The AI for public security and safety market size has grown exponentially in recent years. It will grow from $12.62 billion in 2023 to $16.45 billion in 2024 at a compound annual growth rate (CAGR) of 30.3%. The growth observed in the historical period can be attributed to several factors, including increased data availability, the integration of video analytics, a rise in concerns about terrorism, urbanization and smart city initiatives, as well as heightened awareness of and responses to increased cybersecurity threats. These factors collectively contributed to the development and adoption of AI technologies for public security and safety during that time.
The AI for public security and safety market size is expected to see exponential growth in the next few years. It will grow to $46.52 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The anticipated growth in the forecast period can be attributed to various factors, including the expanding use of drones and robotics, an increasing focus on predictive policing, the integration of AI in emergency communication systems, global efforts against cybersecurity threats, and the incorporation of Explainable AI (XAI). Noteworthy trends expected in the forecast period encompass ethical AI and responsible deployment practices, the development of AI-powered virtual assistants for emergency response, the customization of AI solutions for smart cities, the integration of AI in wearable devices, and efforts towards ensuring interoperability of AI systems in the domain of public security and safety.
The increasing prevalence of security threats is poised to drive the growth of AI in the public security and safety market in the foreseeable future. Security threats encompass potential dangers or risks that can compromise the confidentiality, integrity, or availability of information, systems, and resources. AI plays a crucial role in addressing public security and safety challenges by rapidly analyzing extensive datasets, identifying patterns, and enhancing the efficiency of surveillance, threat detection, and response mechanisms. This integration of AI augments the capabilities of security systems, allowing them to adapt to evolving threats and safeguard communities. As per AAG IT Services, a UK-based information technology and services company specializing in cloud technology solutions, global cyberattacks witnessed a 38% increase in 2022 compared to 2021. Additionally, data breaches in 2022 cost businesses an average of $4.35 million, reflecting an uptick from $4.24 million in 2021. Thus, the escalating security threats are a key driver behind the growth of AI in the public security and safety market.
Leading companies in the AI for public security and safety market are actively developing innovative products by integrating purpose-built AI stacks, exemplified by GenAI in EVSec, to revolutionize product and system development for enhanced security. Generative AI (GenAI) involves the use of artificial intelligence to create new content, such as text, images, or code, based on existing data. In August 2023, C2A Security, an Israel-based security company, introduced its Generative AI Integration product, GenAI in EVSec. This innovation enhances threat detection and training capabilities, enabling adaptive responses for more efficient and effective public security and safety measures. GenAI in EVSec empowers developers, security engineers, and product leaders to optimize production processes, identify inefficiencies, automate security controls, and prioritize responses to vulnerabilities, contributing to a more robust and adaptive security infrastructure.
In March 2022, Microsoft Corporation, a leading technology company headquartered in the United States, finalized the acquisition of Nuance Communications Inc. for a substantial sum of $19.7 billion. This strategic move underscores Microsoft's commitment to bolstering its public security product portfolio and driving AI-driven outcomes. By combining Nuance's expertise in conversational AI and ambient intelligence with Microsoft's robust capabilities, the acquisition aims to empower organizations across various sectors to accelerate their business objectives through cloud-based solutions enriched with vertically optimized AI, thereby enhancing security measures. Nuance Communications Inc., a US-based pioneer in computer software technology, specializes in providing conversational artificial intelligence solutions, particularly in the realm of public security and safety, making it a valuable addition to Microsoft's portfolio.
Major companies operating in the ai for public security and safety market report are Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd., IBM Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., Telefonaktiebolaget LM Ericsson, NVIDIA Corporation, BAE Systems plc, Thales SA, Atos SE, Motorola Solutions Inc., Hexagon AB, Elbit Systems Ltd., Tata Communications Limited, Milestone Systems A/S, Palantir Technologies Inc., Axis Communication AB, Ainsworth Game Technology Limited, Alcatel Lucent Enterprise SA, Verient Systems Inc., NEC Corporation, Veritone Inc., Genetec Inc., Intelli-Vision Technologies Corporation, Voyager Labs Ltd., Quanergy Systems Inc., XenonStack Pvt. Ltd., Agent Video Intelligence Ltd.
North America was the largest region in the AI for public security and safety market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai for public security and safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ai for public security and safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
AI for public security and safety involves the application of artificial intelligence (AI) technologies and techniques to enhance and optimize various aspects of public security and safety measures. The primary objective is to leverage advanced computing capabilities to improve the effectiveness, efficiency, and responsiveness of systems and processes designed to safeguard the well-being of individuals and communities.
