The Public Safety Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Public Safety market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Public Safety market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Public Safety market.
“The public safety market was valued at USD 12.16 billion in 2019 and is expected to reach USD 52.98 billion by 2025, registering a CAGR of 29.39%, during the period (2020 – 2025).”
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Top Leading Companies of Public Safety Market are Cisco Systems Inc., General Dynamics Corporation, IBM Corporation, Telefonaktiebolaget LM Ericsson, L3Harris Technologies Inc., NEC Corporation, Atos SE, Motorola Solutions Inc., CentralSquare Technologies, Hexagon AB, Esri Inc., Sun Ridge Systems Inc., Telstra Corporation Limited and others.
Industry News and Updates:
– March 2019 – General Dynamics Information Technology announced to support the Defense Threat Reduction Agency through its new information technology support services contract vehicle. The award will allow GDIT to compete on individual task orders in support of DTRA’s mission and technology domains. The multiple-award, indefinite delivery, indefinite quantity (IDIQ) contract holds a total estimated value of USD 535 million. It includes a five-year base period with one five-year option.
– March 2019 – Harris Corp. in Rochester delivered 9,000 state-of-the-art public safety radios to the United States Department of Homeland Security’s (DHS) Customs and Border Protection (CBP) the first order of a USD 25.7 million contract Harris received to produce 17,000 radios for CBP. Specifically, CBP’s order is for Harris Corp.’s XL-200P radio that was designed in cooperation with public safety experts to best suit their operational needs.
Key Market Trends:
Law Enforcement is Expected to Hold a Significant Market Share
– In law and enforcement, the lives of others depend on the ability to respond quickly to a critical situation and coordinate the actions using timely and accurate information. Even after an incident has passed, it is still vital to share information with the courts and other agencies for fast and effective investigations and resolution, further demanding public safety solutions.
– By using data and the latest technology, transparency can be increased to break down informational barriers between law enforcement and citizens. Also, these two can collaborate to identify needs and establish best practices to maintain public safety.
– As of May 2020, Aurora Police along with Hexagon Public Safety Technology developed a records management and analytics solution in order to support the law enforcement efforts in Illinois. The application will analyze data and react more efficiently to incidents in order to serve the community better. And in July 2020, the Aurora Police Department is expected to deploy HxGN OnCallAnalytics to take a deep dive into crime data, analyze trends for enabling where and why crimes are happening.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
– Public Safety Market Size & Analysis (2016 – 2026)
– Market Share Analysis of Public Safety Market (%),2016 – 2026
– Public Safety Market Share, By Brand
– Public Safety Market Share, By Company
– Public Safety Market Assessment & Opportunity (Value),2016 – 2026
– Major Companies Public Safety Market Value Analysis & Forecast
– Promising Public Safety Development by Major Companies
– Detailed Public Safety Portfolio of the Major Companies
– Major Deals in the Public Safety Market
– Major Companies Analysis
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