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Public Safety Software Market – Top Participant to Focus on Regional Expansion

08-04-2021 02:09 AM CET | IT, New Media & Software

Press release from: Fact.MR

According to a latest research analysis by Fact.MR, the global market for public safety software will expand at an exponential CAGR during the forecast period of 2017 to 2026. The growth of the industry can be widely attributed to increasing user awareness about the necessity of security, increasing levels of hazards in industrial exploration, and the replacement of outdated architecture.

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Governments around the world have been pushing for the development of intelligent prevention plans to cut down on the response times against a wide range of man-made and natural threats.

Demand from Law Enforcement Key to Continuing Growth

Public safety software is essential for organizations that seek to reduce the risks and damages from problems such as terrorist attacks and natural calamities. The software provides solutions for public safety management in addition to tools such as computer aided dispatch, jail management, records management, crime analysis, and field reporting mapping among others.

The rising number of natural calamities, cyber-crime instances, coupled with the growing threat of global terrorism are key factors that are accounting for the substantial growth for the public safety software market.

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The demand for such software offerings is especially high from law enforcement organizations around the globe, owing to the real time inputs that are given from the software tools. This demand has resulted in a high number of mergers between technology partners and vendors. On the other hand, the market is expected to go through a restrained period of growth through the forecast period owing to the high costs of such software offerings and security concerns that restrict the sales of these software to the general public.

The global public safety software market is segmented as follows:

On the basis of deployment type, the market is segmented as follows:
• On-premise
• Cloud-based

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On-premise deployment type accounts high market share among above mentioned deployment type whereas cloud-based deployment type is predicted to see a very high growth rate over the forecast period.

On the basis of Solution type the market is segmented into the following:
• Computer Aided Dispatch Solution
• Jail Management Solution
• Incident Management Solution
• Mobile Police Software Solution
• Court Management Solution

Public Safety Software Market: Competitive Analysis

The research analysis by Fact.MR highlights the comprehensive profiles of leading players who are running their businesses in the public safety software market including policeone.com, Spillman Technology Inc., Saltus Technologies, DF Labs SPA, Envisage Technologies LLC, IBM Corporation, PTS Solutions Inc., Abbott Laboratories, SysTools Software Pvt. Ltd., Wynyard Group, Tyler Technologies Inc., and IntelliChoice Inc. among others.

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2018/11/05/1644972/0/en/SMEs-Accounted-for-Nearly-60-Share-of-SAP-Cloud-Platform-Services-Market-in-2017-Finds-New-Fact-MR-Study.html

Partnerships and acquisitions are key competitive strategies that are being employed by major players, owing to the increased number of new entrants in the market.

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