Public Safety and Security Market to Surpass USD 1.2 Trillion by 2032

NEW YORK - EntSun -- The global public safety and security market was valued at USD 517.6 billion in 2024 and is projected to reach USD 1,214.2 billion by 2032, representing a robust CAGR of 11.4% during 2025–2032. This growth is largely being driven by rapid technological advancements — particularly adoption of AI and IoT — that are enabling smarter city infrastructure, enhanced surveillance capabilities, and faster emergency response systems. Rising crime rates, catastrophic accidents, and the persistent threat of terrorism have escalated the need for reliable public safety and security solutions globally, prompting increased investments from both governments and private organizations.

Key Insights

• The market remains fragmented, reflecting a wide variety of stakeholders — from large global vendors to regionally specialized firms — offering diverse security solutions tailored to different sectors and geographies.
• In 2024, "Solutions" (technology-based offerings like surveillance, analytics, and security systems) represented approximately 60% of the total market share, making them the largest component.
• The "Services" segment is forecast to grow at a CAGR of about 12% through 2032. This reflects a growing trend of organizations outsourcing security operations to expert providers — leveraging their specialist skills, access to advanced technologies, and operational efficiencies.

Browse detailed report analysis on "Public Safety and Security Market Growth and Forecast Report, 2032 (https://www.psmarketresearch.com/market-analysis/public-safety-security-market)"

• Among applications, "Homeland Security" was the largest — with around 45% revenue share in 2024 — driven by significant investments and innovations worldwide in national security, emergency preparedness, and defense modernization.
• Regarding deployment mode, on-premises solutions dominated in 2024 — holding around 65% share — due to their appeal for operations requiring high data security, regulatory compliance, and low latency.
• Meanwhile, cloud-based deployment is poised for rapid growth (projected CAGR of 15%), driven by benefits like scalability, flexibility, real-time monitoring and easier updates — making them attractive for organizations seeking to modernize security infrastructure with minimal onsite footprint.
• The market's competitive landscape includes a mix of large multinational corporations and specialized regional players. Key providers named in the report include Cisco Systems Inc., Honeywell International Inc., Motorola Solutions Inc., IBM Corporation, NEC Corporation, Siemens AG, Thales S.A., Huawei Technologies Co. Ltd., Hexagon AB, L3Harris Technologies Inc., Esri and Axon Enterprise Inc.
• Growing global collaboration and cross-border cooperation on security — including counterterrorism, critical infrastructure protection, and disaster response — is driving innovation toward integrated, multi-jurisdictional public safety solutions.

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