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Wireless Broadband In Public Safety Market Outlook 2024 : Expected Market Growth Rate, Major Driver And Segments
Wireless Broadband In Public Safety Global Market Report 2024
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According to The Business Research Company's, The wireless broadband in public safety market size has grown exponentially in recent years. It will grow from $31.87 billion in 2023 to $39.04 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to communication enhancement needs, emergency response requirements, data-intensive applications, real-time information sharing, increased mobility needs, cost-efficiency and resource optimization.
The wireless broadband in public safety market size is expected to see exponential growth in the next few years. It will grow to $88.76 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%. The growth in the forecast period can be attributed to smart city initiatives, next-generation emergency services, cybersecurity concerns, enhanced dispatch and control centers, community policing strategies, digital transformation in public safety. Major trends in the forecast period include transition to lte and 5g networks, interoperability and standards compliance, integration of iot and wearables, enhanced location-based services, cloud-based solutions, edge computing for low latency.
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Market Drivers and Trends:
Increase in mobile connectivity is expected to propel the growth of wireless broadband in public safety market going forward. Mobile connectivity refers to the ability of mobile devices, such as smartphones, tablets, and other wireless-enabled gadgets, to establish and maintain a connection to a telecommunications network. Mobile connectivity in facilitating wireless broadband in public safety by enabling seamless access to high-speed internet through mobile devices. For instance, according to GSMA Mobile Connectivity Index (Global System for Mobile Communications Association), a non-profit industry organisation, By the end of 2022, the number of people using mobile internet increased to 4.6 billion people (57% of the global population). Therefore, increase in mobile connectivity is driving the growth of wireless broadband in public safety market.
Technological development is a key trend gaining popularity in wireless broadband in public safety market. Major companies operating in wireless broadband in the public safety market are focused on developing new technological solutions to strengthen their position. For instance, in May 2022, AT&T, a US-based company operating in wireless broadband in public safety launched location-based routing for automatically transmitting wireless 9-1-1 calls to the appropriate 9-1-1 call centers on a nationwide basis. With this new Locate Before Route feature from Intrado, AT&T will quickly and accurately identify a wireless 9-1-1 call using device GPS and hybrid information for routing the call and will be located and routed within 50 meters of the device location.
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Major Key Players of the Market:
Airbus DS Communications Inc., Alcatel-Lucent SA, Aruba Networks Inc., AT&T Inc., Bittium Corporation, Cambium Networks Limited, Cisco Systems Inc., Harris Corporation, Hitachi Limited, Intracom Telecom DOO, Juniper Networks Inc., Motorola Solutions Inc., Netronics Communications Inc., Nokia Corporation, Proxim Wireless Corporation, Radwin Limited, RAPID7 Inc., Redline Communications Group Inc., Sierra Wireless Inc., Tait Communications Limited, Telefonaktiebolaget LM Ericsson, T-Mobile USA Inc., United States Cellular Corporation, Verizon Communications Inc., ZTE Corporation, Hytera Communications Corporation Limited, Zebra Technologies Corp., Cambium Networks Corp., JVCKenwood Corporation, General Dynamics Corp., Cobham Ltd., Thales Group, Sonim Technologies Inc., Cradlepoint Inc.
Wireless Broadband In Public Safety Market 2024 Key Insights:
• The wireless broadband in public safety market size is expected to see exponential growth in the next few years. It will grow to $88.76 billion in 2028 at a compound annual growth rate (CAGR) of 22.8%.
• Role Of Increasing Wireless Internet Availability In Driving Growth For Wireless Broadband In Public Safety
• Advancements In Technology Propel Growth In Wireless Broadband For Public Safety
• North America was the largest region in the wireless broadband in public safety market in 2023
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