Public Safety & Security Market Scope
Public safety and security systems feature a huge set of hardware components along with software solutions. Governments spend considerable resources on the installation of critical communication networks, biometric security and authentication systems, surveillance systems, scanning and screening systems, and emergency and disaster management systems. Owing to the increasing security threats, it has become imperative for public safety agencies to collaborate and share information regarding possible threats to work toward a preventive mechanism to ensure optimal safety.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AGT International (Switzerland), Alcatel-Lucent Enterprise (France), Atos (France), BAE Systems (United Kingdom), Cisco Systems (United States), Elbit Systems (Israel), Ericsson (Sweden), Esri (United States), General Dynamics (United States), Harris (United States), Haystax Technology (United States), Hexagon (Sweden), Honeywell (France) and Huawei (China) |
CAGR | % |
Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Public Safety & Security market throughout the predicted period.
AGT International (Switzerland), Alcatel-Lucent Enterprise (France), Atos (France), BAE Systems (United Kingdom), Cisco Systems (United States), Elbit Systems (Israel), Ericsson (Sweden), Esri (United States), General Dynamics (United States), Harris (United States), Haystax Technology (United States), Hexagon (Sweden), Honeywell (France) and Huawei (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are IBM (United States), IDEMIA (France), Motorola Solutions (United States), NEC (Japan) and NICE (Israel).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Public Safety & Security market by Type , by Application (Surveillance and Security, Disasters management, Emergency Communcations and Others) and Region with country level break-up.
On the basis of geography, the market of Public Safety & Security has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In July 2020, Cisco acquired Fluidmesh Networks, a provider of resilient wireless backhaul solutions. With this acquisition, Cisco will leverage Fluidmesh's products to support the growing demand for wireless mission-critical applications and on-the-move assets.
In July 2020, Motorola Solutions released two new products: Avigilon Cloud Services (ACS) 3.8 and the L5Q License Plate Recognition Camera. These solutions help Public-Private Partnerships (PPPs) to ensure safety and security and provide real-time information to law enforcement agencies. and In June 2020, Honeywell announced the launch of Honeywell Forge Cybersecurity Suite. The Honeywell Forge Cybersecurity Suite offers improved industrial-grade remote access, increased asset discovery capabilities with active and passive functionality, and better cybersecurity risk monitoring.
Influencing Trend:
Growing Use of IoT in Public Safety
Market Growth Drivers:
Rising Number of Terror Attacks, Increasing Investment in Public Safety Measures for Smart Cities and Surging Criminal Activities
Challenges:
Need for High Bandwidth to Transfer Data
Restraints:
High Installation and Maintenance Costs Of Systems
Opportunities:
Emergence of Big Data Analytics in Public Safety and Security and Adoption of Cloud Computing Technologies
Key Target Audience
Government regulatory bodies, Government research organization, Private research organization and Others