Wireless Broadband in Public Safety Market Reach USD 127.71 Billion By 2030 at 21.7% CAGR Globally

Allied Market Research published a new report, titled, " Wireless Broadband in Public Safety Market Reach USD 127.71 Billion By 2030 at 21.7% CAGR Globally." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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 increase in demand for cost-effective & real-time information fuels the market growth. However, slow development rate of telecom infrastructure in underdeveloped nations restrict the market wireless broadband in public safety market growth. Conversely, increase in government expenditure toward public safety applications and surge in adoption of smart devices in telecommunication network 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 $18.67 billion in 2020, and is projected to reach $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 system, the 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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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 public safety industry.

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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 public safety industry.

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Top Impacting Factors

● Rise in Adoption of Connected Devices and Integrated Sensors : Extremely efficient infrastructure in countries such as the U.S., Japan, South Korea, and China, which are equipped with modern next-generation Internet of Things(IoT) solutions, including 5G network-based smartphones, laptops, and other computer applications needs a reliable high-speed communication network for next generation interconnected devices.

● Advancements in Communication Technology : Many wireless broadband companies are innovating solutions to deal with any emergencies during the lockdown period with the advancements in communication technology across the globe especially post-pandemic. For instance, in 2021, Speedcast installed wireless connectivity solution on the islands of Providencia and San Andrés, after the islands were devastated by Hurricane Iota in November 2020. The islands have greater capacity and speed, enabling their communities to reactivate their economy, communicate with their family members, and connect to the world, owing to this initiative.

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