Global Public Safety and Security Market Size is Estimated to Reach USD 1000.52 Million by 2029, Growing at… – WhaTech

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Public safety and security are vital for economic development and the community’s well-being. Improvements can only be witnessed when government embraces the infrastructure and technologies that allow intelligence departments to gather, understand, analyze, and detect activities in real-time. Using smart technologies such as the internet of things (IoT), artificial intelligence, network devices, and technologies enables communities to protect critical infrastructure, improve public safety, and positively affect residents’ lives.

The Global Public Safety and Security market research report published by market insight reports discovers the current outlook in global and key regions from the viewpoint of Major Players, Countries, Product Types, and end industries. This report studies top players in the global market and divides the Market into several parameters.

This Public Safety and Security Market research report pinpoints the competitive landscape of industries to understand the competition at the International level. This report study describes the projected growth of the global market for approaching years from 2024 to 2030. This research report has been accumulated based on static and dynamic views of the businesses.

The global public safety and security market size was USD 397.53 Million in 2020 and is projected to reach USD 1000.52 Million by 2029, exhibiting a CAGR of 10.8% during the forecast period.

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DRIVING FACTORS

Digital Transformation in Security Operations to Propel Market Growth

Increasing digitization, connectivity and data fuel digital transformation. This transformation occurs across industries to create new services, improve operational efficiencies and enhance customer satisfaction. It drastically changes how security organizations operate and increases public safety and security provision as digital transformation has digitized security operations due to a more networked and data-led approach. For instance,

  • The development of 5G and public safety 4G LTE networks will effortlessly enable data flow from the public to control rooms and first responders. Thus, more information on the ground allows quick access to police databases, allowing quick and better decision-making.
  • Likewise, the video security and analytics solutions by Motorola Company are at the forefront of smart video solutions that allow public safety agencies to verify, detect, and act on critical events.
  • Similarly, Avigilon Appearance Search technology allows law enforcement personnel and security operators to comb through huge amounts of recorded video to swiftly locate a specific vehicle or person of interest.

Thus, digital transformation in security operations is fueling public safety and security market growth.

The Leading Players in the Global Public Safety and Security Market:

Cisco, Honeywell, IBM, Siemens, Hexagon AB, L3HRRIS Technology, Teltronic, Idemia, Motorola Solutions, Scadafence, SmartCone Technologies, Cityshob, Alcatel Lucent Enterprise, AGT International, General Dynamics.

KEY INDUSTRY DEVELOPMENTS:

  • April 2021 – Elbit Systems Ltd. acquired BAE Systems Rokar International Ltd. to integrate Rokar’s technology and system to enhance Elbit’s capabilities in networked precision fire solutions areas.
  • March 2021 –  Elbit Systems Deutschland was selected by the German Federal Ministry to supply Night Vision Goggles to the German Police.

Segmentation Analysis of the market:

The market is segmented based on the type, product and application. The segmentation helps to deliver a precise explanation of the market.

Global Public Safety and Security Market By Component, 2020-2029, (USD Million)

Solution

Services

Global Public Safety and Security Market By Deployment Type, 2020-2029, (USD Million)

On-Premise

Cloud

 Global Public Safety and Security Market By Solution, 2020-2029, (USD Million)

Critical Communication Network

C2/C4isr Networks

Biometric Security And Authentication System

Surveillance System

Scanning And Screening System

Emergency And Disaster Management

Cybersecurity

Public Address And General Alarm

Backup And Recovery System

Global Public Safety and Security Market By Services, 2020-2029, (USD Million)

Professional Service

Managed Services

Global Public Safety and Security Market By End-User, 2020-2029, (USD Million)

Homeland Security

Emergency Services

Critical Infrastructure Security

Transportation Systems

Others

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Regional Analysis for Public Safety and Security Market:

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Public Safety and Security Market in these regions, from 2024 to 2030 (forecast) covering:

Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia–Pacific (China, Japan, Korea, India, and Southeast).       

Geographically, the public safety and security market is segmented into five regions such as North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. These regions are further fragmented into countries.

North America is anticipated as a dominant region in the global public safety and security market owing to recurring government investments to improve the existing security infrastructure to tackle illegal immigration and terrorism. Also, U.S. and Canada are homes to several security and safety solutions providers such as General Dynamics and Cisco Systems, Inc.

Asia Pacific is likely to be the fastest-growing region in the near future. Increasing crime rates, rapid urbanization, cross-border terrorism, and illegal immigration are expected to be the key factors fueling the Asia pacific public safety and security market growth. Moreover, the growing number of smart city projects in this region is anticipated to boost the market growth.

Europe accounts for a significant market share due to rising investment by governments in improving their communication and surveillance systems for safety and security purposes.

Important Features that are under Offering and Key Underlines of the Reports:

– Detailed overview of the market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application,.,
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of the Public Safety and Security Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2029)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Table of Contents

– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Public Safety and Security Market Size by Type and Application
– Regional Market Status and Outlook
– Public Safety and Security Market Analysis and Outlook
– Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix

Finally, the Public Safety and Security Market report is a believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, market development rate and figure, and so on. Public Safety and Security industry report additionally Presents new task SWOT examination, speculation attainability investigation, and venture return investigation.

Why Choose Exactitude Consultancy’s Market Report?

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  3. Highly efficient and experienced team of analysts striving to create top-quality reports.
  4. Our reports have facilitated the growth of over 500 companies.
  5. The systematic and methodical market research process.

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