Global Public Safety and Security Market – Industry Trends and Forecast to 2029

Global Public Safety and Security Market, By Solution (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), Service (Managed Services and Professional Services), Vertical (Homeland Security, Emergency Services, Critical Infrastructure Security, Transportation Systems and Others), Deployment Mode (Cloud and On-Premises), Software Type (Record Management Software, Investigation Management, Locations Management Solutions, Crime Intelligence and Crime Analysis) – Industry Trends and Forecast to 2029.

Public Safety and Security Market Analysis and Size

Government provides public safety and security services to ensure that people, organizations, and infrastructure are safe and secure against dangers. Public safety and security systems give their consumers a number of benefits, including cybersecurity, quick application development, accessibility, and secure mobility.

Global public safety and security market was valued at USD 405.7 billion in 2021 and is expected to reach USD 1,003.06 billion by 2029, registering a CAGR of 11.98% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Public Safety and Security Market Scope and Segmentation

Market Definition

The government provides public safety and security to ensure that people, organizations, and other infrastructures are protected from threats such as terrorism, natural disasters, fraud, smuggling, and others.  

Public Safety and Security Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Violation of privacy

Any surveillance systems are frequently considered an invasion of privacy and are opposed by various civil liberties groups and activists at locations such as roads, parking lots, parks, transportation modes, retail establishments, financial institutions, and offices. Since consumers expect their personal information to be used exclusively for legal and defined purposes, there have been concerns about who views the video and how it might be used or exploited.

• Big data analytics used in public safety and security

Year after year, the rate of technological progress accelerates. Connected devices produce massive volumes of data, and these insights can be used to defend critical infrastructure from threats. Data analytics is the practice of examining past data to discover important insights. By doing so, public safety organizations and security personnel may better understand the suspect in a crime and easily stop further crimes. To speed up crime reaction times, numerous CCTV monitoring systems now incorporate cutting-edge big data analytics capabilities.

• Increased demand for effective security solutions

The number of data breaches are increasing rapidly all across organizations. Large scale organizations are heavily investing in centralized data safety and security solutions. This has widened the scope of growth for the market. Growing shift towards cloud-based data platforms to manage and mitigate data theft and cyber security issues is bolstering the market's growth rate in a sharp upward direction.

Furthermore, the factors such as rising urbanization, industrialization and mounting need to extract in-depth insights from growing volumes of data and achieve benchmarking during the forecast period are some other important market drivers. Additionally, rising investment by the enterprises for data storage centers and rising demand for simplified access to organizational data from departmental silos are anticipated to drive the market's growth rate.

Opportunities

• Rising adoption of advanced technologies

Internet of things or connected devices technology will truly benefit the market in the long run. Internet of things technology allows the data collection through more ways and improves the operational efficiency with respect to cost and the data analytics. IOT even offers greater degree of ease in running analytics.

• Rising instances of terrorist activities

The necessity for public safety and security solutions has been highlighted by the increasing number of assaults that have resulted in the loss of multiple lives and significant infrastructure damage. The US Department of State reports an increase in terrorist activity worldwide. National and global security have been seriously threatened by the rise of organized crime. Criminal networks are growing and broadening their operations, posing a convergent threat to democratic institutions, public health, and public safety, as well as undermining global economic stability.

• Increasing trend of digitalization

Additionally, the increasing trend of digitalization further offers numerous growth opportunities within the market. Rising number of data processing activities and complete digitization of operations will also work in favor of the market.

Restraints/Challenges

• Budgetary concerns and issues

The deployment of data storage solutions and systems is quite costly. Budgetary restraints in small scale organizations can hamper the growth rate of the market. Also, slow onboarding process, high data upkeep costs and complexities of legacy data will also impede the market growth rate. Lack of data privacy, transparency and no real-time visibility into vulnerabilities will further worsen the situation.

