Public Safety and Security Market Size by Solution, Services, Vertical, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
Public Safety and Security Market size is expected to reach nearly USD 754.91 Bn by 2030 with the CAGR of 7.2% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Public Safety and Security Market Dynamics:
Growing infrastructural development along with the rising commercial buildings are few major factors that drives the overall demand for public safety, and security systems, especially for homeland security. High installation cost and lack of inter-operability between legacy and advanced security systems act as restraints to the market.
Public safety and security include the protection of citizens, organizations, and institutions against threats to their well-being, the prosperity of their communities, criminal activity or disasters, terrorist attacks, injury or property damage, severe accidents, environmental disasters, and inappropriate social behavior.
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Segment Analysis of the Global Public Safety and Security Market:
Global Public Safety and Security Market is segmented by solution, service, vertical, and geography. On the basis of vertical, the public safety and security market is segmented by homeland security, emergency services, and critical infrastructure security and transportation systems. The homeland sub-segment had the largest market share in 2019 and the transportation system sub-segment is projected to grow at a higher CAGR during the forecast period.
Based on service, the public safety and security market is divided into managed service and professional service. The managed services sub-segment among services is further projected to grow at a high CAGR during the forecast period. The critical communication network solution sub-segment is projected to have high growth during the forecast period as compared to other segments.
Regional Insights of the Global Public Safety and Security Market:
In terms of region, the Public Safety and Security Market is divided into North America, Europe, Asia Pacific, and Latin America. North America followed by Europe is projected to be the largest market during the forecast period for public safety and security systems globally. Asia Pacific (APAC) is expected to be one of the fastest-growing regions with huge investments and infrastructural developments in China and India further boosting the overall growth of the market.
Public Safety and Security Market, Key Highlights:
Global market analysis and forecast, in terms of value.
Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global market
Global market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
Global market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
Global Public Safety and Security Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Public Safety and Security Market are also profiled.
Scope of the Global Public Safety and Security Market Report: Inquire before buying
| Global Public Safety and Security Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 464.01 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 7.2% | Market Size in 2030: | USD 754.91 Bn. |
| Segments Covered: | by 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 |
|
| by Services | Managed Services Professional Services |
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| by Vertical | Homeland Security Emergency Services Critical Infrastructure Security Transportation Systems Others |
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Public Safety and Security Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Public Safety and Security Market, Key Players are
1. Cisco (US)
2. Ericsson (Sweden)
3. General Dynamics (US)
4. Harris Corporation (US)
5. Hexagon (Sweden)
6. Huawei Technologies (China)
7.IBM(US)
8. Motorola Solutions (US)
9. NEC Corporation (Japan)
10. Esri (US)
11. AGT International (Switzerland)
12. Alcatel-Lucent Enterprise (France),
13. Atos (France)
14. BAE Systems (UK)
15. Honeywell (France)
16. Motorola Solutions (US)
17. NEC (Japan)
18. NICE (Israel)
19. Rave Mobile Safety (US)
20. Siemens (Germany)
Frequently Asked questions
1. What is the market size of the Global market in 2023?
Ans. The market size Global market in 2023 was USD 464.01 Billion.
2. What are the different segments of the Global market?
Ans. The Global market is divided into Solution, Services and Vertical.
3. What is the study period of this market?
Ans. The Global market will be studied from 2023 to 2030.
4. Which region is expected to hold the highest Global market share?
Ans. The Asia Pacific dominates the market share in the market.
5. What is the Forecast Period of Global market?
Ans. The Forecast Period of the market is 2024-2030 in the market.