Public Safety and Security Market Revenue Estimation by Component (Solutions, Services), Application (Emergency Services, Homeland Security, Critical Infrastructure Security, Logistics & Transportation Systems) – Forecast to 2030

Market Overview

The global public safety and security market size stood at $411.0 billion in 2021, which is expected to reach $1,115.3 billion by 2030, advancing at a CAGR of 11.7% during 2021–2030. This is mainly ascribed to the mounting implementation of advanced technologies in smart cities, the surging crime rates, the rising cases of catastrophic accidents, and the increasing number of terrorist events all over the world.

Rapidly Growing E-Commerce Industry Driving North American Market

In 2021, the North American market accounted for the largest revenue, of around $160 billion, globally. This is on account of the presence of a large number of vendors in the region and the stringent government regulations. In addition, the rise in the use of smartphones, coupled with high internet penetration, and high growth in the e-commerce sector are other factors driving the market. For instance, there were around 300 million internet users in the U.S. in 2021.

The major economic and national security challenge for governments in the region is public safety and security. The surging demand for the protection of sensitive data and critical infrastructure has augmented several government interventions. In addition, the government bodies in the region are putting more effort into the deployment of intrusion prevention system/intrusion detection system (IPS/IDS) solutions in the healthcare sector, which is also driving the market growth. Moreover, the law enforcement agencies in the region have actively focused on the strengthening of security infrastructure. For instance, the Canadian Centre for Cyber Security is devoted to the protection of Canadians from cyber risks.

On the other hand, the APAC market is expected to register the highest CAGR, of around 12.0%, during the forecast period. This can be ascribed to the surging adoption of advanced surveillance systems in several APAC countries. Moreover, the presence of a large number of mobile internet users in the region also drives the market growth. As per industry experts, China contains around 64% of the 1.5 billion global mobile internet connections, thereby augmenting the demand for public safety and security solutions in the region.

In addition, China is increasingly adopting surveillance systems to connect all security cameras in the country through a cloud, which has a database of every person’s facial ID and personal details. It helps in the identification of personal details within a few seconds, with around 90% efficacy. In addition, 18 out of 20 most monitored cities are present in China, and more than half of the surveillance cameras used all over the world, are present in the country.

Furthermore, partnerships among key players to provide safety and security solutions are driving the market in China. For instance, in March 2020, Honeywell Security Group, a subsidiary of US-based Honeywell International Inc., partnered with Wuhan Donghu New Tech Development Zone Anti-Coronavirus Department in China to provide security equipment to 50 hospitals across Hubei Province. Also, in January 2020, it announced the donation of equipment worth $1 million to support various hospitals in Wuhan.

Moreover, the Indian government is implementing various measures related to the adoption of video surveillance equipment in the country for the improvement of the safety and security of the public, which is leading to the surge in the market growth. In the past few years, the government has focused on the launch of various projects like Power for All, the Swachh Bharat Mission, and the Smart Cities Mission, for infrastructure developments. The rising number of CCTV surveillance cameras in the country also spurs the public safety and security market. For instance, as per the Indian government report, Telangana and Tamil Nadu together account for more than 50% of total surveillance cameras in the country.

In addition, the launch of various products by companies to support public safety also intensify the market growth. For instance, in June 2020, Zebra Technologies Corporation announced the launch of the TC26 computer in the country for the front-line workers to capture large data, with high efficiency and lower cost. Also, the U.P. police deployed around 2,000 units of TC75 touch computers manufactured by Zebra Technologies Corporation in its UP-112 emergency management system. These computers enable access to real-time data that is necessary for public safety.

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Public Safety and Security Services Are Mainly Employed in Homeland Security Application

Amongst all the applications, homeland security accounted for the largest revenue share, of around 35%, in 2021. This is majorly due to the increase in various research activities and constant innovations in the public safety and security sector all over the world.

Developed nations are putting several efforts to reduce events of future terrorist attacks. For instance, the U.S. government spends approximately $100 billion every year on homeland security solutions, which include state, emergency, local law enforcement, and federal services. In addition, in January 2020, the US Department of Homeland Security Science and Technology Directorate awarded around $750,000 to SecuLore Solutions to examine various cybersecurity capabilities for emergency communications systems. This funding will reinforce 911 defenses in terms of cyberattacks. Thus, these factors are driving the market growth in this category.

Recent Strategic Developments of Key Players

In recent years, players operating in the public safety and security market have been involved in mergers & acquisitions to attain a significant position. For instance, in December 2021, Honeywell International Inc. announced the acquisition of US Digital Designs Inc. to expand Honeywell’s fire and connected life safety business.

Key Players in the Public Safety and Security Market Are:

• Cisco Systems Inc.
• Honeywell International Inc.
• Motorola Solutions Inc.
• IBM Corporation
• NEC Corporation
• Siemens AG
• THALES
• Huawei Technologies Co. Ltd.
• Hexagon AB

Segmentation Analysis

The research offers the size of the global public safety and security market for the period 2017–2030.

Based on Component

• Solutions
• Services

Based on Application

• Emergency Services
• Homeland Security
• Critical Infrastructure Security
• Logistics & Transportation Systems

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • Italy
  • Spain
  • U.K.
  • France
• Asia-Pacific
  • Japan
  • India
  • China
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa