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Public Safety and Security Market Research Report - Segmentation By Component (Software, Services), Solution (Critical Communication Network, Surveillance System, Emergency, Biometric & Authentication System & Disaster Management, Cyber Security), Vertical (Homeland Security, Critical Infrastructure Security, Emergency Services, Transportation System, and Others), and Region - Industry Forecast 2022–2027

Published: May, 2022
ID: 13107
Pages: 150

Public Safety and Security Market Size (2022 – 2027)

The Public Safety and Security Market was worth US$ 365.0 billion in 2021 and is projected to reach the valuation of US$ 912.19 billion by 2027 and is predicted to register a CAGR of 13.25% from 2022-to 2027.

The government's Public Security and Safety Service guarantees that its citizens, institutions, and organisations are safe and secure against threats. Customers benefit from features like rapid application development, cybersecurity, accessibility, and secure mobility provided by the public safety and security system.

With the increasing number of criminal activities, infrastructure attacks, natural disasters, and cross-border terrorism, authentication and monitoring systems are becoming more important. Due to the increase in demand, more predictive data-controlled security measures, such as the installation of a public safety communication infrastructure, are required. These factors influence the public health and safety market. The market for public safety and security is constrained by reasons such as the high cost of infrastructure and the lack of technical manpower.

Specialized agencies from various departments, such as EMS, police, and other civil organisations, are normally in charge of public safety, which refers to the protection of public and essential infrastructure. Because of the growing number of security concerns, it is more important than ever for public safety authorities to communicate and share information about potential threats in order to develop a preventive strategy to assure maximum safety.

MARKET GROWTH

Rising terrorist activities and security, the need for security training and awareness, and increasing law enforcement requirements for public safety amid COVID-19 are the primary drivers driving the Public Safety and Security market. Additionally, the growing trend of IoT in public safety will aid the vendor in growing the public safety and security market over the projected period.

MARKET DRIVERS

Concerns about the safety and security of assets, processes and people have grown due to the increase in crime rates and terrorist activities. These rising attacks have resulted in the deaths of several people and major infrastructure damage, emphasising the necessity for public safety and security solutions. Terrorist operations have been on the rise around the world, according to the US Department of State. Organized crime's rise has presented a serious danger to national and international security. Criminal networks are expanding and broadening their operations, resulting in a convergence of dangers to public safety, public health, and democratic institutions, as well as an impact on global economic stability.

MARKET RESTRAINTS

Governments all throughout the world prioritise ensuring public safety and security. A large number of physical components, as well as software solutions, are used in public safety and security systems. Critical communication networks, surveillance systems, biometric security and authentication systems, scanning and screening systems, and emergency and disaster management systems all cost a lot of money for governments. Small security expenditures (38 per cent) are one of the top five security issues for safeguarding public safety internationally, according to the F5 State of Application Delivery report 2020. To ensure that public safety and security solutions remain dependable at all times, effective and frequent maintenance is required. Maintenance costs account for roughly 40% of the total cost of ownership for public safety technologies (TCO). While government officials and law enforcement agencies work to ensure the safety, health, and welfare of the people, high-level public safety facilities are not cheap.

Market Segmentation

Global Public Safety and Security Market - By Component:

  • Solutions
  • Services

The solutions and services required to protect the public and public infrastructure make up the component segment. End users can buy these components individually or as a package of solutions and services from service providers. The public safety sector is always looking for new and better ways to safeguard cities, infrastructure, businesses, and residents. Based on services, the public safety and security sector has been divided into managed services and professional services. Managed security services and managed network services have been included to the managed services sector. Design and consulting, support and maintenance, installation and integrationand training and education make up the professional services section.

Global Public Safety and Security Market - By Solution:

  • Critical Communication Network
  • Biometric
  • Authentication System
  • Surveillance System
  • Emergency & Disaster Management
  • Cyber Security

Critical Communication networks, Cyber Security, Biometric Security and Authentication systems, Emergency and Disaster Management, Backup and Recovery Systems, Scanning and Screening System, Surveillance systems, C2/C4ISR systems, and Public Address and General Alarm are the different types of solutions available. During the projected period, critical communication networks are expected to hold a considerable market share, while surveillance systems are expected to have the greatest CAGR.

Global Public Safety and Security Market - By Vertical:

  • Homeland Security
  • Emergency Services
  • Critical Infrastructure security
  • Transportation system
  • Others

Homeland security has the greatest public safety and security market share among the vertical categories, owing to every country's government's ongoing attempt to promote national safety and security.

In the following years, the transportation system is expected to have the highest CAGR. The implementation of technologically advanced public security and safety technologies to manage and improve the security of transit networks is credited with the increase. For example, over the projected period, a spike in the deployment of intelligent transportation systems as part of smart city projects is likely to boost the expansion of transportation systems.

Global Public Safety and Security Market – By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Due to the ever-rising threat scenario, Asia Pacific governments are very concerned about boosting security spending. To deal with increasingly complex attacks, India, Japan, and Singapore have amended or created new national cybersecurity regulations. Cybersecurity breaches are projected to cost a lot of money in the Asia Pacific area. Terrorist attacks and cyberattacks have become increasingly common in the area, prompting India, China, Australia, Japan, Malaysia, and Singapore to implement world-class public safety and security systems. The National Counterterrorism Coordinator has been appointed by the Australian government to assist the Prime Minister in developing policies. China has tightened its security measures and installed surveillance and perimeter security systems and solutions. Surveillance systems, scanning and screening systems, and key communication networks are in high demand in the Asia Pacific area, which is driving up demand for public safety and security technologies. The Indian government prioritises infrastructure development as well as improving security at airports, ports, and refineries.

