Public Safety Market 2021 Status and Business Outlook - Cisco Systems Inc., General Dynamics Corporation, IBM Corporation

The Public Safety Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The public safety market was valued at USD 12.16 billion in 2019 and is expected to reach USD 52.98 billion by 2025, registering a CAGR of 29.39%, during the period (2020 - 2025).

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Top Leading Companies of Public Safety Market are Cisco Systems Inc., General Dynamics Corporation, IBM Corporation, Telefonaktiebolaget LM Ericsson, L3Harris Technologies Inc., NEC Corporation, Atos SE, Motorola Solutions Inc., CentralSquare Technologies, Hexagon AB, Esri Inc., Sun Ridge Systems Inc., Telstra Corporation Limited and others.

Industry News and Updates

- March 2019 - General Dynamics Information Technology announced to support the Defense Threat Reduction Agency through its new information technology support services contract vehicle. The award will allow GDIT to compete on individual task orders in support of DTRA’s mission and technology domains. The multiple-award, indefinite delivery, indefinite quantity (IDIQ) contract holds a total estimated value of USD 535 million. It includes a five-year base period with one five-year option.
- March 2019 - Harris Corp. in Rochester delivered 9,000 state-of-the-art public safety radios to the United States Department of Homeland Security’s (DHS) Customs and Border Protection (CBP) the first order of a USD 25.7 million contract Harris received to produce 17,000 radios for CBP. Specifically, CBP’s order is for Harris Corp.’s XL-200P radio that was designed in cooperation with public safety experts to best suit their operational needs.

Key Market Trends

United States is Expected to Hold a Significant Market Share

- The stringent governmental regulations for industrial safety is one of the factors driving the demand for public safety in the United States. The Patriot Act of 2001 identified a number of locations and areas that require security, such as agriculture and food, emergency services, defense, IT, energy and power, transportation and shipping, banking, chemical and hazardous manufacturing industry, and national monuments, among others.
- The National Infrastructure Protection Plan (NIPP) has been revised to identify 16 critical sectors susceptible to attacks. The implementation of this plan has increased the demand for public safety solutions in those 16 sectors.
- There has been a significant increase in the number of mass shootings in the United States. In 2018 alone, the United States faced 12 mass shootings in a school. Apart from that, the US prison is overflowing, with almost 2.6 million prisoners, as of 2018.
- The United States represented about 4.4% of the total world’s population in prison in 2018, according to the data by the US Bureau of Justice Statistics. This has posed new challenges for law enforcement and due to the lack of police officials, the country is dependent on digital public safety measure to manage law and order related activities.

Regional Outlook of Public Safety Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Public Safety Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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