The main components of AI for public security and safety are solutions and services. A solution refers to an integrated system or software application that utilizes AI technologies to address and enhance various aspects of public security and safety measures. These solutions may have deployment modes such as on-premises and cloud-based, and they are applied in areas such as preventative policing, criminal investigation, combating terrorism, emergency response, disaster management, and other applications. The end-users of AI for public security and safety solutions include law enforcement agencies, federal intelligence and security agencies, and other relevant entities.
The AI for public security and safety market research report is one of a series of new reports that provides AI for public security and safety market statistics, including AI for public security and safety industry global market size, regional shares, competitors with AI for public security and safety market share, detailed AI for public security and safety market segments, market trends, and opportunities, and any further data you may need to thrive in the AI for public security and safety industry. This AI for public security and safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The AI for the public security and safety market includes revenues earned by entities by providing services such as preventative policing, criminal investigation, combating terrorism, emergency response, and disaster management. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI for public security and safety market also includes sales of surveillance cameras, LiDAR sensors, acoustic sensors, and environmental sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The AI for public security and safety market size is expected to see exponential growth in the next few years. It will grow to $46.52 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The anticipated growth in the forecast period can be attributed to various factors, including the expanding use of drones and robotics, an increasing focus on predictive policing, the integration of AI in emergency communication systems, global efforts against cybersecurity threats, and the incorporation of Explainable AI (XAI). Noteworthy trends expected in the forecast period encompass ethical AI and responsible deployment practices, the development of AI-powered virtual assistants for emergency response, the customization of AI solutions for smart cities, the integration of AI in wearable devices, and efforts towards ensuring interoperability of AI systems in the domain of public security and safety.
The increasing prevalence of security threats is poised to drive the growth of AI in the public security and safety market in the foreseeable future. Security threats encompass potential dangers or risks that can compromise the confidentiality, integrity, or availability of information, systems, and resources. AI plays a crucial role in addressing public security and safety challenges by rapidly analyzing extensive datasets, identifying patterns, and enhancing the efficiency of surveillance, threat detection, and response mechanisms. This integration of AI augments the capabilities of security systems, allowing them to adapt to evolving threats and safeguard communities. As per AAG IT Services, a UK-based information technology and services company specializing in cloud technology solutions, global cyberattacks witnessed a 38% increase in 2022 compared to 2021. Additionally, data breaches in 2022 cost businesses an average of $4.35 million, reflecting an uptick from $4.24 million in 2021. Thus, the escalating security threats are a key driver behind the growth of AI in the public security and safety market.
Leading companies in the AI for public security and safety market are actively developing innovative products by integrating purpose-built AI stacks, exemplified by GenAI in EVSec, to revolutionize product and system development for enhanced security. Generative AI (GenAI) involves the use of artificial intelligence to create new content, such as text, images, or code, based on existing data. In August 2023, C2A Security, an Israel-based security company, introduced its Generative AI Integration product, GenAI in EVSec. This innovation enhances threat detection and training capabilities, enabling adaptive responses for more efficient and effective public security and safety measures. GenAI in EVSec empowers developers, security engineers, and product leaders to optimize production processes, identify inefficiencies, automate security controls, and prioritize responses to vulnerabilities, contributing to a more robust and adaptive security infrastructure.
In March 2022, Microsoft Corporation, a leading technology company headquartered in the United States, finalized the acquisition of Nuance Communications Inc. for a substantial sum of $19.7 billion. This strategic move underscores Microsoft's commitment to bolstering its public security product portfolio and driving AI-driven outcomes. By combining Nuance's expertise in conversational AI and ambient intelligence with Microsoft's robust capabilities, the acquisition aims to empower organizations across various sectors to accelerate their business objectives through cloud-based solutions enriched with vertically optimized AI, thereby enhancing security measures. Nuance Communications Inc., a US-based pioneer in computer software technology, specializes in providing conversational artificial intelligence solutions, particularly in the realm of public security and safety, making it a valuable addition to Microsoft's portfolio.
Major companies operating in the ai for public security and safety market report are Microsoft Corporation, Dell Technologies Inc., Hitachi Ltd., IBM Corporation, Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., Telefonaktiebolaget LM Ericsson, NVIDIA Corporation, BAE Systems plc, Thales SA, Atos SE, Motorola Solutions Inc., Hexagon AB, Elbit Systems Ltd., Tata Communications Limited, Milestone Systems A/S, Palantir Technologies Inc., Axis Communication AB, Ainsworth Game Technology Limited, Alcatel Lucent Enterprise SA, Verient Systems Inc., NEC Corporation, Veritone Inc., Genetec Inc., Intelli-Vision Technologies Corporation, Voyager Labs Ltd., Quanergy Systems Inc., XenonStack Pvt. Ltd., Agent Video Intelligence Ltd.
