USD 444.19 Billion
Report ID:
SQMIG45A2445 |
Region:
Global |
Published Date: February, 2025
Pages:
185
|Tables:
71
|Figures:
68
Global Public Safety and Security Market size was valued at USD 444.19 Billion in 2023 and is poised to grow from USD 517.1 Billion in 2024 to USD 1485.46 Billion by 2032, at a CAGR of 14.1% during the forecast period (2025-2032).
Growing incidence of crimes, natural disasters, and cyberattacks is projected to primarily boost the adoption of public safety and security solutions in the future. Advancements in security and surveillance technologies around the world are also playing a crucial role in promoting the global public safety and security market growth over the coming years. Imposition of stringent regulations and mandates to promote the safety of the public by governments is also slated to create new opportunities for public safety and security providers. Rapidly increasing urbanization coupled with launch of smart city initiatives is also anticipated to boost revenue generation for public safety and security companies in the long run. High emphasis on improving disaster response and management to reduce loss of lives during catastrophes is also bolstering the adoption of advanced public safety and security solutions on a global level. However, high costs on implementation, cybersecurity threats to platforms, integration issues with legacy systems, and data privacy concerns are predicted to hurt the adoption of public safety and security offerings across the study period and beyond.
Market snapshot - (2025-2032)
Global Market Size
USD 444.19 Billion
Largest Segment
Homeland Security
Fastest Growth
Logistics & Transportation Systems
Growth Rate
14.1% CAGR
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Global public safety and security market is segmented by solution, application, and region. Based on solution, the market is segmented into biometric security & authentication system, critical communication network, C2/C4isr system, surveillance system, screening & scanning system, emergency & disaster management, cybersecurity, public address & general alarm, and backup & recovery system. Based on application, the market is segmented into emergency services, homeland security, critical infrastructure security, logistics & transportation systems, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Analysis by Solution
Critical communication network is slated to account for a dominant share of the global public safety and security industry in the future. Essential role of communication and real-time information exchange in any public safety offering allows this segment to hold sway over others. Increasing reliance of public safety and security platforms on internet connectivity is further cementin the dominance of this segment among others. Surging demand for continual and uninterrupted communication in multiple advanced public safety and security solutions is also forecasted to create new opportunities via this segment.
Meanwhile, the demand for emergency & disaster management solutions is slated to rise at a notable pace in the long run. Increasing incidence of natural disasters such as wildfires, earthquakes, floods, etc. Around the world owing ot climate change and global warming are bolstering the demand for better emergency & disaster management solutions. Growing investments of governments and disaster management organizations in developing better disaster response and management solutions are also offering new business scope via this segment. Humanitarian concerns and growing frequency of natural and man-made disasters are also expected to bolster the demand for emergency & disaster management solutions through 2032.
Analysis by Application
The homeland security segment is slated to account for the highest global public safety and security market share over the coming years. Almost every kind of security required for a citizen of a country comes under the homeland security segment thereby making it the most opportune segment for all public safety and security providers. Rising incidence of terrorist attacks, illegal immigration activities, and increase in cross-border conflicts are slated to bolster the demand for public safety and security solutions for homeland security. Rising political instability in countries and high emphasis on disaster prevention are slated to promote the adoption of novel public safety and security offerings via this segment.
On the other hand, the use of public safety and security in logistics & transportation systems is slated to rise at a phenomenal CAGR across the study period. Rising prevalence of terrorist attacks and crimes associated with the use of transportation facilities is making this an opportune segment. Efforts to prevent multiple types of criminal activities such as smuggling, human trafficking, illegal immigration, etc. Via transportation networks are also slated to promote the adoption of public safety and security solutions and services. Growing investments in strengthening the security and safety of public transportation systems can also offer new business opportunities through 2032.
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North America is estimated to spearhead the global public safety and security industry in the future. High spending on military and defense, launch of stringent regulations regarding public safety, and quick adoption of advanced safety and security technologies are cementing the dominance of this region. Efforts to reduce the illegal immigration from Mexico and South American countries and growing natural disasters in this region are promoting the demand for advanced public safety and security solutions. The United States and Canada are slated to be the most opportune markets in the North American region going forward.
The Asia Pacific region is forecasted to emerge as the fastest-expanding market in the world for public safety and security providers. Growing concerns regarding public safety, increasing terrorist activities, and presence of highly populous countries such as China and India make this region a highly opportune one. Increasing risk of cybersecurity amidst growing digitization and rising investments in improvement of public safety are also slated to favor the adoption of public safety and security across the study period. China, India, Pakistan, South Korea, and Japan are slated to emerge as the key markets in this region for public safety and security providers in the Asia Pacific region.
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Drivers
Surging Incidence of Terrorism and Criminal Activities
Emphasis on Disaster Management
Restraints
Complexity in Integration
Cybersecurity Threats to Safety Platforms
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Targeting countries with increasing political instability is anticipated to help public safety and security companies expand their business in the long run. Investing in the development of new public safety and security technologies and solutions can also help companies stay competitive. Integration of advanced technologies is emerging as an indispensable opportunities for all market players.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, emphasis on disaster management and rising incidence of terrorism and criminal activities are slated to be prime factors driving the demand for public safety and security. However, complexity in integration and cybersecurity threats to safety platforms are slated to slow down public safety and security market growth in the future. North America is slated to emerge as the dominant market owing to high spending on public safety and increasing incidence of natural and man-made disasters in countries such as the United States. Integration of artificial intelligence and use of biometrics can also enhance the business scope for multiple companies in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 444.19 Billion |
Market size value in 2032 | USD 1485.46 Billion |
Growth Rate | 14.1% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Public Safety and Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Public Safety and Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Public Safety and Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Public Safety and Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45A2445
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