Public Safety and Security Market Overview:
The public safety and security market is experiencing rapid growth as governments and organizations focus on enhancing safety measures to protect citizens, infrastructure, and sensitive data. This market encompasses a wide range of solutions, from surveillance systems to cybersecurity, aimed at ensuring public protection and disaster management.
Global Public Safety and Security Market size and share is currently valued at USD 514.89 billion in 2024 and is anticipated to generate an estimated revenue of USD 1160.32 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 10.7% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Key Market Drivers:
- ncreasing Crime and Terrorism Threats: The rise in criminal activities and terrorism worldwide has intensified the demand for advanced public safety solutions, such as surveillance cameras, biometric systems, and emergency response technologies.
- Technological Advancements: Innovations in AI, machine learning, and IoT are transforming public safety solutions, enabling real-time monitoring, predictive analytics, and more effective emergency response systems.
- Government Initiatives and Investments: Governments are investing heavily in smart city infrastructure, surveillance systems, and cybersecurity to safeguard public spaces and protect citizens, further driving market growth.
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Key Companies in Public Safety and Security Market:
- Cisco Systems, Inc.
- Honeywell International Inc.
- Motorola Solutions, Inc.
- IBM
- Siemens
- Hexagon AB
- Thales
- Huawei Technologies Co., Ltd.
- IDEMIA
- General Dynamics Corporation
- L3Harris Technologies, Inc.
- BAE Systems
- Esri
- SAAB AB
- Teltronic S.A
- Barrier1 Systems, LLC
- OnSolve
Public Safety and Security Market Segmentation:
Polaris Market Research has segmented the public safety and security market based on solution, service, application, deployment, and software type, offering a detailed view of market trends, opportunities, and growth potential across various sectors.
By Solution Outlook (Revenue – USD billion, 2019–2032)
- Critical Communication Network
- C2/C4isr System
- Biometric Security and Authentication System
- Surveillance System
- Scanning and Screening System
- Emergency and Disaster Management
- Cyber-security
- Public Address and General Alarm
- Backup and Recovery System
By Service Outlook (Revenue – USD billion, 2019 – 2032)
- Managed Services
- Professional Services
By Application Outlook (Revenue – USD billion, 2019 – 2032)
- Homeland Security
- Law Enforcement and Intelligent Agencies
- Border Control
- Emergency Services
- Transportation Systems
By Deployment Outlook (Revenue – USD billion, 2019 – 2032)
- On-Premises
- Cloud
By Software Type Outlook (Revenue – USD billion, 2019 – 2032)
- Record Management Software
- Investigation Management
- Locations Management
- Crime Intelligence and Crime Analysis
Public Safety and Security Industry Developments:
The public safety and security market is marked by significant technological advancements, such as the integration of AI for predictive policing and advanced video analytics. Cloud-based platforms are increasingly being used for real-time data sharing and coordination among public safety agencies. Companies are also focusing on developing integrated solutions that combine physical security, cybersecurity, and emergency management systems.
Public safety and security solutions are becoming increasingly essential in today’s rapidly evolving threat landscape. As technology continues to advance, the market will see continued growth, enabling smarter and more efficient safety measures worldwide.