Press release
AI For Public Security And Safety Market Anticipated To Witness Robust Growth, Surpassing $60.49 Billion By 2029
The AI For Public Security And Safety Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current AI For Public Security And Safety Market Size and Its Estimated Growth Rate?
The market size of AI for public security and safety has seen explosive growth in recent years. The market is projected to rise from $16.45 billion in 2024 to $21.33 billion in 2025, indicating a compound annual growth rate (CAGR) of 29.7%. Factors such as the surge in data accessibility, incorporation of video analytics, growing concerns over terrorism, urban growth and smart city programs, coupled with a rise in cybersecurity threats have all contributed to the significant growth during the historic period.
The market size for AI in public safety and security is projected to increase significantly in the coming years, reaching $60.49 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 29.8%. The anticipated growth during this period may be due to the rising use of drones and robotics, a heightened focus on predictive policing, the integration of AI in emergency communication systems, global actions against cybersecurity threats, and the use of explainable AI (XAI). Key trends predicted for this period involve ethical AI and responsible deployment, AI-enhanced virtual assistants for emergency response, bespoke AI solutions for intelligent cities, AI incorporation in wearable gadgets, and AI system interoperability.
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How Are Emerging Segments Shaping the AI For Public Security And Safety Market Landscape?
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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Which Growth Factors Are Influencing AI For Public Security And Safety Market Expansion?
The rise in security threats is anticipated to boost the development of AI within the sphere of public safety and security. Such threats, which can endanger the privacy, integrity, and accessibility of data, systems, and resources, are increasingly turning to AI for swift analysis of large data volumes, identification of trends, and enhancement of surveillance, threat detection, and response strategies, subsequently magnifying the ability of security systems to adapt to emerging threats and safeguard communities. For example, AAG IT Services, a British firm offering cloud technology solutions, stated in January 2024 that global cyberattacks increased by 38% in 2022 when compared with 2021. In 2022, the average cost of data breaches to businesses rose to $4.35 million, a significant increase from $4.24 million in the previous year. Therefore, the swelling rise of security threats is fuelling the expansion of AI in the public security and safety arena.
Who Are the Dominant Players Across Different AI For Public Security And Safety Market Segments?
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 Latest Developing Trends in the AI For Public Security And Safety Market?
Key players in the AI for public security and safety market are advancing their offerings by incorporating purpose-built stacks for AI-enabled applications including GenAI in EVSec, in order to offer enhanced security solutions. Generative AI (GenAI) denotes the application of AI to generate new content like text, images, or code, utilizing existing data. An example of this was seen in August 2023, when Israel-based firm, C2A Security, introduced its Generative AI Integration product. EVSec's GenAI enhances threat identification and training abilities while facilitating adaptive responses which bolster the efficacy and efficiency of public security and safety protocols. Moreover, it provides opportunities for developers, security engineers, and product leaders to refine production procedures, identify inefficiencies, implement automated security checks, and prioritize reaction to susceptibilities.
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Which Geographic Regions Are Expected to Dominate the AI For Public Security And Safety Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the AI For Public Security And Safety Market?
2. What is the CAGR expected in the AI For Public Security And Safety Market?
3. What Are the Key Innovations Transforming the AI For Public Security And Safety Industry?
4. Which Region Is Leading the AI For Public Security And Safety Market?
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