What is Public Safety Solution for Smart City Market Scope?
Public safety isn't just about playing cops and robbers. Today's smart cities are constantly looking for ways to make their operations more efficient while providing services and infrastructures that help people live safely in their homes, neighborhoods, and public spaces. As part of the revolution in the Internet of Things, cities are getting smarter with sensors, big data, and artificial intelligence. With global urbanization growing and the adoption of advanced technologies increasing, the public safety solutions market is expected to have a significant impact, resulting in exponential growth in the years to come. Citizens in urban areas are in high demand for clean and safe environments with the advent of smart cities, and increasing migration to such cities is expected to increase demand. Smart cities have a positive impact by reducing energy consumption and enabling efficient management of natural resources. The integration of various advanced technologies such as sensor technology to save time and manage space, and the increasing inclusion of the Internet of Things (IoT) in smart city infrastructure has increased the need for well-developed public safety solutions. In addition, the growing world population and the dangers of policing have slowed the growth of security personnel. The use of public safety solutions to aid in the detection and management of emergencies and disasters is expected to drive further demand. A study shows that by the end of 2021, the Internet of Things will have more than 200 billion connected devices that help organizations and employees with their daily activities. These devices transmit a tremendous amount of data to the server and help bridge the gap between staff needs and public safety.
The Public Safety Solution for Smart City market study is being classified by Type (Critical Communication Network, Biometric Security & Authentication System, Emergency & Disaster Management, Backup & Recovery System, Public Address & General Alarm and Surveillance System), by Application (Public Transportation Security, Critical Infrastructure Security, Disaster Management, Medical Emergency Service, Firefighting Services, Law Enforcement and Intelligence Agencies) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Public Safety Solution for Smart City market throughout the predicted period.
Cisco Systems, Inc. (United States), NEC Corporation (Japan), Thales Corporation (France), International Business Machines Corporation (United States), Honeywell International Inc. (United States), Huawei Technologies (China), Northrop German Corporation (United States), Alcatel-Lucent (France), Harris Corporation (United States) and Motorola Solutions Inc. (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Public Safety Solution for Smart City market by Type, Application and Region.
On the basis of geography, the market of Public Safety Solution for Smart City 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).
Market Influencers and their development strategies
In February 2020, Cisco and Connexin had collaborated with Quantela for the purpose of the growth of smart cities in the UK. Sheffield’s highway network adopted the UK’s latest IoT-based smart city technology. This solution is built on the CityOS platform, bringing together the best of breed capabilities from Cisco Kinetic and Atlantis smart city solutions from Quantela
In May 2019, Huawei had launched eLTE Multimedia Critical Communications System, a public safety solution, providing networking technology and devices required to improve public safety and organizations’ communication solutions and In October 2019, Samsung Electronics and IBM developed a new platform run by the IBM public cloud and Samsung devices to track workers’ health vitals for better safety, leveraging artificial intelligence and 5G
Influencing Market Trend
- The Fast-Developing Countries Are Making Heavy Investments in Smart City Concepts
Market Drivers
- The Steadfast Growth of Global Economy in Recent Years
- Rising Need for Public Safety and Communication Infrastructure
- New Urban and Rural Infrastructure Development Efforts in Various Parts of the World
Opportunities
- The Current Rate of Urbanization
- Growing Government Initiatives
Restraints
- Privacy and Security Concerns over IoT
- Huge Initial Investments
Challenges
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Public Safety Solution for Smart City, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Customization available in this Study:
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