Pune, India -- (SBWIRE) -- 05/01/2018 -- The Global Public Safety and Security Market accounted for USD 283.2 billion in 2016 growing at a CAGR of 14.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Public Safety and Security Market By Geography; Solution (Critical Communication Network, C2/C4ISR System, Biometric Security & Authentication System, Surveillance System, Scanning & Screening System, Emergency & Disaster Management, Cyber Security, Public Address & General Alarm, Backup & Recovery System); Services; Vertical – Industry Trends and Forecast to 2024
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Top Competitors Of Market:
- Cisco Systems, Inc.
- NEC Technologies India Private Limited
- IBM Corporation
- Thales Group
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- AGT International GmbH
- Northrop Grumman Corporation
On the basis of solution:- Critical communication network, C2/C4ISR system, biometric security and authentication system, surveillance system, scanning and screening system, emergency and disaster management, cyber security, public address and general alarm, backup and recovery system.
On the basis of service:- Managed service, and professional service. The managed service segment is further sub segmented into managed security services, and managed network services.
On the basis of vertical:- Homeland security, emergency services, manufacturing, and others.
The homeland security sub segment:- law enforcement and intelligence agencies, border control, public transportation security, and critical infrastructure security. The emergency services segment is further sub segmented into medical services, firefighting services, and disaster management. The manufacturing segment is further sub segmented into energy and chemicals, automotive and logistics, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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The report for public safety and security market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Public safety and security is the initiative taken by government in order to protect public from several threats, frauds, natural disasters, terrorism, illegal immigration, smuggling, and others. It is widely applicable in medical services, firefighting services, disaster management, homeland security, emergency services, manufacturing, and others. Rise in criminal activities, natural disaster, and cross-border terrorism and increase in attack on critical infrastructures and public utilities may act as the major driver on the growth of public safety and security market. On the other side, lack of interoperability between legacy and advanced security systems may hamper the market.
Market Drivers And Restraints:
- Rise in criminal activities, natural disaster, and cross-border terrorism
- Need for stringent government policies and regulations for public safety
- Increase in attack on critical infrastructures and public utilities
- High installation cost for public safety and security systems
- Lack of interoperability between legacy and advanced security systems
Key Questions Answered in Global Public Safety and Security Market Report:-
What will the market growth rate, Overview and Analysis by Type of Global Public Safety and Security Market in 2024?
What are the key factors driving, Analysis by Applications and Countries Global Public Safety and Security Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Public Safety and Security Market?
What are Opportunities, Risk and Driving Force of Global Public Safety and Security Market?
What are the opportunities and threats faced by the vendors in Global Public Safety and Security Market?
What are the Global Public Safety and Security Market opportunities, market risk and market overview of the Market?
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