The “Public Safety and Security Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Public Safety and Security Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global public safety and security market size was US$ 401.7 billion in 2021. The global public safety and security market is expected to grow to US$ 811.1 billion by 2030, registering a compound annual growth rate (CAGR) of 8.1% during the study period, i.e., 2022-2030.
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COVID-19 Impact Analysis :
The public safety and security market was recording tremendous growth before the wake of the COVID-19 pandemic. The demand for cyber security increased substantially in the past few years. A number of businesses have created fresh security tools to assist security experts in their work during these vital periods. For instance, Thales Group created and integrated new features and third-party apps into the security digital platform in April 2022. The business upgraded its security and mobility solutions using the power of big data, artificial intelligence, and cyber security to meet emergency needs. Thus, such advancements are expected to help the market recover in the coming years.
Regional Analysis :
The Asia-Pacific public safety and security market is projected to record the highest growth rate as the adoption of public safety and security is increasing at a high rate. Further, growing economic advancement and initiatives by government bodies are expected to contribute to the growth of the public safety and security market during the analysis period.
Factors Influencing the Market :
The growing cases of terrorist activities and security breaches will primarily drive the growth of the public safety and security market during the analysis period. The U.S. Department of State estimates that terrorist activities are steadily growing across the globe.
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Recognizing the severity of the situation, governments are also taking crucial steps in order to enhance the safety of the population. For instance, The Minister of Public Safety in Canada introduced a bill C-26, An Act Respecting Cyber Security (ARCS), in June 2022 with the sole aim to intensify Canadas cyber security. Apart from that, the Australian government introduced the Surveillance Bill in order to strengthen security. The Australian Government unveiled Australia’s International Cyber and Critical Technology Engagement Strategy in June 2021, intending to provide a safer, more secure, and prosperous cyberspace across Australia. Thus, it will be opportunistic for the public safety and security market during the analysis period.
Competitors in the Market
Cisco
Honeywell
Motorola Solutions
IBM
NEC
Siemens
Thales
Ericsson
Huawei
Tyco
Aros
Hexagon AB
Idemia
General Dynamics
ESRI
L3HRRIS Technology
Alcatel Lucent Enterprise
BAE systems
Verint Systems
Haystacks
Elbit systems
Teltronic
AGT International
Rave Mobile Safety
NICE
Fotokite
Scadafence
TVIlight
Briefcam
Openpath
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SmartCone Technologies
3XLogic
Cityshob
SavYU
Onsolve
Other Prominent Players
Market Segmentation
The global public safety and security market segmentation focuses on Components, Solutions, services, Vertical, and regions.
Public Safety and Security Market, By Component
Solution
Services
Public Safety and Security Market, By Solution
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
Public Safety and Security Market, By Services
Professional Service
Managed Services
Public Safety and Security Market, By Vertical
Homeland Security
Emergency Services
Critical Infrastructure Security
Transportation Systems
Other Verticals
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Public Safety and Security Market, By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America
Key questions answered in the Public Safety and Security market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Public Safety and Security market over the forecast period?
- What are the factors driving and restraining the market for Public Safety and Security?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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