According to IMARC Group latest report titled “Public Safety Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on public safety analytics market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global public safety analytics market size reached US$ 13.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 49.5 Billion by 2032, exhibiting a growth rate (CAGR) of 14.9% during 2024-2032.
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Public safety analytics encompasses the application of data analysis techniques and tools to enhance the effectiveness and efficiency of public safety initiatives. This field is a critical component of modern public safety strategies, leveraging large volumes of data from various sources to inform decision-making and resource allocation. Public safety agencies, including police, fire, and emergency medical services, utilize analytics to anticipate, prepare for, and respond to public safety incidents and threats. The scope of public safety analytics is broad, covering areas such as crime analysis, emergency response optimization, risk assessment, and disaster management. In crime analysis, for instance, data analytics tools are used to identify crime patterns and hotspots, enabling law enforcement to adopt proactive strategies and targeted interventions.
Market Trends:
The increasing incidence of natural disasters, terrorist attacks, and criminal activities is driving the global market. Public safety analytics tools enable law enforcement and emergency response agencies to analyze large volumes of data, identify patterns, and make informed decisions to protect citizens and infrastructure. Furthermore, advancements in big data and analytics technologies are pivotal in driving market growth. These technologies allow for the processing and analysis of vast amounts of data from various sources, including social media, surveillance systems, and IoT devices. The integration of artificial intelligence and machine learning further enhances the capabilities of public safety analytics tools, enabling predictive policing, real-time crime mapping, and efficient resource allocation. Besides, the need for efficient emergency response and crisis management is another significant factor contributing to the market's growth.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
- Cisco Systems Inc.
- Environmental Systems Research Institute Inc.
- Fishtech Group LLC
- Hexagon AB
- Hitachi Vantara LLC (Hitachi Ltd.)
- International Business Machines Corporation
- NEC Corporation (AT&T Inc.)
- NICE Ltd.
- SAP SE
- SAS Institute Inc.
- Splunk Inc.
- Verint Systems Inc.
Key Market Segmentation:
Our report has categorized the market based on component, analytics type, application, deployment model and industry vertical.
Breakup by Component:
- Solutions
- Services
Breakup by Analytics Type:
- Predictive Analytics
- Prescriptive Analytics
- Descriptive Analytics
Breakup by Application:
- Pattern Recognition
- Incident Detection
- Person of Interest Screening
- Surveillance
Breakup by Deployment Model:
- On-premises
- Cloud-based
Breakup by Industry Vertical:
- Law Enforcement
- Medical
- Firefighting
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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