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.
AI for Public Security and Safety Market Analysis
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.
AI for Public Security and Safety Market Industry Overview
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.
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AI for Public Security and Safety Market: Strategic Insights
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AI for Public Security and Safety Market: Strategic Insights
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AI for Public Security and Safety Market Driver and Opportunities
Rise in Incidence of Security Breaches and Terrorist Activities to Favor Market Growth
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.
Artificial Intelligence (AI) to Protect Critical Infrastructure
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.
AI for Public Security and Safety Market Report Segmentation Analysis
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.
- By component, the market is divided into solution and services.
- In 2022, the solution segment led the AI for public security and safety market, and this trend is likely to continue until 2030. Artificial intelligence enables corporations to address public safety challenges with advanced solutions.
- By application, the market is divided into preventative policing, criminal investigation, combating terrorism, emergency response and disaster management, and others.
- By end user, the market is divided into law enforcement agencies, federal intelligence and security, and others.
AI for Public Security and Safety Market Share Analysis By Geography
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.
AI for Public Security and Safety Market Regional Insights
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.
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AI for Public Security and Safety Market Report Scope
| 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 |
AI for Public Security and Safety Market Players Density: Understanding Its Impact on Business Dynamics
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:
- Hexagon AB
- Atos SE
- Motorola Solutions Inc
- Honeywell International Inc.
- Hitachi Ltd.
- Veritone Inc
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the AI for Public Security and Safety Market top key players overview
AI for Public Security and Safety Market News and Recent Developments
The AI for Public Security and Safety market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the AI for Public Security and Safety Market are listed below:- Global drone tech provider ideaForge Technology has announced its partnership with Skylark Labs, a U.S.-based AI solutions company, to integrate advanced proprietary self-evolving AI capabilities into its drones, for public safety and security applications.(Source: ideaForge Technology, Press Release, May 2024)
AI for Public Security and Safety Market Report Coverage & Deliverables
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-
- AI for Public Security and Safety Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- AI for Public Security and Safety Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- AI for Public Security and Safety Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the AI for Public Security and Safety Market
- Detailed company profiles.
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application, End User, and Component
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, UAE, UK, United States
Frequently Asked Questions
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.
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