What is Public Safety and Security Market?
Public safety and security market is all about keeping people safe and reduce the human loss, incidents associated with the financial loss with actively providing public safety and security services and solutions. With growing incidences of thefts, terrorist attacks, and other losses, the global public safety and security market is growing. The safety solutions and services like law enforcement, emergency services, surveillance systems for safety are some of the important things for public safety and security including the people who serve us with providing security like patroling, firefighters, etc.
The market study is being classified by Type (Police & Law Enforcement, Fire and Rescue, Ambulance and Emergency Medical Services (EMS), Critical Infrastructure Protection and Other), by Application (Homeland Security, Emergency Services, Critical Infrastructure, Transportation and Others) and major geographies with country level break-up.
Cisco Systems, Inc. (United States), Harris Corporation (United States), International Business Machines Corporation (United States), Hexagon AB (Sweden), Motorola Solutions, Inc. (United States), NEC Corporation (Japan), Telefonaktiebolaget LM Ericsson (Sweden), FARO Technologies, Inc. (United States), Broadcom Inc. (Symantec) (United States), Allied Universal (United States), Dataminr (United States) and Elite Security Services and Solutions, LLC (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Digital Watchdog Inc. (United States), Tyco Integrated Security (Johnson Control) (United States) and Threat Analysis Group, LLC. (United States).
Segment Analysis
Analyst at AMA have segmented the market study of Global Public Safety and Security market by Type, Application and Region.
On the basis of geography, the market of Public Safety and 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand for National Safety and Security Due to Rising Terrorist Attacks Around the Globe
- Rising Crime Rates in Emerging Countries
Market Trend
- The Advent of IoT Solution and Services in Public Safety and Security
- Surging Use of Mobile Applications and Alerts For Public Safety and Security
Restraints
- High Initial Cost Associated with Purchasing and Installing the Surveillance Cameras and Equipment
- Cyber Related Risk Involved in the Solutions and Services Used for Public Safety and Security Might be the Hindrance
Opportunities
- Crime Awareness and Education will Boost the Public Safety and Security Market
- Emerging Emergency Communication Center
Challenges
- Problems with Inter-agencies Coordination might be the Obstacle
On 14th March 2019, FARO Technologies Inc. is the 3D measurement and imaging solution for public safety, they announced the availability of the FARO Zone 3D software platform. This software is specially designed to enable investigators and security experts to upgrade the quality of the site and evidence capture, documentation, analysis, etc for crime, crash, fire and security purposes.
"The European Commission passed a legislative framework requiring all hold baggage screening in Europe to be equipped with the European Civil Aviation Conference (ECAC) Standard 3-approved explosives detection systems (EDS). Airports must have these systems in use by 2018 in the U.K., 2020 in the rest of Europe, and 2022 in countries with specific circumstances. Increasing security threats have led to higher needs for detection, enhanced regulatory standards, and the need for increased efficiencies."
Key Target Audience
Public Safety and Security Services Providers, Public Safety and Security Equipments Distributors and Suppliers, Research and Development Institutes, Regulatory Bodies, Potential investors and Others