers. For instance, in October 2020, UL, a leading global safety science company, launched new cyber security services for the Japanese automotive industry to meet new cyber security regulations instituted by the United Nations Economic Commission for Europe. For instance, in April 2022, Motorola Solutions launched Cyber threat information sharing and analysis organization for public safety. Public safety threat alliance members can share and analyze data from multiple sources to proactively contribute to a more robust cyber security posture for the public safety community, constituents, and other stakeholders including government agencies and businesses. These factors are set to accelerate the market growth toward public safety and security in the coming time.

Moreover, with increase in competition, major market players have started acquiring companies to expand their market penetration and reach. For instance, March 2021, Kroll acquired Redscan, a cyber-security, to expand the Kroll responder capability to support a broader array of on-premise and cloud telemetry sources.

Author Name(s) : Pramod Borasi| Beesetty Yogendra | Vineet Kumar
Frequently Asked Questions?

Rise in instances of terrorist activities & security breaches and surge in government regulations & policies regarding public safety drive the growth of public safety and security market.

Region wise, the public safety and security market share was dominated by North America in 2021 and is expected to retain its position during the forecast period, owing to technological advancements in the Information and Communication Technology (ICT) sector and rapid rise of artificial intelligence (AI) & internet of things (IoT) within end users is positively impacting the growth of public safety and security industry.

The global public safety and security market was valued at $405.74 billion in 2021, and is projected to reach $832.05 billion by 2031, registering a CAGR of 7.5% from 2022 to 2031.

The key players that operate in the public safety and security industry are Ambee, Atos SE, Cisco Systems, Inc, Carbyne, Esri, General Dynamics Corporation, Hexagon AB, Honeywell International Inc., Huawei Technologies Co., Ltd, Idemia, IBM Corporation, L3Harris Technologies, Motorola Solutions Inc., NEC Corporation, Siemens AG, Thales Group, Telefonaktiebolaget LM Ericsson These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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Public Safety and Security Market

Global Opportunity Analysis and Industry Forecast, 2021-2031