Global Public Safety Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2027. Public Safety Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Public Safety market and provides information regarding the revenue for the period 2021 to 2027.
Global Public Safety Market Size was valued at USD 365 Million in 2020 and is anticipated to showcase a y-o-y growth rate of 7% during 2021-2027, subsequently generating around USD 586.11 million by 2027.
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The global public safety market is being driven by growing number of global catastrophic accidents, crime rates, and terrorist activities, rising adoption of IoT, growth in smart cities and stringent governmental regulations for industrial safety in various regions. Furthermore, the growth of big data analytics in public safety and security and the rising adoption of cloud computing technologies in the public safety industry, will provide new opportunities for the global Public Safety industry. For instance, in May 2020, Aurora Police with Hexagon Public Safety Technology had developed a records management solution and analytics solution for supporting the law enforcement efforts in the Illinois. The developed application will analyze the data and react more efficiently to incidents for serving the community in a better way. Also, in July 2020, the Aurora Police Department is anticipated to deploy HxGN OnCallAnalytics to take a deep dive into crime data. As a result, increased in government organizations’ support will serve as a catalyst for the Public Safety industry in the future. However, high cost associated with the tools and security concern, may impede market growth over the forecast period of 2021-2027.
Major Public Safety market player included in this report are:
- Cisco Systems Inc.
- General Dynamics Corporation
- IBM corporation
- Telefonaktiebolaget LM Ericsson
- L3Harris Technologies Inc
- NEC Corporation
- Atos SE
- Motorola solutions Inc
- Centralsquare Technologies
- Hexagon AB
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key regions considered for the regional analysis of global public safety market. The increasingly sophisticated threats, companies benefitting from the flexible economic conditions, and industrialization-motivated policies of the governments makes Asia Pacific the leading region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, owing to the growth in digitalization in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
By End Use:
- Law enforcement
Global Public Safety Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Public Safety market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Public Safety in 2020?
- What shall be the Public Safety Market size by 2027?
- Which region shall account for the largest market share of the Public Safety Industry?
- What are the market threats and opportunities considered by the vendors in the Public Safety Market?
Questions? Get them answered via https://www.marketstudyreport.com/enquiry-before-buying/4219746/?utm_source=Marketwatch.com/&utm_medium=SP before taking a buying decision on Public Safety Market Report
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