Public safety analytics combines data from various sources such as police records, criminal records, social media feeds, and emergency calls to gain insights into crime patterns and predict possible criminal activities. The global Public Safety Analytics Market is estimated to be valued at US$ 5.26 Bn in 2024 and is expected to exhibit a CAGR of 34% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Predictive policing models utilize public safety analytics to identify areas that are vulnerable to criminal activities and deploy resources proactively in those regions. These models analyze past crime data to identify patterns and use variables such as day, date, location and modus operandi to map criminal hotspots and recidivist offenders. This helps police departments prioritize patrols and investigations more efficiently. Predictive policing is gaining widespread acceptance as it enables police to engage in problem-oriented and intelligence-led policing approaches for better public safety outcomes.
Segment Analysis
The global public safety analytics market is segmented based on components, applications, deployment mode, organization size, vertical. The solutions segment dominates the market and is expected to continue its dominance during the forecast period. This is mainly due to the increasing adoption of analytics solutions by public safety organizations to improve situational awareness and decision making.
Key Takeaways
The global Public Safety Analytics Market Share is expected to witness high growth during the forecast period.
Regional analysis: North America dominates the market currently due to early adoption of advanced technologies and increasing investments in innovation. The Asia Pacific region is expected to grow at the highest CAGR due to rapid digitalization and growing concerns around public safety in densely populated countries.
Key players operating in the public safety analytics market are Cisco Systems, IBM, NEC Corporation, SAP, and Hitachi Vantara. The global public safety analytics market size for 2024 is US$ 5.26 Bn.
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Global Public Safety Analytics Market, By Component (Solution, Services), Analytics Type (Predictive, Prescriptive, Descriptive), Deployment Type (On-Premise, Cloud), Application (Pattern Recognition), Vertical (Law Enforcement) - Forecast till 2023Market HighlightsThe main function of public safety is to protect all elements of society by improving decision making process of public safety agencies, providing them with useful insights from the collected data.
Public safety analytics include the collection of data from various public safety departments including police, transport departments, emergency services, and community safety groups.
Nowadays, the data collected from various internet-based sources such as social media sites, also help public safety agencies to extract a large amount of data and convert it into useful analytics using various analytic techniques such as prescriptive, descriptive, and predictive analytics.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6696Key playersThe public safety analytics market includes vendor which provides security evaluation services across the globe.
The companies include Hexagon (Sweden), Cisco (US), SAP (Germany), NEC (Japan), Nice Systems (Israel), Esri (US), SAS (US), IBM (US), Splunk (US), Verint Systems (US), Hitachi Vantara (US), Haystax (US) and among others.Regional analysisThe global market for public safety analytics market is estimated to grow at a significant rate during the forecast period from 2018 to 2023.
The geographical analysis of public safety analytics market is done for North America, Europe, Asia-Pacific, and the rest of the world.North America is expected to dominate the market of public safety analytics as this region focuses on advanced security technology using various devices such as computers, digital evidence management systems, and body cameras.
According to Research report "Public Safety Analytics Market by Component (Solution and Service), Analytics Type (Predictive, Prescriptive, and Descriptive), Application, Deployment Mode (On-premises and hosted), Industry Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets, global public safety analytics market is expected to grow from USD 5.22 Billion in 2017 to USD 11.29 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 16.7% during the forecast period.
The public safety analytics market has gained traction due to the rise in the criminal activities and terrorist attacks across border controls and needs to safeguard the public from various physical threats.Increased adoption Internet of Things (IoT) and connected devices for public safety across government agencies are expected to drive the public safety analytics market over the next 5 years.Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47603559 Browse 73 Tables and 45 Figures spread through 146 Pages and in-depth TOC on "Public Safety Analytics Market - Global Forecast to 2022"The person of interest screening application segment is expected to play a key role in the public safety analytics marketThe person of interest screening segment is expected to play a key role to change the market landscape and grow at the highest CAGR during the forecast period.
This application helps public safety agencies and government agencies in criminal investigations to identify the convict of an offense.
In addition, it has one of the most advanced features for public safety and has been deployed in various public infrastructures, such as airports, train stations, government and public buildings, and border control, resulting in a high growth rate.The hosted deployment mode segment is expected to be the fastest-growing deployment mode in the public safety analytics marketIn the market, the hosted deployment mode segment is expected to be the fastest-growing segment, as it offers organizations with increased scalability, speed, round the clock services, and improved management capabilities.
Moreover, such hosted or cloud-based public safety analytics solution and services are available in accordance with the customer’s demand, wherein enterprises could start, stop, or modify any service as per their requirement.North America is expected to have the largest market size in the public safety analytics marketNorth America is expected to have the largest market size in the market, due to the presence of a large number of public safety solution providers and early adoption trends in the developed countries in the region.
Furthermore, the market in regions, such as the Middle East and Africa (MEA) and Latin America is expected to grow due to the surge in technological proliferation across industry verticals, such as public transportation security, law enforcement and intelligence agency, border control, critical infrastructure security.Speak to Our Expert Analyst : https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=47603559 The major vendors in the public safety analytics market include Hexagon (Sweden), IBM (US), Cisco (US), NEC (Japan), SAP (Germany), Esri (US), SAS (US), Nice Systems (Israel), Splunk (US), Verint Systems (US), Hitachi Vantara (US), and Haystax (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
