The Global Public Safety Analytics market size is estimated to reach $25.8 billion by 2027, growing at a CAGR of 15.4% during the forecast period 2022-2027. The market growth is attributed to government initiatives aimed at reducing response time & damage caused by natural & man-made disasters, rising public safety concerns, growing adoption identity analytics for criminal investigations & law enforcement and so on. The advanced public safety technologies use gunshot detection systems, crime-mapping platforms, license-plate readers and facial recognition software to combat crime. Integration of AI and ML assists in prescriptive analytics & descriptive analytics by identifying & correlating data points and transforming them into actionable insights. Additionally, rising geopolitical tensions around the world, increasing investments & research in defence and public safety are some of the major factors set to transform the Public Safety Analytics industry outlook in the coming time.
Public Safety Analytics Report Coverage
The “Public Safety Analytics Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Public Safety Analytics Market.
Key Takeaways
- Predictive analytics segment in the Public Safety Analytics market is analysed to grow at the fastest rate with a CAGR of 16.2% during the forecast period 2022-2027, owing to increasing use of machine learning and deep learning technologies in various domains, growing adoption of predictive analytics solutions in defence & police forces to reduce the crime rate and so on.
- Public Safety Analytics market for person of interest screening is analysed to grow at the highest rate with a CAGR of 16.8% during 2022-2027, attributed to the increasing adoption of screening devices by public safety agencies for criminal investigations, growing use of screening devices at various public infrastructures like airports, train stations and so on.
- North America dominated the global Public Safety Analytics market in with the market share of 34% in 2021, attributed to increasing use of machine learning & artificial intelligence to make informed policing decisions, rising deployment of prescriptive analytics & descriptive analytics tools by various law enforcement agencies and so on.
- Government mandate towards reducing response time & damage caused by natural & man-made disasters and increasing use of machine learning & artificial intelligence by various law enforcement agencies to make informed policing decisions are analysed to significantly drive the market growth of Public Safety Analytics market during the forecast period 2022-2027.
Global Public Safety Analytics Market Value Share, by region, 2021 (%)
Public Safety Analytics Market Segment Analysis- By Type
Predictive analytics segment in the Public Safety Analytics market is analysed to grow at the fastest rate of 16.2% during the forecast period 2022-2027, owing to the increasing use of machine learning and deep learning technologies in various domains, rising deployment of predictive analytics in defence and police forces, increasing vulnerability to cyber-attacks and so on. According to a research paper published by University of Chicago in 2022, an AI tool can predict future crimes with roughly 90% accuracy one week in advance. It further said that crime in wealthier parts of town resulted in more arrests, while arrests in poorer neighbourhoods decreased. It was predicted using arrest data from neighbourhoods with varying socioeconomic levels. These are the significant factors impacting the growth of natural language processing technology in Public Safety Analytics industry outlook overtime.
Public Safety Analytics Market Segment Analysis- By Application
Public Safety Analytics market for person of interest screening is analysed to grow with the highest CAGR of 16.8% during 2022-2027. Factors such as the increasing adoption of screening devices by public safety agencies for criminal investigations, growing use of screening devices at various public infrastructures like airports, train stations and so on are accelerating the demand for Public Safety Analytics. In May 2020, Honeywell launched a new temperature monitoring solution for the screening of a person entering a facility. It performs non-invasive preliminary screening of a person using advanced infrared imaging technology and artificial intelligence algorithms. The Honeywell ThermoRebellion temperature monitoring solution is simple to install at the entrance of the factory, airport, distribution centre, stadium and other commercial building for identity analytics and surveillance. Such factors are<span calibri",sans-serif;mso-ascii-theme-font:minor-latin;mso-hansi-theme-font:="" minor-latin;mso-bidi-theme-font:minor-latin"="" style="box-sizing: border-box;"> analyzed to impact the growth of global Public Safety Analytics industry outlook for person of interest screening in the coming time.
Public Safety Analytics Market Segment Analysis- By Geography
North America dominated the global Public Safety Analytics market with a share of 34% in 2021, attributed to the increasing use of machine learning & artificial intelligence to make informed policing decisions, rising deployment of prescriptive analytics & descriptive analytics tools by various law enforcement agencies and so on. According to federal government IT experts report published in 2020, AI, machine learning and predictive analytics will be increasingly viewed as a matter of national security in 2022. It is also predicted that this trend would drive new policy initiatives and investments, potentially accelerating the development of these technologies. It further states that spending on AI/ML will nearly double to almost $1 billion in fiscal year 2020, representing a 50% increase over fiscal year 2018 making it one of the fastest growing technologies. These factors are set to transform Public Safety Analytics industry outlook within North American markets.
