Public Safety And Security Market to Undertake Strapping Growth by 2023-2032|NEC Corporation, AGT International, Atos, BAE Systems, Cisco Systems Inc.

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Public Safety And Security Global Market Report 2023 identifies The rising instances of transnational and regional instability as the major driver for the public safety and security market's growth in the forecast period. Transnational and regional instability refers to the political instability in neighboring countries. Public safety and security protect citizens and infrastructure from threats and danger nationally and internationally.

The global public safety and security market size is expected to grow from $493.73 billion in 2022 to $554.19 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The public safety and security market size is expected to grow to $878.04 billion in 2027 at a CAGR of 12.2%.

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Major competitors in the public safety and security market are AGT International, Atos, BAE Systems, Cisco Systems Inc., Elbit Systems, Ericsson, Fotokite, Harris Corporation, Hitachi Ltd., Huawei Technologies Co. Ltd., L3HRRIS Technology, Northrop Grumman Corporation, NEC Corporation, Teltronic, and Thales Group.

A key trend in the public safety and security market includes Rising criminal activities. Criminal activities refer to an act of crime that is prohibited by criminal law that consists of the manifestation of physical behavior or mental element to execute the crime. Public safety and security services help prevent crime, gather evidence, capture criminal activities, and provide security and public protection from crime. For instance, according to the New York Police Department, a US-based municipal law enforcement agency, in New York City, a total of 4,367 arrests for complaints were made for major felony crimes in October 2022, which was a 16.5% increase in major felony crimes compared to October 2021. Therefore, the rising criminal activities are driving the public safety and security market.

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The public safety and security market is segmented -
• By Component: Services, Solutions
• By Solution: Critical Communication Network, Biometric and Authentication System, Surveillance System, Emergency and Disaster Management, Cyber Security, C2/C4ISR Networks, Scanning and Screening System, Public Address and General Alarm, Backup and Recovery System
• By Services: Professional Services, Managed Services
• By Vertical: Homeland Security, Emergency Services, Critical Infrastructure Security, Transportation Systems, Other Verticals
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the public safety and security market.

The Business Research Company's "Global Public Safety And Security Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Public Safety And Security Market Include:
1. Executive Summary
2. Public Safety And Security Market Characteristics
3. Public Safety And Security Market Trends And Strategies
4. Public Safety And Security Market - Macro Economic Scenario
5. Public Safety And Security Market Size And Growth
……
26. Africa Public Safety And Security Market
27. Public Safety And Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Public Safety And Security Market
29. Public Safety And Security Market Future Outlook and Potential Analysis
30. Appendix

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