AI for Public Security and Safety Market Size by 2031
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
Market Size Value in US$ 9.330 billion in 2022 Market Size Value by US$ 71.006 billion by 2030 Growth rate CAGR of 29.3% from 2023 to 2030 Forecast Period 2023-2030 Base Year 2022
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AI for Public Security and Safety Market: Strategic Insights
| Market Size Value in | US$ 9.330 billion in 2022 |
| Market Size Value by | US$ 71.006 billion by 2030 |
| Growth rate | CAGR of 29.3% from 2023 to 2030 |
| Forecast Period | 2023-2030 |
| Base Year | 2022 |
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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 Report Scope
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.
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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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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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