Public Safety and Security Market

[419 Pages Report] The global public safety and security market is projected to grow from USD 520.8 billion in 2024 to USD 878.2 billion by 2029 at a compound annual growth rate (CAGR) of 11.0% during the forecast period. Growing security threats like terrorism and crime lead various governments, including the US, Canada, the UK, and Germany, to adopt advanced safety measures such as biometric security and video surveillance. Meanwhile, technological advancements such as the Internet of Things, Artificial Intelligence, and Big Data are changing strategies for public safety by improving surveillance and emergency response.

COVID-19 has also changed the notion of public safety, resulting in increased investment in health-related security measures. Increasing urbanization and infrastructure development further add to the demand for end-to-end security solutions, while smart city projects play a huge role in enhancing urban services and livability.

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IMPACT OF AI/GEN AI ON PUBLIC SAFETY AND SECURITY MARKET

Generative AI can change public safety and security for productivity, decision-making, and active threat control. It automates key tasks in sorting emergency calls and writing incident reports, reducing manual work and reducing the response time. Gen AI is used in predictive analytics in the public safety and security market to predict offenses at crime hotspots and resources are utilized to their fullest by ensuring that police and emergency services are dispatched to where they are needed most. Generative AI makes real-time threat detection much better by using advanced surveillance systems, and it helps in training first responders by creating different emergencies for training purposes. Even with these advantages, generative AI use in public safety raises concerns about data privacy, misinformation, and bias in what AI generates. Generative AI is expected to revolutionize public safety by enhancing operational abilities in this sector toward the building of safer communities.

PUBLIC SAFETY AND SECURITY MARKET DYNAMICS

Driver: Need for security training and awareness

Awareness related to security risks and probable losses due to threats has acted as a trigger for the government and organizations to increase their expenses on security. With more than 70% of the workforce working remotely, organizations have majorly invested in training and educating the workforce on probable threats and ways to deal with them. The government and regulatory bodies disseminate guidelines and training resources to citizens to protect organizations' assets, data, and financial resources. Security training and consulting are likely to continue high-growth performance in the next two-to-five years. The Fortinet Security Awareness and Training is a SaaS-based solution that helps to educate employees about cybersecurity threats. This solution establishes a Cyber Aware culture and helps the organizations meet compliance requirements. It comprises engaging and interactive training with quizzes, an ease-of-use admin interface, and branding ability for customization.

Restraint: Violation of privacy

Security cameras installed around places such as highways, parking lots, parks, public transportation, retail shops, financial institutions, and offices tend to be viewed as an intrusion of privacy and thus are always opposed by civil liberty groups and other activists. Most questions will revolve around who has access to the footage and how the information will be misused since people only expect that their private information is subjected to use for legitimate purposes. The detrimental effects video surveillance systems have on privacy can be eased if governments and private organizations give guidelines regarding regulations. As an example, if the GDPR or CCPA were to be applied, then any public or private entity in charge of monitoring through CCTV in public areas would have to comply with these laws or face severe fines. On-premise video surveillance, access control, and ANPR system vendors also need to ensure that EU GDPR is complied with in terms of controlling access to sensitive information contained within systems and servers. Surveillance data and facial recognition technology are increasingly being misused, which results in a growing public outcry that acts as a damper on growth in the public safety and security market due to potential violations of privacy.

Opportunity: Emergence of big data analytics in public safety and security

The tech world is constantly evolving at lightning speed every year. Numerous connected devices are producing large amounts of information to safeguard important structures from invasions. Big data analysis entails sifting through massive amounts of both structured and unstructured information. Security device data undergoes cleaning and management for pattern recognition and outlier identification purposes; this enables police departments, as well as other bodies responsible for public safety, to identify criminals and avert similar acts in the future. Nowadays there are also advanced CCTV systems featuring advanced big data analytics aimed at improving police response times against crime incidents. A report by KOVA Corporation 2024 states that public safety organizations utilize huge datasets to identify trends and profiles used by criminals through tracking them, forecasting their possible actions while implementing better measures in cyber safety matters.

