Public Safety Market Aims to Expand at Double-Digit Growth Rate | Motorola solutions Inc, Centralsquare Technologies, Hexagon AB

Report Ocean publishes a new report on the global Public Safety Market. The global Public Safety Market calculation is based on a combination of information from first-hand sources, qualitative and quantitative assessments from industry analysts, input from experts and participants across the value chain.

Global Public Safety Market to reach USD 586.11 million by 2027. Global Public Safety Market is valued approximately at USD 365.0 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 7.0% over the forecast period 2021-2027.

The global public safety market is being driven by a growing number of global catastrophic accidents, crime rates, and terrorist activities, rising adoption of IoT, growth in smart cities and stringent governmental regulations for industrial safety in various regions. Furthermore, the growth of big data analytics in public safety and security and the rising adoption of cloud computing technologies in the public safety industry will provide new opportunities for the global Public Safety industry.

For instance, in May 2020, Aurora Police with Hexagon Public Safety Technology had developed a records management solution and analytics solution for supporting the law enforcement efforts in Illinois. The developed application will analyze the data and react more efficiently to incidents for serving the community in a better way.

Also, in July 2020, the Aurora Police Department is anticipated to deploy HxGN OnCallAnalytics to take a deep dive into crime data. As a result, an increase in government organizations' support will serve as a catalyst for the Public Safety industry in the future. However, the high costs associated with the tools and security concerns may impede market growth over the forecast period of 2021-2027.

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The report includes an in-depth analysis of macroeconomic indicators, market trends, and governing factors, as well as market attractiveness by segment. A qualitative impact map of different market factors appears in the report. A study of the impact of COVID-19 (Corona Virus) on the product industry chain is analyzed based on upstream and downstream markets, on various regions and countries, and the future development of the industry is forecast.

Report on the Global Public Safety Market aim to enable readers to understand the market and competitive landscape in a way that supports better decision-making. This report includes an overview of participants' financial results, including revenue results, sales volume, gross margin, capital investment, and the global Public Safety Market growth rate.

The researchers collect market demand and size information and validate it with market experts. This study also explores the geographical distribution of the Public Safety Market. The market studies provide information about the industry to top manufacturers, distributors, traders, and dealers. It will offer an overview of the product, the market, the market driving force, the risk & opportunities, and the research findings.

Impact Analysis of COVID-19

• The report examines in detail the impact of Covid-19 on the Public Safety Market

• The Covid-19 outbreak has caused thousands of illnesses worldwide, and the World Health Organization has declared it a global health emergency. Coronavirus disease, which already affects these groups, will have an impact on Public Safety Market segments.

• The economic damage is already evident and represents the world's worst economic shock in decades as the health and human toll rise.

• Several undesirable outcomes can occur in chaotic situations, including restaurant closing, flight canceling, travel restrictions in place, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The study covers the fundamental aspects of the Global Public Safety Market, including its future prospects and competitive landscape, in great detail. A Porter's Five Forces analysis of the Public Safety Market provides insights into the factors influencing its growth. Accordingly, this market study breaks down the Public Safety Market into segments, regions, and players to present a clear picture of the current market environment. Research also covers macroeconomics and microeconomics. In the report, several graphs, charts, and tables appear effectively.

Regional Overview

The Public Safety Market study gives a comprehensive look at country-level segments classified as potentially high-growth areas, countries with the highest market share, and countries with the most potential growth. The Public Safety Market study includes regional break-ups like North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global 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

Scope of the Report

The global Public Safety Market segmentation focuses on:

By Product Type:
Solution
Services
By Deployment:
On-premises
Cloud

By End Use:
Law enforcement
Medical
Firefighting
Transportation
Others

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This release was published on openPR.