Public Safety And Security Market Analysis Report By Service, By Solution, By Application, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global public safety and security market size was accounted for USD 318.2 billion, in 2018. The market is projected to grow with a CAGR of 14.8% and touch USD 812.6 billion by the end of 2025. Factors such as rising terrorism, increasing criminal activities, and shifting preference for IoT are predicted to fuel market growth over the estimated years. Rising investments by the government for modernizing conventional systems to enhance operational efficiency and lower cost is also projected to drive the demand for the product in the coming years.

Corporates are facing increasing danger from terrorism, artificial and natural disasters, and cyber-attacks. In the fast-growing security, the government is focusing on the latest solutions to enhance the existing IT infrastructure and security solutions. These factors are predicted to bode well for the adoption of products over the estimated period.

The demand for safety solutions is rising in nations facing threats from civil unrest. Also, the danger of attack on critical infrastructures such as water reservoirs, power generation plants, and highway networks is the major factor propelling the usage of the product. The increasing cases of natural disasters is also a significant factor promoting the implementation of emergency disaster management and acute communication network.

The expansion of MNCs in the Asia Pacific, especially in developing nations such as India and China is projected to boost the financial markets in these nations, resulting in possible targets by cybercriminals. As per the Internet Security Threat Report (ISTR), countries such as India, the U.S., and China have the highest number of cyber-attack cases. The traditional IT infrastructure is unable to combat increasing cyber-attacks. Factors that restrain the adoption of these systems are a huge investment in the implementation of these systems, lack of qualified personnel, high cost of advancement, and integration issues. Moreover, strict laws such as the General Data Protection Regulation (GDPR) in Europe are also plummeting the market growth of the market.

Service Insights

Depending on the service, the public safety & security market is segregated into professional services and managed services. The professional services division led the market in 2018 due to the increasing demand for the implementation of the safety net as part of digitalization. Governments are emphasizing enhancing the conventional safety systems by incorporating the latest biometric authentication, surveillance systems, and C2/ C4ISR. On the other hand, the managed services category is projected to grow rapidly from 2019 to 2025 due to the increasing acceptance of the Public Safety as a Service (PSaaS) model.

PSaaS can be deployed in smart cities without much investment in IT or other technologies. Moreover, the ‘as-a-service approach has allowed the government to face challenges and respond to emergency circumstances efficiently. For example, SOMA Global LLC provides a cloud-built public safety platform through PSaaS approach.  These factors are predicted to supplement product demand in the upcoming years.

Solution Insights

Based on the solution, the market is segmented into the critical communication network, biometric security& authentication system, cybersecurity screening & scanning system, backup & recovery system, emergency & disaster management, C2/C4ISR system, public address & general alarm, and, surveillance system. The critical communication network division led the market in 2018 due to the growing demand for the implementation of enhanced broadband communication across the globe. Moreover, the shifting preference for critical communication networks for disaster and emergency management in developing nations of Asia Pacific is expected to fuel the product demand in the upcoming years.

The increasing implementation of LTE is a significant part of critical communication. The LTE technology, with its extensive implementation, provides a superior opportunity to meet security requirements. For example, the capability of LTE to assist in a wide range of applications such as real-time transmission and high-speed data offers disaster management and law enforcement agencies excellent capabilities to improve safety. Emergency & disaster management is projected to grow swiftly from 2019 to 2025 due to shifting the government focus on deployment mechanisms to address natural disasters.

Application Insights

Depending on the application the market is categorized into critical infrastructure security, homeland security, logistics & transportation system, emergency services, and others. The homeland security category led the market in 2018 due to the growing government undertakings to enhance safety. For example, the National Infrastructure Protection Plan (NIPP) in the U.S. under the instructions of the U.S. Department of Homeland Security (DHS) aimed at integrating Critical Infrastructure and Key Resource (CIKR) safety efforts of the U.S. The NIPP mandates the private sector and government involvement in safeguarding the CIKR assets and locations in 16 sectors.

The logistics & transportation systems are estimated to grow rapidly from 2019 to 2025 owing to increasing preference for technologically enhanced security solutions and advancement of existing infrastructure to improve the safety of transit systems. Moreover, the implementation of the Intelligent Transportation System as a component of smart city undertaking is projected to bode well for the growth of the segment in the upcoming years.

Regional Insights

North America led the market in 2018. Increasing government spending in enhancing public safety infrastructure to combat illegal immigration and terrorism is predicted to propel the growth of the market from 2019 to 2025. North America’s growth is also fueled by the operation of leading players such as Cisco Systems, Inc., General Dynamics, and Harris Corporation.

The Asia Pacific is anticipated to grow rapidly in the coming years. Cross-border terrorism, rising crime rates, and illegitimate immigration are the leading factors supplementing market growth. Governments across the region are spending on enhancing their communication and surveillance system. Moreover, the numerous smart cities in developing nations such as China and India are also projected to propel the product demand from 2019 to 2025.

Public Safety and Security Market Share Insights

The major players of the market are General Dynamics; Ericsson; ESRI; Harris Corporation; NEC Corporation; Atos; SAP SE; Huawei Technologies Co., Ltd.; Genetec; and Cisco Systems, Inc. These players are providing enhanced public safety and security solutions to enhance the capabilities of the government to competitively manage emergencies. Many service providers are also involved in developing weapon systems for military forces.

Additionally, some service providers, such as General Dynamics and Harris Corporation are working with government officials to provide public safety. For example, Harris Corporation in 2019, delivered 9,000 enhanced public safety radios to the U.S. Department of Homeland Security’s Customs and Border Protection (CBP), the nation’s foremost border control organization. The XL-200P radio was particularly designed for public safety to meet the operational needs and performance requirements of DHS.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Million Insights has segmented the global public safety and security market report based on service, solution, application, and region:

• Service Outlook (Revenue, USD Billion, 2014 - 2025)
    • Professional Services
    • Managed Services

• Solution Outlook (Revenue, USD Billion, 2014 - 2025)
    • Biometric Security & Authentication System
    • Critical Communication Network
    • C2/ C4ISR System
    • Surveillance System
    • Screening & Scanning System
    • Emergency & Disaster Management System
    • Cybersecurity
    • Public Address & General Alarm
    • Backup & Recovery System

• Application Outlook (Revenue, USD Billion, 2014 - 2025)
    • Emergency Services
    • Homeland Security
    • Critical Infrastructure Security
    • Logistics & Transportation System
    • Others

• Regional Outlook (Revenue, USD Billion, 2014 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • the Asia Pacific
        • China
        • India
        • Japan
    • Latin America
        • Brazil
    • Middle East & Africa