Challenges: Integration of logical and physical components of security systems

The blending of public safety and security applications like access control with logical security applications like biometric identification programs into a single system is known as security system integration. Through this convergence, organizations stand to gain improved efficiency as well as more comprehensive databases for their security infrastructures. For example, if there is a link between the access control and intrusion alarm systems when they detect an intruder, the system can be configured to lock down the facility depending on the type of alarm sound.

Integrating security systems provides numerous advantages; however, it is not an easy task. The major issue is that one needs to purchase all items from one dealer for effective security system integration. If the vendor provides only minimal support or decides to exit the business, customers could become saddled with a system that does not meet their needs. However, as a rising number of companies dealing with public safety and security come into play, this overwhelmed market might witness changes soon enough.

Public Safety and Security Market Ecosystem

The Public Safety and Security market ecosystem comprises of software and solution providers, and end users such as homeland security, emergency services, critical infrastructure security, and transportation systems. Regulatory authorities and standardization bodies also play a crucial role in influencing market trends, innovations, and safety of public data.

The homeland security application segment to account for a larger market size during the forecast period

Homeland security is one of the most vulnerable verticals. It consists of defense establishments, nuclear power plants, and government buildings. A terrorist attack on any of these can cause irreparable damage to the nation. Effective identification & security checking and providing access control to critical infrastructure have led to the adoption of biometric and other identification technologies.

The risk of terrorist attacks has also led to increased spending on aviation security. Illegal arms, drug trafficking, and illegal immigration have led to increased border and seaport security. Many of the counter-terrorism measures that were adopted since 9/11 and the London and Madrid bombings, resulted in the implementation of many technical tools wherein authorities around the world invested in visual surveillance in terms of CCTV cameras, as well as recognition technologies. The public safety and security solutions offered to homeland security should be designed to prevent terrorist attacks on the homeland and provide resilience in case of attack. They are required to provide credible security against cyber frauds and cyber espionage, and detection and protection capabilities against CBRN threats. Growth in the homeland security vertical can be attributed to the threat of cross-border terrorism, cybercrime, piracy, drug trade, human trafficking, internal dissent, and separatist movements.

The critical communication network solution segment to account for a larger market size during the forecast period

Critical communication networks for ambulance, police, and fire services provide reliable contact, security, and situational awareness in emergency missions. These networks gradually replace the wired systems in public safety as 3GPP LTE, 5G, and advanced broadband technologies evolve into radio systems of LTE broadband, wireless broadband, and FirstNet. With several smart city projects, Asia Pacific gives a strong foothold to the growing demand for public safety solutions—surveillance, biometrics, and authentication systems. Cities like Hong Kong and Singapore are using citywide TETRA systems, while others from Australia, India, and Indonesia are adopting P25 solutions for security, which only makes the case for these aforementioned systems even stronger. Further, these networks—such as Communication-Based Train Control and Positive Train Control—are used by transportation operators (public transport authorities) for safe operations. GSM-R is used in Europe within the European Rail Traffic Management System. The installation of regional and local 4G networks in areas of the Middle East further underlines the enhanced role of critical communication networks across multiple industries to assure public safety and security worldwide.

The managed services segment to grow at a higher CAGR during the forecast period

For the increasing threats and sophisticated attacks, an organization and government have to keep updating security systems, both in-house and perimeter. New networks require extra labor for operations and management. In the current dynamic world of businesses, several business processes require fast handling and may sometimes need tested solutions for wide implementation. Many times, companies outsource for the above reasons, which may be time-consuming processes, resource constraints, or the cost of running in-house services. Managed service providers or MSSPs facilitate and ensure that critical business information is secure and business processes run seamlessly. They keep the systems updated with the latest trends in public safety and security technologies. These value-added services include system management, log analysis, on-premises device monitoring, management services, and cloud services. Other niche MSSPs, telecom companies, system integrators, and VARs make up the rest of the global fragmented market for managed services.

