Public Safety Analytics Market Analysis

Public Safety Analytics Market Overview

The Public Safety Analytics Market is projected to grow from USD 8.29 billion in 2024 to USD 24.30 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.38% during the forecast period (2024 - 2032). Additionally, the market size for Public Safety Analytics was valued at USD 7.11 billion in 2023.

Global intelligence organizations are expanding their defense expenditures and implementing cutting-edge technologies to enhance situational awareness in military and law enforcement security due to the escalating geopolitical tensions between nations. This is one of the main reasons why public safety analytics are so in demand since they offer real-time and historical data to monitor ongoing occurrences, coordinate resources, and provide governance and oversight are the key market drivers enhancing market growth.

Public Safety Analytics Market Trends

Market CAGR is driven by government mandate towards reducing response time & damage caused by natural & man-made disasters. The need for public safety analytics is increasing due to government initiatives to minimize reaction times and damage from natural and man-made catastrophes. A rising number of crime prevention solutions utilize deep neural networks and are cloud-connected. Consequently, law enforcement can map criminal and terrorist networks, use face recognition software, scan license plates more quickly, and identify suspicious anomalies. The Federal Emergency Management Agency's Disaster Relief Fund will receive $50 billion under the American Rescue Plan Act of 2021 to help state, municipal, tribal, and territory governments respond to and recover from significant disasters or crises. Integrating IoT-enabled analytics, devices, and networks will hasten wise decision-making during a natural catastrophe and speed up total reaction times.

Furthermore, The market for public safety analytics is expanding faster due to the increasing usage of artificial intelligence and machine learning by law enforcement organizations to make wise policy judgments. AI is employed in surveillance, crowd-spotting, criminal activity analysis, and facial recognition to increase accuracy and detect abnormalities. It is anticipated that using artificial intelligence in the police would alter the existing level of social certainty.

For instance, according to a survey by Analytics Insights in 2022, roughly 56% of respondents believed that AI cops should be given a chance over the regular police force in India, 29.2% thought they should, and the remaining 14.6% thought they shouldn't. It demonstrates how the public will adopt AI technology to raise safety standards and enhance communication between the public and the police. These reasons promote the usage of electronic receipts, which will increase the market size for public safety analytics. Thus, driving the public safety analytics market revenue.

Public Safety Analytics Market Segment Insights

Public Safety Analytics Component Insights

The global public safety analytics market segmentation, based on components, includes solutions and services. Public safety analytics solutions typically consist of software platforms and applications that use data analytics, artificial intelligence, and machine learning techniques to analyze various data sources, such as video feeds, social media, sensor data, and emergency call data, to support law enforcement, emergency response teams, and other public safety agencies in their operations and decision-making processes.

On the other hand, services in the public safety analytics market may include consulting, implementation, integration, training, and support services offered by vendors to assist their customers in adopting and using the analytics solutions effectively.

Public Safety Analytics Analytical Type Insights

Based on analytical type, the global public safety analytics market segment includes predictive, prescriptive, and descriptive. The predictive segment in the market for public safety analytics is anticipated to grow at the fastest rate during the forecast period as a result of factors such as the rising adoption of machine learning and deep learning technologies across a variety of industries, the rising use of predictive analytics in armed forces, the growing vulnerability to cyberattacks, and other similar factors. Researchers from the University of Chicago stated in 2022 that an AI algorithm could anticipate upcoming crimes with a week's notice and roughly 90% accuracy. Additionally, it noted that while fewer arrests were made in the city's less fortunate regions due to crime, more were made there. It was estimated using arrest data from regions with different socioeconomic levels.

Public Safety Analytics Deployment Type Insights

Based on deployment type, the global public safety analytics market segmentation includes on-premises and cloud. Cloud category offer greater scalability and flexibility than traditional on-premises deployments. Public safety agencies can easily scale up or down their computing resources based on their needs, ensuring efficient utilization of resources. Cloud solutions typically follow a subscription-based pricing model, allowing organizations to pay for the resources they use. This can be more cost-effective for many public safety agencies, especially smaller ones, as it reduces the upfront capital expenses associated with on-premises infrastructure.

Public Safety Analytics Application Insights

Based on application, the global public safety analytics market segmentation includes pattern recognition, incident detection, person of interest screening, and surveillance. It is anticipated that the person of interest screening segment will propel market expansion. The person of interest screening tool aids law enforcement and government organizations in finding the offender in criminal investigations. This application is used in various public facilities, including airports, railway stations, and institutional and governmental buildings.

