Public Safety and Security Market Key Players p
Public Safety and Security Market: Key Players, Trends,
Share, Size, Growth, Opportunities, Forecast 2022
According
to a new market research report "Public Safety and Security
Market by Solution
(Critical Communication Network, Biometric & Authentication System,
Surveillance System, Emergency & Disaster Management, Cyber Security),
Service, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™, the Public
Safety and Security Market expected to grow from USD
277.02 Billion in 2017 to USD 532.39
Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.0%
during the forecast period.
Browse in-depth TOC on "Public Safety and Security
Market"
94- Tables
41- Figures
160- Pages
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1024
The major forces driving the Public Safety and
Security Market are smart city initiatives, growing trend of IoT, and rise in
criminal activities and terrorist attacks
Many local law enforcement and government agencies
are adopting the advanced public safety and security solutions to minimize the
risk and to secure the public and private sectors from terrorist attacks and
natural calamities. Thus, the adoption of public safety and security is
expected to be high among various verticals across the globe. Security vendors
provide various public safety and security solutions, such as critical
communication network, C2/C4ISR system, biometric security and authentication
system, surveillance system, scanning and screening system, emergency and
disaster management, cyber security, public address and general alarm, and
backup and recovery system. As the frequency of cross border terrorist attacks
on enterprises is growing, the market is expected to gain traction over the
next 5 years.
Critical communication network solutions
segment is estimated to hold the largest market share in the Public Safety and
Security Market in 2017
Public and private organizations are adopting the
critical communication network solutions for better mission-critical
communications. The segment is estimated to hold the largest market share and
dominate the Public Safety and Security Market from 2017 to 2022. Communication
networks in the various sectors such as homeland security, transportation
systems, and emergency systems are critical to the operation of the system and
have strict requirements for consistency and safety.
The transportation system vertical is expected to
grow at the highest CAGR in the Public Safety and Security Market
The homeland security vertical is expected to hold
to the largest market share in the Public Safety and Security Market. There has
been a strong adoption of advanced security technologies in the government and
law enforcement agencies in the recent years. Due to increasing criminal
activities and terrorist attacks, law enforcement and government agencies are
adopting advanced public safety and security technologies. The transportation
system vertical is expected to grow at the highest CAGR in the Public Safety
and Security Market during the forecast period.
North America is expected
to hold the largest market share, whereas APAC is projected to grow at the
highest CAGR
North America is expected
to hold the largest market share and dominate the Public Safety and Security
Market from 2017 to 2022, due to the high number of early technology adopters
in this region. Specific budget allocations and mandated public safety and
security policies are expected to make North
America the most lucrative region for vendors.
A major force driving the adoption of public safety
and security in APAC is the increasing number of smart city projects. Countries
in the region are rapidly digitizing and adopting smart solutions to make the
business operations effective. The threat landscape in APAC is expected to be
increasing at an alarming rate, and so is the spending on public safety and security.
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Major vendors in the Public Safety and
Security Market include Cisco (US), Ericsson (Sweden),
General Dynamics (US), Harris Corporation (US), Hexagon (Sweden), Huawei (China),
IBM (US), Motorola Solutions (US), NEC Corporation (Japan),
and Esri (US).
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