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Public Safety and Security Market Size by Solution (Critical Communication Network, Biometric and Authentication System, Cyber Security), Service, Vertical, and Region - Global Forecast to 2022 By Acumen Research and Consulting
Acumen Research and Consulting
Factors promoting the growth of public safety and security market include an exponential rise in criminal activities, cross border terrorism and natural disaster, need for strict government regulations and policies for public safety, and rise in attack on critical infrastructures. However, the high costs of installation associated with public safety & security systems, and lack of interoperability between advanced security systems and legacy may hinder the growth of global public safety and security market.
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Market Classification and Overview:
The Global Public Safety and Security Market is categorized on the basis of services, verticals, solutions, and regions. The critical communication network is expected to command the largest share in the global market currently as these are vital for public safety providers such as homeland security departments and law enforcement agencies that help to respond and prevent the public threats. Also, the emergency and disaster management is estimated to grow at a robust pace during the future years, as these solutions are being utilized by both private and government organizations in case of emergency situations and natural disasters.
Based on services, the managed services segment is expected to grow at a robust pace during the future years. The managed services augment the existing public safety and security portfolio and enable the safety of organizations, citizens, and financial institutions from external threats. Also, the professional services segment is estimated to command the largest share of the global public safety and security market. Various public safety and security solutions have been incorporated across varied industry verticals including emergency services, public event, homeland security, manufacturing, and traffic control. The emergency services vertical is estimated to witness significant growth during the future years. However, the homeland security market segment is expected to command the largest market share currently.
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Regional Overview:
Based on geography, the global public safety and security market has been categorized into North America, Asia-Pacific, Europe, Middle East & Africa (MEA), and Latin America. The North American region is expected to command the largest share in the global public safety and security market. The European region is expected to become the second largest revenue generating region for public safety and security market vendors. Factors such as increased concentration on innovations garnered from the research and development (R&D) and security technology in the developed nations of Canada and the U.S. are propelling the market growth. However, the Asia-Pacific region is analyzed to be growing at a robust pace, owing to the presence of numerous critical infrastructure projects that are primary targets for cyber-criminals. The various challenges being faced by global public safety and security market are distributed facilities which present a hurdle for incorporating a comprehensive security solution and limitation of workforce for public safety.
Market Participants:
The major companies in global public safety and security market include NEC Corporation, Cisco Systems, Inc., IBM Corporation, Thales Corporation, Huawei Technologies, Honeywell International Inc., AGT International, Alcatel-Lucent, Northrop Grumman Corporation, and ESRI. These companies have adapted various inorganic and organic growth strategies such as partnerships, collaborations, product launches, mergers, and acquisitions to elaborate their offerings in the public safety and security market. Factors promoting the growth of public safety and security market include an exponential rise in criminal activities, cross border terrorism and natural disaster, need for strict government regulations and policies for public safety, and rise in attack on critical infrastructures. However, the high costs of installation associated with public safety & security systems, and lack of interoperability between advanced security systems and legacy may hinder the growth of global public safety and security market.
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Market Segmentation
Market by Solution
Surveillance system
Critical communication network
Public address and general alarm
Cyber security
Biometric security and authentication system
Scanning and screening system
C2/C4ISR system
Others (emergency and disaster management, backup and recovery system)
Market by Service
Professional services
o Design and consulting
o Installation and integration
o Support and maintenance
o Training and education managed services
Managed services
o Managed security services
o Managed network services
Market by Vertical
Homeland Security
o Law Enforcement and Intelligence Agencies
o Border Control
o Public Transportation Security
o Critical Infrastructure Security
Emergency Services
o Medical Services
o Firefighting Services
o Disaster Management
Manufacturing
o Energy and Chemicals
o Automotive and Logistics
o Other Manufacturing
Others (Public Events and Traffic Control)
Market by Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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About Us
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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Frank Wilson
Sales Manager | Acumen Research and Consulting
Email: frank@acumenresearchandconsulting.com
Ph - USA +1 716-240-831
Asia-Pacific +912065600384
Website: https://www.acumenresearchandconsulting.com
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