Forecast for Public Safety and Security Market Growth to $461.8 Billion by 2030

1. Public Market to Reach $514.1 Billion by 2031 Safety and Security

2. Public Safety and Security Market – 2024 -2031 Meticulous Research®, a leading global market research firm, has released its latest report titled ‘Public Safety and Security Market by Offering (Safety Devices, Safety Software, Safety Services), Technology (IoT, AI, Cloud Computing, ML), Application (Data Gathering, Mapping, and 3D Imaging), End Use (Warehouses & Depots, Workplaces, Shopping Malls & Retail Stores) and Geography - Global Forecast to 2031.’ Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5661 According to this report, the global public safety and security market is projected to grow from $234.2 billion in 2024 to $514.1 billion by 2031, at a compound annual growth rate (CAGR) of 11.9%. The market's expansion is largely driven by the integration of artificial intelligence (AI), machine learning (ML), and advanced analytics technologies into public safety frameworks. Increasing public safety awareness, government initiatives aimed at urban safety, and growing security concerns contribute significantly to this growth. However, the high initial costs associated with implementing safety and security solutions could limit market expansion. On the other hand, opportunities arise from the adoption of cloud computing and big data analytics, along with increasing threats of terrorism and security breaches. Challenges such as the complexity of advanced system deployment and rising data theft incidents are significant concerns for market participants. The report provides an in-depth segmentation of the global public safety and security market by offering, technology, application, end use, and geography, offering a comprehensive analysis of market trends and competitive dynamics across various regions. Offering: The market is segmented into safety devices, safety software, and safety services. By 2024, the safety services segment is expected to dominate the market, holding the largest share. This segment’s prominence is attributed to the increasing demand for tailored services to address specific safety and security needs. Key services, including critical infrastructure protection, emergency medical services, firefighting, and disaster management, are crucial for ensuring safety. The safety services segment is also anticipated to grow at the highest CAGR over the forecast period, driven by rising demand for specialized solutions. Technology: The market encompasses technologies such as the Internet of Things (IoT), artificial intelligence (AI), cloud computing, machine learning (ML), and cybersecurity. The IoT segment is expected to capture the largest share in 2024, driven by the need for real-time data and improved situational awareness. IoT technologies are increasingly adopted for their ability to provide timely and accurate information, essential for effective safety management. Additionally, the IoT segment is projected to experience the highest CAGR throughout the forecast period, reflecting its growing relevance. Application: The market applications are segmented into data gathering, mapping and 3D imaging, threat detection, security and incident management, monitoring, fire and explosion examination, network security, and other specialized applications. The security and incident management segment is expected to lead the market in 2024, owing to its substantial share. This segment’s growth is driven by the need for efficient emergency response and the rise of smart city technologies. It is projected to register the highest CAGR during the forecast period, underscoring its critical role. Page 1 of 3 © Meticulous Research| sales@meticulousresearch.com

3. Public Safety and Security Market – 2024 -2031 End Use: The market is segmented by end use into warehouses and depots, workplaces, shopping malls and retail stores, schools and universities, hospitals and healthcare facilities, residential areas, transportation, and others. The transportation segment is anticipated to dominate the market in 2024, driven by growing concerns about passenger safety and advancements in security technologies. The hospitals and healthcare segment is expected to show the highest CAGR during the forecast period, reflecting increasing security needs in healthcare settings. Geography: The report provides a geographical analysis, covering North America, Europe, Asia- Pacific, Latin America, and the Middle East & Africa. North America is expected to lead the global market in 2024, due to its advanced adoption of digital technologies and a data-centric approach to enhancing public safety. Europe, however, is expected to show the highest growth rate during the forecast period, driven by increasing public safety initiatives and technological advancements. These findings highlight the evolving landscape of the global public safety and security market, emphasizing both opportunities and challenges as stakeholders navigate this dynamic sector. Key Players The key players operating in the global public safety and security market are Hexagon AB (Sweden), Fujitsu Ltd. (Japan), Robert Bosch GmbH (Germany), Atos SE (France), Cisco Systems, Inc. (U.S.) Saab AB (Sweden), Airbus SE (Netherlands), Siemens AG (Germany), Intel Corporation (U.S.), Fotokite AG (Switzerland), CityShob (Israel), 3xLOGIC (U.S.), L3Harris Technologies, Inc. (U.S.), OnSolve (U.S.) and Haystax (U.S.). To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/public-safety-and-security-market-5661 Key Questions Answered in the Report: • Which are the high-growth market segments in terms of offering, technology, application, end use, and geography? • What is the historical market size for the public safety and security market across the globe? • What are the market forecasts and estimates for the period 2024–2031? • What are the major drivers, restraints, opportunities, and challenges in the global public safety and security market? • Who are the major players in the market, and what are their market shares? • How is the competitive landscape for the global public safety and security market? • What are the recent developments in the global public safety and security market? • What are the different strategies adopted by the major players in the market? • What are the key geographic trends, and which are the high-growth countries? • Who are the local emerging players in the global public safety and security market, and how do they compete with other players? Page 2 of 3 © Meticulous Research| sales@meticulousresearch.com

4. Public Safety and Security Market – 2024 -2031 Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 © Meticulous Research| sales@meticulousresearch.com