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Public safety and security market forecast to 2024 available in new report

Public safety and security market forecast to 2024 available in new report

Factors promoting the growth of public safety and security market include an exponential rise in criminal activities, cross border terrorism and natural disaster, need for strict government regulations and policies for public safety, and rise in attack on critical infrastructures. However, the high costs of installation associated with public safety & security systems, and lack of interoperability between advanced security systems and legacy may hinder the growth of global public safety and security market.

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Market Classification and Overview:

The Global Public Safety and Security Market is categorized on the basis of services, verticals, solutions, and regions. The critical communication network is expected to command the largest share in the global market currently as these are vital for public safety providers such as homeland security departments and law enforcement agencies that help to respond and prevent the public threats.

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Also, the emergency and disaster management is estimated to grow at a robust pace during the future years, as these solutions are being utilized by both private and government organizations in case of emergency situations and natural disasters.

Based on services, the managed services segment is expected to grow at a robust pace during the future years. The managed services augment the existing public safety and security portfolio and enable the safety of organizations, citizens, and financial institutions from external threats.

Also, the professional services segment is estimated to command the largest share of the global public safety and security market. Various public safety and security solutions have been incorporated across varied industry verticals including emergency services, public event, homeland security, manufacturing, and traffic control.

The emergency services vertical is estimated to witness significant growth during the future years. However, the homeland security market segment is expected to command the largest market share currently.

Request Customization: www.acumenresearchandconsulting.co…customization/344 Regional Overview:

Based on geography, the global public safety and security market has been categorized into North America, Asia-Pacific, Europe, Middle East & Africa (MEA), and Latin America. The North American region is expected to command the largest share in the global public safety and security market.

The European region is expected to become the second largest revenue generating region for public safety and security market vendors. Factors such as increased concentration on innovations garnered from the research and development (R&D) and security technology in the developed nations of Canada and the U.S.

are propelling the market growth. However, the Asia-Pacific region is analyzed to be growing at a robust pace, owing to the presence of numerous critical infrastructure projects that are primary targets for cyber-criminals.

The various challenges being faced by global public safety and security market are distributed facilities which present a hurdle for incorporating a comprehensive security solution and limitation of workforce for public safety.

Market Participants:

The major companies in global public safety and security market include NEC Corporation, Cisco Systems, Inc., IBM Corporation, Thales Corporation, Huawei Technologies, Honeywell International Inc., AGT International, Alcatel-Lucent, Northrop Grumman Corporation, and ESRI. These companies have adapted various inorganic and organic growth strategies such as partnerships, collaborations, product launches, mergers, and acquisitions to elaborate their offerings in the public safety and security market.

Factors promoting the growth of public safety and security market include an exponential rise in criminal activities, cross border terrorism and natural disaster, need for strict government regulations and policies for public safety, and rise in attack on critical infrastructures. However, the high costs of installation associated with public safety & security systems, and lack of interoperability between advanced security systems and legacy may hinder the growth of global public safety and security market.

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Market Segmentation

Market by Solution

Surveillance system

Critical communication network

Public address and general alarm

Cyber security

Biometric security and authentication system

Scanning and screening system

C2/C4ISR system

Others (emergency and disaster management, backup and recovery system)

Market by Service

Professional services

o Design and consulting

o Installation and integration

o Support and maintenance

o Training and education managed services

Managed services

o Managed security services

o Managed network services

Market by Vertical

Homeland Security

o Law Enforcement and Intelligence Agencies

o Border Control

o Public Transportation Security

o Critical Infrastructure Security

Emergency Services

o Medical Services

o Firefighting Services

o Disaster Management

Manufacturing

o Energy and Chemicals

o Automotive and Logistics

o Other Manufacturing

Others (Public Events and Traffic Control)

Market by Geography

North America

o US

o Canada

o Mexico

Europe

o UK

o Germany

o France

o Rest of Europe

Asia-Pacific

o China

o Japan

o India

o Philippines

o Rest of Asia-Pacific

Latin America

o Brazil

o Chile

o Rest of Latin America

Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o Rest of MEA

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News From

Acumen Research and ConsultingAcumen Research and Consulting
Category: Market Research Publishers and RetailersCompany profile: Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact-based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, ...