The Public Safety and Security Market is growing as governments and enterprises invest in AI, surveillance, and emergency response solutions to enhance safety.
AUSTIN, TX, UNITED STATES, February 11, 2025 /EINPresswire.com/ -- The Public Safety and Security Market size was USD 458 Billion in 2023 and is expected to reach USD 1326.51 Billion by 2032 and grow at a CAGR of 12.60% over the forecast period of 2024-2032. The growing demand for sophisticated security, safety, and emergency response solutions will be primarily driven by increasing urbanization, growing fear of crime, terrorism, and natural disasters, as well as accelerating the adoption of emergent technologies. Governments and private organizations continue to look at improving their security infrastructure through the use of new and more modern technologies such as AI, machine learning, IoT, and cloud services.Get Sample Copy of Report: https://www.snsinsider.com/sample-request/3781
Keyplayers:
Cisco (Cisco Meraki, Cisco Firepower)
Honeywell (Honeywell Galaxy Flex, Honeywell Pro-Watch)
Motorola Solutions (APX Radios, CommandCenter Software)
IBM (IBM Security QRadar, IBM Resilient)
Siemens (Siveillance, Desigo CC)
NEC (NeoFace, Intelligent Video Analytics)
Thales (Safran, Video Surveillance Solutions)
Hexagon (Safety & Infrastructure, SmartCity)
Ericsson (Public Safety, Mobility Management)
Huawei (Safe City, Video Surveillance)
Atos (Digital Security, Cloud Security Solutions)
Idemia (MorphoWave, Secure Identity Solutions)
General Dynamics (Mission Systems, Security Solutions)
ESRI (ArcGIS, ArcGIS for Public Safety)
L3 Harris Technologies (P25 Radios, Public Safety Communications)
Alcatel-Lucent Enterprise (OmniAccess, OpenTouch Communication Server)
BAE Systems (NetReveal, Security Solutions)
Verint Systems (Situation Management, Video Intelligence)
SAAB AB (Surveillance Solutions, 9L Systems)
Nice (Public Safety Solutions, Investigate)
Teltronic (Tetra Radios, Control Room Solutions)
Secure Passage (Access Control, Security Solutions)
By services, Professional Services Dominate the Market, While Managed Services Show Fastest Growth
The Professional Services segment dominated the market in 2023, accounting for 61% of the revenue share. This segment is growing because of the increasing need for expert consultation, system integration, and the deployment of complex security technologies. These services offer customized solutions, ensuring efficient risk management, tailored security strategies, and smooth implementation of cutting-edge technologies.
The Managed Services segment, which provides cost-effective, outsourced security management solutions, is poised to grow at the fastest CAGR of 13.69% from 2024 to 2032.
By solution, Critical Communication Networks Dominate, While Emergency Management Segments Show Strong Growth
The Critical Communication Network segment took the lead in 2023 with approximately 26% of the revenue share. This dominance is due to the essential role of communication systems in public safety operations, especially during emergencies, law enforcement, and disaster responses.
The Emergency and Disaster Management segment is expected to grow at the fastest rate of 16.46% from 2024 to 2032, driven by the increasing frequency of natural disasters and the growing need for sophisticated management solutions.
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By application, Homeland Security Dominate the Market, While Transportation Systems Exhibit Rapid Growth
Homeland Security was the largest revenue-generating segment in 2023, contributing to around 35% of the market share. This is because of rising concerns over terrorism, border security, and cyber-attacks, with significant investments in advanced surveillance, threat detection, and intelligence-sharing systems.
The Transportation Systems segment, with a forecasted CAGR of 14.89%, is poised for growth due to the increasing demand for smart and secure transportation networks globally.
By deployment mode, On-Premises Dominates, While Cloud Deployment Sees Rapid Growth
In 2023, The On-Premises deployment mode currently dominates, primarily due to its robust control over sensitive data and systems, which is crucial for government agencies and large enterprises. This model offers greater security and customization for specific public safety needs.
The Cloud deployment mode is the fastest-growing segment. As organizations increasingly prioritize scalability, cost-effectiveness, and flexibility, cloud-based solutions are becoming more attractive.
By Region, North America Dominate the Market, While Asia Pacific Shows Fastest Growth
North America dominated the Public Safety and Security Market in 2023, capturing the highest revenue share of about 38%. This leadership is primarily led by significant investment by the government and private sectors in advanced security technologies. This region has well-developed infrastructure, high usage of cutting-edge solutions, and increased concerns regarding cybersecurity and terrorism that have prompted widespread deployment of advanced surveillance systems, emergency response tools, and intelligence-sharing platforms to ensure that this region maintains its market dominance.
Asia Pacific is expected to grow at the fastest CAGR of 15.53% from 2024 to 2032. This rapid growth is fueled by the region’s increasing urbanization, rising security concerns, and expanding investments in smart city initiatives.
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