Global Public Safety and Security Market Report and Forecast 2024-2032

Global Public Safety and Security Market Outlook

The global public safety and security market size reached approximately USD 492.19 billion in 2023. The market is projected to grow at a CAGR of 9.40% between 2024 and 2032, reaching a value of around USD 1104.81 billion by 2032.

Key Trends in the Market

Public safety and security encompass the strategies and actions undertaken by governments, organisations, and individuals to safeguard the welfare, defence, and harmony of communities and the public at large. It entails a diverse array of initiatives, including the implementation of strict regulations and deployment of advanced technologies, which are aimed at preempting and managing dangers, hazards, and vulnerabilities that could threaten the safety, lives, and assets of individuals.

• Technological advancements have played a pivotal role in driving the public safety and security market demand, enabling organisations and governments to strengthen their capabilities and respond effectively to emerging threats. Improved public safety measures are facilitated through the implementation of cutting-edge technologies such as facial recognition systems, anomaly detection, and behaviour analytics.

• In an increasingly data-driven world, issues related to data privacy and ethical considerations have become important. With the proactive steps taken by governments and organisations to address these concerns, the global public safety and security market growth is expected to surge. Stricter regulations on data protection are playing a crucial role in promoting the adoption of practices and technologies that prioritise privacy.

• The increasing civil unrest in certain countries has enhanced the need for public safety and security solutions. Moreover, the increasing adoption of robust measures to counter the threat of attacks targeting critical infrastructure projects is a major public safety and security market trend. These factors have spurred governments and organisations to prioritise the implementation of effective solutions to safeguard public well-being and protect vital infrastructure from potential risks and disruptions.

Market Analysis

Based on offering, the market is segmented into solution and service. The global public safety and security market segmentation, based on enterprise size, includes large enterprises and SMEs. The market, based on application, is divided into emergency communication and incident management, surveillance and security, and disaster management.

Based on industry vertical, the market is categorised into government and public sector, transportation system, emergency services, and infrastructure security, among others. The major regional markets for public safety and security are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global public safety and security market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Atos SE

• Cisco Systems, Inc.

• General Dynamics Mission Systems, Inc.

• Hexagon AB

• Honeywell International Inc

• NEC Corporation

• Thales Group

• Telefonaktiebolaget LM Ericsson

• Siemens AG

• Johnson Controls

• Others

Market Share by Industry Vertical

According to the public safety and security market analysis, the logistics and transportation systems sector is expected to show notable development during the forecast period. This can be attributed to the rising acceptance of advanced solutions for public security and safety in transportation and logistics applications.

The enhancement and modernisation of current infrastructure to efficiently manage and strengthen the security of transit systems are likely to significantly contribute to the public safety and security market growth. Moreover, the implementation of Intelligent Transportation Systems (ITS) as a component of smart city initiatives globally is poised to propel the advancement of this sector in the foreseeable future.

Market Share by Region

North America is expected to hold a significant portion of the global public safety and security market share. The market in the region is likely to experience substantial growth in the forecast period, primarily due to extensive government investments directed towards augmenting the current infrastructure for public safety and security. Additionally, governments in this region demonstrate a proactive stance by actively embracing emerging technologies for urban applications within their jurisdictions.

Competitive Landscape

Atos SE, a prominent global information technology services company, has established itself as a key player in the technology sector. With a strong focus on innovation and digital transformation, Atos offers a comprehensive range of services and solutions to cater to the evolving needs of its diverse clientele. The company's expertise spans various domains, including cloud computing, cybersecurity, artificial intelligence, data analytics, and IoT solutions.

Cisco Systems, Inc. is a renowned multinational technology conglomerate, headquartered in California, the United States. It has solidified its position as a prominent player in the global technology landscape. With the company’s establishment in 1984, Cisco has emerged as a trusted provider of networking and communication solutions.

General Dynamics Mission Systems, Inc. is a recognised leader in the advanced technology solutions sector. It is a business unit of the General Dynamics Corp., operating with a focus on defence and aerospace. Since its establishment in 1999, General Dynamics Mission Systems has invested significant resources in developing robust and comprehensive security solutions.

Other public safety and security market players include Hexagon AB, Honeywell International Inc, NEC Corporation, Thales Group, Telefonaktiebolaget LM Ericsson, Siemens AG, and Johnson Controls, among others.

Key Highlights of the Report