Global Public Safety Solution for Smart City Market Overview
Public Safety Solution for Smart City market was valued at USD 642.65 billion in 2023 and is expected to reach USD 2603.93 billion by the year 2032, at a CAGR of 16.82%.
According to the analyst, Public Safety Solution for Smart City market is expected to show high demand and growth in CAGR because of the high growth in the population in developing countries like India, China, and Japan. Due to the high growth in population, the government is focusing on developing smart cities making an increased and fast-paced growth for the Public Safety Solution for Smart City market.
Due to the third world issues and the fast-paced technological growth in developing countries the market for public safety solutions for smart city is expected to increase in the forecast period. The high demand for intelligence agencies and disaster management is expected to lead Public Safety Solution for Smart City market in the forecast period. Regions like Asia-Pacific, MEA, and North-America are leading the market due to the onset of developing new smart cities which develops fragmented data in large values that increase the sales of the public safety solution market.
By the end of 2027, the Public Safety Solution for Smart City market size is estimated to be at USD 1179.49 billion due to the need in Law enforcement and Intelligence agencies.
Public Safety Solution for Smart City market is growing at a robust pace due to the industry overview and Public Safety Solution for Smart City market size in regions like Asia-Pacific and North-America. The Public Safety Solution for Smart City market is segmented by solution, services, and application type, and regional market size according to the analyst of Introspective market research.
Key market players and competitors are focusing on various strategic activities involving research and development to explore the applications of Public Safety Solution for Smart City market. Mergers and acquisitions, facility expansions, and related investments are expected to be the most researched and invested type for end-user industries like Business Intelligence, healthcare, defence, and wholesale market for the products.
Market Trend Analysis :
Advancements in Smart Infrastructure Development
The Public Safety Solution for Smart City Market is experiencing significant growth, driven by several key factors. One of the primary drivers is the increasing demand for public safety and the continuous advancements in infrastructure. As urbanization and globalization increase, cities face growing challenges in maintaining security for their expanding populations. The rapid development of infrastructure is enabling the integration of smart technologies, enhancing the efficiency and effectiveness of public safety solutions.
The lack of skilled security personnel poses a challenge in ensuring public safety across urban environments. As a result, cities are turning to advanced technologies, such as surveillance systems, IoT devices, and AI-based solutions, to bridge the gap and reduce the reliance on human intervention. These solutions enable cities to proactively monitor and address security threats, reducing the burden on an already strained workforce.
The rising rates of crime worldwide are compelling cities to adopt smarter public safety systems. The increased frequency of cyber threats, natural disasters, and civil unrest requires more robust and adaptable security measures. These concerns drive the demand for innovative public safety solutions, contributing to the overall growth of the smart city market. As cities continue to evolve, the need for enhanced public safety solutions will only continue to escalate, fueling market expansion.
Enhanced Public Security in Eco-Friendly Urban Environments
The growing environmental concerns and the increasing demand for green innovations are significant driving forces behind the opportunities in the Public Safety Solutions for Smart City Market. As urban areas are responsible for a substantial portion of global energy consumption and carbon emissions, addressing these challenges is crucial to ensuring public safety and reducing environmental harm. The unchecked release of greenhouse gases (GHG) contributes to global warming and ozone depletion, directly impacting both the environment and the quality of life for urban residents.
These environmental challenges present an opportunity to develop smart cities that not only prioritize sustainability but also enhance public security and safety. The adoption of smart city solutions, such as energy-efficient infrastructure, renewable energy sources, and advanced public safety technologies, can significantly reduce carbon emissions and minimize energy wastage. These solutions integrate technologies such as intelligent traffic management, surveillance systems, and emergency response systems, ensuring a safer and more environmentally friendly urban environment.
Smart cities offer the potential for improved disaster management, early warning systems for natural hazards, and optimized resource management, leading to reduced environmental impact and enhanced public safety. With increasing awareness of climate change and urban sustainability, the demand for such solutions is expected to rise, opening significant growth prospects for businesses offering public safety technologies and services tailored for smart cities.