North America to have the largest market size during the forecast period

North America remains at the forefront of the worldwide market for public safety and security due to its advanced infrastructure and extensive employment of cyber technology, supporting a large number of vendors in both the US and Canada. Growth within this area is encouraged by a high smartphone penetration rate, growth within the e-commerce sector as well as fierce regional competition on the technological front. Protecting vital facilities and confidential information has been rated as one of the key concerns for governments within the area. Additionally, there has been an unprecedented increase in investments made towards the medical industry along with training concerning Intrusion Detection Systems (IDS) as well as Intrusion Prevention Systems (IPS).

Governments in the US and Canada are joining forces with law enforcement agencies to take measures against terrorism, raise the level of cybersecurity, and raise public awareness of cyber threats. Leading the way for North America are innovations that drive trends in public safety, ranging from AI-fueled predictive policing to the large-scale use of body-worn cameras, helping keep the public safe as advanced cyber attacks manifest. The region has struggled with a balance of private interests and public safety, yet the urgency to get policies right has increased from mass shootings and mental health crises to social justice movements and climate change. It is pushing landscapes for which investment in technology and collaboration with the private sector must be dedicated to crime prevention and cybersecurity.

Key Market Players

Cisco (US), Honeywell (US), Motorola Solutions (US), IBM (US), Siemens (Germany),NEC (Japan), Thales (France), Hexagon (Sweden), Ericsson (Sweden), and Huawei (China), Atos(France), Idemia(France), General Dynamics(US), ESRI(US), L3harris Technologies(US), Alcatel-Lucent Enterprise(France), Bae Systems(UK), Verint Systems(US), SAAB AB(Sweden), Nice(Israel), Teltronic(Spain), Secure Passage(Kansas), Fotokite(Switzerland), Onsolve(US), Barrier1 Systems(US), IOTAS(India), Veoci(US), Cityshob(Israel) are some of the key players operating in the global Public Safety and Security market.

Scope of the Rport

The study categorizes the Public Safety and Security Market By Offering, Solution, Services, Deployment mode, application, and Region.

By Offering

• Solution
• Services

By Solution

• Critical Communication Network
• C2/C4ISR System
• Bio Metric Security and Authentication System
• Surveillance Systems
• Scanning and  Screening System
• Emergency and Disaster Management
• Cybersecurity

By Services

• Professional
  • Design and Consulting
  • Implementation
  • Training and Education
  • Support and Maintenance
  • Incident Response Services
• Managed Services

By Deployment Mode

• On-premises
• Cloud

By Application

• Homeland Security
• Emergency Services
• Critical Infrastructure Security
• Transportation Systems

Region

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

Recent Development

• In July 2024, Cisco and HTX, Singapore's homeland security technology innovation agency, signed a Memorandum of Understanding to trial 5G and artificial intelligence technologies in order to improve homeland security. It will leverage Cisco's 5G-as-a-Service in the development, testing of 5G proofs-of-concept, and innovation of AI-driven security operations. This collaboration, as part of the Cisco Country Digital Acceleration program, is going to help HTX meet advanced cyber threats better and improve public safety.
• In March 2024, Cisco and Telenor Group expanded their joint efforts of connecting underserved regions while advancing ESG goals, co-investing in digital skills, cybersecurity, and environmental sustainability. This includes scaling the cloud connectivity of defense and public safety solutions alongside security product development for mass adoption with a view to greater efficiency and lower carbon footprint.
• In December 2023, Honeywell and SOTI's partnership enabled remote management of over one million devices globally, enhancing operational efficiency, data security, and lifecycle management for businesses. Their collaboration reduces TCO, increases ROI, and minimizes e-waste through innovative mobility solutions.
• In January 2022, Honeywell Made a Strategic Investment in RapidSOS. RapidSOS emergency response data platform will be linked to Honeywell’s Connected Life Safety System (CLSS) to enhance its Public Safety Communications Capabilities.
• An article published by FINSMES in May 2024 states that IoT can be leveraged in improving emergency response, data analysis and real-time monitoring in public safety and security.

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