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Public Safety and Security Market Size, Share & Industry Analysis, By Component (Solution and Services), By Vertical (Homeland Security, Emergency Services, Critical Infrastructure Security, Transportation Systems, and Others) Regional Forecast, 2024-2032

Last Updated: July 01, 2024 | Format: PDF | Report ID: FBI106177

 

KEY MARKET INSIGHTS

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The global public safety and security market size was USD 394.40 billion in 2023. The market is projected to grow from USD 583.47 billion in 2024 to USD 1,197.49 billion in 2032, exhibiting a CAGR of 9.4% during the forecast period.


Public safety and security are vital for economic development and the community’s well-being. Improvements can only be witnessed when government embraces the infrastructure and technologies that allow intelligence departments to gather, understand, analyze, and detect activities in real-time. Using smart technologies such as the internet of things (IoT), artificial intelligence, network devices, and technologies enables communities to protect critical infrastructure, improve public safety, and positively affect residents’ lives.


Governments of developed and developing countries combine hardware, software, location services, sensors, and the internet to improve local services' efficiency and increase livability in urban areas. Existing city infrastructure typically comprises a network of closed-circuit surveillance cameras and video that cover public areas. Installing and upgrading newer digital surveillance significantly enhances an entity’s ability to prevent crime, improve public safety and security. For instance,



  • San Diego, a city in California, has incorporated smart streetlight technology with its video management system to positively safeguard the lives of its citizens. The data collected by the smart streetlights help law enforcement departments to collect evidence for fatal or near-fatal car collisions and any violent crime investigations.


The COVID-19 pandemic is an unprecedented crisis that has made cities and state governments worldwide face severe challenges in keeping their city safe. The measures taken by the government (lockdown, restriction of movement, and others) to control the spread of the virus are exceptional and have enforced law enforcement bodies to adapt their systems, resource management and surveillance methods to tackle the situation. Many companies have developed new security devices to support security professionals in their work in these crucial times. For instance,


However, the pandemic has severely impacted most government sectors, thereby limiting the budgets for defense and homeland security and slowing down the commercial aviation market. In 2020, the pandemic's uncertainty was primarily linked to lockdowns in almost all countries, causing disruptions in the supply chain and affecting civilian operations' market conditions.


In the long term, the public safety and security industry is anticipated to show progressive growth. The nature of military and homeland security requirements, such as low-intensity conflicts and terrorist activities, will increase demand for technological solutions that incorporate robotics, automation, Big Data analytics, artificial intelligence, and information assurance. Also, the demand for C4ISR systems, network-centric information systems, cyber-defense systems, border and perimeter security systems, intelligence gathering systems, unmanned aircraft systems, precision munitions, remote controlled systems, protection systems, and other homeland security solutions is expected to rise with increasing government budget.


Public Safety and Security Market Trends


Growing Smart City Projects to Drive Demand for Public Safety and Security Solutions


Along with the growing economic, political and cultural activities, crime and threats such as trafficking, terrorism, industrial accidents, and natural disasters are also growing rapidly. Ensuring citizens’ safety, improving quality of life and city attractiveness for tourists and businesses are the primary tasks of urban authorities. Therefore, smart city projects are being deployed in many parts of the world to safeguard citizens' lives with advanced devices.


Smart cities help in reducing crime and assist departmental officers in responding to emergencies quicker than usual. For instance, Oakland, a city in the United States, installed a gunfire locator with microphones across the city which allowed the nearest patrol car to get there quickly. Similarly, Mexico has set the bar with its cloud-based security initiative. Since the past three years, the city has deployed 58,000 new cameras for video surveillance on public transport for public safety and security. Through this installation, the city aims at reducing crimes drastically. Such devices can monitor public places and infrastructure, thereby enhancing citizens’ experiences.


Thus, smart cities projects are gaining popularity to counter potential terrorist strikes, combat crime, and create safer environments for people.


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Public Safety and Security Market Growth Factors


Digital Transformation in Security Operations to Propel Market Growth


Increasing digitization, connectivity and data fuel digital transformation. This transformation occurs across industries to create new services, improve operational efficiencies and enhance customer satisfaction. It drastically changes how security organizations operate and increases public safety and security provision as digital transformation has digitized security operations due to a more networked and data-led approach. For instance,



  • The development of 5G and public safety 4G LTE networks will effortlessly enable data flow from the public to control rooms and first responders. Thus, more information on the ground allows quick access to police databases, allowing quick and better decision-making.