Impact of COVID-19 on Public Safety Solution for Smart City Market
Public Safety Solution for Smart City report covers the Impact of COVID-19 on Public Safety Solutions for the Smart City market. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe. The global impact of COVID-19 has hit every market and industry and has also affected the Public Safety Solution for the Smart City market in 2020.
Due to COVID-19, Public Safety Solution for Smart City market size and the value of the Public Safety Solution for Smart City market have been increased a bit due to the government ban and the quarantine observed all around the globe. The Intelligence agencies and security industry has gained a marginal increase due to the high demand of the safety measures in the public and government sector.
Due to the high demand in the business industry and technical MNC’s for medical emergencies and the defence public security Public Safety Solution for Smart City market has been leveraged because the corporate now focused on the security and safety of the large database in their system. Large Enterprises has raised Public Safety Solution for Smart City market, especially in the critical infrastructure facility.
Market Segmentation
In Solution Type,
Emergency and Disaster Management and Surveillance system are dominating Public Safety Solution for Smart City due to the need in the multinational companies for the security of the database generated in their system. Also, the government and public sector are more focused on the public alarms and the security in the pandemic which has impacted the growth of the public safety solution market.
In Application Type,
Public Transportation Security and Intelligent Agencies are expected to dominate the market with a CAGR of 16.92% and 16.45% respectively.
Competitive Landscape:
Public Safety Solution for Smart City market is advancing as the need for the end-user industries is increasing over the years. Public Safety Solution for Smart City market is consolidated and Public Safety Solution for Smart City market share and revenue is distributed among the major key players for the forecast period. The industries offer products for specific end-usage applications and the product type. With the increase in demand, the new product development, merger & acquisitions, and research & development strategies are expected to have high growth potential in the global Public Safety Solution for Smart City market during the forecast period.
Major Key Players Considered in the Market
- Cisco systems
- NEC Corporation
- Thales Corporation
- International Business Machine Corporation
- Honeywell International
- Huawei Technologies
- Northrop German Corporation
- Alcatel-Lucent, Harris Corporation
- Motorola Solutions and other major players.
Salient Features of the Public Safety Solution for Smart City Market
Global Public Safety Solution for Smart City market was valued at USD 473.10 billion in 2021 and is expected to reach USD 1382.10 billion by the year 2028, at a CAGR of 16.55%.
- The growing demand for the safety of huge databases in the multinational and the corporate is the growing need for the Public Safety Solution for Smart City market.
- Additionally, Public Safety Solution for Smart City market share and revenue owing to the growing need and consumption in the firefighting and law enforcement industry has given a robust growth for the market size.
- In the solution type segment, the System emergency and disaster management segment is accounted to have the largest Public Safety Solution for Smart City market share in 2019 for public and government confidential data due to the increasing market size for the corporate.
- Professional services for Public Safety Solution for Smart City market have also emerged as the fastest-growing segment for the Public Safety Solution for Smart City market due to the businesses expecting more optimized and secured data for the growing multinationals in the Public Safety Solution for Smart City.
- China and India have emerged as a major consumer and producer of Public Safety Solution for Smart City and houses the largest service provider region. But after the COVID-19 pandemic, the companies have been affected by the Public Safety Solution for Smart City market due to the delay in services in all the industrial companies.
- The growth in the end-user industries and the high demand in the telecom industry are expected to lead Public Safety Solution for Smart City market in the forecast period.
- North-America is the fastest emerging region due to the robust growth of the IT industry in the region.
Key Industry Development in the Public Safety Solution for Smart City Market:
- In July 2023, Videonetics unveiled its cutting-edge AI-powered Unified Video Management Platform at Secutech Vietnam 2023, targeting the Southeast Asia market. The platform, designed to support the vision of a safe and smart city, equipped multiple agencies with advanced tools to address real-world challenges, extending beyond traditional security monitoring. This innovative solution showcased Videonetics' commitment to enhancing city management and public safety with smart, integrated technology.
- In March 2023, Business Technologies (IBTech) and Software AG have announced their successful partnership to develop mission-critical public safety systems across the MEA region. This collaboration follows their successful involvement in a prominent megacity project in Saudi Arabia, where both companies worked together to enhance the region’s public safety infrastructure. The partnership aims to deliver cutting-edge solutions to support the evolving needs of public safety in the region.
