Public Safety And Security Market
Public Safety and Security Market Forecasts to 2028 – Global Analysis By Type (Hardware, Services), Software Type Crime Intelligence and Crime Analysis, Investigation Management, Locations Management Solutions), Deployment Mode Cloud, On- Premises) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $400.23 BN |
|
Projected Year Value (2028) |
US $901.52 BN |
|
CAGR (2021 - 2028) |
12.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Public Safety and Security Market is accounted for $400.23 billion in 2021 and is expected to reach $901.52 billion by 2028 growing at a CAGR of 12.3% during the forecast period. Public safety and security is a service of the government by which it safeguards that its organizations, people, and institutions, are protected from threats and kept safe. Government bodies such as law enforcement, fire services, ambulance & emergency medical services, and police are playing a major role in public safety and security. Public safety and security are the crucial parameters that regulate the actual quality of life of the residents of a particular region and ensure their welfare and solace. The public safety and security solutions offer numerous benefits for their customers including secure mobility, cyber security, rapid application development, and accessibility.
Market Dynamics:
Driver:
Digital Revolution in Security Transformation
Growing digitization, connectivity, and data fuel digital transformation. This alteration happens across industries to generate improved operational efficiencies, new services, and improved 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.
Restraint:
Risk and Limited Budget
Although smart technologies deliver 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, mCyber 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. Apart from this, limited budgets, aging or missing infrastructure, data storage and retention, and ongoing maintenance are considerations that must be weighed.
Opportunity:
Rise of Big Data Analytics
The pace of technological innovation is accelerating year over year. Connected devices generate enormous amounts of information that can provide actionable insights to protect critical infrastructure from attacks. Data analytics is the process of analyzing historical data to gain valuable insights. Big data analytics involves analyzing huge amounts of structured or unstructured data. Such data generated from various security devices are first cleaned and managed so that it supports pattern recognition and anomaly identification; this can help public safety organizations and security officers understand the suspect in a crime and easily prevent further crimes. Advanced big data analytics capabilities are now integrated with various CCTV surveillance systems to improve crime response times.
Threat:
Lack of Efficient Storage and Data Management Capacities
Public safety and law enforcement agencies incorporate various digital solutions, such as high-quality video surveillance, body-worn cameras, and in-car cameras to provide reliable evidence against criminals. However, while body-worn cameras provide various public safety benefits, they also create public safety challenges, such as data security.
Services segment is expected to be the largest during the forecast period
The Market has been segmented into managed services and professional services based on services. The managed services segment has been further segmented into Managed Security Services (MSS) and managed network services. The professional services segment has been segmented into design and consulting, installation and integration, support and maintenance, and training and education. Service providers offer these components to end users as a combined package of solutions and associated services or individually. The public safety services sector constantly looks for new and better ways to protect cities, infrastructure, businesses, and citizens.
The Homeland Security segment is expected to have the highest CAGR during the forecast period
The homeland security segment dominated the market, owing to the increasing number of government initiatives to improve safety and security. For instance, the National Infrastructure Protection Plan (NIPP) in the U.S. is a formal directive issued by the U.S. Department of Homeland Security (DHS) to combine Critical Infrastructure and Key Resource (CIKR) protection efforts in the U.S. The NIPP outlines the government and private sector participation in protecting the CIKR assets and locations across 16 sectors. The implementation of NIPP is expected to drive the deployment of public safety and security solutions to manage risks.
Region with highest share:
The Asia Pacific is projected to hold the highest market share, due to rising crime proportions; prompt urbanization, cross-border violence, and illegitimate migration are the prominent factors powering the growth of the Asia Pacific market. Moreover, the ever-growing threat landscape. India, Japan, and Singapore have updated or launched new national cybersecurity policies to deal with the increasingly sophisticated threats. Organizations in the Asia Pacific region are expected to spend large amounts of money to deal with cybersecurity breaches. The Asia Pacific region is witnessing a surge in smart city projects, creating a greater demand for public safety and security technologies such as surveillance systems, scanning and screening systems, and critical communication networks. The Indian government focuses on infrastructure development and enhancing the security systems at airports, ports, and refineries.
