Global Public Safety and Security Market – Industry Trends and Forecast to 2024

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.

 Market Definition: Global Public Safety and Security Market

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.

Major market drivers & restraints: Global Public Safety and Security Market

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

Market Segmentation: Global Public Safety and Security Market

The global public safety and security market is segmented on the basis of solution into 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, the global public safety and security market is segmented into managed service, and professional service. The managed service segment is further sub segmented into managed security services, and managed network services. The professional service segment is further sub segmented into design and consulting, installation and integration, support and maintenance, and training and education.

On the basis of vertical, the global public safety and security market is segmented into homeland security, emergency services, manufacturing, and others. The homeland security segment is further sub segmented into 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, the global public safety and security market report covers data points for 28 countries across multiple geographies such as 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.

Company Share Analysis: Global Public Safety and Security Market

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.

Major Market Competitors: Global Public Safety and Security Market

Some of the major players of the global public safety and security market are Cisco Systems, Inc., NEC Technologies India Private Limited, IBM Corporation, Thales Group, Honeywell International Inc., Huawei Technologies Co., Ltd., AGT International GmbH, Nokia, ESRI, Northrop Grumman Corporation, and others.

Research Methodology: Global Public Safety and Security Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Public Safety and Security Market – Industry Trends and Forecast to 2024

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