What are the Historical Developments and Current Growth Metrics of the AI For Public Security And Safety Market?
The ai for public security and safety market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size for AI in public security and safety has seen exponential growth. It is projected to expand from $16.45 billion in 2024 to $21.33 billion in 2025, signifying a compound annual growth rate (CAGR) of 29.7%.
The historical growth trajectory is a function of factors such as greater accessibility to data, the integration of video analytics, escalating worries about terrorist activities, urbanization and the advent of smart cities, along with heightened threats to cybersecurity.
What is the Forecasted Market Size and CAGR for the AI For Public Security And Safety Market?
The ai for public security and safety market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of AI for public security and safety is predicted to undergo substantial expansion in the upcoming years, reaching $60.49 billion by 2029, with a compound annual growth rate (CAGR) of 29.8%.
This projected growth within the forecast period can be credited to factors such as augmented use of drones and robotics, an escalated focus on predictive policing, implementing AI in crisis communication frameworks, worldwide measures to combat cybersecurity issues, and the application of explainable AI (XAI). The forecast period will also witness trends such as the ethical and responsible deployment of AI, AI-driven virtual assistance for emergency handling, tailor-made AI solutions for smart cities, application of AI in wearable tech, and the ability of different AI systems to work together.
Which Drivers Are Accelerating Growth In The AI For Public Security And Safety Market?
The rise in security threats is projected to fuel the expansion of AI in the public security and safety market. These security threats, which can jeopardize the privacy, validity, or accessibility of data, systems, and resources, necessitate the use of AI in public security and safety. AI facilitates swift analysis of vast data volumes, pattern recognition, and enhancement of surveillance, threat recognition, and response systems, thereby strengthening the adaptability of security systems to ever-changing threats and ensuring community protection. For instance, AAG IT Services, a UK-based company offering cloud technology solutions, reported in January 2024 that global cyberattacks surged by 38% in 2022 relative to 2021, with data breaches costing businesses an average of $4.35 million in 2022, an increase from $4.24 million in 2021. Consequently, the escalating security threats are accelerating the development of AI in the public security and safety market.
What Are The Market Segments In The AI For Public Security And Safety Market?
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
Subsegments:
1) By Solution: Surveillance And Monitoring Systems, Predictive Analytics Tools, Incident Detection And Response Systems, Threat Assessment And Management Software
2) By Services: Consulting And Advisory Services, Integration And Deployment Services, Training And Support Services, Maintenance And Updates Services
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What Trends Are Shaping The AI For Public Security And Safety Market?
Leading corporations in the AI for public security and safety market are advancing their offerings by incorporating purpose-designed stacks for AI-powered applications like GenAI in EVSec. This aims to revolutionize product and system design for heightened safety measures. Generative AI (GenAI) represents the application of artificial intelligence to generate new content such as text, images, or code using existing data. For example, C2A Security, a security firm based in Israel, unveiled its Generative AI Integration product in August 2023. GenAI in EVSec augments threat identification and training ability as well as facilitates adaptive reactions, thus promoting more competent and effective public safety and security protocols. It also empowers developers, security engineers, and product leaders to augment production workflows, identify inefficiencies, automate security standards, and assign priority to security vulnerabilities.
Who Are the Key Players In The AI For Public Security And Safety Market?
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.
What Are The Regional Insights Into The AI For Public Security And Safety Market?
North America was the largest region in the AI for public security and safety market in 2024. 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.
