IT in Public Safety, HLS and Intelligence Agencies Market Size & Share, by Solution (Systems, Services); Installation (New Installation, Upgrade); End-user (Cybersecurity, Aviation Security, Maritime Security, Law Enforcement) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3525
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

IT in Public Safety, HLS and Intelligence Agencies Market size is expected to expand at around 7.2% CAGR during the forecast period i.e., between 2024-2036. The growth of the market can be primarily attributed to the growing adoption of cloud-based applications and services, and rising emergence of big data analytics in public safety and security. It is calculated that cloud data centers will process 94 percent of all workloads by the end of 2021. Around 34 percent of employees around the world have admitted that they prefer to work in the cloud. In addition to these, rapid growth of cybersecurity incidents across the world, and increase in government spending on homeland security and emergency management are also expected to drive growth to the market segment in the upcoming years. Furthermore, several separatist movements globally are still armed and highly active, which results in creation of hazardous situations for nations in which these are taking place. This is a crucial factor projected to offer ample opportunities to the market in the near future.


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IT in Public Safety, HLS and Intelligence Agencies Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Adoption of Cloud-Based Applications and Services
  • Rising Emergence of Big Data Analytics in Public Safety and Security

Challenges

  • High Installation and Maintenance Cost of Public Safety Systems

IT in Public Safety, HLS and Intelligence Agencies Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

7.2%

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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IT in Public Safety, HLS and Intelligence Agencies Segmentation

The IT in public safety, HLS and intelligence agencies market is segmented by end use into cybersecurity, aviation security, maritime security, law enforcement, critical infrastructure security, risk and emergency services, border security, and others. Out of these, the cybersecurity segment is anticipated to witness the highest growth in the global IT in public safety, HLS and intelligence agencies market. This can be accounted to the growing deployment of web and mobile applications by organizations. Apart from these, enhanced cybersecurity products provide comprehensive security to critical business applications, which is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of solution, the systems segment is assessed to acquire the largest share during the forecast period, which can be credited to the increasing demand for non-lethal weapons for controlling riot situations.

Our in-depth analysis of the global market includes the following segments

        By Solution

  • Systems
  • Services

        By Installation

  • New Installation
  • Upgrade

         By End User

 

  • Cybersecurity
  • Aviation Security
  • Maritime Security
  • Law Enforcement
  • Critical Infrastructure Security
  • Risk and Emergency Services
  • Border Security
  • Others

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IT in Public Safety, HLS & Intelligence Agencies Industry - Regional Synopsis

On the basis of geographical analysis, the global IT in public safety, HLS and intelligence agencies market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing emphasis on modernization of existing IT infrastructure for public safety, and increasing geo-political tensions around the region. In addition, rise in defense related expenditure is also projected to boost the region’s market growth in the near future. As per the World Bank, India’s total military expenditure as a share of GDP in 2018 was 2.833 percent, which grew up to 2.395 percent in 2019. Moreover, the market in North America is anticipated to grab the largest share during the forecast period owing to the high usage of IT in HLS and intelligence agencies, emergence of strict regulatory framework and strong presence of prominent market players in the region.

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Companies Dominating the IT in Public Safety, HLS and Intelligence Agencies Landscape

    • 3M Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ABB, Ltd.
    • Accenture Plc
    • AeroVironment Inc.
    • AT&T Inc.
    • Avigilon Corporation
    • BioEnable Technologies Pvt Ltd
    • Bollinger Shipyards, Inc
    • Cisco Systems, Inc.
    • China Security & Surveillance, Inc.

In the News

  • July 2020- Cisco announced the availability of Cisco SecureX, which is an integrated cloud-native security platform. It can manage security challenges and accelerated digital transformations with network, cloud and application security.

Author Credits:  Abhishek Verma


  • Report ID: 3525
  • Published Date: Aug 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

IT in Public Safety, HLS and Intelligence Agencies Market size is expected to expand at around 7.2% CAGR during the forecast period i.e., between 2024-2036.

The market growth is driven by growing adoption of cloud-based applications and services and rising emergence of big data analytics in public safety and security.

Asia Pacific industry is likely to dominate majority revenue share by 2036, backed by growing emphasis on modernization of existing IT infrastructure for public safety, and increasing geo-political tensions around the region.

The major players in the market are 3M Company, ABB, Ltd., Accenture Plc, AeroVironment Inc., AT&T Inc., and others.
IT in Public Safety, HLS and Intelligence Agencies Market Report Scope
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