Press release
Public Safety And Security Global Market Size, Share, Emerging Trends, Key Growth, Challenges and Forecast By 2033 | AGT International, Atos SE, BAE Systems PLC, Cisco Systems Inc.
Public Safety And Security Global Market
The Business Research Company offers in-depth market insights through Public Safety And Security Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The public safety and security market size has grown rapidly in recent years. It will grow from $557.69 billion in 2023 to $628.89 billion in 2024 at a compound annual growth rate (CAGR) of 12.8%. The growth in the historic period can be attributed to natural disasters impact, terrorism and threats evolution, public safety investments, community policing initiatives, shifts in crime patterns..
The public safety and security market size is expected to see rapid growth in the next few years. It will grow to $1039.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.4%. The growth in the forecast period can be attributed to resilience planning, integrated command centers, remote monitoring solutions, data privacy solutions, ai-powered analytics.. Major trends in the forecast period include ai and machine learning integration, internet of things (iot) adoption, biometric authentication, cybersecurity measures, smart surveillance systems..
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Market Segmentation:
The public safety and security market covered in this report is segmented -
1) By Component: Services, Solutions
2) By Vertical: Homeland Security, Emergency Services, Critical Infrastructure Security, Transportation Systems, Other Verticals
Subsegment : 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 Systems, Professional Services, Managed Services
Major Driver - Escalating Transnational And Regional Instability Fuels Growth In The Public Safety And Security Market
The rising instances of transnational and regional instability are expected to propel the public safety and security market. 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. For instance, according to the Global Peace Index from the Institute for Economics & Peace (IEP), a Sydney-based organization dedicated to studying peace, in 2020, political instability increased, with twice as many countries deteriorating than improving. The economic impact of violence increased in 2021 to $15.1 trillion due to an increase in global military expenditure, which rose by 0.9% over the previous year. Hence, the increasingly transnational and regional instability is expected to drive the public safety and security market.
Competitive Landscape:
Major companies operating in the public safety and security market report are AGT International, Atos SE, BAE Systems plc, Cisco Systems Inc., Elbit Systems Ltd., Ericsson, Fotokite, L3Harris Technologies Inc., Hitachi Ltd., Huawei Technologies Co. Ltd., Northrop Grumman Corporation, NEC Corporation, Teltronic S.A.U., Thales Group, Halma plc, Brady Corporation, Securitas AB, ADT Inc., Allegion plc, Federal Signal Corporation, Honeywell International Inc., Motorola Solutions Inc., International Business Machines Corporation (IBM), General Dynamics Corporation, CentralSquare Technologies LLC, Hexagon AB, Environmental Systems Research Institute Inc. (Esri), Sun Ridge Systems Inc., Telstra Corporation Limited, Axis Communications AB, Bosch Security Systems, Genetec Inc., Hanwha Techwin Co. Ltd., Johnson Controls International plc, Nice Ltd., Panasonic Corporation, Qognify Inc., Verint Systems Inc., Zhejiang Dahua Technology Co. Ltd. .
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Top Trend - Product Innovations Transforming The Public Safety Sector
Product innovations have emerged as a key trend gaining popularity in the public safety and security market. Major companies operating in the public safety and security sector are focused on developing innovative products to strengthen their position in the market. For instance, in September 2022, Teledyne FLIR LLC, a US-based provider of thermal imaging cameras and sensors, launched SIRAS, an industrial inspection and public safety drone. It is designed for data security, performance, and affordability and is optimized for industrial and utility inspection, public safety, firefighting, and search and rescue missions. SIRAS features a quick-connect payload system that allows users to easily swap between the dual radiometric thermal and visible camera payload and other payloads, such as lidar and multispectral sensors. It is equipped with front collision avoidance sensors that help prevent accidents.
The Table Of Content For The Market Report 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
…..
27. Public Safety And Security Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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