Public Safety and Security Market size is expected to grow from USD 277.0 billion in 2017 to USD 532.4 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. The major factors that are expected to be driving the public safety and security market are increasing smart city initiatives, growing trend of IoT in public safety, and rapidly increasing criminal activities and terrorist attacks.

The market growth is attributed to the rise in smart cities projects, criminal activities and terrorist attacks targeting enterprises. The emergence of big data analytics and AI innovations are seen as the uncharted opportunities for the growth of public safety and security market in the coming years. The enterprises can target regions such as APAC and MEA which will provide penultimate opportunities for the market.

By solution, the emergency and disaster management solution segment is expected to grow at the highest growth rate during the forecast period. The emergency and disaster management solution is expected to grow at the highest CAGR during the forecast period. The various emergency and disaster management solutions include geographic info systems, simulation systems, and surveillance systems. The demand for emergency and disaster management solution is expected to gain pace in the public safety and security market, due to high adoption by government and public safety agencies in case of natural disasters such as earthquakes, cyclones, and tsunami or any other emergency situations.

Public safety and security solutions have been deployed across verticals, including the homeland security, emergency services, critical infrastructure security, and transportation systems. The homeland security vertical is estimated to have the largest market size. Homeland security is one of the most vulnerable verticals. This vertical comprises defense, nuclear power plants, and government buildings. If terrorists target these departments, it can cause severe damage to the nation. Protecting the borders from the illegal movement of weapons, drugs, contrabands, and people, while promoting lawful entry and exit, is essential to homeland security, economic prosperity, and national sovereignty. The public safety and security solutions provided for homeland security have to prevent terrorist attacks on the homeland and provide resilience in case of an attack.

Driver: Smart city initiatives are expected to drive the public safety investments. Smart technologies are revolutionizing the structure of the cities. Smart technologies such as smart energy meters, security devices, smart appliances, and smart transportation are being used to develop many smart cities. While evolving into a smart environment, ensuring public safety and security is the key factor to gain consumers’ trust. Thus, integrating the right level of data and public safety solutions is very important. The governments are rapidly investing in various sectors, such as smart homes and buildings, smart communication, smart transportation, smart utilities, public safety, and connected cars. The integration of security technologies in the smart cities is expected to drive the growth of the public safety and security market. Restraint: High installation and maintenance costs for public safety and security systems. Public safety and security is of utmost priority to governments around the world for ensuring the public safety. The public safety and security systems include a huge set of hardware components along software solutions. The governments spend considerable resources on the installation of critical communication network, biometric security and authentication system, surveillance system, scanning and screening system, and emergency and disaster management systems. The government authorities and law enforcement bodies strive to promote safety, health, and welfare of the public. As the law enforcement agencies are confronting severe budget cuts and low funding, such high installation costs for the citizens’ safety systems may restrain the growth of the public safety and security market. Opportunity: Emergence of big data analytics in public safety and security. The phase of technology innovation is accelerating year over year. The connected devices are generating huge amounts of information more than ever before. This information can provide actionable insights to solve and prevent the critical infrastructures from crimes. The big data and data analytics technologies can yield valuable insights from the data available. Data generated from various security devices are first cleaned and managed in such a way that it would support pattern recognition and anomaly identification, which would help public safety organizations. Challenge: Lack of efficient storage and data management capacities Public safety and law enforcement agencies are incorporating various digital solutions, such as high-quality video surveillance, body-worn cameras, and in-car cameras to provide reliable evidence against the conviction of criminals. Agencies are incorporating cloud technologies for storage of huge amount of data as they are more cost effective for agencies and that might not be able to accommodate an on-premises software system. Therefore, storage of huge amount of data is the biggest challenge in front of public safety and security vendors.

Cisco (US), Ericsson (Sweden), General Dynamics (US), Harris Corporation (US), Hexagon (Sweden), Huawei (China), IBM (US), Motorola Solutions (US), NEC Corporation (Japan), and Esri (US). Huawei is one of the leading ICT solution providers. Huawei has a competitive ICT portfolio that provides end-to-end enterprise solutions. Huawei’s revenue is generated from 3 business units, which include the carrier business, consumer business, and enterprise business. The company excels in public and traffic safety systems. Huawei has a large clientele, which includes governments, SMEs, and large enterprises across the globe. The company receives its revenue by offering products, systems, and services, including physical security, video surveillance, and communication products and solutions. The major portion of its revenue comes from APAC, as more than 45% of the revenue is directed from China.