Safe City Market Size to Surpass USD 115.5 Billion by 2032,
From GlobeNewswire: 2025-06-10 09:40:00
The Safe City Market was valued at USD 35.0 billion in 2023, projected to reach USD 115.5 billion by 2032 with a CAGR of 14.2%. The US market was valued at USD 8.43 billion in 2023, estimated to hit USD 24.15 billion by 2032, growing at a CAGR of 12.45%. Factors driving growth include government investments, urban security concerns, and AI-powered surveillance technologies. North America leads the market, with Asia-Pacific showing the fastest growth due to urban population increase and government investments in public safety. Key segments include hardware, software, services, command & control systems, cybersecurity, and more. Honeywell, Bosch, and Siemens are among the key players in the market, introducing new AI-driven analytics platforms and cybersecurity solutions.
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