by Public safety analytics involves collection and analysis of crime and other related public safety data to gain useful insights for threat assessment, crime prediction, and resource allocation. It helps law enforcement agencies enhance transparency and accountability. The Global Public Safety Analytics Market Size is estimated to be valued at US$ 6.06 Billion in 2024 and is expected to exhibit a CAGR of 34% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the public safety analytics market is majorly driven by the rising crime rates across the world. Developing regions are witnessing an increase in criminal activities such as theft, smuggling, terrorism, and cybercrimes. For instance, according to the United Nations Office on Drugs and Crime, nearly 20 million people globally became victims of human trafficking between 2012 and 2020. The rising rate of criminal activities is prompting law enforcement agencies and governments to adopt new technologies like public safety analytics solutions to gain operational efficiency while dealing with crimes. Public safety analytics assists in evidence-based policing through data-driven insights and predictive analysis. This is supporting law enforcement agencies to allocate resources strategically and take preventive actions accordingly.
SWOT Analysis
Strength: Public safety analytics solutions help optimize resource allocation and enhance decision making. It offers real-time situational awareness to public safety organizations.
Weakness: Privacy and security concerns regarding data collection and usage may limit the adoption of public safety analytics solutions. High installation and maintenance costs can be prohibitive for smaller public safety departments.
Opportunity: Growing need to enhance public safety and emergency response capabilities is driving the demand for advanced analytics. Increasing Mobile device penetration provides an opportunity to leverage location data for predictive analytics.
Threats: Stringent regulations around data privacy and citizens’ consent pose compliance challenges. Technological limitations can reduce the effectiveness of analytic models in complex, unpredictable situations.
Key Takeaways
The global public safety analytics market is expected to witness high growth.
Regional analysis: The North American region dominates the public safety analytics market currently due to advanced infrastructure and early adoption of technologies. The Asia Pacific region is expected to offer lucrative opportunities over the forecast period owing to improving infrastructure, increasing smartphone penetration, and economic development in various countries.
Key players operating in the public safety analytics market are GoPuff, DoorDash, Instacart, Uber, Glovo, Rappi, Gorillas, Getir, Jokr, Zapp, Flink, 1520, Buyk, Deliveroo, Seazon, Yango Deli, Delivery Club, Bolt Food, Swiggy Instamart, Blinkit. These players are focusing on new product launches and strategic collaborations to offer enhanced capabilities and strengthen their market presence.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
