Global Public Safety Analytics Market 2023-2030

Global Public Safety Analytics Market 2023-2030

Global Public Safety Analytics Market Size, Share & Trends Analysis Report, by Component (Software, Services), by Deployment Model (Cloud Based, On-premises), by Application (Law Enforcement, Medical, Firefighting, Transportation, Other), Forecast Period (2023-2030)

The global public safety analytics market is anticipated to grow at a significant CAGR of 25.5% during the forecast period. Public safety analytics is a robust solution with several offerings for public safety users. The solution is comprised of three parts: Citizen Connect, Law Enforcement Explorer, and Law Enforcement Analytics. This suite of tools gives agencies access to real-time data mapping and charts for internal use, actionable insights for resource allocation and tactic deployments, and mapped data sets for citizens. The growing demand for public with growing urbanization is a key factor driving the growth of the global public safety analytics market. According to the UN, According to the UN report of 2018, 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. Together, India, China and Nigeria will account for 35% of the projected growth of the world’s urban population between 2018 and 2050, it is projected that India will have added 416 million urban dwellers,

Additionally, the rise in criminal activities and terrorist attacks has driven the demand for data analytics in public safety solutions and services to make them more efficient. High cost of R&D of captured data can restrain the growth of the global public safety analytics market. However, the growing focus of governments towards using this solutions for public safety enhancement is anticipated to offer lucrative opportunities to the growth of the global public safety analytics market.

Segmental Outlook

The global public safety analytics market is segmented based on component, deployment model, and application. Based on component, the market is segmented into software and services. Based on deployment model, the market is segmented into cloud-based and on-premises. Based on application, the market is segmented into law enforcement, medical, firefighting, transportation, and other.

Law Enforcement Held Considerable Share in Global Public Safety Analytics Market

Law enforcement agencies are highly relied on the video surveillance equipment to ensure that everyone in the community is safe and protected. To solve crimes, keep the community secure, and preserve sensitive data, police departments are now using video analytics technology, data analytics, and other video feeds. These tools provide real-time video analytics and surveillance data.

The AI-integrated video analytics tool plays an essential role as wanted criminals, or terrorist suspects can be located in a crowd using video surveillance systems using facial recognition technology. For instance, in October 2022, Honeywell Automation designed an AI-based Video Analytics solution for Banglore Police in India. This will help the police authorities implement decisions quickly in emergencies, thereby keeping the city safe. Around 7500 cameras will be installed in 3000 locations throughout the city, including 6300 fixed cameras, 800 pan-tilt-zoom cameras, and 400 high-resolution cameras.

Regional Outlooks

The global public safety analytics market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America).

North America Held Considerable Share in the Global Public Safety Analytics Market

North America is expected to hold a significant share in the market owing to the availability of technical expertise, the ever-growing requirement of public safety organizations to get actionable insights in real-time and increasing demand for technologically enhanced public safety infrastructure. In the US the National Institute of Standards and Technology offers The PSCR Analytics portfolio that supports research around algorithms, datasets, and open-source tools that can be leveraged by public safety organizations to analyze emergency events. The portfolio is offered to support the growth of critical mass in public-safety-focused analytics R&D and critical enabling technologies and standards that will promote a robust and evolving state-of-the-art public safety communications analytics ecosystem. The presence of such government initiatives are further contributing to the growth of the regional market.

Market Players Outlook

The major companies serving the global public safety analytics market include Hexagon AB, IBM Corp. NEC Corp. Hitachi Vantara (Hitachi Ltd), and Verint Systems Inc. among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.

For instance, in May 2023, Claro Enterprise Solutions, the global integrator specializing in managing secure-by-design cybersecurity and information technology solutions has launched an AI Video Analytics product, powered by Iveda, the global solution provider for AI video and sensor technologies, to offer an innovative andinvaluable tool for enhancing vigilance in public spaces, including school campuses.

In January 2022, CivicEye, the end-to-end provider of cloud software for law enforcement, prosecutors, and security organizations, announced its entry into the public safety analytics software market. The company provides a modern, easy-to-use software platform for communities and law enforcement that helps to save lives and increase transparency and security.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global public safety analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.