PUBLIC SAFETY ANALYTICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Public Safety Analytics Market, By Type of Analytics (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), By Component (Software, Services), By Deployment Mode (On-Premises, Cloud-Based), By End-User Sector (Law Enforcement, Fire and Emergency Services, Transportation, Healthcare, Utilities, Others), By Application (Incident Response, Crime Analytics, Traffic Management, Healthcare Emergency Management, Critical Infrastructure Protection, Others), By Size of Organization (Small and Medium-sized Enterprises (SMEs), Large Enterprises), By User Type (Government Agencies, Private Sector), By Data Source (Structured Data, Unstructured Data), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2024
Code : CMI6371
Pages :165
Formats :
Excel and PDF
Industry : Smart Technologies

Public Safety Analytics Market Size and Trends

The global public safety analytics market size was valued at US$ 5.26 billion in 2023 and is expected to reach US$ 15.59 billion by 2030, grow at a compound annual growth rate (CAGR) of 16.8% from 2023 to 2030.

Public Safety Analytics Market Trends:

Cloud-based deployment: The public safety analytics solutions are increasingly being deployed through cloud-based models rather than traditional on-premise systems. Cloud-based solutions offer advantages such as lower deployment costs, scalability, and accessibility. Leading companies like Microsoft Azure, AWS, and Google Cloud offer robust cloud platforms tailored for public safety analytics. According to LexisNexis is a leading global provider of legal, regulatory, and business information and analytics, over 50% of law enforcement agencies leverage cloud-based analytics solutions.
Emphasis on real-time data analytics: Public safety agencies are shifting focus from historical analytics to real-time data analytics to drive timely action. Real-time streaming analytics enables monitoring events as they occur to quickly respond to dynamic situations. Solutions powered by AI and ML can instantly analyze real-time video feeds, social media channels, emergency calls, etc. to provide tactical insights. Real-time data analytics enhance situational awareness and incident response efficiency.
Integration with identity and access management: Public safety analytics solutions are being integrated with identity and access management (IAM) systems for improved security and data access control. IAM capabilities such as multi-factor authentication, role-based access, and encryption allow selective data access for different user profiles. IAM also enables auditing to track user activities. Data security and privacy concerns regarding public safety systems are driving the adoption of IAM.
Convergence of IT and OT systems: Convergence of information technology (IT) and operational technology (OT) systems is an emerging trend to enable better public safety analytics. IT-OT integration allows the aggregation of data from diverse sources, ranging from community CCTV feeds to police dispatch systems, on a single analytics platform for a unified view. A consolidated system removes data silos and provides comprehensive insights to enhance decision-making. For instance, in October 2023, Hitachi Vantara is a subsidiary of Hitachi, Ltd. focused on digital infrastructure, data management, analytics, and the Internet of Things (IoT) introduced Hitachi Virtual Storage Platform One, marking a fresh approach to data storage in hybrid cloud environments.