At 28.4% CAGR, the Europe AI for Public Security and Safety Market is projected to be worth US$ 19,231.52 million by 2030, says Business Market Insights

According to Business Market Insights research, the Europe AI for public security and safety market was valued at US$ 3,345.28 million in 2023 and is expected to reach US$ 19,231.52 million by 2030, registering a CAGR of 28.4% from 2023 to 2030. Growing number of smart cities and developments in road traffic management and rising instances of terrorist activities and security breaches are the critical factors attributed to the Europe AI for public security and safety market expansion.               

City corporations and authorities are modifying their processes, technological capabilities, and approaches to serve citizens efficiently and meet the ever-changing needs of societies. Artificial intelligence (AI) can improve the processes defined to detect security risks and effectively respond to them. Advancements in video surveillance technology can also yield productive results. In smart cities, AI-integrated technologies are often employed to perform tasks that humans would otherwise find difficult. Besides, a smart city is a fast-growing concept in urban setups, combining technology and innovation to improve citizens' quality of life and promote sustainability. According to Abdalslam, global investment in smart city technologies reached US$ 158 billion in 2022, and it is expected to reach US$ 158 billion by 2025.  AI-powered video analytics aid in the intelligent and accurate classification of objects (people, cars, etc.) and navigation on roads. When machines tag data in live and recorded video, responders and investigators can identify the people, objects, or movements more quickly and easily, saving hours of trawling through surveillance footage. Such data insights can save the lives of first responders and civilians during emergencies. Public safety is much more than law enforcement and emergency responses, and it also includes proactive measures taken by cities to prevent different incidents and mishaps. The system architecture consists of AI modules with machine learning (ML) algorithms, IoT technology and sensors, smart drones, intelligent video surveillance, data analysis, and cybersecurity modules, which can efficiently protect citizens and their data from criminals while providing high speed and accuracy. Therefore, the growing number of smart cities, transit organizations, and public-facing businesses are expected to boost the Europe AI for public security and safety market.

On the contrary, high costs of public safety and security solutions hurdles the growth of Europe AI for public security and safety market.

Based on application, the Europe AI for public security and safety market is segmented into preventative policing, criminal investigation, combating terrorism, emergency response and disaster management, and others. The preventative policing segment held 38.6% share of Europe AI for public security and safety market in 2023, amassing US$ 1,292.58 million. It is projected to garner US$ 7,232.03 million by 2030 to expand at 27.9% CAGR during 2023–2030.

Based on component, the Europe AI for public security and safety market is bifurcated into solution and services. The solution segment held 69.7% share of Europe AI for public security and safety market in 2023, amassing US$ 2,331.40 million. It is projected to garner US$ 13,717.51 million by 2030 to expand at 28.8% CAGR during 2023–2030.

Based on end-use industry, the Europe AI for public security and safety market is segmented into law enforcement agencies, federal intelligence and security, and others. The law enforcement agencies segment held 44.9% share of Europe AI for public security and safety market in 2023, amassing US$ 1,501.13 million. It is projected to garner US$ 9,138.64 million by 2030 to expand at 29.4% CAGR during 2023–2030.  

Based on country, the Europe AI for public security and safety market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 36.4% share of Europe AI for public security and safety market in 2023. It was assessed at US$ 1,216.18 million in 2023 and is likely to hit US$ 7,668.04 million by 2030, exhibiting a CAGR of 30.1% during the forecast period.  

Key players profiled in the Europe AI for public security and safety market report Atos SE, Hexagon AB, Hitachi Ltd, Honeywell International Inc, International Business Machines Corp, Motorola Solutions Inc, Thales SA, Veritone Inc, Voyager Labs Ltd, and XenonStack Pvt Ltd.

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