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. Conversely, the increase in government expenditure toward public safety applications and surge in adoption of smart devices in telecommunication networks are expected to offer lucrative growth opportunities for the market during the forecast period.

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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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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.

As per the end user, the police department segment holds the largest wireless broadband in public safety market share of the market. Applications such as operation enhancement, real-time incident management, geographical analysis, and crowd management demand strong wireless network and high-quality encryption for the police personnel to optimize their infield response and safety service. These factors, as a result driving the growth of wireless broadband in the public safety industry.

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Region wise, wireless broadband in public safety market was dominated by North America in 2020 and is expected to retain its position during the forecast period, owing to rapid migration from code division multiple access (CDMA) and wideband code division multiple access (WCDMA) / high speed packet access (HSPA) based networks. However, Asia-Pacific is expected to witness significant growth during the forecast period, owing to countries such as South Korea and Japan engaged in early deployment of LTE.

The key players profiled in the wireless broadband in public safety market analysis are 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 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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