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Public and Personal Safety Market 2018 Analysis by Cisco Systems, Tyler Technologies, Huawei Technologies, LM Ericsson, Northrop Grumman, Alcatel-Lucent, ESRI, Honeywell International, NEC corporation
Global Public and Personal Safety Market, By Solution (Surveillance System, Personal Safety Alarms), By Service (Managed Services, Professional Services), By End-User (Commercial & Residential, Government, Retail, BFSI, Retail) - Forecast 2023The global public and personal safety market is expected to grow at USD ~518 Billion by 2023, at ~13% of CAGR between 2017 and 2023.
Public and Personal Safety Market- Competitive Analysis
The market position analysis is derived by considering various factors such as financial position, segmental R&D investment, brand value, product portfolio, strategy analysis, and key innovations in Public and Personal Safety Market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between on the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.
Cisco Systems, Inc. (U.S.), Tyler Technologies Inc. (U.S.), Huawei Technologies (China), LM Ericsson (Sweden), Northrop Grumman Corporation (U.S.), Alcatel-Lucent (France), AGT International (Switzerland), ESRI (U.S.), Honeywell International, Inc. (U.S.), NEC corporation (Japan), among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Public and Personal Safety market.
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Public and Personal Safety Market- Overview
Increasing adoption of smart city projects, increasing use of connected devices by law enforcement for public safety, and increasing crime rate are some major factors driving the growth of Public and Personal Safety market globally. However, high initial cost are the factors expected to hamper the market growth in coming years.
Industry News and Development
January 2018 – Tyler Technologies Inc., an information management solution & service provider, signed an agreement with the City of Orlando, Florida. Under this agreement, Tyler would provide public safety solution which includes computer-aided dispatch (CAD), and mobile & field based reporting solution essential for fire and police department of the country.
January 2018 –NEC Corporation acquired UK based IT service provider named as Northgate Public Services Ltd. Northgate has broad client base in U.K and had worked closely with British police and government organizations. The acquisition is done to expand their international safety business which include biometric technologies.
February 2017 – Cisco Jasper and Jupl introduce wearable mobile personal emergency response system (mPERS) under their collaboration. The new mPERS is integrated in smartwatch and consist of various features including GPS monitoring, activity tracking, and telephonic capabilities.
Public and Personal Safety Market - Segmentation
Segmentation by Solution: Critical Communication Network, C2/C4ISR System , Biometric Security & Authentication System, Surveillance System, Scanning & Screening System, Emergency & Disaster Management, Personal safety & general alarms.
Segmentation by Services: Managed Services, and Professional Services.
Segmentation by Vertical: Commercial, Residential, Government, Construction & Architecture, Manufacturing, Emergency services, and others.
Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and, Rest of the World.
Public and Personal Safety Market- Regional Analysis
The global Public and Personal Safety market is estimated to grow at a promising rate over the forecast period. North America is the leading region followed by Europe, Asia-Pacific and Rest of the world. North America is a technically advanced economy and possess high adoption rate of digital technologies which is one of the major driving force for large market of Public and Personal Safety in the region. U.S. is leading the North America Public and Personal Safety market in 2017, followed by Canada due to adoption of smart city projects, and increasing crime rate in the country. Whereas, Asia-Pacific is the fastest growing region which is estimated to show high growth over the forecast period. Increasing technological advancements, and government support in adopting public security solution to upgrade the security systems of public infrastructure are some major factors expected to drive the growth of Public and Personal Safety market in the region during forecast period 2017-2023
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List Of Tables
Table 1 Public And Personal Safety Market, By Solution
Table 2 Public And Personal Safety Market, By Service
Table 3 Public And Personal Safety Market, By End-User
Table 4 Public And Personal Safety Market, By Regions
Table 5 North America Public And Personal Safety Market, By Solution
Table 6 North America Public And Personal Safety Market, By Service
Table 7 North America Public And Personal Safety Market, By End-User
Table 8 U.S. Public And Personal Safety Market, By Solution
Table 9 U.S. Public And Personal Safety Market, By Service
Table 10 U.S. Public And Personal Safety Market, By End-User
Table 11 Canada Public And Personal Safety Market, By Solution
Table 12 Canada Public And Personal Safety Market, By Service
Table 13 Canada Public And Personal Safety Market, By End-User
Table 14 Europe Public And Personal Safety Market, By Solution
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