The Global Public Safety And Security market drivers and restraints market is further segmented in terms of applications, end-user, end-use, geographic presence, by-products as well as services. In addition, the subject matter experts evaluating the industry provide an all-inclusive category-specific industry outlook. A comprehensive collection of data on major companies occupying a strong foothold in the industry adds immense value to the overall research.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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.
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The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Public Safety and Security market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Key Players Profiled 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
The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.
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Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Public Safety and Security market expected to boost the growth of the industry in the coming years.
Public Safety and Security Market Segmentation:
- Solution Outlook (Revenue, USD Billion; 2019-2032)
- Critical Communication Network
- C2/C4ISR System
- Surveillance System
- 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
Key Questions Answered in the Report:
What is the growth rate of the Public Safety and Security market? What is the anticipated market valuation of Public Safety and Security industry by 2027?
What are the key growth driving and restraining factors of the Public Safety and Security market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Public Safety and Security industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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