Public Safety and Security Market Size with CAGR of 10.8% | Share, Growth [2022-2029] | Industry Demand, On-Going Trends, Key Players, Application, Revenue & Gross Margin, Challenges and Strategies

The Global Public Safety and Security Market is forecast to reach USD 1000.52 Million by 2029 by rising at a compound annual growth rate (CAGR) of 10.8% throughout the forecast period from 2022 to 2029

Public Safety and Security Market Overview

The government provides public safety and security to guarantee that people, organisations, and other infrastructures are protected from dangers such as terrorism, natural disasters, fraud, smuggling, and others.

One major reason fueling the growth of the public safety and security market is the rising usage of internet of things or linked device technologies. The need for public safety and security systems will be further exacerbated by strict government rules and policies on public safety. The market for public safety and security will have more profitable development potential as infiltration and criminal activity rise.

Rising terrorist activity and security incidents, the need for security education and awareness, and rising demands on law enforcement for public safety in the wake of COVID-19 are the main drivers of the public safety and security industry. Additionally, the vendor will benefit from the growing IoT trend in public safety, which will assist the market for public safety and security grow.

The global Public Safety and Security market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.

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Industry Development
In January 2022, Honeywell Made Strategic Investment in RapidSOS. RapidSOS emergency response data platform will be linked to Honeywell's Connected Life Safety System (CLSS) to enhance its Public Safety Communications Capabilities.
In December 2021, Honeywell acquired US Digital Designs to integrate it with Honeywell's Fire and Connected Life Safety systems business to expand Honeywell's line of solutions for public safety communications.
Research Methodology:

To calculate the market size, the report considers the revenue generated from the sales of Public Safety and Security market manufacturers. The revenue created from the sales of Public Safety and Security Market has been calculated through primary and secondary research.

The market size assessment also considered leading players revenues as part of triangulation the key players considered are Cisco, Honeywell, IBM, Siemens, Hexagon AB, L3HRRIS Technology, Teltronic, Idemia, Motorola Solutions, Scadafence, SmartCone Technologies, Cityshob, Alcatel Lucent Enterprise, AGT International, General Dynamics and Others.

The Public Safety and Security Market has been segmented as below:

Global Public Safety and Security Market By Component, 2020-2029, (USD Million)

Solution
Services

Global Public Safety and Security Market By Deployment Type, 2020-2029, (USD Million)

On-Premise
Cloud

Global Public Safety and Security Market By Solution, 2020-2029, (USD Million)

Critical Communication Network
C2/C4isr Networks
Biometric Security And Authentication System
Surveillance System
Scanning And Screening System
Emergency And Disaster Management
Cybersecurity
Public Address And General Alarm
Backup And Recovery System

Global Public Safety and Security Market By Services, 2020-2029, (USD Million)

Professional Service
Managed Services

Global Public Safety and Security Market By End-User, 2020-2029, (USD Million)

Homeland Security
Emergency Services
Critical Infrastructure Security
Transportation Systems
Others

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Public Safety and Security Market: Regional Analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Public Safety and Security market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Geographically, the market is dominated by APAC, North America and Europe.

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Major Key areas that have been focused on in the report:

Raw material supply analysis
Major trends noticed in the Global Public Safety and Security Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.

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This release was published on openPR.