The global public safety and security market size reached USD 433.60 Billion in 2022 and is expected to register a revenue CAGR of 10.0% during the forecast period, according to the latest analysis by Emergen Research. Increasing terrorist activities and security breaches are major factors driving revenue growth of the market. Terrorist activities and crime rates are on rise, increasing concerns regarding safety and security of assets and systems. As a result, countless lives and infrastructure have been damaged and this emphasizes the necessity for public safety and security solutions. According to the U.S. Department of State, terrorist activities have been on rise across the globe. Increasing instances of organized crime pose a significant danger to both national and international security. Criminal networks are expanding and broadening their operations, resulting in a convergence of dangers to public safety, public health, and democratic institutions, as well as an impact on global economic stability.
The report studies the historical data of the Public Safety and Security market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Public Safety and Security industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Public Safety and Security market.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the report are:
Cisco Systems, Inc., Honeywell International, Motorola Solutions, Inc., The International Business Machines Corporation (IBM), NEC Corporation, Siemens AG , Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., Atos SE, and Hexagon AB
Research Report on the Public Safety and Security Market Addresses the Following Key Questions:
- Who are the dominant players of the Public Safety and Security market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Public Safety and Security market?
- What are the key growth drivers and restraining factors of the Public Safety and Security market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Public Safety and Security market and its key segments?
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Emergen Research has segmented the global Public Safety and Security market on the basis of type, type of care, and region
Segments Covered in this report are:
Solution Outlook (Revenue, USD Billion; 2019-2032)
- Critical Communication Network
- C2/C4ISR System
- Surveillance System
- Others
Service Outlook (Revenue, USD Billion; 2019-2032)
- Professional Services
- Managed Services
Vertical Outlook (Revenue, USD Billion; 2019-2032)
- Homeland Security
- Emergency Services
- Critical Infrastructure Security
- Other Verticals
In conclusion, the Public Safety and Security Market report is an exhaustive database that will help readers formulate lucrative strategies. The Public Safety and Security Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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