The Global Public Safety & Security Analytics Market to grow from USD 6,744.94 Million in 2019 to USD 17,873.01 Million by 2025, at a Compound Annual Growth Rate (CAGR) of 17.63%.
Market Segmentation & Coverage:
The research report categorizes the Public Safety & Security Analytics Market to forecast the revenues and analyze the trends in each of the following segments:
Based on Type, the Public Safety & Security Analytics Market studied across Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics.
Based on Component, the Public Safety & Security Analytics Market studied across Devices, Networks, and Software & APIs.
Based on Function, the Public Safety & Security Analytics Market studied across Connected Intelligence, Data Governance for Video Security, Investigative Insights, and Situational Awareness.
Based on Deployment, the Public Safety & Security Analytics Market studied across On-Cloud and On-Premise.
Based on Application, the Public Safety & Security Analytics Market studied across Border Management, Crisis & Safety Management, Cyber Security, Fighting Fraud & Corruption, Justice & Law Enforcement, and National Security.
"The Asia-Pacific is projected to witness the highest growth during the forecast period"
Based on Geography, the Public Safety & Security Analytics Market studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas region surveyed across Argentina, Brazil, Canada, Mexico, and United States. The Asia-Pacific region surveyed across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, South Korea, and Thailand. The Europe, Middle East & Africa region surveyed across France, Germany, Italy, Netherlands, Qatar, Russia, Saudi Arabia, South Africa, Spain, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded the largest size in the Public Safety & Security Analytics Market in 2019, followed by the Americas. On the other hand, the Asia-Pacific expected to grow at the fastest CAGR during the forecast period, followed by the Americas.
The factors attributing to the growth of the market are rising investments in smart city initiatives, digital transformation of functioning in public safety, justice and security, increasing instances and impact of direct threats to national security and public safety, and advances in iot, social media analytics, and cognitive analytics. However, some factors such as increasing complex datasets and budget constraints in adopting public safety and security analytics services may hinder the market growth. The Public Safety & Security Analytics Market expected to showcase the opportunities such as proliferation of hosted public safety analytics solutions and services and collaborative development and introduction of ml and ai-based public safety. Soon market may face the possible challenges in the growth due to concern associated with data securing and misuse. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the market.
Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, so for and, the long-term effects projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlaying COVID-19 issues and potential paths forward. The report is delivering insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecast, considering the COVID-19 impact on the market.
360iResearch Competitive Strategic Window:
The 360iResearch Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies. The Competitive Strategic Window helps the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. During a forecast period, it defines the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth.
360iResearch FPNV Positioning Matrix:
The 360iResearch FPNV Positioning Matrix evaluates and categorizes the vendors in the Public Safety & Security Analytics Market on the basis of Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Company Usability Profiles:
The Public Safety & Security Analytics Market is highly competitive and characterized by the presence of a large number of international and regional players in the market. The market has witnessed increased competition between vendors based on the pricing model, technology differentiation, brand name, quality of service, price differentiation, and technical expertise.
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Public Safety & Security Analytics Market, including Accenture, Assuria, AVEVA Group plc, BAE Systems, CENTRALSQUARE ALL, Cisco, ESRI, Fortinet, Haystax, Hexagon AB, Hitachi, Ltd., IBM, NEC, Nice Systems, Panasonic Corporation, PredPol, SAP, SAS, Splunk Inc., T-Systems, and Verint Systems.