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Public Safety Analytics Market Size, Share & Trends Analysis Report By Components (Solutions, Video Analytics, Social Media Analytics Sensor Data Analytics, Identity Analytics, Services) By Analytics Type (Predictive Analytics, Prescriptive Analytics, Descriptive Analytics) By Applications (Pattern Recognition, Incident Detection, Person of Interest Screening Surveillance) By End-User (Law Enforcement and Intelligence Agencies, Border Control, Public Transportation Security, Others) By Geography (North America, Europe, Asia-Pacific, South America, ROW) Forecast till 2028

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Global Public Safety Analytics Market Overview 

The Global Public Safety Analytics Market size is estimated to reach $14.9 billion by 2026, expanding at a CAGR of 19.3% over the forecast period of 2021-2026. Public Safety Analytics is a comprehensive solution with various features for public safety professionals. Citizen Connect, Law Enforcement Explorer, and Law Enforcement Analytics are the three components of the package. The purpose of the public safety industry is to offer services and products that protect people and property. Protective service jobs employ more than 3.4 million individuals in the United States. Government agencies and commercial agencies are the two main components of the business.

 

Impact of COVID-19 on Public Safety Analytics Market:

Given the importance of first responders' and public servants' jobs, they are on the front lines of a historic public health catastrophe. The COVID-19 epidemic drew much attention to public safety. As a result, multiple agencies have been seen taking calls over the phone to safeguard first responders. On the other hand, agencies have worked to keep workers productive while many are quarantined at home, and cops are protected from handling tainted evidence.

 

Key Takeaways from Global Public Safety Analytics Market Report:

  • Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for Analytics Type, Components, Applications and by different industry verticals.
  • Understand the different market dynamics – key driving factors, challenges, and hidden opportunities.
  • Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
  • Analyze the sales and distribution channels across key geographies to improve top-line revenues.
  • Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
  • Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years. 
  • Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market

Public Safety Analytics

By Component, the market for Solution to grow at the highest CAGR during the forecast period

By Components, Public Safety Analytics Market is segmented into Solutions and Services. These tools are intended to help you detect, avoid, respond to, and prepare for an emergency. In 2020, the identity analytics solutions sector was predicted to lead the public safety analytics market, accounting for the prevalence of the market share. The social media analytics solutions category is expected to significantly reshape the market, with a CAGR of 20.9 percent. The quick adoption of social media analytics solutions among organizations to protect residents from crises such as fire, overcrowding, criminal activities, and natural catastrophes might be ascribed to the growth in social media analytics platforms throughout the projection period.

 

North America to account for the largest market share during the forecast period.

North America held the largest share of the Public Safety Analytics Market in 2020, with a global market share of 35.9%. This is mainly due to the region's robust presence of public safety security solution providers, who supply these services to various public safety organizations. However, Asia Pacific is the fastest-growing CAGR over the forecast period 2021-2026. The public safety analytics market in APAC has grown due to strong economic growth in developing nations and improvements in regulatory reforms and financial stability.

 

Market Dynamics

Driver: Increasing investments for Smart City initiatives are driving the Public Safety Analytics Market. 

The internet of things (IoT) and the technology that makes it possible can assist governments in being more responsive to the requirements of their citizens, enterprises, and tourists. Cities are becoming more intelligent due to the deliberate use of the internet, technology, data, and sensors. Security technologies early in use can be leveraged to provide information that can enhance the use of resources — making things more efficient, upgrading economic development, attracting investments, and increasing public safety. From planning light traffic patterns to accommodate a traffic surge to scheduling staff to pick up trash after an event, security technologies previously in use can be leveraged to provide statistics that can increase the use of resources — making things more efficient, building up economic development, attracting investments, and increasing public safety.

 

Challenge: Issues in Adopting Public Safety Analytics Services are restraining the market growth.

Public safety authorities must enforce laws in a completely new virtual environment. Cybercrime increasingly outnumbers physical crime, according to the National Crime Agency. In addition, when government organizations face financial shortages, residents are demanding faster, more personalized services. To ensure public safety, agencies must take a proactive approach, with data-driven insights playing a pivotal role. The massive quantity of data being created today may be utilized to assist forecast and prevent criminal conduct if properly harnessed while incorporating digital technology into services can save money and add value to the public.

 

Key Players

Pivotal Players in the Global Public Safety Analytics Market consist of Hexagon, IBM, Cisco, NEC, SAP, Esri, SAS, Nice Systems, Splunk, Verint Systems, and Others.

 

Developments

In May 2020, Honeywell launched a temperature monitoring system powered by artificial intelligence. Honeywell's ThermoRebellion temperature measuring system uses high-resolution thermal imaging cameras to enhance face temperature monitoring solutions and may be installed at factory entrances, airports, distribution centers, or commercial buildings. In addition, to monitor air quality, social distance, resident flow, cleanliness, and governance compliance, the Solution connects with the Honeywell Forge platform and Honeywell's Healthy Building Solutions.

 

Report Coverage and Scope

The report "Global Public Safety Analytics Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

 

By Components

  • Solutions
  • Video Analytics 
  • Social Media Analytics Sensor Data Analytics
  • Identity Analytics
  • Services
  • System Integration
  • Support & Maintenance
  • Consulting Services
  • Managed Services

 

By Analytics Type

  • Predictive Analytics
  • Prescriptive Analytics
  • Descriptive Analytics

 

By Applications

  • Pattern Recognition
  • Incident Detection
  • Person of Interest Screening
  • Surveillance

 

By End-User

  • Law Enforcement and Intelligence Agencies
  • Border Control
  • Public Transportation Security
  • Critical Infrastructure Security
  • Others

 

By Geography

  • North America
  • Europe
  • APAC
  • RoW

 

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Personalize this Research

  • Market Size and Share from 2016 - 2027
  • Expected Market Growth Until 2027
  • COVID-19 Impact assessment on the market
  • Market Dynamics and Impact Analysis
  • Segment and region that will drive or lead the market growth and why
  • Industry activity comprising Mergers, Acquisitions, Expansion, etc.
  • Comprehensive Mapping of the Competitive Landscape
  • In-depth analysis of key sustainability strategies adopted by market players
  • Global and regional market trends – Current and Future
  • Value Chain Analysis
  • Porters Five Forces Analysis
  • Historical and Current Product Pricing
  • Country Cross-Segment Analysis
  • Company Profiling
  • Player Comparison Matrix

IT And Telecommunications Clients

    Public Safety Analytics Market Size, Share & Trend...

    RD Code : IT22