North America, which has the most public safety and security suppliers in the world, dominates the global public safety and security industry. The region, which includes the United States and Canada, has the most modern infrastructure and a high level of adoption of cyber technologies. The vast use of smartphones, the fast-developing e-commerce business, and the friction associated to technology developments among competing nations in different regions are all projected to drive this market's growth in North America. The most important economic and national security concern for governments in the region is public safety and security. Government action has intensified in recent years as the necessity to secure key infrastructure and sensitive data has grown. More Intrusion Detection System are being deployed across many departments in this region, particularly in the healthcare and training support programmes. Increased budgets and subsidies have enticed a number of major investors to make large investments in the region throughout the years. The security infrastructure in the United States and Canada is being strengthened by various government and law enforcement entities.

Significant public infrastructure projects are underway in Middle Eastern countries to meet the demands of major events. The real estate and construction sector in the region are rapidly expanding. Middle Eastern countries are under pressure to minimise domestic dangers and strengthen their homeland security as a result of a series of cross-border conflicts, political upheaval, and increased terrorism in the region. All governments in the region are worried about the vulnerability of significant infrastructure, encouraging investment to improve its security.

Global terrorism is posing a greater threat to European countries. Severe criminal activity has also increased in the region. The use of CCTV in the region has increased dramatically in recent years. To provide proper security and safety, many airports have adopted modern perimeter security technologies. The European Union has established a number of severe standards and criteria that security solution vendors must follow prior to installation. As a result of these regulations, the quality of the solutions has improved. The numerous cybersecurity and integrated border management initiatives that have been carried over into the economies of the United Kingdom, France, Italy, Spain, and the remaining countries of the region collectively referred to as the Rest of Europe segment have contributed to the market's growth in the European region.

Key Players

  • NEC Corporation
  • ESRI
  • Northrop Grumman Corporation
  • Thales Group
  • Cisco Systems 
  • IBM Corporation
  • AGT International
  • Honeywell International
  • Alcatel-Lucent S.A.
  • Huawei Technologies Co. Ltd. 

Recent Developments:

  • CivicEye, the end-to-end provider of cloud software for law enforcement and security organizations, announced its entry into the industry. The company offers a modern, easy-to-use software platform for communities and law enforcement bodies that helps to save lives and increase security and transparency.
  • Northrop Grumman Corporation and AT&T* have agreed to work together to explore and create a digital battle network to serve the US Department of Defense, powered by AT&T 5G and Northrop Grumman's advanced mission technologies (DoD).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Public Safety and Security Market , By Component                   

                                6.1.1 Software 

                                6.1.2 services    

                                6.1.3 Market Size Estimations & Forecasts (2022-2027)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Public Safety and Security Market , By Solution                           

                                6.2.1 Critical Communication Network  

                                6.2.2 Surveillance System            

                                6.2.3 Emergency             

                                6.2.4 Biometric & Authentication System & Disaster Management           

                                6.2.5 Cyber Security       

                                6.2.6 Market Size Estimations & Forecasts (2022-2027)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

                6.3 Public Safety and Security Market , By Vertical                            

                                6.3.1 Homeland Security              

                                6.3.2 Critical Infrastructure security        

                                6.3.3 Emergency Services            

                                6.3.4 Transportation system      

                                6.3.5 Others      

                                6.3.6 Market Size Estimations & Forecasts (2022-2027)   

                                6.3.7 Y-o-Y Growth Rate Analysis              

                                6.3.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Public Safety and Security Market , by Region               

                7.2 North America - Market Analysis (2022-2027)                              

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Solution             

                                7.2.4 By Vertical               

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Solution             

                                7.3.4 By Vertical               

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Solution             

                                7.4.4 By Vertical               

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Solution             

                                7.5.4 By Vertical               

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Solution             

                                7.6.4 By Vertical               

8. Key Player Analysis                                    

                8.1 NEC Corporation                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 ESRI               

                8.3 Northrop Grumman Corporation                      

                8.4 Thales Group                             

                8.5 Cisco Systems                            

                8.6 IBM Corporation                      

                8.7 AGT International                    

                8.8 Honeywell International                       

                8.9 Alcatel-Lucent S.A.                  

                8.10 Huawei Technologies Co. Ltd.                           

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Public Safety and Security Market By Region, From 2022-2027 ( USD Billion )
  2. Global Public Safety and Security Market By Component, From 2022-2027 ( USD Billion )
  3. Global Software Market By Region, From 2022-2027 ( USD Billion )
  4. Global services Market By Region, From 2022-2027 ( USD Billion )
  5. Global Public Safety and Security Market By Solution, From 2022-2027 ( USD Billion )
  6. Global Critical Communication Network Market By Region, From 2022-2027 ( USD Billion )
  7. Global Surveillance System Market By Region, From 2022-2027 ( USD Billion )
  8. Global Emergency Market By Region, From 2022-2027 ( USD Billion )
  9. Global Biometric & Authentication System & Disaster Management Market By Region, From 2022-2027 ( USD Billion )
  10. Global Cyber Security Market By Region, From 2022-2027 ( USD Billion )
  11. Global Public Safety and Security Market By Vertical, From 2022-2027 ( USD Billion )
  12. Global Homeland Security Market By Region, From 2022-2027 ( USD Billion )
  13. Global Critical Infrastructure Security Market By Region, From 2022-2027 ( USD Billion )
  14. Global Emergency Services Market By Region, From 2022-2027 ( USD Billion )
  15. Global Transportation system  Market By Region, From 2022-2027 ( USD Billion )
  16. Global Others Market By Region, From 2022-2027 ( USD Billion )

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