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Global Public Safety Analytics Market Overview
The Global Public Safety Analytics Market size is estimated to reach $14.9 billion by 2026, expanding at a CAGR of 19.3% over the forecast period of 2021-2026. Public Safety Analytics is a comprehensive solution with various features for public safety professionals. Citizen Connect, Law Enforcement Explorer, and Law Enforcement Analytics are the three components of the package. The purpose of the public safety industry is to offer services and products that protect people and property. Protective service jobs employ more than 3.4 million individuals in the United States. Government agencies and commercial agencies are the two main components of the business.
Impact of COVID-19 on Public Safety Analytics Market:
Given the importance of first responders' and public servants' jobs, they are on the front lines of a historic public health catastrophe. The COVID-19 epidemic drew much attention to public safety. As a result, multiple agencies have been seen taking calls over the phone to safeguard first responders. On the other hand, agencies have worked to keep workers productive while many are quarantined at home, and cops are protected from handling tainted evidence.
Key Takeaways from Global Public Safety Analytics Market Report:
By Component, the market for Solution to grow at the highest CAGR during the forecast period
By Components, Public Safety Analytics Market is segmented into Solutions and Services. These tools are intended to help you detect, avoid, respond to, and prepare for an emergency. In 2020, the identity analytics solutions sector was predicted to lead the public safety analytics market, accounting for the prevalence of the market share. The social media analytics solutions category is expected to significantly reshape the market, with a CAGR of 20.9 percent. The quick adoption of social media analytics solutions among organizations to protect residents from crises such as fire, overcrowding, criminal activities, and natural catastrophes might be ascribed to the growth in social media analytics platforms throughout the projection period.
North America to account for the largest market share during the forecast period.
North America held the largest share of the Public Safety Analytics Market in 2020, with a global market share of 35.9%. This is mainly due to the region's robust presence of public safety security solution providers, who supply these services to various public safety organizations. However, Asia Pacific is the fastest-growing CAGR over the forecast period 2021-2026. The public safety analytics market in APAC has grown due to strong economic growth in developing nations and improvements in regulatory reforms and financial stability.
Market Dynamics
Driver: Increasing investments for Smart City initiatives are driving the Public Safety Analytics Market.
The internet of things (IoT) and the technology that makes it possible can assist governments in being more responsive to the requirements of their citizens, enterprises, and tourists. Cities are becoming more intelligent due to the deliberate use of the internet, technology, data, and sensors. Security technologies early in use can be leveraged to provide information that can enhance the use of resources — making things more efficient, upgrading economic development, attracting investments, and increasing public safety. From planning light traffic patterns to accommodate a traffic surge to scheduling staff to pick up trash after an event, security technologies previously in use can be leveraged to provide statistics that can increase the use of resources — making things more efficient, building up economic development, attracting investments, and increasing public safety.
Challenge: Issues in Adopting Public Safety Analytics Services are restraining the market growth.
Public safety authorities must enforce laws in a completely new virtual environment. Cybercrime increasingly outnumbers physical crime, according to the National Crime Agency. In addition, when government organizations face financial shortages, residents are demanding faster, more personalized services. To ensure public safety, agencies must take a proactive approach, with data-driven insights playing a pivotal role. The massive quantity of data being created today may be utilized to assist forecast and prevent criminal conduct if properly harnessed while incorporating digital technology into services can save money and add value to the public.
Key Players
Pivotal Players in the Global Public Safety Analytics Market consist of Hexagon, IBM, Cisco, NEC, SAP, Esri, SAS, Nice Systems, Splunk, Verint Systems, and Others.
Developments
In May 2020, Honeywell launched a temperature monitoring system powered by artificial intelligence. Honeywell's ThermoRebellion temperature measuring system uses high-resolution thermal imaging cameras to enhance face temperature monitoring solutions and may be installed at factory entrances, airports, distribution centers, or commercial buildings. In addition, to monitor air quality, social distance, resident flow, cleanliness, and governance compliance, the Solution connects with the Honeywell Forge platform and Honeywell's Healthy Building Solutions.
Report Coverage and Scope
The report "Global Public Safety Analytics Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.