Figure 2: Global Public Safety Analytics Market, by Service, 2022 & 2032 (USD Billion)

Public Safety Analytics Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. North America is anticipated to increase its revenue share the most during the projected period. North America will have the highest portion of the market. The dominance can be linked to regional public safety solution providers, which supply regional public safety solutions to various regional public safety agencies.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: GLOBAL PUBLIC SAFETY ANALYTICS MARKET SHARE BY REGION 2022 (USD Billion)

Europe's public safety analytics market accounts for the second-largest market share due to factors with the rise in security threats, including terrorism, cybercrime, and public safety incidents, European governments and public safety agencies have been actively seeking advanced analytics solutions to enhance their situational awareness, improve response times, and better allocate resources. Further, the German public safety analytics market held the largest market share, and the UK public safety analytics market was the fastest-growing market in the European region.

The Asia-Pacific Public Safety Analytics Market is expected to grow at the fastest CAGR from 2023 to 2032. The fastest-growing regional market is anticipated to be in the Asia-Pacific area. The major reasons influencing the deployment of public safety and security solutions in the Asia Pacific area are rapid urbanization, rising crime rates, illegal immigration, and cross-border terrorism. As a result, the area's governments are investing in upgrading their monitoring and communication networks. Moreover, China’s public safety analytics market held the largest market share, and the Indian public safety analytics market was the fastest-growing market in the Asia-Pacific region.

Public Safety Analytics Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the public safety analytics market, grow even more. Market participants are also engaging in various strategic measures to grow their businesses, and global footprint, with important market developments including contractual agreements, new product launches, mergers and acquisitions, higher investments, and collaboration with other organizations. The public safety analytics industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the public safety analytics industry to benefit clients and increase the market sector. In recent years, the public safety analytics industry has offered some of the most significant advantages to medicine. Major players in the public safety analytics market, including Hexagon, IBM, Cisco, NEC, SAP, Esri, SAS, Nice Systems, Splunk, Virent Systems, Hitachi Vantara, and Haystax, are attempting to increase market demand by investing in research and development operations.

Cisco offers a range of video surveillance solutions that enable capturing, analyzing, and managing video data from various sources, including IP cameras and video analytics tools. These solutions help in real-time monitoring, incident detection, and investigation. For instance, in June 2022, A worldwide, cloud-delivered, integrated platform was introduced by Cisco to ensure security resilience in a future of hybrid multi-cloud computing. Using analytical techniques, it will link and defend businesses of all sizes from possible cyberattacks. The Security Cloud will provide a single experience for securely connecting people, devices, apps, and data everywhere.

Motorola's CommandCentral Analytics platform is designed to help public safety agencies make sense of large volumes of data and turn it into actionable insights. It provides advanced analytics capabilities to help agencies identify patterns, trends, and anomalies, facilitating smarter resource allocation and improved response times. For instance, in April 2022, A public safety cyber threat information sharing and analysis organization (ISAO) has been established by Motorola Solutions. The Cybersecurity and Infrastructure Security Agency (CISA) has recognized the Public Safety Threat Alliance ISAO. It focuses on Motorola's everlasting dedication to public safety agencies and the communities they serve.

Key Companies in the public safety analytics market include

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  Hexagon

  
  


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  IBM

  
  


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  Cisco

  
  


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  NEC

  
  


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  SAP

  
  


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  Esri

  
  


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  SAS

  
  


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  Nice Systems

  
  


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  Splunk

  
  


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  Virent Systems

  
  


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  Hitachi Vantara

  
  


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  Haystax

  
  

Public Safety Analytics Industry Developments

October 2022: Oracle Public Safety Services was introduced to provide emergency response workers with situational awareness and real-time data to assist decision-making. The platform will include touch-talk-listen tablet applications for vehicle communication and coordination, cloud-based law enforcement records and jail management systems, a computer-aided dispatch command center for emergency call management and dispatch, wearable computer communications and camera systems for officers, real-time video communication tools, and wearable computer communications and camera systems for firefighters.

Public Safety Analytics Market Segmentation

Public Safety Analytics Component Outlook

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  Solution

  
  


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  Services

  
  

Public Safety Analytics Analytics Type Outlook

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  Predictive

  
  


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  Prescriptive

  
  


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  Descriptive

  
  

Public Safety Analytics Deployment Type Outlook

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  On-Premise

  
  


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  Cloud

  
  

Public Safety Analytics Application Outlook

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  Pattern Recognition

  
  


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  Incident Detection

  
  


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  Person of Interest Screening

  
  


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  Surveillance

  
  

Public Safety Analytics Regional Outlook