Region with highest CAGR:
North America is projected to have the highest CAGR, owing to recurrent government funds to progress the security infrastructure to confront and solve unlawful migration and violence. High government investment in improving the existing public safety and security infrastructure to tackle terrorism and illegal immigration is anticipated to drive market growth over the forecast period. North America is also home to several leading public safety and security solutions providers such as General Dynamics; Harris Corporation; and Cisco Systems, Inc.
Key players in the market:
Some of the key players profiled in the Public Safety and Security Market include Cisco Systems, General Dynamics, Harris, Huawei, IBM, NEC, Hexagon, MotoRoLA Solutions, Ericsson, ESRI, Elbit Systems Ltd, Kroll Inc.
Key developments:
In 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.
In June 2021: Cisco acquired Kenna Security, Inc. to resolve security challenges with Kenna’s risk-based vulnerability management platform. Cisco would be integrating Kenna’s security risk-management technology into Cisco's Secure X platform.
In March 2021: Elbit Systems Ltd. signed a contract with Korea Aerospace Industries Ltd. (KAI) to enlarge backing in the field of Unmanned Aircraft Systems (UAS)..
Types Covered:
• Hardware
• Services
• Managed Services
• Professional Service
Software Types Covered:
• Crime Intelligence and Crime Analysis
• Investigation Management
• Locations Management Solutions
• Record Management Software
Deployment Modes Covered:
• Cloud
• On-Premises
Solutions Covered:
• Backup and Recovery System
• Biometric Security and Authentication System
• C2/C4ISR Networks
• Critical Communication Network
• Cybersecurity
• Emergency and Disaster Management
• Public Address and General Alarm
• Scanning and Screening System
• Surveillance System
End Users Covered:
• Homeland Security
• Manufacturing
• Emergency Services
• Other End User
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Public Safety and Security Market, By Type
5.1 Introduction
5.2 Hardware
5.3 Services
5.3.1 Managed Services
5.3.1.1 Managed Network Services
5.3.1.2 Managed Security Services
5.3.2 Professional Service
5.3.2.1 Design and Consulting
5.3.2.2 Installation and Integration
5.3.2.3 Support and Maintenance
5.3.2.4 Training and Education Managed services
6 Global Public Safety and Security Market, By Software Type
6.1 Introduction
6.2 Crime Intelligence and Crime Analysis
6.3 Investigation Management
6.4 Locations Management Solutions
6.5 Record Management Software
7 Global Public Safety and Security Market, By Deployment Mode
7.1 Introduction
7.2 Cloud
7.3 On-Premises
8 Global Public Safety and Security Market, By Solution
8.1 Introduction
8.2 Backup and Recovery System
8.3 Biometric Security and Authentication System
8.4 C2/C4ISR Networks
8.5 Critical Communication Network
8.6 Cybersecurity
8.7 Emergency and Disaster Management
8.8 Public Address and General Alarm
8.9 Scanning and Screening System
8.10 Surveillance System
9 Global Public Safety and Security Market, By End User
9.1 Introduction
9.2 Homeland Security
9.2.1 Border Control
9.2.2 Critical Infrastructure Security
9.2.3 Law Enforcement and Intelligence Agencies
9.2.4 Public Transportation Security
9.3 Manufacturing
9.3.1 Automotive and Logistics
9.3.2 Energy and Chemicals
9.4 Emergency Services
9.4.1 Firefighting Services
9.4.2 Disaster Management
9.4.3 Medical Services
9.5 Other End User
9.5.1 Public Places
9.5.2 Stadium
9.5.3 Commercial Offices
10 Global Public Safety and Security Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Cisco Systems
12.2 General Dynamics
12.3 Harris
12.4 Huawei
12.5 IBM
12.6 NEC
12.7 Hexagon
12.8 MotoRoLA Solutions
12.9 Ericsson
12.10 ESRI
12.11 Elbit Systems Ltd
12.11 Kroll Inc
List of Tables
1 Global Public Safety and Security Market Outlook, By Region (2020-2028) (US $MN)
2 Global Public Safety and Security Market Outlook, By Type (2020-2028) (US $MN)
