In 2022, the public safety and security market size was around US$ 433,602.4 million. The Public Safety and Security Market’s main drivers are an increase in terrorist attacks and security measures, the need for security education and awareness, and tighter COVID-19 law enforcement standards for community security. The market for public safety and security solutions is anticipated to reach US$ 1,063,396.1 Million by the end of 2032, expanding at a strong CAGR of 9.4% between 2022 and 2032.
The patrolling of police officers and the stationing of security guards at city hall and the courtroom are likely to be associated by laypeople with public safety and protection. Public safety and security is a colloquial term for the protection of the general public’s welfare and security.
The public safety and security market refers to the collection of industries and businesses involved in providing products and services aimed at ensuring public safety and security. This market includes a wide range of products and services, including physical security systems, surveillance equipment, emergency response and management systems, disaster management services, public safety communication systems, and various software and analytics tools for threat detection and prevention.
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The market is driven by various factors, including increasing crime rates, natural disasters, terrorist attacks, and growing government and corporate initiatives to ensure public safety and security. The demand for public safety and security products and services is also driven by increasing urbanization and the need for secure public infrastructure.
The public safety and security market is expected to grow in the coming years, driven by factors such as the increasing adoption of advanced technologies, including artificial intelligence and the Internet of Things (IoT), rising concerns over cybersecurity threats, and the growing demand for integrated public safety and security solutions. The market is also expected to benefit from increasing government investments in public safety and security infrastructure and initiatives aimed at improving disaster response and management.
The Start-Up Ecosystem: How key Players are opening Frontiers for Future Growth?
product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration to identify the interest of potential buyers and create a larger customer base. For instance,
- Zeteky, a startup based in the United States, was founded in 2015. It creates a reporting system that enables users to submit essential information, such as crime events reporting, to government leaders and law enforcement departments to strengthen community safety.
- The Openpath Company was established in 2016. Cisco collaborated with Openpath, a leader in touchless, sophisticated access control and workplace safety automation, in February 2021.
Who are the Leading Players in Public Safety & Security Market?
Some of the leading Public Safety & Security manufacturers include
- Cisco
- Motorola Solutions, Inc
- Hexagon AB
- Paessler AG
- NORTHROP GRUMMAN CORPORATION
- Kroll
- Honeywell
These key Public Safety & Security providers are adopting various strategies such as new product launches and approvals, partnerships, collaborations, acquisitions, mergers, etc. to increase their sales and gain a competitive edge in the global Public Safety & Security market.
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Key Segments Covered in the Public Safety & Security Market Report
Public Safety & Security Market by Solution:
- Critical Communication Network
- 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
Public Safety & Security Market by End User:
- Homeland Security
- Emergency Services
- Industrial
- Others
Public Safety & Security Market by Services:
- Professional Services
- Managed Services
Public Safety & Security Market by Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
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