April 15, 2024

Integration of cloud computing and big data analytics creates lucrative growth opportunities

DUBLIN, January 19, 2024 /PRNewswire/ — The “Public Safety Market by Offering, Technology, Application, End-Use and Geography: Global Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

The study highlights the latest market trends, development actions and forecasts, projecting a substantial increase in the global market size of $217.9 billion in 2023 to $461.8 billion by 2030, at a CAGR of 11.3%.

Public safety encompasses the crucial deployment of devices, software, and services intended to protect the public, infrastructure, and other vital areas from potential security threats. The growth trajectory of this market is driven by the increased use of AI, ML and analytics within the sector; increased public safety initiatives; and government efforts to mitigate risks associated with expanding urban populations.

Despite optimism about growth, the market faces challenges, such as the significant upfront investments required and complexities in deploying advanced systems. However, opportunities abound with the integration of cloud computing and big data analytics, and the upward trend in terrorism and security breaches.

Market dynamics and segment analysis

  • Offering: Within the market segmentation, security services are projected to record the fastest growth, driven by demand for specialized solutions to security challenges.
  • Technology: The Internet of Things (IoT) segment is expected to experience the highest CAGR, due to the increased need for real-time information and situational awareness.
  • Application: Security and incident management lead in terms of rapid growth, reflecting the urgency to respond effectively to emergencies and the rise of smart city integrations.
  • End use: The hospitals and healthcare segment is expected to see the highest growth rate as the sector increasingly adopts security devices to protect both people and sensitive data.
  • Geography: Europe emerging as the most dynamic regional market, with the highest growth rates expected as countries are investing significantly to counter terrorism, cyber threats and crime.

The market report is carefully segmented to reflect a broad spectrum of industry components, providing a comprehensive analysis of the competition and assessing market dynamics on a regional and global level. This foundation offers interested parties a panoramic view of the current panorama and future prospects.

Global industry leaders and innovations

Key industry players include prominent companies operating in different regions, contributing to technological advancements and innovative approaches to public safety and protection solutions. The broad range of offerings spans both products and services and addresses a wide range of applications, from threat detection to network security.

Emerging trends and market outlook

The report answers crucial questions about market drivers, challenges and strategies, highlighting key trends and identifying high-growth countries. It provides insight into the competitive strategies of local and regional players, underscoring the need for industry stakeholders to remain vigilant in a dynamically evolving market landscape.

Key questions answered in the report:

  • What are the high growth market segments in terms of process, application and geography?
  • What is the historical size of the public safety and security market worldwide?
  • What are the market forecasts and estimates for the period 2023-2030?
  • What are the key drivers, restraints, opportunities and challenges in the global public safety market?
  • Who are the main market players and what are their market shares?
  • What is the competitive landscape like for the global public safety market?
  • What are the recent developments in the global public safety and security market?
  • What are the different strategies adopted by the major market players?
  • What are the key geographic trends and which are the high-growth countries?
  • Who are the emerging local players in the global public safety and security market and how do they compete with other players?

Market outlook

Factors affecting market growth

  • Increasing use of AI, machine learning and analytics to improve public safety
  • Increased awareness and training initiatives for public safety and security supporting market growth
  • The government’s focus on managing the needs of the growing urban population by driving the adoption of public safety products
  • Significant upfront investment requirements hamper implementation of public safety solutions
  • Integration of Cloud Computing and Big Data Analytics generating growth opportunities in the market
  • The increasing incidence of terrorism and security breaches drives the implementation of public security systems
  • Implementation Complexities Impacting the Adoption of Advanced Public Safety Systems
  • Rising cases of data theft hamper market growth

Case studies

  • Case Study A: CP Plus International provided security solutions to public schools in Delhi (India) for monitoring school premises
  • Case Study B: Surveillance products installed by CP Plus International at Crowne Plaza hotel in Greater Noida (India) to ensure customer safety

Company profiles

Key market players (business overview, financial overview, product portfolio and strategic developments)

  • Hexagon AB
  • Fujitsu Ltd.
  • Robert Bosch GmbH
  • Atos SE
  • Cisco Systems, Inc.
  • Intel Corporation
  • Siemens AG
  • Fotokite AG
  • Saab AB
  • Airbus SE

Other market players (business overview and product portfolio)

  • CityShob
  • 3xLogic
  • L3Harris Technologies, Inc.
  • OnResolve
  • haystax

Scope of the report

Public Security and Surveillance Market, by Offer

  • Security services
  • Managed services
  • Disaster management services
  • Critical infrastructure security services
  • emergency medical services
  • Firefighting services
  • Other managed services
  • Professional services
  • Safety devices
  • surveillance cameras
  • Sensors
  • Radar
  • LiDAR
  • Geodetic sensors
  • Geotechnical and environmental sensors.
  • Other sensors
  • Biometric and authentication devices
  • Security alarms
  • Intrusion detection devices
  • Critical communication devices
  • Other safety devices
  • Security software
  • Geographic information systems
  • Access control software
  • Building management software
  • Vehicle recognition software
  • Behavior analysis software
  • Other security software

Public safety and protection market, by technology

  • Internet of Things
  • Cyber ​​security
  • Cloud Computing
  • Machine learning
  • Artificial intelligence
  • Other technologies

Public Safety and Security Market, by Application

  • Security and Incident Management
  • Threat detection
  • Fire and explosion examination
  • Network security
  • Supervision
  • Data collection
  • 3D mapping and imaging
  • Other apps

Public safety and security market, by end use

  • Transport
  • Roads
  • Railways
  • Air ways
  • Navigable waterways
  • Work places
  • Shopping malls and retail stores
  • Residential
  • Hospitals and healthcare
  • Warehouses and warehouses
  • Schools and universities
  • Other end uses

Public safety and security market, by geography

  • North America
  • US
  • Canada
  • Pacific Asia
  • Porcelain
  • Japan
  • India
  • South Korea
  • Taiwan
  • The rest of Pacific Asia
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • The rest of Europe
  • Latin America
  • middle East & Africa

For more information on this report, please visit https://www.researchandmarkets.com/r/4f988n

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