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Public Safety and Security Market Estimated Around $461.8 Billion by 2030

Projections suggest the Public Safety and Security Market will reach $461.8 billion by 2030, up from around $217.9 billion in 2023, with an anticipated 11.3% CAGR between 2023 and 2030.<br>

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Public Safety and Security Market Estimated Around $461.8 Billion by 2030

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  1. Public Market to Reach $514.1 Billion by 2031 Safety and Security

  2. Public Safety and Security Market – 2024 -2031 Meticulous Research®, a globally recognized market research firm, has issued a new report titled, "Public Safety and Security Market by Offering (Safety Devices, Safety Software, Safety Services), Technology (IoT, AI, Cloud Computing, ML), Application (Data Gathering, Mapping, and 3D Imaging), End Use (Warehouses & Depots, Workplaces, Shopping Malls & Retail Stores), and Geography - Global Forecast to 2031." According to this report, the global public safety and security market is projected to grow from $234.2 billion in 2024 to $514.1 billion by 2031, with a compound annual growth rate (CAGR) of 11.9% during the forecast period. Factors driving this growth include increased adoption of AI, ML, and analytics in public safety applications, heightened awareness and initiatives for public safety, and governmental focus on managing urban population needs. However, significant initial investments required for these solutions may pose challenges. Opportunities lie in integrating cloud computing, big data analytics, and addressing rising security incidents and terrorism threats, while implementation complexities and data security concerns remain key challenges. The market is segmented by offering, technology, application, end use, and geography, with detailed competitive analyses at regional and country levels. Market Segmentation and Insights: 1.By Offering: o o Segments: Safety Devices, Safety Software, Safety Services Insights: In 2024, the Safety Services segment is expected to lead, driven by increasing demand for specialized safety services and is projected to achieve the highest CAGR. 2.By Technology: o Segments: IoT, AI, Cloud Computing, ML, Cybersecurity, Other Technologies o Insights: The IoT segment is anticipated to dominate in 2024 due to demand for real-time data insights and enhanced situational awareness, with the highest expected CAGR. 3.By Application: o Segments: Data Gathering, Mapping and 3D Imaging, Threat Detection, Security and Incident Management, Monitoring, Fire and Explosion Examination, Network Security, Other Applications o Insights: Security and Incident Management is forecasted to hold the largest market share in 2024, driven by smart city technology adoption and IoT integration, with the highest growth rate. 4.By End Use: o Segments: Warehouses & Depots, Workplaces, Shopping Malls & Retail Stores, Schools & Universities, Hospitals & Healthcare, Residential, Transportation, Other End Uses o Insights: Transportation is expected to dominate in 2024 due to concerns over terrorist threats and passenger safety. Hospitals and Healthcare are projected to experience the highest CAGR. 5.By Geography: o Regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa o Insights: North America is expected to lead in 2024, driven by rapid adoption of digital technologies. Europe is forecasted to exhibit the highest growth rate throughout the forecast period. Key Players: • Hexagon AB (Sweden), Fujitsu Ltd. (Japan), Robert Bosch GmbH (Germany), Atos SE (France), Cisco Systems, Inc. (U.S.), Saab AB (Sweden), Airbus SE (Netherlands), Siemens AG (Germany), Intel Corporation (U.S.), Fotokite AG (Switzerland), CityShob (Israel), 3xLOGIC (U.S.), L3Harris Technologies, Inc. (U.S.), OnSolve (U.S.), Haystax (U.S.) Download Sample Report Here @ https://www.meticulousresearch.com/download-sample- report/cp_id=5661 Key Questions Addressed in the Report: • High-growth segments by offering, technology, application, end use, and geography Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com

  3. Public Safety and Security Market – 2024 -2031 • • • • • • • • • Historical global market size Market forecasts from 2024 to 2031 Key drivers, restraints, opportunities, and challenges Major market players and their market shares Evolving competitive landscape Recent market developments Strategies adopted by major players Geographic trends and emerging high-growth countries Local emerging players and their global market competition Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous- research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com

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