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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Public Safety Market Share
The development of intelligence mitigation plans by governments and security agencies to reduce the response time and damage caused by natural and man-made disasters to protect its citizens from cyber threats and terrorism is expected to drive the demand of public safety market. In addition, emergency situations, such as cybercrimes and terrorist attacks, resulted in massive public and private property losses, which is projected to further fuel the demand for public safety solutions. This is also prompting law enforcement agencies and governments to develop regulatory policies with a primary objective to protect the public and minimise the effects of calamities. As per public safety industry analysis, as corporates and tax payers are increasingly facing continuous natural and man-made disasters, cyber-attacks, and terrorism, the market for public safety is anticipated to witness rapid growth. Moreover, in the expeditiously evolving global security, governments are giving importance to advanced solutions to improve and strengthen the security systems and existing information technology infrastructure, which is expected to thus supporting the public safety demand growth.
Public Safety Market Report Snapshots
Public Safety Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global public safety market attained a value of nearly USD 30.54 billion in 2023.
The market is projected to grow at a CAGR of 27.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 280.15 billion by 2032.
The market is being driven by the growing adoption of the latest technologies and the increasing threats to human security.
Increasing risk of terrorism activities, cyberattacks, and the rising awareness regarding the importance of security are the key trends of the market.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading components of public safety in the market are software and services.
The major deployment modes of public safety are on premise and cloud.
The significant verticals in the market are law enforcement, medical, firefighting, and transportation, among others.
The key players in the global public safety market are Cisco Systems, Inc., Honeywell International Inc., Motorola Solutions, Inc., IBM Corporation, and Telefonaktiebolaget LM Ericsson, among others.
Issues related to data security and privacy and shortage of skilled professionals are hampering the market growth.
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