Market Dynamics
As per the report by MRFR, the global public safety analytics market share is slated to generate a market value of USD 11.75 billion by 2027 growing at a 16.22% CAGR during the review period (2020–2027)
Market synopsis
Public safety 's primary function is to protect all elements of society by improving the decision-making process of public safety agencies, providing them with useful insights from the data collected. These elements include economics, critical infrastructure and citizens alike. Public safety reports provide data collection from different branches of public safety, including police, traffic branches, emergency management, and neighborhood security organizations. The data collected from various internet sources , such as social media sites, also help public security agencies to extract large amounts of data and convert it into useful analytics using different analytical techniques such as descriptive, prescriptive, and predictive analytics. Main driver for the growth of the public safety analytics market is the rising incidence of illegal activity and terrorist threats that has resulted in the agencies embracing data analytics as a solution for public safety to obtain valuable insights from the data collected. This allows law enforcement agencies to gain actionable insights from the data needed for crime prevention and public safety. Advances in business intelligence also help public safety agencies make predictions, using real-time data stream analytics and machine learning to build on historical data.
Reducing and stopping crime is a big challenge for law enforcement agencies to step up public safety, Reduces the costs of crime to society and prevents harm to public property. Public security agencies generate tremendous amounts of data from different sources such as criminal records, social media platforms, and data from investigations. The shift of public safety analytics toward integrating predictive and preventive analytics helps to predict future crimes in crime analysis from historical data.
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Segmentation
The Global Market Study of Public Safety Analytics aims at various segments, such as component, type of analysis, type of deployment, application, vertical, region and estimate of market growth across these segments
The market is segmented by component into solution and service. The Solution segment is further segmented into Video Analytics, Social Media Analytics, Identity Analytics, Sensor Data Analytics, Others (Speech Analytics, Text Analytics, and Crowd Analytics), and the Services segment is further segmented into System Integration, Support and Maintenance, Consulting, Managed Services.
The market is segmented by type of analytics into predictive analysis, prescriptive analytics, descriptive analytics.
The market is segmented by form of delivery into on-premise and cloud.
The market is segmented by application into pattern recognition, accident detection, interest individual screening, and surveillance.
The market is segmented vertically into law enforcement and intelligence agencies, border protection, security of public transportation, essential security of infrastructure and others (manufacturing and emergency services).
Regional Outlook
It is estimated that the global market for public safety analytics will grow at a significant rate during the 2020-2027 forecast period. For North America, Europe, Asia-Pacific, and the rest of the world, geographic analysis of the public safety analytics market is being studied.
North America is expected to dominate the public safety analytics market because of the involvement of major suppliers of public safety solutions and advanced monitoring technologies found in countries like the US and Canada. That is expected to boost market growth in this region. Asia-Pacific is projected to be the region with the highest growth over the forecast period due to increasing investments in smart city projects that have led to public safety analytics solutions being adopted.
Key players
The public safety analytics market comprises vendors which provides security evaluation services across the globe. The companies include Hexagon (Sweden), Verint Systems (US), IBM (US), Cisco (US), SAP (Germany), Esri (US), SAS (US), NEC (Japan), Nice Systems (Israel), Splunk (US), Hitachi Vantara (US), Haystax (US) and among others.
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Market Dynamics As per the report by MRFR, the global public safety analytics market is slated to generate a market value of USD 11.75 billion by 2027 growing at a 16.22% CAGR during the review period (2020–2027) Market synopsisPublic safety 's primary function is to protect all elements of society by improving the decision-making process of public safety agencies, providing them with useful insights from the data collected.
Public safety reports provide data collection from different branches of public safety, including police, traffic branches, emergency management, and neighborhood security organizations.
The data collected from various internet sources , such as social media sites, also help public security agencies to extract large amounts of data and convert it into useful analytics using different analytical techniques such as descriptive, prescriptive, and predictive analytics.
Main driver for the growth of the public safety analytics market is the rising incidence of illegal activity and terrorist threats that has resulted in the agencies embracing data analytics as a solution for public safety to obtain valuable insights from the data collected.
Advances in business intelligence also help public safety agencies make predictions, using real-time data stream analytics and machine learning to build on historical data.Reducing and stopping crime is a big challenge for law enforcement agencies to step up public safety, Reduces the costs of crime to society and prevents harm to public property.
Public security agencies generate tremendous amounts of data from different sources such as criminal records, social media platforms, and data from investigations.
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.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the public safety drones market include Aarav Unmanned Systems, 1 Martian Way Corporation, Cron Systems, AerialPhoto, Detect Technologies, Drone Tech Lab, Aero360, Indrones Solutions, Envent Digital Technologies,and IdeaForge.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Public Safety Drones Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/public-safety-drones-market/download-sampleMarket Dynamics The global public safety drone market is forecasted to grow at a tremendous rate during the forecast period.
Improved response and action time compared to traditional public safety processes make a drastic difference in search and rescue situations since cutting downtime and ensuing safety in severe conditions.
Most important, drones help eliminate the need for the labor-intensive task.
Public safety drones are increasingly acquired by state and local police, sheriff, fire, and emergency units in the past several years.