Public Safety Analytics Market Drivers
Government Mandate towards Reducing Response Time & Damage caused by Natural & Man-made Disasters is Accelerating the Growth of Public Safety Analytics Market:
Government initiatives aimed at reducing response time & damage caused by natural and man-made disasters is boosting the demand for public safety analytics. A growing number of crime prevention tools are cloud-connected and run on deep neural networks. As a result, law enforcement can read license plates more easily, run facial recognition software, map crime and terrorist networks, and detect suspicious anomalies. Some of these technologies even process data within the devices themselves in order to improve criminal offense and terrorist-prevention capabilities. The increasing number of metropolitan police departments are implementing problem-oriented policing practices and focusing on hotspots to deter and control crime. In July 2020, Motorola Solutions updated its video security and analytics portfolio through the introduction of new technology to support Public-Private Partnership (PPP) programs. PPP enables public safety officials and businesses in the community to collaborate by sharing video footage and information to prevent & respond to incidents. These systems are designed to improve trust and engagement between law enforcement agencies and the communities by broadening the scope of safety and security throughout cities and municipalities. According to the American Rescue Plan Act of 2021, $50 billion is allocated for the Federal Emergency Management Agency's Disaster Relief Fund to assist state, local, tribal and territorial governments in responding to and recovering from major disasters or emergencies. In the event of a natural disaster, the combination of IoT-enabled analytics, devices and networks will accelerate intelligent decision-making and improve overall response time. It enables businesses and organizations to adopt new IT, edge analytics, and platform-based security models, allowing them to leverage real-time data and advanced analytics to deliver meaningful results. Such factors will help in propelling the growth of Public Safety Analytics market size in the long run.
Increasing Use of Machine Learning & Artificial Intelligence by Various Law Enforcement Agencies to make Informed Policing Decisions is Positively Impacting the Growth of Public Safety Analytics Market:
The growing use of artificial intelligence and machine learning by law enforcement agencies to make smart policing decisions is accelerating the growth of Public Safety Analytics Market. AI technology is used for surveillance, to spot anomalies in crowds, to analyse video footage for criminal activity, and to maximise the effectiveness of facial recognition. Artificial intelligence in policing is expected to change a current societal security and assurance. The primary goal of the police force is not only to prevent crime, but also to solve it. AI technology has the potential to deal with almost any type of crime, making it an influential tool. It allows the law enforcement agencies to concentrate their assets in a specific location and at a specific time. It is critical to understand a piece of land before conducting any operation on it. Drones equipped with sensors can be used to gather such vital information. In July 2020, FARO Technologies, Inc. launched a portable and advanced handheld 3D forensic scanner Freestyle 2, in collaboration with AEC and Public Safety Analytics. The scanner is ideal for criminal investigations along with quick and thorough scene documentation. It offers instant real-time visualizations coupled with photorealistic reality capture capabilities. According to a survey conducted by Analytics Insights in 2022, approximately 56% of total respondents believe that AI cops should be given a chance over the regular police force in India, 29.2% believe that AI cops should be given a chance and the remaining 14.6% believe that AI cops should not be given a chance over the regular police force in India. It shows the acceptability of AI technologies by public to improve the safety standards and increase the communication between police & public. These factors are encouraging the use of the electronic receipts thereby accelerating the Public Safety Analytics market size in the coming time.
Public Safety Analytics Market Challenges
Cyber security Risk coupled with Lack of Awareness about Public Safety Services is Restricting the Growth of Public Safety Analytics Market:
Cyber security concerns combined with a lack of public awareness about safety services are limiting the market growth. If sensitive data stored in public security systems is leaked or inaccurately secured, the citizen or public entity may suffer significant financial loss, reputational damage and business disruption. Cities or states may face liability if smart technologies are used inaccurately while conducting law enforcement operations or activities. According to a Deloitte report published in 2020, 60% of states experienced cyberthreat assessments in 2020 more than 43% in 2018. It further states that the widespread hack of the US government and commercial vendors, demonstrate the difficulties of living in a networked ecosystem. In an interconnected world, a flaw of a single organization can endanger its partners, clients and even an entire industry. Attacks can spread quickly between public and private networks, allowing them to scale dramatically. Such factors increase the concerns regarding the cyber security and data theft. Furthermore, limited budgets, ageing infrastructure, lack of data storage facilities and protection of citizen rights & identities are some of the important factors limiting the growth of Public Safety Analytics industry.
Public Safety Analytics Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Public Safety Analytics Market. The top 10 companies in the Public Safety Analytics market are:
- Cisco Systems, Inc.
- Civica UK Limited
- FARO Technologies, Inc.
- Hexagon AB
- Haystax Technology, Inc.
- Honeywell International Inc.
- Hitachi Vantara Corporation
- International Business Machines Corporation
- Motorola Solutions, Inc.
- NICE Systems Ltd.
Recent Developments
- In June 2022, Cisco launched a global, cloud-delivered, integrated platform designed to provide security resilience in a hybrid multi-cloud future. It will protect and connect organizations of all sizes from potential cyber-attacks using analytical tools. The Security Cloud will offer a unified experience for securely connecting people, devices, applications and data anywhere. The platform will provide threat prevention, detection, response and remediation and ensure cyber security of an organization boosting the adoption of such platforms in various industries.
- In April 2022, Motorola Solutions has formed a public safety cyber threat information sharing and analysis organization (ISAO). The Public Safety Threat Alliance ISAO is recognized by the Cybersecurity and Infrastructure Security Agency (CISA). It emphasizes on unwavering commitment of Motorola towards public safety organizations and the communities they serve. It will boost the adoption of public safety analytics by spreading awareness among consumers.
- In September 2021, Hexagon AB launched the Security & Surveillance platform for rail. The platform combines 3D surveillance systems for public safety with best security features and collaboration software. It comprises an integrated set of solutions validated in rail operations around the world. It enables rail operators to protect their assets, passengers and freight in order to reduce disruptions, improve public safety and customer satisfaction. Such platform will encourage the use of public safety analytics in railways & transportation.
Relevant Report Titles:
Advanced Security Analytics Market- Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis
Report Code: ITR 0193
Report Code: ITR 0211
Report Code: ITR 0077
For more Information and Communications Technology Market reports, please click here
