Public Safety Solution for Smart City Market Is Expected To Reach around USD 1382.10 billion by the year 2028, Grow At A CAGR Of 16.55% During Forecast Period 2022 To 2028
Global Public Safety Solution for Smart City market was valued at USD 473.10 billion in 2021 and is expected to reach USD 1382.10 billion by the year 2028, at a CAGR of 16.55%.
An emerging technology trend, public safety solutions for smart cities integrate disparate data sets into a single location to improve emergency response times and, in turn, decrease crime rates in a city. Solutions for public safety are used in areas such as mass transit, emergency management, critical infrastructure protection, and first aid services. In addition, transit agencies are actively implementing IoT in transportation security models to streamline transportation in major cities. The global market for public safety solutions for smart cities is expected to benefit from these elements.
The rising need for public safety and improvements to infrastructure are the major forces propelling the market. The Public Safety Solution for Smart City Market is being propelled, however, by a number of other crucial factors. Market growth and increased public safety can be attributed, in large part, to rising rates of urbanization and globalisation. The rising crime rate around the world and the scarcity of qualified security workers are also contributing factors.
Growing environmental concerns and requirements for green ingenuities are indeed the major factors that lead to Public Safety Solutions for Smart City Market Opportunities. City dwellers use a disproportionate amount of the world's energy and may be responsible for a significant portion of the greenhouse gases they release. Carbon emissions and energy losses are two ways this could compromise public safety. As a result, the effects of global warming and ozone depletion pave the way for novel opportunities to create a smart city with the aim of enhancing public safety.
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In Solution Type,
Emergency and Disaster Management and Surveillance system are dominating Public Safety Solution for Smart City due to the need in the multinational companies for the security of the database generated in their system. Also, the government and public sector are more focused on the public alarms and the security in the pandemic which has impacted the growth of the public safety solution market.
• Critical Communication Network
• Biometric Security & Authentication System
• Emergency & Disaster Management
• Backup & Recovery System
• Public Address & General Alarm
• Surveillance System
In Application Type,
Public Transportation Security and Intelligent Agencies are expected to dominate the market with a CAGR of 16.92% and 16.45% respectively.
• Public Transportation Security
• Critical Infrastructure Security
• Disaster Management
• Medical Emergency Service
• Firefighting Services
• Law Enforcement
• Intelligent Agencies
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Public Safety Solution for Smart City market is advancing as the need for the end-user industries is increasing over the years. Public Safety Solution for Smart City market is consolidated and Public Safety Solution for Smart City market share and revenue is distributed among the major key players for the forecast period. The industries offer products for specific end-usage applications and the product type. With the increase in demand, the new product development, merger & acquisitions, and research & development strategies are expected to have high growth potential in the global Public Safety Solution for Smart City market during the forecast period.
Major Key Players Considered in the Market
• Cisco systems
• NEC Corporation
• Thales Corporation
• International Business Machine Corporation
• Honeywell International
• Huawei Technologies
• Northrop German Corporation
• Alcatel-Lucent, Harris Corporation
• Motorola Solutions and other major players.
An in-depth study of the Public Safety Solution for Smart City industry for the years 2022-2028 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report's segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers' values, needs, and buying inclinations, are integral parts of any thorough market analysis. Over the forecast period, the Public Safety Solution for Smart City market will be analysed using some different market analysis tools, including Porter's five forces analysis, Industry Value chain analysis, PESTEL analysis, patent analysis, regulatory framework analysis, technology roadmap analysis, price trend analysis, and investment analysis. Chapters including "Company Profiling," "Competitive Positioning," "BCG Matrix," and "Heat Map Analysis" provide insights into the thoughts and strategies of important competitors in the Public Safety Solution for Smart City business and make up "The Competitive Landscape."
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis
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