Public Safety Analytics Trends and Forecast
The future of the global public safety analytics market looks promising with opportunities in the pattern recognition, incident detection, person of interest screening, and surveillance markets. The global public safety analytics market is expected to reach an estimated $27.3 billion by 2030 with a CAGR of 20.4% from 2024 to 2030. The major drivers for this market are rising frequency of terrorist strikes and criminal activity, growing geopolitical hostilities between nations, as well as, increasing defense budgets and incorporating advanced solutions to improve situational awareness in military and law enforcement securities.Public Safety Analytics by Segment
The study includes a forecast for the global public safety analytics by component, analytics type, application, and region.Public Safety Analytics Market by Component [Shipment Analysis by Value from 2018 to 2030]
- Solutions
- Services
Public Safety Analytics Market by Analytics Type [Shipment Analysis by Value from 2018 to 2030]
- Predictive Analytics
- Prescriptive Analytics
- Descriptive Analysis
Public Safety Analytics Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Pattern Recognition
- Incident Detection
- Person of Interest Screening
- Surveillance
- Others
Public Safety Analytics Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Public Safety Analytics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies public safety analytics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the public safety analytics companies profiled in this report include-- Hexagon
- IBM
- Cisco
- NEC
- SAP
- Esri
- SAS
- Nice Systems
- Splunk
- Verint Systems
Public Safety Analytics Market Insights
The publisher forecasts that predictive analytics is expected to witness the highest growth over the forecast period due to the growing application of deep learning and machine learning technology across a range of industries, the increased use of predictive analytics in law enforcement and the military, and the growing susceptibility of these systems to cyberattacks.North America will remain the largest region over the forecast period due to the existence of regional providers of public safety solutions who supply public safety solutions to different public safety organizations in the region.
Features of the Global Public Safety Analytics Market
- Market Size Estimates: Public safety analytics market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Public safety analytics market size by component, analytics type, application, and region in terms of value ($B).
- Regional Analysis: Public safety analytics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different component, analytics type, application, and regions for the public safety analytics market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the public safety analytics market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the public safety analytics market size?Answer: The global public safety analytics market is expected to reach an estimated $27.3 billion by 2030.
Q2. What is the growth forecast for public safety analytics market?
Answer: The global public safety analytics market is expected to grow with a CAGR of 20.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the public safety analytics market?
Answer: The major drivers for this market are rising frequency of terrorist strikes and criminal activity, growing geopolitical hostilities between nations, as well as, increasing defense budgets and incorporating advanced solutions to improve situational awareness in military and law enforcement securities.
Q4. What are the major segments for public safety analytics market?
Answer: The future of the global public safety analytics market looks promising with opportunities in the pattern recognition, incident detection, person of interest screening, and surveillance markets.
Q5. Who are the key public safety analytics market companies?
Answer: Some of the key public safety analytics companies are as follows:
- Hexagon
- IBM
- Cisco
- NEC
- SAP
- Esri
- SAS
- Nice Systems
- Splunk
- Verint Systems
Answer: The publisher forecasts that predictive analytics is expected to witness the highest growth over the forecast period due to the growing application of deep learning and machine learning technology across a range of industries, the increased use of predictive analytics in law enforcement and the military, and the growing susceptibility of these systems to cyberattacks.
Q7. In public safety analytics market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the existence of regional providers of public safety solutions who supply public safety solutions to different public safety organizations in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the public safety analytics market by component (solutions and services), analytics type (predictive analytics, prescriptive analytics, and descriptive analysis), application (pattern recognition, incident detection, person of interest screening, surveillance, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Public Safety Analytics Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Hexagon
- IBM
- Cisco
- NEC
- SAP
- Esri
- SAS
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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