The AI For Public Security And Safety Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s AI For Public Security And Safety Global Market Report 2024, The AI for public security and safety market size is expected to see exponential growth in the next few years. It will grow to $46.52 billion in 2028 at a compound annual growth rate (CAGR) of 29.7%. The growth in the forecast period can be attributed to expanding use of drones and robotics, increasing focus on predictive policing, integration of ai in emergency communication systems, global efforts against cybersecurity threats, incorporation of explainable AI (XAI). Major trends in the forecast period include ethical AI and responsible deployment, AI-powered virtual assistants for emergency response, customized ai solutions for smart cities, integration of ai in wearable devices, and interoperability of AI systems.
Increasing security threats are expected to propel the growth of AI in the public security and safety market going forward. Security threats refer to potential dangers or risks that can compromise the confidentiality, integrity, or availability of information, systems, and resources. Security threats use AI for public security and safety to rapidly analyze vast amounts of data, identify patterns, and enhance the efficiency of surveillance, threat detection, and response mechanisms, ultimately augmenting the capabilities of security systems to adapt to evolving threats and protect communities. For instance, in January 2024, according to AAG IT Services, a UK-based information technology and services company that provides cloud technology solutions, global cyberattacks increased by 38% in 2022 compared to 2021, and in 2022, data breaches cost businesses an average of $4.35 million, up from $4.24 million in 2021. Therefore, increasing security threats are driving the growth of AI in the public security and safety market.
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The ai for public security and safety market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment Model: On- Premises, Cloud – Based
3) By Application: Preventative Policing, Criminal Investigation, Combating Terrorism, Emergence Response , Disaster Management, Other Applications
4) By End User: Law Enforcement Agencies, Federal Intelligence And Security, Other End Users
Major companies operating in the AI for public security and safety market are developing innovative products by integrating stacks purpose-built for AI-powered applications, such as GenAI in EVSec, to transform product and system development for enhanced security. Generative AI (GenAI) refers to the use of artificial intelligence to create new content, such as text, images, or code, based on existing data. For instance, in August 2023, C2A Security, an Israel-based security company, launched its Generative AI Integration product. GenAI in EVSec improves threat detection and training capabilities and enables adaptive responses, fostering more efficient and effective security measures for public security and safety. It also allows developers, security engineers, and product leaders to optimize production processes, detect inefficiencies, automate security controls, and prioritize responses to vulnerabilities.
The ai for public security and safety market report table of contents includes:
1. Executive Summary
2.AI For Public Security And Safety Market Characteristics
3.AI For Public Security And Safety Market Trends And Strategies
4. AI For Public Security And Safety market analysis
5.AI For Public Security And Safety Market Size And Growth
6.AI For Public Security And Safety Segmentation
7.AI For Public Security And Safety Regional And Country Analysis
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27AI For Public Security And Safety. Competitive Landscape And Company Profiles
28.AI For Public Security And Safety Key Mergers And Acquisitions
29. AI For Public Security And Safety Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Microsoft Corporation
- Dell Technologies Inc.
- Hitachi Ltd.
- IBM Corporation
- Cisco Systems Inc.,
- Oracle Corporation
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