• Integration and installation challenges

Integrating security systems has many advantages, but it is a difficult procedure. One difficulty is having to purchase everything from the same source in order to integrate security systems. Customers may be forced to use a system that is inadequate if the vendor offers only limited support or decides to close shop. This obstacle might be addressed in the future, though, as more physical security providers enter the market.

• Lack of technical expertise

Dearth of expert knowledge and technical expertise and lack of awareness especially in the underdeveloped economies will create hurdles for the market in regards to the smooth growth in the market value. Further, lack of skilled professionals in data science in combination with slow adoption rate in the developing economies will yet again hamper the market growth rate.

This public safety and security market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the public safety and security market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Public Safety and Security Market

Due to increased investment in public safety solutions to limit the spread of illness, the public safety and security business benefited during the COVID-19 outbreak. In addition, worries about the safety and security of resources, people, and procedures have grown as a result of rising crime rates and rising terrorist activity. The necessity for public safety and security solutions has been highlighted by the increasing number of assaults that have resulted in the loss of multiple lives and significant infrastructure damage.

Recent Developments

• Honeywell made a strategic investment in RapidSOS in January 2022. To improve its capabilities for public safety communications, Honeywell's Connected Life Safety System (CLSS) will be connected to the RapidSOS emergency response data platform.
• In order to enhance its portfolio of products for public safety communications, Honeywell bought US Digital Designs in December 2021 and plans to combine it with its Fire and Connected Life Safety systems division.
• In February 2021, Cisco teamed up with Openpath, a pioneer in touchless, contemporary access control and automated workplace safety.

Physical Security Market Scope

The public safety and security market is segmented on the basis of solution, service, vertical, deployment mode and software type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solution

• 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

Service

• Managed Services
• Managed security services
• Managed network services
• Professional Services
• Design and consulting
• Installation and integration
• Support and maintenance
• Training and education

Vertical

• Homeland Security
• Law enforcement and intelligent agencies
• Border control
• Emergency Services
• Medical services
• Firefighting services
• Disaster management
• Critical Infrastructure Security
• Energy and power sector
• Critical and manufacturing sector
• Water and wastewater system sector
• Transportation Systems
• Airways
• Seaports
• Railways
• Others

Deployment Mode

• Cloud
• On-Premises

Software Type

• Record Management Software
• Investigation Management
• Locations Management Solutions
• Crime Intelligence and Crime Analysis

Public Safety and Security Market Regional Analysis/Insights

The public safety and security market is analyzed and market size insights and trends are provided by country, solution, service, vertical, deployment mode and software type as referenced above.

The countries covered in the public safety and security market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the public safety and security market due to the presence of established economies such as U.S. and Canada and strong economic growth, prevalence of stringent regulations regarding public safety, and rising investments by SMEs within the region. Prevalence of advanced IT infrastructure is another important factor determining the dominance of this region.

Asia-Pacific region is showing a promising potential and is set to grow with the highest growth rate during the forecast period. This is because of the increasing demand for smart security solutions across India and China, rising cyber-attacks and terrorist activities and growing number of small and medium scale enterprises.

The country section of the report also provides individual market impacting factors and domestic regulation changes that impact the market's current and future trends. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Public Safety and Security Market Share Analysis

The public safety and security market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to public safety and security market.

Some of the major players operating in the public safety and security market are

• Cisco Systems Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Motorola Solutions, Inc. (U.S.)
• IBM (U.S.)
• NEC Corporation (Japan)
• Siemens (Germany)
• Thales (France)
• Telefonaktiebolaget LM Ericsson (Sweden)
• Huawei Technologies Co., Ltd. (China)
• Johnson Controls. (Ireland)
• Hexagon AB (Sweden)
• IDEMIA (France)
• General Dynamics Corporation (U.S.)
• Esri Global, Inc. (U.S.)
• L3Harris Technologies, Inc. (U.S.)
• ALE International, ALE USA Inc. (France)
• BAE Systems (U.K.)