Public Safety and Security

Public Safety and Security

Global Public Safety and Security Market to Reach US$810.3 Billion by 2030

The global market for Public Safety and Security estimated at US$464.0 Billion in the year 2023, is expected to reach US$810.3 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2023-2030. Public Safety and Security Solutions, one of the segments analyzed in the report, is expected to record a 7.8% CAGR and reach US$439.7 Billion by the end of the analysis period. Growth in the Public Safety and Security Services segment is estimated at 8.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$124.3 Billion While China is Forecast to Grow at 11.4% CAGR

The Public Safety and Security market in the U.S. is estimated at US$124.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$175.4 Billion by the year 2030 trailing a CAGR of 11.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.3% and 6.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.

Global Public Safety and Security Market - Key Trends and Drivers Summarized

Why Is Public Safety and Security Becoming a Top Priority Globally?

Public safety and security have become top priorities for governments, businesses, and communities worldwide due to the increasing threats posed by terrorism, cyberattacks, natural disasters, and other emergencies. The need to protect citizens, infrastructure, and assets has driven the development and deployment of a wide range of safety and security measures, including surveillance systems, emergency response services, and cybersecurity solutions. As urbanization continues to increase, with more people living in densely populated cities, the risks associated with public safety have also grown, making it imperative for authorities to implement comprehensive safety and security strategies. The COVID-19 pandemic has further highlighted the importance of robust public safety measures, as governments and organizations have had to quickly adapt to new challenges related to public health and safety.

What Technological Innovations Are Enhancing Public Safety and Security?

Technological innovations are playing a critical role in enhancing public safety and security, providing authorities with more effective tools to monitor, prevent, and respond to threats. The integration of advanced surveillance technologies, such as high-definition cameras, facial recognition, and drones, has significantly improved the ability to monitor public spaces and detect suspicious activities in real-time. The use of artificial intelligence and machine learning in security systems has enabled more accurate threat detection and predictive analytics, allowing for proactive measures to prevent incidents before they occur. Cybersecurity technologies are also evolving rapidly, with advanced encryption, multi-factor authentication, and intrusion detection systems being deployed to protect critical infrastructure and sensitive data from cyber threats. Additionally, the development of emergency communication systems and mass notification platforms has improved the ability to coordinate responses and disseminate information during crises. These technological advancements are making public safety and security measures more effective and comprehensive.

Which Sectors Are Leading the Implementation of Public Safety and Security Measures?

Public safety and security measures are being implemented across various sectors, with government, transportation, critical infrastructure, and commercial enterprises leading the way. Governments at all levels are investing heavily in public safety infrastructure, including surveillance systems, emergency services, and cybersecurity defenses, to protect citizens and maintain public order. The transportation sector, including airports, seaports, and mass transit systems, is deploying advanced security measures to protect passengers and cargo from potential threats. Critical infrastructure sectors, such as energy, water, and telecommunications, are implementing robust safety and security measures to protect essential services from both physical and cyber threats. Commercial enterprises, particularly those in finance, healthcare, and retail, are also investing in security systems to protect their assets, employees, and customers. These sectors demonstrate the widespread importance of public safety and security across the global economy.

What Are the Key Growth Drivers in the Market?

The growth in the public safety and security market is driven by several factors. The increasing frequency and severity of threats, including terrorism, cyberattacks, and natural disasters, is a major driver, as governments and organizations seek to enhance their safety and security measures. Technological advancements in surveillance, AI, cybersecurity, and emergency communication systems are also propelling market growth by providing more effective and efficient solutions for managing public safety. The rising demand for integrated security solutions, which combine physical security, cybersecurity, and emergency response into a cohesive system, is further driving the adoption of advanced safety and security technologies. Additionally, the growing emphasis on smart city initiatives and the need for resilient infrastructure are contributing to the expansion of the market. As the global focus on safety and security continues to intensify, the demand for comprehensive public safety and security solutions is expected to increase significantly.

Select Competitors (Total 38 Featured) -

• Cisco Systems, Inc.
• Ericsson AB
• Esri
• General Dynamics Corporation
• Harris Corporation
• Haystax Technology, Inc.
• Hexagon AB
• Huawei Enterprise
• IBM Corporation
• Motorola Solutions, Inc.
• NEC Corporation
• NICE Ltd.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.