Global Public Safety Analytics Market Size (2024 - 2029)

Public Safety Analytics Market Analysis

The Global Public Safety Analytics Market size is estimated at USD 12.39 billion in 2024, and is expected to reach USD 28.12 billion by 2029, growing at a CAGR of 17.82% during the forecast period (2024-2029).

The public safety analytics market is expected to grow significantly over the forecasted period. A primary catalyst for this adoption is the escalating need to filter through vast amounts of crime and incident data to extract actionable insights.

In addition, with global terrorism and security threats rising, governments increasingly use advanced data analytics to bolster public safety measures. The demand for these analytics technologies is further amplified by their capability to discern patterns, forecast outcomes, and facilitate evidence-based decisions in crime management and emergency responses.

• Various transformative trends are happening in the public safety market, which are expected to drive the market. For example, AI and ML technologies are being incorporated into mobile public safety solutions to improve decision-making and automate processes. AI-powered analytics can analyze large volumes of data, such as social media feeds or surveillance footage, to detect patterns and predict possible threats. These technologies also aid in facial recognition, license plate recognition, and predictive policing.
• The rise in global catastrophic accidents, crime rates, and terrorist activities has heightened concerns for public safety analytics worldwide. As governments and organizations strive to mitigate these risks, there is an increased emphasis on investing in advanced technologies and solutions tailored to public safety. This has catalyzed the growth of the public safety market, with demand surging for innovative tools such as surveillance systems, predictive analytics, and emergency response platforms. Moreover, adopting smart city initiatives drives the need for interconnected public safety solutions, enhancing situational awareness and response coordination.
• As smart cities evolve and adopt advanced technologies, the public safety analytics market is witnessing significant growth. These smart cities utilize interconnected devices, data analytics, and IoT infrastructure to improve urban life, particularly safety and security. Law enforcement and emergency responders can better anticipate and address potential threats with AI, machine learning, and predictive analytics.
• To modernize traditional public safety organizations, a considerate amount of time, cost, and commitment is essential. This poses a significant challenge for vendors to increase the uptake of digital technology among key public service organizations, specifically police service stations.
• Macroeconomic factors significantly influence the public safety market. For example, robust economic growth often leads to lower crime rates, as improved job opportunities and higher incomes diminish the allure of criminal activities. Conversely, rising unemployment can spur increased crime, presenting growth opportunities for the public safety market. As a case in point, the Bureau of Labor Statistics reports that the seasonally adjusted national unemployment rate in the US stood at 3.8% in March 2024.

Public Safety Analytics Industry Segmentation

The scope of the study delves into public safety analytics software and services around the globe, and the market size encompasses the revenue generated from licensing and subscription of public safety analytics software along with associated services offered by various players operating in the market. The scope of the report covers market sizing and forecast for segmentation by component, deployment type, end-user, and geography. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the market’s growth in terms of drivers and restraints.

The public safety analytics market is segmented by component (software [record management, investigation management, location management, criminal & crime intelligence], services), deployment type (on-premise, cloud), end-user (law enforcement, medical, firefighting, transportation, other end-users), and by geography (North America [United States, Canada], Europe [Germany, United Kingdom, Rest of Europe], Asia [China, India, Rest of Asia Pacific], Latin America, Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.