Global Public Safety Solution for Smart City Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 642.65 Bn. |
Forecast Period 2022-28 CAGR: |
16.82% |
Market Size in 2032: |
USD 2603.93 Bn. |
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By Solutions |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Solutions
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Public Safety Solution for Smart City Market by Solutions
5.1 Public Safety Solution for Smart City Market Overview Snapshot and Growth Engine
5.2 Public Safety Solution for Smart City Market Overview
5.3 Critical Communication Network
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Critical Communication Network: Grographic Segmentation
5.4 Biometric Security & Authentication System
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Biometric Security & Authentication System: Grographic Segmentation
5.5 Emergency & Disaster Management
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Emergency & Disaster Management: Grographic Segmentation
5.6 Backup & Recovery System
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Backup & Recovery System: Grographic Segmentation
5.7 Public Address & General Alarm
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Public Address & General Alarm: Grographic Segmentation
5.8 Surveillance System
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Surveillance System: Grographic Segmentation
Chapter 6: Public Safety Solution for Smart City Market by Application
6.1 Public Safety Solution for Smart City Market Overview Snapshot and Growth Engine
6.2 Public Safety Solution for Smart City Market Overview
6.3 Public Transportation Security
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Public Transportation Security: Grographic Segmentation
6.4 Critical Infrastructure Security
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Critical Infrastructure Security: Grographic Segmentation
6.5 Disaster Management
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Disaster Management: Grographic Segmentation
6.6 Medical Emergency Service
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2017-2032F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Medical Emergency Service: Grographic Segmentation
6.7 Firefighting Services
6.7.1 Introduction and Market Overview
6.7.2 Historic and Forecasted Market Size (2017-2032F)
6.7.3 Key Market Trends, Growth Factors and Opportunities
6.7.4 Firefighting Services: Grographic Segmentation
6.8 Law Enforcement
6.8.1 Introduction and Market Overview
6.8.2 Historic and Forecasted Market Size (2017-2032F)
6.8.3 Key Market Trends, Growth Factors and Opportunities
6.8.4 Law Enforcement: Grographic Segmentation
6.9 Intelligent Agencies
6.9.1 Introduction and Market Overview
6.9.2 Historic and Forecasted Market Size (2017-2032F)
6.9.3 Key Market Trends, Growth Factors and Opportunities
6.9.4 Intelligent Agencies: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Public Safety Solution for Smart City Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Public Safety Solution for Smart City Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Public Safety Solution for Smart City Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 CISCO SYSTEMS
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 NEC CORPORATION
7.4 THALES CORPORATION
7.5 INTERNATIONAL BUSINESS MACHINE CORPORATION
7.6 HONEYWELL INTERNATIONAL
7.7 HUAWEI TECHNOLOGIES
7.8 NORTHROP GERMAN CORPORATION
7.9 ALCATEL-LUCENT
7.10 HARRIS CORPORATION
7.11 MOTOROLA SOLUTIONS
7.12 OTHER MAJOR PLAYERS
Chapter 8: Global Public Safety Solution for Smart City Market Analysis, Insights and Forecast, 2017-2032
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Solutions
8.2.1 Critical Communication Network
8.2.2 Biometric Security & Authentication System
8.2.3 Emergency & Disaster Management
8.2.4 Backup & Recovery System
8.2.5 Public Address & General Alarm
8.2.6 Surveillance System
8.3 Historic and Forecasted Market Size By Application
8.3.1 Public Transportation Security
8.3.2 Critical Infrastructure Security
8.3.3 Disaster Management
8.3.4 Medical Emergency Service
8.3.5 Firefighting Services
8.3.6 Law Enforcement
8.3.7 Intelligent Agencies
Chapter 9: North America Public Safety Solution for Smart City Market Analysis, Insights and Forecast, 2017-2032
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Solutions
9.4.1 Critical Communication Network
9.4.2 Biometric Security & Authentication System
9.4.3 Emergency & Disaster Management
9.4.4 Backup & Recovery System
9.4.5 Public Address & General Alarm
9.4.6 Surveillance System
9.5 Historic and Forecasted Market Size By Application
9.5.1 Public Transportation Security
