Public safety analytics solutions enable government agencies and law enforcement departments to gain real-time insights by analyzing varied types of data generated in public safety operations. These solutions facilitate improved efficiency in addressing various public safety challenges by monitoring patterns and anticipating future threats. For example, public safety analytics help law enforcement agencies leverage video footage from surveillance cameras to analyze crowd movements and detect criminal or suspicious activities. The Global Public Safety Analytics Market Size is estimated to be valued at US$ 6.06 Bn in 2023 and is expected to exhibit a CAGR of 34% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of advanced technologies such as Internet of Things (IoT), artificial intelligence (AI), and cloud computing is one of the major trends fueling the growth of the public safety analytics market. IoT-enabled devices are generating vast amounts of data that can provide valuable real-time insights into public safety operations when analyzed using analytics solutions. Moreover, AI and machine learning algorithms help analyze unstructured data from multiple sources and identify patterns to anticipate future threats. As the volume and variety of public safety data continue to grow rapidly, cloud-based analytics solutions are enabling agencies to access real-time insights from anywhere. This higher reliance on advanced technologies is propelling the demand for public safety analytics across the globe.
Segment Analysis
The public safety analytics market is dominated by the video analytics segment, accounting for over 35% of the total share. Video analytics helps law enforcement agencies and other authorities analyze real-time video footage from surveillance cameras to detect unusual behavior, suspicious activities, and unwanted/unlawful gathering in public places. It aids in threat assessment, crime prediction, and resource optimization for maintaining law and order.
Key Takeaways
The global public safety analytics market is expected to witness high growth.
Regional analysis: North America currently dominates the global public safety analytics market and is expected to retain its top position over the forecast period owing to large-scale adoption of advanced technologies such as IoT, AI and big data analytics by law enforcement agencies in the US and Canada. The presence of key vendors in the region and high budget allocations for public safety further supports market growth.
Key players operating in the public safety analytics market include GoPuff, DoorDash, Instacart, Uber, Glovo, Rappi, Gorillas, Getir, Jokr, Zapp, Flink, 1520, Buyk, Deliveroo, Seazon, Yango Deli, Delivery Club, Bolt Food, Swiggy Instamart, and Blinkit. These players are focused on developing new and advanced public safety analytical solutions integrated with IoT, AI, ML and big data technologies to aid proactive policing. They are also investing in R&D to develop customized solutions as per the needs of different agencies and authorities. Strategic collaborations and partnerships remain key growth strategies for major players.
Get More Insights on This Topic: https://www.ukwebwire.com/public-safety-analytics-market-trends-growth-and-regional-outlook-2023-2030/
Explore More Information, Please Visit: https://masstamilan.tv/automotive-tire-pressure-monitoring-system-revolutionizing-vehicle-safety/
Comments
0 comment