The Asia-Pacific Public Safety Market size is estimated at USD 102.22 billion in 2024, and is expected to reach USD 155.69 billion by 2029, growing at a CAGR of 8.70% during the forecast period (2024-2029).
Public safety is safeguarding the general public's well-being and security, which is typically a governmental responsibility. Usually, countries have public safety institutions/organizations whose primary objective is to protect the public from potential threats to safety, such as criminal activity or catastrophic events. This is accomplished through cooperation with private organizations to provide technology and other assistance.
Asia-Pacific is anticipated to remain among the major markets for public safety solutions due to several factors. For instance, the growing implementation of smart city projects across different countries is stimulating the need for public safety and security. Smart cities leverage various data sources, including cameras, IoT devices, and sensors, to collect and analyze real-time information. This data provides valuable insights to enable timely monitoring and response to incidents. For instance, in July 2023, the Ministry of Housing and Urban Affairs, India (MoHUA) reported that 100 smart cities issued work orders for 7,978 projects. Of these, 5,909 projects had been completed, accounting for 74% of the total smart cities, utilizing about 90% of the allocated funds.
The occurrence of pandemics has highlighted the necessity of public safety measures to safeguard public health and guarantee the availability of medical care. In 2023, the WHO (World Health Organization) reported that China had an average of 2,18,019 new COVID-19 cases per week. As public safety solutions help improve medical record management, investigations, and critical infrastructure of the healthcare industry, the growing investments in developing digital infrastructure for the medical industry, especially in the aftermath of the pandemic, will drive their adoption.
Rising crime rates across various countries of Asia-Pacific also favor the demand for public safety systems as the uptake of advanced digital solutions among law enforcement agencies continues to grow. For instance, the rate of cybercrimes and cases of digital asset theft has increased significantly in the region, forcing law and crime investigation agencies to invest in advanced solutions to ensure the safety of public records.
However, factors such as lower awareness about the benefits of public safety solutions, the substantial cost of developing the supporting infrastructure, and a lack of skilled workforce remain among the significant challenges to the market's growth in Asia-Pacific.
The pandemic outbreak significantly impacted industrial activities in Asia-Pacific due to supply chain disruptions and lockdown restrictions. Despite the number of positive cases becoming negligible, the demand for health monitoring and screening solutions continues to thrive as organizations and public places implement measures to identify and address potential health risks. Hence, the growing uptake of digital solutions in the medical industry will continue supporting the market's growth post-COVID-19.
The Asia-Pacific public safety market is very competitive. The market is getting cluttered by the entry of various small and large players. Major players continue to have a significant presence in the market and are focusing on expanding the consumer base in the region. Some important players in the market are BAE Systems, L3Harris Technologies Inc., Kroll LLC, Atos SE, and Cisco Systems Inc. Companies are increasing their market share by forming multiple partnerships and introducing new products to earn a competitive edge during the forecast period.
In March 2024, Staqu Technologies, in collaboration with the UP Government and Special Task Force, introduced its cutting-edge AI tool, Crime GPT, to bolster the region's security. Crime GPT, as described by the company, streamlines law enforcement searches by directly accessing a digitized criminal database. This allows for pinpointed information retrieval on specific individuals, utilizing both written and spoken inputs. Noteworthy features include facial recognition, speaker identification, voice recognition, and in-depth criminal gang analysis.
In March 2024, the Central Bureau of Investigation (CBI) and the European Union Agency for Law Enforcement Cooperation (Europol), known for its digital crime analysis platform, inked a Working Arrangement. This pact solidifies ties between Indian law enforcement, represented by the CBI, and the counterparts at Europol. The agreement, signed by Europol's Executive Director and the Director of the CBI, aims to enhance collaboration. Officials highlight that this move will bolster synergies by aligning their mandates and strategies.
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