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AI For Public Security And Safety Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
AI For Public Security And Safety
How Large Will the AI For Public Security And Safety Market Size By 2025?
The market size of artificial intelligence (AI) for public security and safety has seen a massive expansion in past years. The market, valued at $16.45 billion in 2024, is expected to surge to $21.18 billion in 2025, registering a compound annual growth rate (CAGR) of 28.8%. The historical growth is fueled by factors such as a surge in data accessibility, the integration of video analytic technology, heightened worry over acts of terrorism, progress in urbanization and smart city projects, along with escalating threats to cybersecurity.
How Big Is the AI For Public Security And Safety Market Size Expected to Grow by 2029?
The market size for AI in public security and safety is poised for robust growth in the coming years. The market size is anticipated to inflate to $59.71 billion by 2029, growing at a compound annual growth rate (CAGR) of 29.6%. The growth during the forecast period is attributed to the increase in drone and robotic applications, the rising emphasis on predictive policing, the use of AI in emergency communication systems, international responses to cybersecurity threats, and the use of comprehensible AI (XAI). Ethical AI and its responsible deployment, AI-boosted emergency response via virtual assistants, custom-made AI solutions for smart cities, incorporating AI in wearable gadgets, and the matching of AI systems are amongst the major trends expected in the forecast period.
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Which Key Market Drivers Powering AI For Public Security And Safety Market Expansion and Growth?
The rise in security threats is predicted to fuel the expansion of AI in the public security and safety sector. Security threats, which encompass potential perils that may jeopardize the privacy, authenticity, or accessibility of information, systems, and resources, are utilizing AI for public safety and security to swiftly sift through massive pools of data, recognize patterns, and boost the effectiveness of observation, threat identification, and response methods, consequently enhancing the resilience of security infrastructures against emerging threats and safeguarding communities. For example, AAG IT Services, a UK-based IT and services company that offers cloud technology solutions, revealed in January 2024 that worldwide cyberattacks swelled by 38% in 2022 compared to 2021, and that data violations priced businesses at a mean of $4.35 million in 2022, a rise from $4.24 million in 2021. Thus, the escalating security threats are stimulating the growth of AI in the public security and safety industry.
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Which Fast-Growing Trends Are Poised to Disrupt the AI For Public Security And Safety Market?
Leading businesses within the AI for public safety and security market are revolutionizing product and system development with more secure solutions by creating new products infused with stacks specifically designed for AI-based applications, such as GenAI in EVSec. Generative AI, or GenAI, is a form of artificial intelligence that produces fresh content like text, images, or code using pre-existing data. In August 2023, for example, C2A Security, a security firm based in Israel, debuted their product integrated with Generative AI. Using GenAI within EVSec enhances the ability to detect threats and train for them while also allowing for adaptive responses, thereby improving the efficiency and efficacy of security measures for public safety. It also provides an advantage for developers, security engineers, and project leaders to streamline their production procedures, identify operational flaws, automate their security systems, and strategize their responses towards vulnerabilities.
What Are the Emerging Segments in the AI For Public Security And Safety Market?
The ai for public security and safetymarket 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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the AI For Public Security And Safety Industry?
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.
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