North America was the largest region in the AI for public security and safety market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ai for public security and safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the ai for public security and safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
AI for public security and safety involves the application of artificial intelligence (AI) technologies and techniques to enhance and optimize various aspects of public security and safety measures. The primary objective is to leverage advanced computing capabilities to improve the effectiveness, efficiency, and responsiveness of systems and processes designed to safeguard the well-being of individuals and communities.
The main components of AI for public security and safety are solutions and services. A solution refers to an integrated system or software application that utilizes AI technologies to address and enhance various aspects of public security and safety measures. These solutions may have deployment modes such as on-premises and cloud-based, and they are applied in areas such as preventative policing, criminal investigation, combating terrorism, emergency response, disaster management, and other applications. The end-users of AI for public security and safety solutions include law enforcement agencies, federal intelligence and security agencies, and other relevant entities.
The AI for public security and safety market research report is one of a series of new reports that provides AI for public security and safety market statistics, including AI for public security and safety industry global market size, regional shares, competitors with AI for public security and safety market share, detailed AI for public security and safety market segments, market trends, and opportunities, and any further data you may need to thrive in the AI for public security and safety industry. This AI for public security and safety market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The AI for the public security and safety market includes revenues earned by entities by providing services such as preventative policing, criminal investigation, combating terrorism, emergency response, and disaster management. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI for public security and safety market also includes sales of surveillance cameras, LiDAR sensors, acoustic sensors, and environmental sensors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. AI For Public Security And Safety Market Characteristics3. AI For Public Security And Safety Market Trends And Strategies32. Global AI For Public Security And Safety Market Competitive Benchmarking33. Global AI For Public Security And Safety Market Competitive Dashboard34. Key Mergers And Acquisitions In The AI For Public Security And Safety Market
4. AI For Public Security And Safety Market - Macro Economic Scenario
5. Global AI For Public Security And Safety Market Size and Growth
6. AI For Public Security And Safety Market Segmentation
7. AI For Public Security And Safety Market Regional And Country Analysis
8. Asia-Pacific AI For Public Security And Safety Market
9. China AI For Public Security And Safety Market
10. India AI For Public Security And Safety Market
11. Japan AI For Public Security And Safety Market
12. Australia AI For Public Security And Safety Market
13. Indonesia AI For Public Security And Safety Market
14. South Korea AI For Public Security And Safety Market
15. Western Europe AI For Public Security And Safety Market
16. UK AI For Public Security And Safety Market
17. Germany AI For Public Security And Safety Market
18. France AI For Public Security And Safety Market
19. Italy AI For Public Security And Safety Market
20. Spain AI For Public Security And Safety Market
21. Eastern Europe AI For Public Security And Safety Market
22. Russia AI For Public Security And Safety Market
23. North America AI For Public Security And Safety Market
24. USA AI For Public Security And Safety Market
25. Canada AI For Public Security And Safety Market
26. South America AI For Public Security And Safety Market
27. Brazil AI For Public Security And Safety Market
28. Middle East AI For Public Security And Safety Market
29. Africa AI For Public Security And Safety Market
30. AI For Public Security And Safety Market Competitive Landscape And Company Profiles
31. AI For Public Security And Safety Market Other Major And Innovative Companies
35. AI For Public Security And Safety Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
AI For Public Security And Safety Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on AI for public security and safety market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for AI for public security and safety? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The AI for public security and safety market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Component: Solution; Services2) By Deployment Model: On- Premises; Cloud - Based
3) By Application: Preventative Policing; Criminal Investigation; Combating Terrorism; Emergence Response; Disaster Management; Other Applications.
4) By End User: Law Enforcement Agencies; Federal Intelligence And Security; Other End Users
Key Companies Mentioned: Microsoft Corporation; Dell Technologies Inc.; Hitachi Ltd.; IBM Corporation; Cisco Systems Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Microsoft Corporation
- Dell Technologies Inc.
- Hitachi Ltd.
- IBM Corporation
- Cisco Systems Inc.
- Oracle Corporation
- Honeywell International Inc.
- Telefonaktiebolaget LM Ericsson
- NVIDIA Corporation
- BAE Systems plc
- Thales SA
- Atos SE
- Motorola Solutions Inc.
- Hexagon AB
- Elbit Systems Ltd.
- Tata Communications Limited
- Milestone Systems A/S
- Palantir Technologies Inc.
- Axis Communication AB
- Ainsworth Game Technology Limited
- Alcatel Lucent Enterprise SA
- Verient Systems Inc.
- NEC Corporation
- Veritone Inc.
- Genetec Inc.
- Intelli-Vision Technologies Corporation
- Voyager Labs Ltd.
- Quanergy Systems Inc.
- XenonStack Pvt. Ltd.
- Agent Video Intelligence Ltd.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 16.45 Billion |
Forecasted Market Value ( USD | $ 46.52 Billion |
Compound Annual Growth Rate | 29.7% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |