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South & Central America AI for Public Security and Safety Market Forecast to 2030 - COVID-19 Impact and Regional Analysis - By Application (Preventative Policing, Criminal Investigation, Combating Terrorism, Emergency Response and Disaster Management, and Others), End User (Law Enforcement Agencies, Federal Intelligence and Security, and Others), and Component (Solution and Services)
Market Report I 2023-08-21 I 136 Pages I The Insight Partners
The South & Central America AI for public security and safety market is expected to grow from US$ 292.40 million in 2023 to US$ 1,521.91 million by 2030. It is estimated to grow at a CAGR of 26.6% from 2023 to 2030.
Advancements in AI Drive South & Central America AI for Public Security and Safety Market
AI and ML influence how people live and work. Both these technologies have multiple potential applications in different sectors; AI is opening up new boundaries in healthcare, finance, and transportation by automating routine tasks, along with predicting future trends. In addition, AI-based systems can improve customer experience, detect fraud and anomalies, optimize processes, and so on. Also, the AI industry has made great strides in a relatively short period. The continued growth of AI-powered analytics tools and platforms is likely to enable companies to extract insights from vast volumes of information. For instance, in March 2023, Microsoft announced an AI-enabled Security Copilot, a new assistant for cybersecurity professionals. The tool was powered by OpenAI's GPT-4 technology. Further, with the advent of big data and the increasing importance of data-driven decision-making, AI software tools are becoming crucial for companies as they focus on remaining competitive in rapidly evolving markets. Using AI in security technologies can improve operational security by increasing the probability and speed of detection, reducing the workload and fatigue of operators, and helping security personnel focus on crucial areas. In addition to developing new applications and programs, companies must incorporate responsible AI principles into their automation strategies. Therefore, AI systems will continue to play a pivotal role in shaping the world, and more advancements are expected to introduce new trends in the South & Central America AI for public security and safety market in the future.
South & Central America AI for Public Security and Safety Market Overview
South America was one of the world's most economically diverse continents. Colombia and Brazil are rapidly evolving into digital innovation, with Chile considered a 'standout' country, ranking among the highest in digitization and innovation. This digital transformation would provide new opportunities for the South & Central America AI for public security and safety market across the region in the coming years. According to the AI Readiness Index 2022 published by Oxford University, Chile, Brazil, and Colombia are leading the way in using AI in public services in South America. The report also stated that Argentina and Uruguay have the infrastructure to explore the new technology, but their governments have not been as proactive. According to the same report, Peru released a national AI strategy. However, as the country has a poor ICT structure and domestic IT sector, the adoption of AI is slow. South& Central America's interest in AI is growing rapidly, especially among private companies. During the end of 2022, representatives of several regional governments met in Bogota to develop a regional strategy for artificial intelligence. Initiatives by different countries of South & Central America to use AI is fueling the growth of the overall market in the region.
South & Central America AI for Public Security and Safety Market Revenue and Forecast to 2030 (US$ Million)
South & Central America AI for Public Security and Safety Market Segmentation
The South & Central America AI for public security and safety market is segmented into application, end user, component, and country.
Based on application, the South & Central America AI for public security and safety market is segmented into preventative policing, criminal investigation, combating terrorism, emergency response and disaster management, and others. In 2023, the preventative policing segment registered a largest share in the South & Central America AI for public security and safety market.
Based on component, the South & Central America AI for public security and safety market is bifurcated into solution and services. In 2023, the solution segment registered a larger share in the South & Central America AI for public security and safety market.
Based on end-use industry, the South & Central America AI for public security and safety market is segmented into law enforcement agencies, federal intelligence and security, and others. In 2023, the law enforcement agencies segment registered a largest share in the South & Central America AI for public security and safety market.
Based on country, the South & Central America AI for public security and safety market is segmented into Brazil, Argentina, and the Rest of South & Central America. In 2023, Brazil segment registered a largest share in the South & Central America AI for public security and safety market.
Atos SE, Hexagon AB, Hitachi Ltd, Honeywell International Inc, International Business Machines Corp, Motorola Solutions Inc, Thales SA, and Voyager Labs Ltd are the leading companies operating in the South & Central America AI for public security and safety market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America AI for Public Security and Safety Market - By Application
1.3.2 South & Central America AI for Public Security and Safety Market - By End User
1.3.3 South & Central America AI for Public Security and Safety Market - By Component
1.3.4 South & Central America AI for Public Security and Safety Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America AI for Public Security and Safety Market Landscape
4.1 Market Overview
4.2 South & Central America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South & Central America AI for Public Security and Safety Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Number of Smart Cities and Developments in Road Traffic Management
5.1.2 Rising Instances of Terrorist Activities and Security Breaches
5.2 Market Restraints
5.2.1 High Costs of Public Safety and Security Solutions
5.2.2 Cyber Risk and Ethics Concerns
5.3 Market Opportunities
5.3.1 Digital Transformation in the Security Applications
5.4 Future Trends
5.4.1 Advancements in AI
5.5 Impact Analysis of Drivers and Restraints
6. AI for Public Security and Safety Market - South & Central America Analysis
6.1 South & Central America AI for Public Security and Safety Market Overview
6.2 South & Central America AI for Public Security and Safety Market - Revenue and Forecast to 2030 (US$ Million)
7. South & Central America AI for Public Security and Safety Market Analysis - By Application
7.1 Overview
7.2 South & Central America AI for Public Security and Safety Market, By Application (2022 and 2030)
7.3 Preventative Policing
7.3.1 Overview
7.3.2 Preventative Policing: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
7.4 Emergency Response and Disaster Management
7.4.1 Overview
7.4.2 Emergency Response and Disaster Management: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
7.5 Criminal Investigation
7.5.1 Overview
7.5.2 Criminal Investigation: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
7.6 Combating Terrorism
7.6.1 Overview
7.6.2 Combating Terrorism: AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
8. South & Central America AI for Public Security and Safety Market Analysis - By End User
8.1 Overview
8.2 South & Central America AI for Public Security and Safety Market, By End User (2022 and 2030)
8.3 Law Enforcement Agencies
8.3.1 Overview
8.3.2 Law Enforcement Agencies: South & Central America AI for Public Security and Safety Market- Revenue and Forecast to 2030 (US$ Million)
8.4 Federal Intelligence and Security
8.4.1 Overview
8.4.2 Federal Intelligence and Security: South & Central America AI for Public Security and Safety Market- Revenue and Forecast to 2030 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: South & Central America AI for Public Security and Safety Market- Revenue and Forecast to 2030 (US$ Million)
9. South & Central America AI for Public Security and Safety Market Analysis - By Component
9.1 Overview
9.2 South & Central America AI for Public Security and Safety Market, By Component (2022 and 2030)
9.3 Solution
9.3.1 Overview
9.3.2 Solution: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
9.4 Services
9.4.1 Overview
9.4.2 Services: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
10. South & Central America AI for Public Security and Safety Market - Country Analysis
10.1 Overview
10.1.1 South America AI for Public Security and Safety Market Breakdown, by Country
10.1.1.1 Brazil AI for Public Security and Safety Market, Revenue and Forecast to 2030
10.1.1.1.1 Brazil AI for Public Security and Safety Market Breakdown, By Application
10.1.1.1.2 Brazil AI for Public Security and Safety Market Breakdown, By End User
10.1.1.1.3 Brazil AI for Public Security and Safety Market Breakdown, By Component
10.1.1.2 Argentina AI for Public Security and Safety Market, Revenue and Forecast to 2030
10.1.1.2.1 Argentina AI for Public Security and Safety Market Breakdown, By Application
10.1.1.2.2 Argentina AI for Public Security and Safety Market Breakdown, By End User
10.1.1.2.3 Argentina AI for Public Security and Safety Market Breakdown, By Component
10.1.1.3 Rest of SAM AI for Public Security and Safety Market, Revenue and Forecast to 2030
10.1.1.3.1 Rest of SAM AI for Public Security and Safety Market Breakdown, By Application
10.1.1.3.2 Rest of SAM AI for Public Security and Safety Market Breakdown, By End User
10.1.1.3.3 Rest of SAM AI for Public Security and Safety Market Breakdown, By Component