9.5.2 Critical Infrastructure Security
9.5.3 Disaster Management
9.5.4 Medical Emergency Service
9.5.5 Firefighting Services
9.5.6 Law Enforcement
9.5.7 Intelligent Agencies
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Public Safety Solution for Smart City Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Solutions
10.4.1 Critical Communication Network
10.4.2 Biometric Security & Authentication System
10.4.3 Emergency & Disaster Management
10.4.4 Backup & Recovery System
10.4.5 Public Address & General Alarm
10.4.6 Surveillance System
10.5 Historic and Forecasted Market Size By Application
10.5.1 Public Transportation Security
10.5.2 Critical Infrastructure Security
10.5.3 Disaster Management
10.5.4 Medical Emergency Service
10.5.5 Firefighting Services
10.5.6 Law Enforcement
10.5.7 Intelligent Agencies
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Public Safety Solution for Smart City Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Solutions
11.4.1 Critical Communication Network
11.4.2 Biometric Security & Authentication System
11.4.3 Emergency & Disaster Management
11.4.4 Backup & Recovery System
11.4.5 Public Address & General Alarm
11.4.6 Surveillance System
11.5 Historic and Forecasted Market Size By Application
11.5.1 Public Transportation Security
11.5.2 Critical Infrastructure Security
11.5.3 Disaster Management
11.5.4 Medical Emergency Service
11.5.5 Firefighting Services
11.5.6 Law Enforcement
11.5.7 Intelligent Agencies
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Public Safety Solution for Smart City Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Solutions
12.4.1 Critical Communication Network
12.4.2 Biometric Security & Authentication System
12.4.3 Emergency & Disaster Management
12.4.4 Backup & Recovery System
12.4.5 Public Address & General Alarm
12.4.6 Surveillance System
12.5 Historic and Forecasted Market Size By Application
12.5.1 Public Transportation Security
12.5.2 Critical Infrastructure Security
12.5.3 Disaster Management
12.5.4 Medical Emergency Service
12.5.5 Firefighting Services
12.5.6 Law Enforcement
12.5.7 Intelligent Agencies
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Public Safety Solution for Smart City Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Solutions
13.4.1 Critical Communication Network
13.4.2 Biometric Security & Authentication System
13.4.3 Emergency & Disaster Management
13.4.4 Backup & Recovery System
13.4.5 Public Address & General Alarm
13.4.6 Surveillance System
13.5 Historic and Forecasted Market Size By Application
13.5.1 Public Transportation Security
13.5.2 Critical Infrastructure Security
13.5.3 Disaster Management
13.5.4 Medical Emergency Service
13.5.5 Firefighting Services
13.5.6 Law Enforcement
13.5.7 Intelligent Agencies
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Public Safety Solution for Smart City Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 642.65 Bn. |
Forecast Period 2022-28 CAGR: |
16.82% |
Market Size in 2032: |
USD 2603.93 Bn. |
|
By Solutions |
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|
By Application |
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By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Public Safety Solution for Smart City Market research report is 2024-2032.
Cisco systems, NEC Corporation, Thales Corporation, IBM, Honeywell International, Huawei Technologies, and Other Major Players.
The Public Safety Solution for Smart City Market is segmented into Solutions, Application, and Region. By Solutions, the market is categorized into Critical Communication Network, Biometric Security & Authentication System, Emergency & Disaster Management, Backup & Recovery System, Public Address & General Alarm, and Surveillance System. By Application, the market is categorized into Public Transportation Security, Critical Infrastructure Security, Disaster Management, Medical Emergency Service, Firefighting Services, Law Enforcement, and Intelligent Agencies. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Safety and security are top priorities in any city, for elected authorities, public safety agencies, citizens, and travelers alike. Feeling safe and secure in a community is important for quality of life, which is why safety is one of the major metrics in almost every "Best Places to Live" survey. In fact, for many seniors, it is the most important factor in deciding where to retire. The growing development of IoT services has revolutionized the public safety solutions for smart city.
Public Safety Solution for Smart City market was valued at USD 642.65 billion in 2023 and is expected to reach USD 2603.93 billion by the year 2032, at a CAGR of 16.82%.