Growing Number of Smart Cities and Developments in Road Traffic Management Boosts AI for Public Security and Safety Market Growth
According to our latest study on "AI for Public Security and Safety Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Component, Application, and End User," the AI for public security and safety market size is projected to grow from US$ 9.330 billion in 2022 to US$ 71.006 billion by 2030; it is estimated to record a CAGR of 29.3% from 2023 to 2030.
City corporations and authorities are modifying their processes, technological capabilities, and approaches to serve citizens efficiently and meet the ever-changing needs of societies. Artificial intelligence (AI) can improve the processes defined to detect security risks and effectively respond to them. Advancements in video surveillance technology can also yield productive results. In smart cities, AI-integrated technologies are often employed to perform tasks that humans would otherwise find difficult. Besides, a smart city is a fast-growing concept in urban setups, combining technology and innovation to improve citizens' quality of life and promote sustainability. Video surveillance has become a popular way of monitoring traffic stops, preventing & solving crimes, and protecting houses. According to Optics Mag, the US surveillance camera market value is expected to reach US$ 21 billion in 2023. A study by Comparitech states that Delhi (India) has over 1,800 surveillance cameras per square mile. Moreover, China accounts for more than 50% of video surveillance systems supplied worldwide. The prime purposes served by these systems include crowd estimation, weapon detection, critical hardware failure identification, investigation aids, and congestion reduction (to improve people and vehicle flow). Therefore, the growing number of smart cities, transit organizations, and public-facing businesses are expected to boost the AI for public security and safety market growth.
AI for Public Security and Safety Market – by Region, 2022 and 2028
AI for Public Security and Safety Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By AI for Public Security and Safety 
AI for Public Security and Safety Market Outlook by 2031
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Source: The Insight Partners Analysis
The AI for public security and safety market is segmented into application, end user, and component. Based on application, the AI for public security and safety market is divided into preventative policing, criminal investigation, combating terrorism, emergency response and disaster management, and others. By end user, the AI for public security and safety market is segmented into law enforcement agencies, federal intelligence and security, and others. Based on component, the AI for public security and safety market is bifurcated into solution and services. Geographically, the AI for public security and safety market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
Impact of COVID-19 Pandemic on AI for Public Security and Safety Market Growth
The COVID-19 outbreak dramatically impacted the global economy during its peak in 2020, and hampered business activities in various industries. The outbreak moderately influenced the AI for public security and safety market due to a rise in remote work and an increase in federal funding for pandemic relief. Artificial intelligence-based tools proved effective for preventing, monitoring, diagnosing, and screening COVID-19 infection. Strict social distancing and close surveillance have been the most effective strategies during the surge in COVID-19 cases. According to Garofalo et al. in 2020, location tracking of infected individuals was achieved using Bluetooth, GPS, social graph, contact details, digital card transaction data, and systematic physical address. According to Hossain et al. in 2020, detection and tracking surveillance system utilizing IP surveillance and the thermal imaging camera can identify, locate, and monitor the movement of confirmed COVID-19 cases; track primary contacts; identify areas of high risk of infection; monitor social distancing; and detect body temperature while wearing a mask. Most modern technologies such as AI and machine learning are widely used for searching and predicting potentially infectious individuals and associated diseases. The increase in cyberattacks, such as Distributed Denial-of-Service (DDoS) and data breaches, is propelling the demand for AI-based security products. These attacks lead to tremendous revenue loss for the affected organizations, which creates a need for more sophisticated solutions. Furthermore, as stated in the report above, the market growth is also driven by the shift to remote work due to the COVID-19 pandemic. This has forced many organizations to focus more on cybersecurity and use AI-powered tools to detect and stop attacks. Thus, the COVID-19 pandemic has moderately influenced the AI for public security and safety market size.
HEXAGON AB; AGT; ALE International; Atos SE; BAE Systems; Motorola Solutions, Inc.; Elbit Systems Ltd.; TELEFONAKTIEBOLAGET LM Ericsson; Honeywell International Inc.; and Thales Group are among the key players operating in the AI for public security and safety market.
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