Showing posts with label Homeland Security. Show all posts
Showing posts with label Homeland Security. Show all posts

Public Safety and Security Market to Surpass USD 1.2 Trillion by 2032, Driven by AI and IoT Adoption

According to the latest market research study published by P&S Intelligence, the global public safety and security market reached USD 517.6 billion in 2024 and is projected to grow to USD 1,214.2 billion by 2032, reflecting a robust CAGR of 11.4% from 2025 to 2032. Growth is being driven by rapid adoption of AI and IoT technologies, which are advancing smart‑city initiatives and boosting surveillance and emergency response capabilities. Additionally, rising crime rates, catastrophic accidents, and increasing terrorism threats are compelling governments and enterprises to invest heavily in comprehensive security infrastructure. Regulatory support—including increased funding and policy reforms—combined with growing public demand for effective safety measures and enhanced global cooperation are also stimulating market expansion.

Key Insights

  • Solutions dominate the component landscape, holding approximately 60% market share in 2024, thanks to their widespread use in surveillance, alarming, and safety across urban, commercial, and infrastructure sectors.
  • The services segment is the fastest‑growing, projected to expand at a 12% CAGR, as organizations outsource security needs to specialist providers for access to advanced tech, expert skills, and cost efficiencies.
  • In application breakdown, homeland security accounted for around 45% of revenue in 2024, with significant government investment—such as the U.S. dedicating approximately USD 100 billion annually across federal, state, emergency, and law enforcement services.
  • Critical infrastructure security is the fastest‑growing application vertical, with an anticipated 13.5% CAGR, driven by escalating interconnectivity and cybersecurity threats.
  • From a deployment perspective, on‑premises solutions hold about 65% share in 2024, favored for greater control over sensitive data, lower latency, customization, and compliance—especially where privacy is paramount.
  • Meanwhile, cloud‑based deployment is gaining ground with an expected 15% CAGR, offering scalability, real‑time monitoring, easier access to updates, and reduced reliance on extensive onsite infrastructure.
  • Regionally, North America led the market in 2024 with roughly USD 210 billion in revenue, supported by a mature vendor landscape, stringent regulations, and high smartphone penetration.
  • The Asia‑Pacific (APAC) region is forecast to grow at the highest CAGR of 13%, buoyed by strong adoption of surveillance systems, massive mobile internet user bases (e.g., China’s 1.04 billion internet users in 2022), and active smart‑city rollouts across India and other nations.
  • In India, initiatives like Smart Cities Mission, Swachh Bharat Mission, and increased CCTV installations—especially in states like Telangana and Tamil Nadu, which together account for over 50% of the country's surveillance cameras—are significantly boosting demand.
  • Competitive dynamics remain fragmented with global and regional players such as Cisco Systems, Honeywell, Motorola Solutions, IBM, NEC, Siemens, Thales, Huawei, Hexagon, L3Harris, Esri, and Axon Enterprise pursuing M&A and innovation strategies to strengthen market position.
  • Innovation continues through partnerships and product launches: in mid‑2024, Cisco and Singapore’s HTX began trialing 5G‑and‑AI homeland security solutions; Cisco and Telenor expanded their collaboration to enhance cloud connectivity and cybersecurity in underserved regions; Axon launched new lightweight, customizable body cameras in January 2024 targeting retail and healthcare environments.
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How Does Rising Demand for Security Enforcement Propels Ballistic Protection Industry?

The ballistic protection industry has garnered $12,478.08 million revenue, and it is projected to generate $19,378.54 million revenue in 2030, advancing at a rate of 5.01%. It is led by the surging use of ballistic protective materials in law and military enforcement organizations across the world. It is ascribed to protecting law enforcement personnel, military personnel, and vehicles from projectiles, mortars, mines, explosives, falling glass, and other dangerous materials.

Ballistic Protection Market

In addition, these protective materials function in a different way, usually when they are struck by bullets or explosives.

Moreover, the rise in the homeland security forces, such as police, VIP security staff, and first responders, along with the rise in the defense budget boosts the industry growth. Also, governments focus on proliferating and protecting military capabilities due to increasing cross-border disputes.

North America captures the largest industry share of the industry. It is led by rising demand for lightweight armor, surging R&D expenditure, technical advancements, and the presence of key players. The major industry players offer ballistic protection solutions, which include helmets, vehicle armor, shields, and uniforms.

Moreover, celebrities, political leaders, and other famous individuals select private security services, led by increasing security threats, growing terrorist attacks, and cross-border conflicts leading to the increasing requirement for ballistic protection in the Canada and U.S.

On the other hand, the APAC industry is projected to experience rapid growth in the coming years. It is ascribed to increasing defense expenditure in countries such as China, India, Australia, South Korea, and Japan, including the growing economy of the region.

In addition, governments of the above-mentioned countries focus on partnering with the contractors and providing them assistance in the procurement process with financial support and infrastructure.

Therefore, the rising security concerns and growing demand for improving army survivability boost the demand for ballistic protection.

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