By Components
By Analytics Type
By Applications
By End-User
By Geography
Global Public Safety Analytics Market Growth, Trend and Forecast 2020-2028
Chapter 1 Public Safety Analytics Market Overview
1.1 Product Overview and Scope of Public Safety Analytics
1.2 Public Safety Analytics Market Segmentation by Type
1.2.1 Global Production Market Share of Public Safety Analytics by Type in 2019
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
1.3 Public Safety Analytics Market Segmentation by Application
1.3.1 Public Safety Analytics Consumption Market Share by Application in 2019
1.3.2 Application 1
1.3.3 Application 2
1.3.4 Application 3
1.4 Public Safety Analytics Market Segmentation by Regions
1.4.1 North America
1.4.2 China
1.4.3 Europe
1.4.4 Southeast Asia
1.4.5 Japan
1.4.6 India
1.5 Global Market Size (Value) of Public Safety Analytics (2014-2028)
Chapter 2 Global Economic Impact on Public Safety Analytics Industry
2.1 Global Macroeconomic Environment Analysis
2.1.1 Global Macroeconomic Analysis
2.1.2 Global Macroeconomic Environment Development Trend
2.2 Global Macroeconomic Environment Analysis by Regions
Chapter 3 Global Public Safety Analytics Market Competition by Manufacturers
3.1 Global Public Safety Analytics Production and Share by Manufacturers (2019 and 2019)
3.2 Global Public Safety Analytics Revenue and Share by Manufacturers (2019 and 2019)
3.3 Global Public Safety Analytics Average Price by Manufacturers (2019 and 2019)
3.4 Manufacturers Public Safety Analytics Manufacturing Base Distribution, Production Area and Product Type
3.5 Public Safety Analytics Market Competitive Situation and Trends
3.5.1 Public Safety Analytics Market Concentration Rate
3.5.2 Public Safety Analytics Market Share of Top 3 and Top 5 Manufacturers
3.5.3 Mergers & Acquisitions, Expansion
Chapter 4 Global Public Safety Analytics Production, Revenue (Value) by Region (2014-2020)
4.1 Global Public Safety Analytics Production by Region (2014-2020)
4.2 Global Public Safety Analytics Production Market Share by Region (2014-2020)
4.3 Global Public Safety Analytics Revenue (Value) and Market Share by Region (2014-2020)
4.4 Global Public Safety Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.5 North America Public Safety Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.6 Europe Public Safety Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.7 China Public Safety Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.8 Japan Public Safety Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.9 Southeast Asia Public Safety Analytics Production, Revenue, Price and Gross Margin (2014-2020)
4.10 India Public Safety Analytics Production, Revenue, Price and Gross Margin (2014-2020)
Chapter 5 Global Public Safety Analytics Supply (Production), Consumption, Export, Import by Regions (2014-2020)
5.1 Global Public Safety Analytics Consumption by Regions (2014-2020)
5.2 North America Public Safety Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.3 Europe Public Safety Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.4 China Public Safety Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.5 Japan Public Safety Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.6 Southeast Asia Public Safety Analytics Production, Consumption, Export, Import by Regions (2014-2020)
5.7 India Public Safety Analytics Production, Consumption, Export, Import by Regions (2014-2020)
Chapter 6 Global Public Safety Analytics Production, Revenue (Value), Price Trend by Type
6.1 Global Public Safety Analytics Production and Market Share by Type (2014-2020)
6.2 Global Public Safety Analytics Revenue and Market Share by Type (2014-2020)
6.3 Global Public Safety Analytics Price by Type (2014-2020)
6.4 Global Public Safety Analytics Production Growth by Type (2014-2020)
Chapter 7 Global Public Safety Analytics Market Analysis by Application
7.1 Global Public Safety Analytics Consumption and Market Share by Application (2014-2020)
7.2 Global Public Safety Analytics Consumption Growth Rate by Application (2014-2020)
7.3 Market Drivers and Opportunities
7.3.1 Potential Applications
7.3.2 Emerging Markets/Countries
Chapter 8 Public Safety Analytics Manufacturing Cost Analysis
8.1 Public Safety Analytics Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Price Trend of Key Raw Materials
8.1.3 Key Suppliers of Raw Materials
8.1.4 Market Concentration Rate of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.3 Manufacturing Process Analysis of Public Safety Analytics
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
9.1 Public Safety Analytics Industrial Chain Analysis
9.2 Upstream Raw Materials Sourcing
9.3 Raw Materials Sources of Public Safety Analytics Major Manufacturers in 2019
9.4 Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
10.1 Marketing Channel
10.1.1 Direct Marketing
10.1.2 Indirect Marketing
10.1.3 Marketing Channel Development Trend
10.2 Market Positioning
10.2.1 Pricing Strategy
10.2.2 Brand Strategy
10.2.3 Target Client
10.3 Distributors/Traders List
Chapter 11 Market Effect Factors Analysis
11.1 Technology Progress/Risk
11.1.1 Substitutes Threat
11.1.2 Technology Progress in Related Industry
11.2 Consumer Needs/Customer Preference Change
11.3 Economic/Political Environmental Change
Chapter 12 Global Public Safety Analytics Market Forecast (2020-2028)
12.1 Global Public Safety Analytics Production, Revenue Forecast (2020-2028)
12.2 Global Public Safety Analytics Production, Consumption Forecast by Regions (2020-2028)
12.3 Global Public Safety Analytics Production Forecast by Type (2020-2028)
12.4 Global Public Safety Analytics Consumption Forecast by Application (2020-2028)
12.5 Public Safety Analytics Price Forecast (2020-2028)
Chapter 13 Appendix
Published On:May 2022
Base Year:2021
Historical Data:2018 - 2020
No of Pages:250
Public Safety Analytics Market Size, Share & Trend...
RD Code : IT22