The rise in criminal activities and terrorist attacks has led to the introduction of data analytics in public safety solutions and services, with an objective to create them ultra-efficient. The hosted deployment mode section has gained high traction within the market, because it needs less capital investment, helps decrease the operational and maintenance prices, and reduce the management's efforts. This hosted public safety analytics services are created available according to the customers' demand, whereby customers may start or stop any service according to their will. Public safety agencies have leveraged advanced analytics solutions to supply better services and protect the public and the nation from direct threats.
How Big is The Global Public Safety Analytics Market?
The Public Safety Analytics Market is expected to be around US$ 14.60 Billion by 2025 at a CAGR of 17% in the given forecast period.
The major driving factors of Public Safety Analytics Market are as follows:
Rising Investments in Smart City Initiatives Growing Adoption of IoT and Connected Devices for Public Safety
The major restraining factors of Public Safety Analytics Market are as follows:
Budget Constraints in Adopting Public Safety Analytics Services
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The major opportunities factor of Public Safety Analytics Market are as follows:
Proliferation of Hosted Public Safety Analytics Solutions and Services Introduction of ML/AI-Based Public Safety Solutions and Services
The major challenges factor of Public Safety Analytics Market are as follows:
Lack of Awareness of Public Safety Analytics Solutions and Services
The Public Safety Analytics Market has been segmented as below:
By component:
Solutions Services
By Analytics Type:
Predictive analytics Prescriptive analytics Descriptive analytics
By Application:
Pattern Recognition Incident detection Person of Interest Screening Surveillance
By Deployment:
On-premises Hosted
By Vertical:
Law Enforcement and Intelligence Agencies Border Control (Land, Sea, and Air) Public Transportation Security Critical Infrastructure Security Others (manufacturing and emergency services)
The Public Safety Analytics Market is segmented on the lines of its component, analytics type, application, deployment, industry vertical and regional. Based on component is segmented into solution and service. Based on analytics type is segmented into Predictive analytics, Prescriptive analytics and Descriptive analytics. Based on application is segmented into Pattern Recognition, Incident detection, Person of Interest Screening and Surveillance. Based on deployment is segmented into On-premises and Hosted. Based on vertical is segmented into Law Enforcement and Intelligence Agencies, Border Control (Land, Sea, and Air), Public Transportation Security, Critical Infrastructure Security and Others. The Public Safety Analytics Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific and Latin America. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
An overview of the global market for Public Safety Analytics Market and related technologies.
Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
Identifications of new market opportunities and targeted promotional plans for Public Safety Analytics Market
Discussion of research and development, and the demand for new products and new applications.
Comprehensive company profiles of major players in the industry.
Report scope:
The scope of the report includes a detailed study of Public Safety Analytics Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report Hexagon, IBM, Cisco, NEC, SAP, ESRI, SAS, Nice Systems, Splunk and Verint Systems. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
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