3 Global Public Safety and Security Market Outlook, By Hardware (2020-2028) (US $MN)
4 Global Public Safety and Security Market Outlook, By Services (2020-2028) (US $MN)
5 Global Public Safety and Security Market Outlook, By Managed Services (2020-2028) (US $MN)
6 Global Public Safety and Security Market Outlook, By Professional Service (2020-2028) (US $MN)
7 Global Public Safety and Security Market Outlook, By Software Type (2020-2028) (US $MN)
8 Global Public Safety and Security Market Outlook, By Crime Intelligence and Crime Analysis (2020-2028) (US $MN)
9 Global Public Safety and Security Market Outlook, By Investigation Management (2020-2028) (US $MN)
10 Global Public Safety and Security Market Outlook, By Locations Management Solutions (2020-2028) (US $MN)
11 Global Public Safety and Security Market Outlook, By Record Management Software (2020-2028) (US $MN)
12 Global Public Safety and Security Market Outlook, By Deployment Mode (2020-2028) (US $MN)
13 Global Public Safety and Security Market Outlook, By Cloud (2020-2028) (US $MN)
14 Global Public Safety and Security Market Outlook, By On-Premises (2020-2028) (US $MN)
15 Global Public Safety and Security Market Outlook, By Solution (2020-2028) (US $MN)
16 Global Public Safety and Security Market Outlook, By Backup and Recovery System (2020-2028) (US $MN)
17 Global Public Safety and Security Market Outlook, By Biometric Security and Authentication System (2020-2028) (US $MN)
18 Global Public Safety and Security Market Outlook, By C2/C4ISR Networks (2020-2028) (US $MN)
19 Global Public Safety and Security Market Outlook, By Critical Communication Network (2020-2028) (US $MN)
20 Global Public Safety and Security Market Outlook, By Cybersecurity (2020-2028) (US $MN)
21 Global Public Safety and Security Market Outlook, By Emergency and Disaster Management (2020-2028) (US $MN)
22 Global Public Safety and Security Market Outlook, By Public Address and General Alarm (2020-2028) (US $MN)
23 Global Public Safety and Security Market Outlook, By Scanning and Screening System (2020-2028) (US $MN)
24 Global Public Safety and Security Market Outlook, By Surveillance System (2020-2028) (US $MN)
25 Global Public Safety and Security Market Outlook, By End User (2020-2028) (US $MN)
26 Global Public Safety and Security Market Outlook, By Homeland Security (2020-2028) (US $MN)
27 Global Public Safety and Security Market Outlook, By Border Control (2020-2028) (US $MN)
28 Global Public Safety and Security Market Outlook, By Critical Infrastructure Security (2020-2028) (US $MN)
29 Global Public Safety and Security Market Outlook, By Law Enforcement and Intelligence Agencies (2020-2028) (US $MN)
30 Global Public Safety and Security Market Outlook, By Public Transportation Security (2020-2028) (US $MN)
31 Global Public Safety and Security Market Outlook, By Manufacturing (2020-2028) (US $MN)
32 Global Public Safety and Security Market Outlook, By Automotive and Logistics (2020-2028) (US $MN)
33 Global Public Safety and Security Market Outlook, By Energy and Chemicals (2020-2028) (US $MN)
34 Global Public Safety and Security Market Outlook, By Emergency Services (2020-2028) (US $MN)
35 Global Public Safety and Security Market Outlook, By Firefighting Services (2020-2028) (US $MN)
36 Global Public Safety and Security Market Outlook, By Disaster Management (2020-2028) (US $MN)
37 Global Public Safety and Security Market Outlook, By Medical Services (2020-2028) (US $MN)
38 Global Public Safety and Security Market Outlook, By Other End User (2020-2028) (US $MN)
39 Global Public Safety and Security Market Outlook, By Public Places (2020-2028) (US $MN)
40 Global Public Safety and Security Market Outlook, By Stadium (2020-2028) (US $MN)
41 Global Public Safety and Security Market Outlook, By Commercial Offices (2020-2028) (US $MN)
Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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