The AI for Public Security and Safety market is projected to grow from US$ 12.02 billion in 2023 to US$ 99.01 billion by 2031; it is expected to expand at a CAGR of 30.2% from 2023 to 2031. Increasing investment in public safety measures is expected to be a key trend in the market.
Artificial intelligence (AI) can change the way police prevent, investigate, and solve crimes. AI can sift and analyze massive amounts of data more quickly and correctly than humans because it can discover patterns and relationships between recorded crimes. Thus, demand for AI in criminal investigation is expected to grow during the forecast period. Further, Artificial intelligence (AI) security solutions are designed to distinguish between "safe" and "malicious" actions by comparing the behaviors of users throughout an environment to those in a comparable environment. Thus, the adoption of AI in public safety and security is expected to boost during the forecast period.
Public security or public safety is the prevention and protection of events that could risk the public's safety and security from substantial danger. Public safety and security are significant factors in economic development and community well-being. Furthermore, the government supports the infrastructure and technologies that enable intelligence agencies to collect, comprehend, analyze, and detect operations in real-time.
There is growing concern about terrorists' use of information and communication technologies (ICT), particularly the Internet and other digital technologies, to execute terrorist activities. Terrorism has generated tremendous humanitarian and economic crises as a result of catastrophic events that have afflicted numerous countries, resulting in thousands of lives and significant damage. Further, Cyber-attacks and breaches are increasing in frequency with the increasing adoption of digital technologies. AI improves security by doing real-time analysis, predicting outcomes, and automating repetitive operations. AI for security solutions enables security professionals and IT management to streamline security processes. Thus, the adoption of AI to reduce the risk of security breaches and terrorist activities is expected to grow during the forecast period.
The field of artificial intelligence (AI) has advanced dramatically over the last decade. AI algorithms can evaluate enormous volumes of data in a variety of formats to detect anomalies. This has various uses in critical infrastructure security, particularly for addressing recent monitoring difficulties. Alarms from access control and video systems account for a significant portion of the manual monitoring involved in infrastructure security. These systems create alerts, which should only be sent when there is a breach. However, due to circumstances such as hardware failures, these systems create an excessive amount of false or nuisance alarms. AI and automation can help tackle this issue. AI can evaluate data from security sensors and automatically turn off nuisance alerts when there is no breach present. This significantly minimizes the likelihood of a true incidence being missed and saves time. Thus, demand for AI in critical infrastructure protection is expected to grow during the forecast period.
The key segments that contributed to the derivation of the AI for Public Security and Safety market analysis are coverage by component, application, and end user.
Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America.
North America held a significant share of the AI for public safety market in 2023. This may be attributed to the early technology adoption and presence of key market players in the region. On the other hand, Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The rise in terrorist activities and security breaches, as well as an increase in government rules and policies relating to public safety, are driving the expansion of the public safety and security market in this region.
The regional trends and factors influencing the AI for Public Security and Safety Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses AI for Public Security and Safety Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 12.02 Billion |
| Market Size by 2031 | US$ 99.01 Billion |
| Global CAGR (2023 - 2031) | 30.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The AI for Public Security and Safety Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the AI for Public Security and Safety Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The AI for Public Security and Safety market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "AI for Public Security and Safety Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
Rise in incidence of security breaches and terrorist activities and growing focus on smart city development activities are the major factors that drive the global AI for Public Security and Safety market.
Increasing investment in public safety measures is the major trends in the market.
Hexagon AB, Atos SE, Motorola Solutions Inc, Honeywell International Inc., Hitachi Ltd., Veritone Inc, International Business Machines Corp, XenonStack Pvt Ltd, Voyager Labs Ltd, Motorola Solutions, Palantir, NEC Corporation, IntelliVision, Quanergy Solutions Inc., XenonStack, Genetec, BAE System, Elbit System, Milestone, and Axis Communication are the major market players.
The global AI for Public Security and Safety market was estimated to grow at a CAGR of 30.2% during 2023 - 2031.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on the request are additional 3–5 company profiles and a country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.