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Wireless Broadband in Public Safety Market Size Expected to Reach USD 127.71 Billion by 2030 | Top Players such as - AT&T, Verizon and ZTE
According to the report published by Allied Market Research, The Wireless Broadband in Public Safety Market Size Expected to Reach USD 127.71 Billion by 2030 | Top Players such as - AT&T, Verizon and ZTE. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.Rise in adoption of connected devices & integrated sensors and growth in concern of security & public safety drive the growth of global wireless broadband in public safety market. In addition, advancements in communication technology and the increase in demand for cost-effective & real-time information fuel market growth. However, slow development rate of telecom infrastructure in underdeveloped nations restricts the market wireless broadband in public safety market growth.
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The global wireless broadband in public safety market size was valued at USD 18.67 billion in 2020, and is projected to reach USD 127.71 billion by 2030, growing at a CAGR of 21.7% from 2021 to 2030.
The global wireless broadband in public safety market is segmented on the basis of system, application, end user, and region. Depending on the system, it is divided into mobile wireless broadband and fixed wireless broadband. According to application, it is classified into video surveillance and monitoring, automatic vehicle tracking, real-time incident management, geographic information system (GIS), public control and management, and others. As per end user, it is categorized into police department, fire department, emergency medical service providers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Mobile wireless broadband segment acquired the major share in the wireless broadband in public safety market. Upsurge in mobile device use by many mobile end-users including rapid action force, rescue operators, fire-fighters, and others is expected to boost mobile wireless broadband in public safety market in several major geographic regions such as North America, Europe, Asia-Pacific, and Latin America.
The fixed wireless broadband segment is expected to exhibit the fastest growth rate during the forecast period. Fixed wireless network helps in fast information sharing as the communication happens through strong bandwidth and several in-house components such as fixed modem, receivers, transmitters, and others.
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Region wise, the wireless broadband in public safety market size was dominated by North America in 2020 and is expected to retain its position during the forecast period, due to the presence of large number of broadband subscribers in the U.S. and Canada. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to rise in number of number of subscribers in the key regional markets such as China, India, Japan, and South Korea.
The global wireless broadband in public safety market analysis includes major players, including AT&T Intellectual Property, Huawei Technologies Co., Ltd., L3Harris Technologies, Inc., Motorola Solutions, Inc., Nokia Corporation, Sierra Wireless, Tait Communications, Telefonaktiebolaget LM Ericsson, Verizon, and ZTE Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the wireless broadband in the public safety industry.
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Key Findings of the study
● By system, the mobile wireless broadband segment accounted for the largest wireless broadband in public safety market share in 2020.
● On the basis of end user, the police department segment generated the highest revenue in the wireless broadband in public safety industry.
● Region wise, North America generated the highest revenue in 2020.
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