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Hexagon AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Atos SE
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Motorola Solutions Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Honeywell International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hitachi Ltd
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Veritone Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 International Business Machines Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Voyager Labs Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Thales SA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South & Central America AI for Public Security and Safety Market - Revenue and Forecast to 2030 (US$ Million)
Table 2. South America AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By Country (US$ Million)
Table 3. Brazil AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By Application (US$ Million)
Table 4. Brazil AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By End User (US$ Million)
Table 5. Brazil AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By Component (US$ Million)
Table 6. Argentina AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By Application (US$ Million)
Table 7. Argentina AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By End User (US$ Million)
Table 8. Argentina AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By Component (US$ Million)
Table 9. Rest of SAM AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By Application (US$ Million)
Table 10. Rest of SAM AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By End User (US$ Million)
Table 11. Rest of SAM AI for Public Security and Safety Market, Revenue and Forecast to 2030 - By Component (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America AI for Public Security and Safety Market Segmentation
Figure 2. South & Central America AI for Public Security and Safety Market Segmentation - By Country
Figure 3. South & Central America AI for Public Security and Safety Market Overview
Figure 4. Preventative Policing Segment held the Largest Share of South & Central America South & Central America AI for Public Security and Safety Market
Figure 5. Law Enforcement Agencies Segment held the Largest Share of South & Central America AI for Public Security and Safety Market
Figure 6. Solution Segment held the Largest Share of South & Central America AI for Public Security and Safety Market
Figure 7. Brazil to Show Great Traction During Forecast Period
Figure 8. SAM: PEST Analysis
Figure 9. Expert Opinion
Figure 10. South & Central America AI for Public Security and Safety Market Impact Analysis of Drivers and Restraints
Figure 11. South & Central America AI for Public Security and Safety Market - Revenue and Forecast to 2030 (US$ Million)
Figure 12. South & Central America AI for Public Security and Safety Market Revenue Share, By Application (2022 and 2030)
Figure 13. Preventative Policing: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 14. Emergency Response and Disaster Management: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 15. Criminal Investigation: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 16. Combating Terrorism: AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 17. Others: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 18. South & Central America AI for Public Security and Safety Market Revenue Share, By End User (2022 and 2030)
Figure 19. Law Enforcement Agencies: South & Central America AI for Public Security and Safety Market- Revenue and Forecast to 2030 (US$ Million)
Figure 20. Federal Intelligence and Security: South & Central America AI for Public Security and Safety Market- Revenue and Forecast to 2030 (US$ Million)
Figure 21. Others: South & Central America AI for Public Security and Safety Market- Revenue and Forecast to 2030 (US$ Million)
Figure 22. South & Central America AI for Public Security and Safety Market Revenue Share, By Component (2022 and 2030)
Figure 23. Solution: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 24. Services: South & Central America AI for Public Security and Safety Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 25. South America AI for Public Security and Safety Market - Revenue (2022) (US$ Million)
Figure 26. South America AI for Public Security and Safety Market Breakdown, by Country, 2022 & 2030 (%)
Figure 27. Brazil AI for Public Security and Safety Market, Revenue and Forecast to 2030 (US$ Million)
Figure 28. Argentina AI for Public Security and Safety Market, Revenue and Forecast to 2030 (US$ Million)
Figure 29. Rest of SAM AI for Public Security and Safety Market, Revenue and Forecast to 2030 (US$ Million)
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