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Typically, public safety & security refers to the welfare and protection of the general public from both major and minor threats to their well-being. It can be called as a service or initiative of the governments by which they ensure that their citizens, institutions, and organizations are kept safe and protected from events that could endanger the safety of the public from significant dangers, injuries, or property damages, such as crimes or disasters (natural or human-made).

For proper regulation, there are various public safety organizations and departments including law enforcement, fire and emergency medical services and police departments among others. The public safety issues that a municipality, county, state, or federal jurisdiction might combat with include revolt, political turmoil, narcotic use, trespassing, burglary, harassment, juvenile delinquency, unauthorized living, noise, littering, inappropriate social behavior, inebriation, and others.

Responsible public institutions and organizations either tap into their own intelligence or collaborate with various private organizations to successfully address possible threats in advance.

The global public safety and security market is projected to register growth at an exponential CAGR over the next few years.

MARKET DRIVERS:

The growth of this market is attributed towards major pertaining factors including; the rising number of criminal activities and cross-border terrorism, natural disasters such as cyclones, floods, hurricanes, tornadoes, and earthquakes globally, the increasing investment in public safety measures for smart cities, the increasing necessity for authentication and surveillance systems, the growing adoption of Internet of Things (IoT) as part of smart city initiatives, the increasing dependency on homeland security and law enforcement agencies due to recent COVID-19 outbreak,  the increasing investments by governments for the upgradation and modernization of legacy systems to improve operational performance and reduce associated costs, the growing stringent government regulations regarding public safety and the growing infrastructural development along with rise in state of the art commercial buildings etc.

Additionally, the proliferating threat of attacks on public utilities and critical infrastructure projects such as power generation plants, highway network, and water reservoirs has compelled the governments worldwide to focus more on renewing and upgrading regulations and standards for public safety, which, in turn is a boosting factor for the global public safety and security market.

Moreover, increasing concerns over public safety and security have invited a fair deal of discussions and attention at the international forum. As a result, nations worldwide are increasingly extending hands to enhance the regional cooperation in addressing cross-border disaster management by deployment of critical communication network infrastructures, geospatial tools, and emergency management systems, which contributes to the growth of the overall public safety and security market comprehensively.

Furthermore, factors such as increase in government initiatives to reduce the response time and loss caused by man-made and natural disasters, the rising instances of terrorist attacks, wars between neighboring countries, domestic wars due to political unrest, communism, riots, rapid urbanization, growing smart city projects in developing countries, the emergence of big data analytics in public safety and security, the geographical expansion of business operations by Multinational Companies (MNCs) in emerging nations making them potential targets for terrorists and cyber criminals etc. will further propel the growth of this market.

However, factors such as high installations and maintenance cost of public safety and security solutions, the lack of awareness, lack of technical staff and skilled workforce, lack of interoperability between legacy & advanced security systems, high threat of cyber-attacks on public safety & security systems, complexities in data collection & management, & certain privacy concerns restrain the growth of this market.

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PUBLIC SAFETY AND SECURITY MARKET SEGMENTATION:

By Component:

  • Solution
  • Service

By Solution:

  • Critical Communication Network
  • Cybersecurity
  • Emergency and Disaster Management
  • C2/C4ISR System
  • Surveillance System
  • Scanning and Screening System
  • Biometric Security and Authentication System
  • Public Address and General Alarm
  • Backup and Recovery System
  • Others

By Service:

  • Professional Services
    • Design and Consulting
    • Support and Maintenance
    • Installation and Integration
    • Training and Education
  • Managed Services
    • Managed Network Services
    • Managed Security Services

By Industry Vertical:

  • Homeland Security
  • Emergency Services
  • Critical Infrastructure Security
  • Logistics & Transportation Systems
  • Airports
  • Public Places
  • Stadiums
  • Commercial Offices
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

REGIONAL INSIGHT:

The North American region followed by Europe is the largest regional market for Public Safety and Security and is anticipated to maintain its dominance in the market over the years to come owing to factors such as the increasing presence of key and major prominent market players, the increasing R&D activities, partnerships, and acquisitions and mergers in the region, economies with strong economic conditions, the surging government investments for improving the existing public safety and security infrastructure to combat terrorism and illegal immigration in the region, the early adoption and application of new and highly advanced technologies in the region and the growing awareness of the population towards protection & safety etc. The major contributors in the region are the U.S and Canada.

The Asia Pacific region is the fastest growing regional market for Public Safety and Security and is projected to witness massive growth in the next few years. The growth in the region can be attributed to factors such as the increasing prevalence of natural disasters, illegal immigration, and cross-border terrorism in the region, the increasing adoption of new and advanced technologies in the region, the increase in innovation and development in public safety and security, the growing implementation of public safety and security across various industry verticals in the region, the launch of new national security policies to deal with the increasingly sophisticated threats by various economies, the rapidly growing digitization and industrialization in the region, the increasing favorable government policies and regulations in the region, the growing number of smart city projects coupled with increasing investments for the improvement of surveillance and communication systems in the region etc. The major contributors in the region include India, Japan, China, Australia and New Zealand.

FEW KEY PLAYERS IN PUBLIC SAFETY AND SECURITY MARKET:

  • Ericsson
  • Hexagon
  • Honeywell
  • Verint Systems
  • Harris Corporation
  • Huawei Technologies Co. Ltd.
  • AGT International
  • Alcatel-Lucent Enterprise
  • Atos
  • BAE Systems
  • Elbit Systems
  • NEC Corporation
  • NORTHROP GRUMMAN CORPORATION
  • ESRI
  • SAP SE
  • Cisco Systems Inc.
  • IDEMIA
  • Rave Mobile Safety
  • Siemens
  • Motorola Solutions Inc.
  • General Dynamics Corporation
  • Haystax Technology Inc.
  • IBM Corporation
  • NICE Ltd.
  • Teltronic
  • Thales Group
  • Tyco
  • Genetec
  • Paessler AG
  • Other Players

RECENT DEVELOPMENTS:

  1. In December 2020, Motorola Solutions was ranked as a “leader” by IDC in Public Safety Software as a company that helps agencies to manage evidence stored and transmitted electronically.
  2. In January 2021, NEC Corporation announced that Northgate Public Services (NPS), a wholly-owned subsidiary of NEC, has entered into an agreement to acquire Charter Systems Ltd., a leading supplier of Covert Operations software to police services in the UK and Canada. NPS is currently the market leader for policing IT solutions in the UK with more than 50% of police forces currently using NPS' CONNECT crime, custody and intelligence management system to manage information on victims and crimes.

Timeline Considered for Analysis:
- 2019: Base Year
- 2020 to 2025: Forecast Period

Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis

Market Segmentation Analysis:
Industry report analyzes the global public safety and security market by the following segments:

  • Component
  • Solution
  • Service
  • Industry Vertical

Customization: We also offers customization’s in the industry report as per the company’s specific needs.

Key Questions Answered in the Global Public Safety and Security Industry Report

  • What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
  • Which region would have high demand for product in the upcoming years?
  • What are the factors driving the growth of the market?
  • Which sub-market will make the most significant contribution to the market?
  • What are the market opportunities for existing and entry-level players?
  • What are various long-term and short-term strategies adopted by the market players?

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