AI For Public Security And Safety Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And For

Posted by Amruta Pritam on May 9th, 2024

Overview and Scope

AI for public security and safety refers to the application of artificial intelligence (AI) technologies and techniques to enhance and optimize various aspects of public security and safety measures. The primary goal 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.

Sizing and Forecast

The AI for public security and safety market size has grown exponentially in recent years. It will grow from .62 billion in 2023 to .45 billion in 2024 at a compound annual growth rate (CAGR) of 30.3%.  The growth in the historic period can be attributed to increased data availability, integration of video analytics, rise in concerns about terrorism, urbanization and smart city initiatives, and increased cybersecurity threats.

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Segmentation & Regional Insights

The ai for public security and safety market covered in this report is segmented –

1) By Component: Solution, Services

2) 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

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.

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Major Driver Impacting Market Growth

Increasing security threats are expected to propel the growth of AI in the public security and safety market going forward. Security threats refer to potential dangers or risks that can compromise the confidentiality, integrity, or availability of information, systems, and resources. Security threats use AI for public security and safety to rapidly analyze vast amounts of data, identify patterns, and enhance the efficiency of surveillance, threat detection, and response mechanisms, ultimately augmenting the capabilities of security systems to adapt to evolving threats and protect communities. For instance, in January 2024, according to AAG IT Services, a UK-based information technology and services company that provides cloud technology solutions, global cyberattacks increased by 38% in 2022 compared to 2021, and in 2022, data breaches cost businesses an average of .35 million, up from .24 million in 2021. Therefore, increasing security threats are driving the growth of AI in the public security and safety market.

Key Industry Players

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.

The ai for public security and safety market report table of contents includes:

1. Executive Summary

2. Market Characteristics

3. Market Trends And Strategies

4. Impact Of COVID-19

5. Market Size And Growth

6. Segmentation

7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

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Amruta Pritam

About the Author

Amruta Pritam
Joined: September 20th, 2022
Articles Posted: 879

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