At 29.1% CAGR, the North America AI for Public Security and Safety Market is projected to be worth US$ 26,704.24 million by 2030, says Business Market Insights

According to Business Market Insights research, the North America AI for public security and safety market was valued at US$ 4,476.81 million in 2023 and is expected to reach US$ 26,704.24 million by 2030, registering a CAGR of 29.1% from 2023 to 2030. Rising instances of terrorist activities and security breaches and growing number of smart cities and developments in road traffic management are the critical factors attributed to the North America AI for public security and safety market expansion.               

The nature of terrorist threats has changed significantly over the past years with the discovery and use of new technologies by these organizations. Previously, governments and (re)insurers structured their containment strategies and responses to tackle large-scale attacks. However, they have begun focusing on cyberterrorism, which has emerged as a new threat, necessitating the adoption of advanced security systems. Oliver Wyman, a subsidiary of Guy Carpenter, projects that 30 billion connected devices would be in use by 2030, leaving more assets vulnerable to attack and greater scope to exploit. A shift has begun in the nature of cyber incidents, right from affecting primarily consumers to impacting political or economic systems. In addition, the expansion and diversification of criminal networks and activities result in threats to public safety and democratic institutions’ security, affecting overall economic stability. In June 2022, the Canadian Minister of Public Safety strengthened Canada’s cybersecurity by introducing Bill C-26, a Cybersecurity Respect Act (ARCS). This proposed legislation is expected to protect Canadians and enhance cybersecurity in the telecommunications, energy, financial, and transportation sectors. AI has profoundly impacted society and received significant attention worldwide as a tool that can process vast volumes of data, and discover patterns and correlations in the given data, surpassing human’s capability and improving the effectiveness and efficiency of complex information analysis. As AI is a general-purpose technology, such advantages can also be used in counterterrorism. There is also growing interest among law enforcement and counterterrorism agencies worldwide to explore the transformative potential of AI in their operations. It also enables law enforcement authorities to expand their existing capacities and cope with the massive increase in data volumes. AI automates highly repetitive tasks to reduce workloads, helps analysts predict future terror attacks in well-defined and narrowly defined situations, identify suspicious financial transactions with terror financing, and aid in keeping watch on internet spaces for terrorist activities at a scale and speed beyond traditionally available human capabilities. Therefore, AI has significant potential to contribute to the fight against terrorism. 

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

Based on application, the North America 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 36.5% share of North America AI for public security and safety market in 2023, amassing US$ 1,635.86 million. It is projected to garner US$ 9,578.88 million by 2030 to expand at 28.7% CAGR during 2023–2030.

Based on component, the North America AI for public security and safety market is bifurcated into solution and services. The solution segment held 68.9% share of North America AI for public security and safety market in 2023, amassing US$ 3,082.46 million. It is projected to garner US$ 18,840.25 million by 2030 to expand at 29.5% CAGR during 2023–2030.

Based on end-use industry, the North America 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 47.4% share of North America AI for public security and safety market in 2023, amassing US$ 2,123.52 million. It is projected to garner US$ 13,377.18 million by 2030 to expand at 30.1% CAGR during 2023–2030. 

Based on country, the North America AI for public security and safety market is segmented into the US, Canada, Mexico. Our regional analysis states that the US captured 71.9% share of North America AI for public security and safety market in 2023. It was assessed at US$ 3,220.78 million in 2023 and is likely to hit US$ 19,690.95 million by 2030, exhibiting a CAGR of 29.5% during the forecast period.  

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

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