Public Safety and Security Market by Critical Communication, C4ISR, Biometric Security, Surveillance, Emergency and Disaster Management, Cybersecurity - Global Forecast to 2029

Dublin, Oct. 03, 2024 (GLOBE NEWSWIRE) -- The "Public Safety and Security Market by Solution (Critical Communication, C4ISR, Biometric Security, Surveillance, Emergency and Disaster Management, Cybersecurity), Application (Homeland, Critical Infrastructure, Transportation) - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The global Public Safety and Security Market is projected to grow from USD 520.8 billion in 2024 to USD 878.2 billion by 2029 at a compound annual growth rate (CAGR) of 11.0%

The report offers market leaders and new entrants valuable insights by providing close approximations of revenue figures for the overall Public Safety and Security market and its subsegments. Stakeholders can leverage this report to understand the competitive landscape better, enabling them to position their businesses more effectively and develop tailored go-to-market strategies. Additionally, stakeholders can grasp the market dynamics and stay informed about key drivers, restraints, challenges, and opportunities shaping the industry landscape.

Increasing security threats, such as terrorism and crime, are prompting governments in countries like the U.S., Canada, the UK, and Germany to implement advanced safety measures, including biometric security and video surveillance. At the same time, technological advancements like the Internet of Things (IoT), Artificial Intelligence (AI), and Big Data are transforming public safety strategies by enhancing surveillance capabilities and emergency response efforts.

By Solution, the emergency and disaster management will grow at a higher CAGR during the forecast period.

All cities are prone to different types of disasters -natural or man-made, such as hurricanes, earthquakes, cyclones, or tsunamis. To protect the public, government organizations rely on emergency and disaster management solutions. The emergency and disaster management solutions are web-based systems that are easy to use and enable rapid response, disaster recovery, and simulation capabilities.

Emergency and Disaster Management have tools like traffic simulation, hazard propagation, and incident evaluation, covering both emergency and post-emergency measures. These Safety measures provide information during a crisis, safety manuals, protocols, and emergency contacts. Using such state-of-the-art Emergency and Disaster Management solutions, Government organizations can prepare, respond, and recover from disasters in a manner that saves people's lives and reduces the consequences of both natural and man-made disasters.

By Professional Services, the design and consulting segment accounts for the largest market size during the forecast period.

Design and consulting services are key to protecting infrastructure from physical threats and cyber-attacks. In today's global business world, threats to businesses, government organizations, public safety agencies, and law enforcement are bigger than ever, so there is an increasing need to act fast to address fraud, theft, cybercrime, and terrorism. Public safety agencies often need help to develop threat mitigation plans, and consulting services are key to optimizing agency performance.

These service providers identify and mitigate risks so public safety personnel can deploy solutions for critical infrastructure protection. Consulting teams made up of industry experts, former law enforcement, firefighters, and risk assessment professionals develop strategies aligned to regulatory and compliance requirements and security emergency needs. Design and Consulting services are essential to improve service delivery, financial sustainability, and benchmarking, and address operational, budgetary, and regulatory challenges.

By region, Europe is expected to be the third largest market during the forecast period.

The market dynamics the European public safety and security market has been facing are very dynamic - not easy. The geopolitical environment, technological advances, and social transformation are the most relevant factors influencing it. On the other hand, it has been worthwhile to think about how terrorism and extremism have driven huge investments in activities such as counterterrorism, intelligence gathering, and border security. It has also increased its call for law enforcement and security on the growing organized crime, human trafficking, and drug trafficking, among others. The pressure of the refugee crisis has considerably increased border control expenses.

The increasing threat to critical infrastructure and governmental agencies from cyber security has fostered a growing demand for cybersecurity solutions. Reforms in police accountability, transparency, community policing, and critical infrastructure protection of energy, transportation, and communication networks have accompanied it. Another trend is increased cooperation between European countries on intelligence sharing and joint operations.

Even with the issues associated with the installation and high installation costs, coupled with a general reluctance to change to new technologies, companies innovate to keep up with the changing demands, most especially helped by government initiatives in strengthening public safety through policy reforms and funding of enhanced security infrastructure.

The report provides insights on the following pointers:

• Analysis of critical drivers (Rising instances of terrorist activities and breaches), restraints (Violation of privacy), opportunities (Convergence of multiple physical security systems), and challenges (In-capabilities of legacy systems)
• Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, new products, and service launches in the Public Safety and security market.
• Market Development: Comprehensive information about lucrative markets - the report analyses the Security market across varied regions.
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in Public Safety and security.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Cisco(US), Honeywell(US), Motorola Solutions (US), IBM(US), and Siemens(Germany).

Key Attributes:

Companies Featured

• Cisco
• Motorola Solutions
• Siemens
• Huawei
• General Dynamics
• Honeywell
• IBM
• Nec
• Thales
• Hexagon
• Ericsson
• Atos
• Idemia
• Esri
• L3Harris Technologies
• Alcatel-Lucent Enterprise
• Verint Systems
• Saab Ab
• Nice
• Teltronic
• Secure Passage
• Fotokite
• Onsolve
• Veoci
• Cityshob

For more information about this report visit https://www.researchandmarkets.com/r/ggw1e7

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• Public Safety and Security Market