Europe Public Infrastructure Safety Market Size (2024 - 2029)

Europe Public Infrastructure Safety Market Analysis

The Europe Public Infrastructure Safety Market size is estimated at USD 1.11 billion in 2024, and is expected to reach USD 2.9 billion by 2029, growing at a CAGR of 21.20% during the forecast period (2024-2029).

• The growing number of accidents, crime rates, terrorist activities, and investments in smart technologies are contributing to the growth of this market. Increasing threats from terrorism and crime have heightened the need for robust security measures to protect public infrastructure, such as transportation hubs, government buildings, and public spaces.
• Several countries in the region use artificial intelligence (AI) in video surveillance, as it provides significant benefits in detecting unusual incidents and generating alerts. In Europe, security cameras use AI to detect vehicles 57% of the time and people 43% of the time.
• The rising number of terror attacks increases the demand for public infrastructure safety solutions. Furthermore, governments invest in physical security solutions to reduce crime rates and protect residents, employees, and assets.
• The high initial investment is a significant hindrance to market growth. Governments are spending on installing surveillance systems, biometric security, critical communication networks, and scanning and screening systems, which incur high installation and maintenance costs.
• The Russia-Ukraine war has significantly impacted the public infrastructure safety market in Europe, driving growth through heightened security concerns, increased government spending, and a greater emphasis on resilience and modernization. The war has elevated the perception of threats, including potential military actions, cyberattacks, and terrorism. This has led European countries to prioritize the protection of critical infrastructure such as energy grids, transportation networks, and public buildings.

Europe Public Infrastructure Safety Industry Segmentation

Public infrastructure safety refers to the security of infrastructure, which includes all essential systems and facilities that allow the smooth flow of an economy's day-to-day activities and enhance the people's standard of living.

The European public infrastructure safety market is segmented by security type (physical security [screening & scanning and video surveillance], building management systems, and vehicle identification management), deployment type (on-premise and cloud-based), end-user industry (transportation, healthcare, educational, and other end-user industries), and country (United Kingdom, Germany, France, and Rest of Europe). The report offers the market size and forecasts for all the above segments in value (USD).