DUBLIN, March 15, 2018 /PRNewswire/ --
The "Public Safety Analytics Market by Component (Solution and Service), Analytics Type (Predictive, Prescriptive, and Descriptive), Application, Deployment Mode (On-premises and hosted), Industry Vertical, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The author expects the global public safety analytics market size to grow from USD 5.22 Billion in 2017 to USD 11.29 Billion by 2022, at a CAGR of 16.7% during the forecast period.
The rise in criminal activities and terrorist attacks has led to the introduction of data analytics in public safety solutions and services, with an objective to make them ultra-efficient. The hosted deployment mode segment has gained high traction in the market, as it requires less capital investment, helps decrease the operational and maintenance costs, and reduce the management's efforts. This hosted public safety analytics services have been made available according to the customers' demand, wherein customers could start or stop any service according to their will. Public safety agencies have leveraged advanced analytics solutions to provide better services and protect the public and the nation from direct threats.
Public safety analytics offers solutions, which includes video analytics, social media analytics, sensor data analytics, identity analytics, and others (crowd analytics, speech analytics, and text analytics). These solutions have been designed to identify, prevent, respond, and prepare for an emergency event. The identity analytics solutions segment is expected to dominate the public safety analytics market and is estimated to contribute a largest market share in 2017. The social media analytics solutions segment is expected to play a key role in changing the market landscape and grow at the highest CAGR during the forecast period, the rise in the social media analytics platforms could be attributed to the rapid adoption of social media analytics solutions among organizations to prevent citizens from emergencies, such as fire, overcrowding, criminal activities, and natural calamities.
North America is estimated to account for the largest market size in 2017. This is majorly due to the concentrated presence of public safety security solution providers in the region that offer this solutions to various public safety agencies in the region. Furthermore, rapid economic growth in the developing countries along with improvement in the regulatory reforms and economic stability has driven the public safety analytics market growth in APAC. Furthermore, public transportation security, law enforcement and intelligence agencies, critical infrastructure securities, border controls, manufacturing and emergency services are expected to increase investments and adoption of public safety analytics platform, in Latin America.
However, the economic constraints and lack of awareness of public safety solutions and services across the industry verticals are the major restraints for the market growth. The Research and Development (R&D) expends more to develop advanced analytical solutions, this expenditure leads to high pricing of such public safety solution and services.
As the frequency of criminal activities and terrorist attacks has increased over the past 5 years, public safety organizations have increased their public safety investments to better protect the nation and the public.
Furthermore, with the rise in population, the cost of providing public safety and security systems, and the data analytics that comes with it has also increased. Some public safety agencies have confronted severe budget cuts and low funding, such as high installation costs for the citizens' safety systems may restrain the market growth of the public safety analytics market.
Technological proliferation and the resulting evolution of the physical threat landscape is expected to provide significant growth opportunities to the public safety analytics solution and service vendors. There are several established players in this market, such as Hexagon (Sweden), IBM (US), Cisco (US), NEC (Japan), SAP (Germany), Esri (US), SAS (US), Nice Systems (Israel), Splunk (US), Verint Systems (US), Hitachi Vantara (US), Haystax (US).
Key Topics Covered
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.3 Research Assumptions and Limitations
2.3.1 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Public Safety Analytics Market
4.2 Market By Region, 2017 vs 2022
4.3 Market By Component, 2017 vs 2022
4.4 Market By Solution, 2017 vs 2022
4.5 Market By Service, 2017 vs 2022
4.6 Market By Analytics Type, 2017 vs 2022
4.7 Market By Application, 2017 vs 2022
4.8 Market By Deployment Mode, 2017 vs 2022
4.9 Market By Industry Vertical, 2017 vs 2022
4.10 Life Cycle Analysis, By Region, 2017
5 Market Overview and Industry Trends
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Increasing Direct Threats to National Security and Public Safety
5.1.1.2 Rising Investments in Smart City Initiatives
5.1.1.3 Growing Adoption of IoT and Connected Devices for Public Safety
5.1.2 Restraints
5.1.2.1 Budget Constraints in Adopting Public Safety Analytics Services
5.1.3 Opportunities
5.1.3.1 Proliferation of Hosted Public Safety Analytics Solutions and Services
5.1.3.2 Introduction of ML/AI-Based Public Safety Solutions and Services
5.1.4 Challenges
5.1.4.1 Lack of Awareness of Public Safety Analytics Solutions and Services
5.2 Use Cases
5.2.1 Introduction
5.2.1.1 Use Case #1: Allgovision: Indian Railways
5.2.1.2 Use Case #2: Talkwalker: Beyondcsr
5.3 Innovation Spotlight
5.3.1 Phonexia
5.3.2 Iomniscient
5.3.3 Viisights
6 Public Safety Analytics Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Video Analytics
6.2.2 Social Media Analytics
6.2.3 Sensor Data Analytics
6.2.4 Identity Analytics
6.2.5 Others
6.3 Services
6.3.1 System Integration
6.3.2 Support and Maintenance
6.3.3 Consulting Services
6.3.4 Managed Services
7 Public Safety Analytics Market, By Analytics Type
7.1 Introduction
7.2 Predictive Analytics
7.3 Prescriptive Analytics
7.4 Descriptive Analytics
8 Market By Application
8.1 Introduction
8.2 Pattern Recognition
8.3 Incident Detection
8.4 Person of Interest Screening
8.5 Surveillance
9 Market By Deployment Mode
9.1 Introduction
9.2 On-Premises
9.3 Hosted
10 Public Safety Analytics Market, By Industry Vertical
10.1 Introduction
10.2 Law Enforcement and Intelligence Agencies
10.3 Border Control (Land, Sea, and Air)
10.4 Public Transportation Security
10.5 Critical Infrastructure Security
10.6 Others
11 Public Safety Analytics Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 Middle East and Africa
11.6 Latin America
12 Competitive Landscape
12.1 Overview
12.2 Key Players Operating in the Public Safety Analytics Market
12.3 Competitive Scenario
12.3.1 Partnerships/Agreements/Collaborations
12.3.2 New Product Launches
12.3.3 Mergers and Acquisitions
12.3.4 Business Expansions
13 Company Profiles
13.1 Hexagon
13.2 IBM
13.3 Cisco
13.4 NEC
13.5 SAP
13.6 ESRI
13.7 SAS
13.8 Nice Systems
13.9 Splunk
13.10 Verint Systems
13.11 Key Innovators
13.11.1 Hitachi Vantra
13.11.2 Haystax
For more information about this report visit https://www.researchandmarkets.com/research/49t9dz/global_public?w=5
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