Public Safety Analytics Market 2020: Company Profiles, Market Segments, Landscape, Demand and Forecast – 2027
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 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.
Table of Contents
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Market Structure
Continued…
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