Public Safety and Security Market
                     Public Safety 
and Security 
Market
: Future
of Healthcare in
an Aging World 
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The size of the public safety and security market was at $411 billion in the year 2021, which will 
reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the 
years to come. This is largely ascribed to the rising application of innovative technologies in 
smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the 
growing count of terrorist activities globally.
North America public safety and security market had the largest revenue, of about $160 billion, 
worldwide in 2021. This is attributed to the existence of numerous vendors and strict 
government regulations. Additionally, the rise in the usage of smartphones, as well as high 
internet penetration, and high evolution in the e-commerce industry are other major driving 
factors. For example, there were approximately 300 million internet users all around the U.S. in 
the year 2021.
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Conversely, the APAC public safety and security market will register the highest growth, of 
around 12%, by the end of this decade. This can be credited to the surging acceptance of 
advanced surveillance systems in numerous countries of the region. Furthermore, the existence 
of a large count of mobile internet users also pushes the growth of the market. According to the 
experts of the industry, China contains approximately 64% of the 1.5 billion total mobile 
internet connections, thus enhancing the requirement for public safety and security solutions.
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The Peoples Republic of China is progressively accepting surveillance systems to connect all 
security cameras in the nation through a cloud, which has a database of every individual's 
financial ID and personal details. It assists in the identification of personal details within a few 
seconds, with about 90% efficacy. Furthermore, 90% of the most monitored cities in the nation, 
and over 50% of the surveillance cameras globally, are in China.
Homeland security had the major share of sales, of about 35% of the public safety and security 
market, in 2021. This is majorly because of the increase in numerous research activities and 
continuous innovations in the public safety and security industry around the globe. Developed 
countries are putting numerous efforts to lessen events of terrorist attacks in the future. For 
example, the federal government spends about $100 billion yearly on homeland security 
solutions including emergency, state, local law enforcement, and federal services.
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market
Recently, players in the public safety and security market are involved in mergers & acquisitions 
for attaining a significant position. For example, Honeywell International Inc. in December 2021, 
publicized the acquisition of US Digital Designs Inc. to develop Honeywell's business fire and 
connected life safety business.
The demand for the public safety and security market is on the rise because of the surging 
implementation of advanced technologies.
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