  • Likewise, the video security and analytics solutions by Motorola Company are at the forefront of smart video solutions that allow public safety agencies to verify, detect, and act on critical events.

  • Similarly, Avigilon Appearance Search technology allows law enforcement personnel and security operators to comb through huge amounts of recorded video to swiftly locate a specific vehicle or person of interest.


Thus, digital transformation in security operations is fueling market growth.


RESTRAINING FACTOR


Cyber Risk and Law Enforcement Liability Might Hamper Market Growth


Although smart technologies offer captivating advantages to law enforcement and other security departments, some challenges exist for which public entities must also be prepared for potential risks. For instance,



  • Cyber Risks – If sensitive data gets leaked or is not properly secured, the citizen or the public entity might experience significant financial loss, reputational damage and business disruption.

  • Law Enforcement Liability – Cities or states might find themselves liable for damage if smart technologies are used wrongfully while conducting law enforcement operations or activities.


Apart from this, limited budgets, aging or missing infrastructure, data storage and retention, and ongoing maintenance are considerations that must be weighed. Also, protecting citizen rights and identities is a significant concern in public safety and security activities.


Public Safety and Security Market Segmentation Analysis


By Component Analysis


Surge in Deployment of Cameras and Video Devices to Increase Sale of Surveillance Systems


On the basis of components, the market has been segmented into solutions and services. The solution segment is categorized into critical communication network, cybersecurity, emergency and disaster management, C2/C4ISR system, surveillance system, scanning and screening system, biometric security and authentication system, public address and general alarm systems, and backup and recovery system.


The surveillance systems capture the maximum market share due to the growing deployment of cameras and video surveillance systems for public safety. Surveillance systems play an important role in public safety and security by offering real-time monitoring, threat detection, and evidence collection. Surveillance cameras deployed on streets, parks, and transportation hubs act as a deterrent to criminal activity. The presence of cameras can discourage individuals from engaging in illegal behavior. In addition, surveillance systems equipped with video analytics can automatically detect suspicious activities. Security personnel can then respond swiftly to mitigate potential threats.


Emergency and disaster management is anticipated to show the highest growth during the forecast period. Growing natural or man-made disasters such as earthquakes, hurricanes, cyclones, typhoons, or tsunamis encourages safety departments to deploy emergency and disaster management solutions. It provides access to the information required during an emergency, such as safety information, protocols, manuals, and emergency contacts.


By Vertical Analysis


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Adoption of Technologically Advanced Solutions to Improve Security of Transit Systems Set to Boost Demand for Transportation System


Based on the vertical, the market has been segmented into homeland security, emergency services, critical infrastructure security, transportation systems and others (public places, stadiums, and commercial offices).


Among these, the homeland security segment holds the largest public safety and security market share due to the continuous efforts by every country’s government to improve their national safety and security. As threats to national security, such as terrorism, cyberattacks, organized crime, and natural disasters, evolve, there is a growing need for effective homeland security measures to detect, prevent, and respond to these threats. Rapid advancements in technology are being leveraged to enhance the capabilities of homeland security agencies in areas such as threat detection, border security, cybersecurity, and disaster management.


The transportation system is anticipated to show the highest CAGR in the coming years. The growth is attributed to the adoption of technologically advanced public security and safety solutions to manage and improve the security of transit systems. For instance, a surge in the deployment of intelligent transportation systems under smart city initiatives is likely to drive the growth of transportation systems over the forecast period.


REGIONAL INSIGHTS


Geographically, the market is segmented into five regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. These regions are further fragmented into countries.


North America Public Safety and Security Market Size, 2023 (USD Billion)

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North America is anticipated as a dominant region in the global market owing to recurring government investments to improve the existing security infrastructure to tackle illegal immigration and terrorism. Also, U.S. and Canada are homes to several security and safety solutions providers such as General Dynamics and Cisco Systems, Inc.


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Asia Pacific is likely to be the fastest-growing region in the near future. Increasing crime rates, rapid urbanization, cross-border terrorism, and illegal immigration are expected to be the key factors fueling the Asia pacific public safety and security market growth. Moreover, the growing number of smart city projects in this region is anticipated to boost the market growth.


Europe accounts for a significant market share due to rising investment by governments in improving their communication and surveillance systems for safety and security purposes.


Furthermore, the Middle East, Africa, and South America invest in high-end solutions for building connected cities to attract business and commerce.


List of Key Companies in Public Safety and Security Market


Continuous Developments is Key Strategy to Strengthen Company’s Position


The key players in the market strive to offer advanced safety and security solutions to the government to improve their capabilities to effectively cope with emergencies. Companies are also investing in research and development activities to develop cutting-edge technology systems.



