Free Press Release
Create Free Account! Members Login
Art & Entertainment Automotive Blogging & Social Media Business Computer Design Education Environment Events / Trade Shows Games & Entertainment Government Health and Fitness Home & Family Industry Legal / Law Lifestyle News & Society Politics Religion Sports Technology Web sites / Internet

Press Release / Technology / Public Safety and Security Market Foreseen to Grow Exponentially by 2022

Public Safety and Security Market Foreseen to Grow Exponentially by 2022

By KyraMania on May 29 2020 | 162 Views

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%

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.
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
Browse in-depth TOC on "Public Safety and Security Market”
94- Tables
41- Figures
160- Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1024
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.
Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1024
APAC to grow at the highest CAGR in the market during the forecast period
The primary forces driving the APAC market growth are increasing technology adoption, huge opportunities across critical Infrastructure sector, and increase in the number of startups in APAC countries, especially India. In recent years, the APAC region has witnessed tremendous economic growth, political transformations, and social changes. The region has a large number of established SMEs, which are growing at an exponential rate to cater to their broad customer base. Due to the increasing sophistication levels of threats, China, India, and Japan have all updated or introduced new public safety and security policies. Although initially the APAC region was outsourcing its network infrastructure security as it was not in a position to handle complex and multiple cyber threats, the scenario is changing gradually due to the emergence of a wide range of security players, high penetration of cloud-based services, and increased public safety offerings by vendors in the region.
The report details various growth strategies, such as mergers and acquisitions, partnerships and collaborations, business expansions, and product developments, adopted by the major players to increase their market share. Some of the major technology vendors in the public safety and security are SAP(Germany), Genetec (Canada), Hitachi Vantara (US), Atos (France), Bittium (Finland), 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).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source: https://www.marketsandmarkets.com/PressReleases/public-safety-security.asp



Latest Exclusive Press Release
Telecom Billing and Revenue Management Market In-Depth Investigation and Analysis Report
Mobile Money Market Analysis and Foresight Report
Emergency shutdown systems to hold largest share of industrial safety market
Ecosmob Announce Kiosk Solution Development Services for Various Industry Segments
Educational Robot Market by Type (Humanoid and Non-Humanoid) Global Forecast to 2023
Popular Press Release
Zeng Fanzhi Parcours Exhibition 2016 in Beijing
Feel-planet.com Has Made It Possible to Discover the Wonders of the World Online
Home Ministry’s Population Register Worse than Prisoner Identification
Best Web Hosting Service in India
First Time Home Buyers Tax Credits STILL Available For Troops!


Art & Entertainment Automotive Blogging & Social Media Business
Computer Design Education Environment
Events / Trade Shows Games & Entertainment Government Health and Fitness
Home & Family Industry Legal / Law Lifestyle
News & Society Politics Religion Sports
Technology Web sites / Internet