  • March 2021 – Kroll acquired Redscan, a cyber-security services provider, to expand its Kroll Responder capabilities to support a broader array of on-premises and cloud telemetry sources.


List of Key Companies Profiled:



KEY INDUSTRY DEVELOPMENTS:



  • January 2024 – Axon Enterprise, Inc. announced the launch of new body cameras developed to protect frontline staffers in retail stores and healthcare facilities. These body cameras are lightweight, customizable, and integrated with Axon's real-time operations and evidence management technology.

  • January 2024 – Mitiga Security Inc. announced a partnership with Kroll, LLC, to deliver advanced on-premises and cloud incident response solution.

  • July 2023 –  The National Disaster Management Authority of India (NDMA) announced the launch of a cell broadcast system for delivering messages or alerts on smartphones in case of disaster. 

  • April 2021 – Elbit Systems Ltd. acquired BAE Systems Rokar International Ltd. to integrate Rokar’s technology and system to enhance Elbit’s capabilities in networked precision fire solutions areas.

  • March 2021 – Elbit Systems Deutschland was selected by the German Federal Ministry to supply Night Vision Goggles to the German Police.


REPORT COVERAGE


An Infographic Representation of Public Safety and Security Market

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The global public safety and security market research report highlights leading regions across the world to offer a better understanding of the user. Furthermore, it provides insights into the latest industry and market trends and analyzes technologies deployed at a rapid pace at the global level. It further highlights some of the growth-stimulating factors and restraints, helping the reader gain in-depth knowledge about the market.


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REPORT SCOPE & SEGMENTATION










































ATTRIBUTE



DETAILS



Study Period



2019-2032



Base Year



2023



Estimated Year



2024



Forecast Period



2024-2032



Historical Period



2019-2022



Growth Rate



CAGR of 9.4% from 2024 to 2032



Unit



Value (USD billion)



Segmentation



By Component



  • Solution

    • Critical Communication Network 

    • Cybersecurity 

    • Emergency and Disaster Management 

    • C2/C4ISR System 

    • Surveillance System

    • Scanning and Screening System 

    • Biometric Security and Authentication System 

    • Public Address and General Alarm Systems

    • Backup and Recovery System



  • Services

    • Professional

      • Training, Certification and Consulting

      • Design, Installation and Integration

      • Support and Maintenance



    • Managed

      • Managed Security Services

      • Managed Network Services

      • Virtual Contact Center Services






By Vertical



  • Homeland Security

  • Emergency Services

  • Critical Infrastructure Security

  • Transportation Systems

  • Others (Public Places, Stadiums, and Commercial Offices)


 By Region



  • North America (By Component, By Vertical, and By Country)

    • U.S. (By Vertical)

    • Canada (By Vertical)

    • Mexico (By Vertical



  • South America (By Component, By Vertical, and By Country)

    • Brazil (By Vertical)

    • Argentina (By Vertical)

    • Rest of Latin America



  • Europe (By Component, By Vertical, and By Country)

    • U.K. (By Vertical)

    • Germany (By Vertical)

    • France (By Vertical)

    • Italy (By Vertical)

    • Spain (By Vertical)

    • Russia (By Vertical)

    • Benelux (By Vertical)

    • Nordics (By Vertical)

    • Rest of Europe



  • Middle East & Africa (By Component, By Vertical, and By Country)

    • Turkey (By Vertical)

    • Israel (By Vertical)

    • GCC (By Vertical)

    • North Africa (By Vertical)

    • South Africa (By Vertical)

    • Rest of the Middle East & Africa



  • Asia Pacific (By Component, By Vertical, and By Country)


    • China (By Vertical)

    • Japan (By Vertical)

    • India (By Vertical)

    • South Korea (By Vertical)

    • ASEAN (By Vertical)

    • Oceania (By Vertical)

    • Rest of Asia Pacific







Frequently Asked Questions

According to Fortune Business Insights, the global market is projected to reach USD 1,197.49 billion by 2032.

In 2023, the market was valued at USD 394.40 billion.

The market is projected to grow at a CAGR of 9.4% during the forecast period.

The professional services lead the services segment.

Digital transformation in security operations to drive market growth

Kroll, LLC, Cisco System, Hexagon AB, SAAB, Alcatel-Lucent Enterprise, Atos, BAE Systems, Elbit Systems, and others are the top players.

North America has the highest market share.

Emergency and disaster management to witness higher adoption rate in coming years.

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