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Public Safety and Security Market is expected to reach $461.8 billion by 2030 from an estimated $ 217.9 billion in 2023, at a CAGR of 11.3% during the forecast period of 2023u20132030. The growth of the public safety industry and security market is driven by the growing utilization of AI, ML, and analytics technologies in public safety and security applications, increasing awareness and initiatives for public safety and security, and government focus on managing the needs of the rising urban population. However, the significant initial investments required to implement public safety and security s
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Public Safety And Security Market to Reach $461.8 Billion by 2030
Public safety and security market to reach $461.8 Billion by 2030 Public Safety and Security Market is expected to reach $461.8 billion by 2030 from an estimated $ 217.9 billion in 2023, at a CAGR of 11.3% during the forecast period of 2023– 2030. The growth of the public safety industry and security market is driven by the growing utilization of AI, ML, and analytics technologies in public safety and security applications, increasing awareness and initiatives for public safety and security, and government focus on managing the needs of the rising urban population. However, the significant initial investments required to implement public safety and security solutions restrain the growth of this market. The integration of cloud computing and big data analytics in public safety and security solutions and the rising incidence of terrorism and security breaches are expected to generate market growth opportunities. However, the complexities in implementing advanced public safety and security systems and the rising cases of data theft are major challenges for market stakeholders. The global public safety industry and security market is segmented by offering, technology, application, end use, and geography. The study also evaluates industry competitors and analyses the country and regional-level markets. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/public-safety-and-security-market-5661 Rising Incidence of Terrorism and Security Breaches The rising occurrence of terrorist activities and security breaches has increased the demand for public safety and security solutions. Leading public safety and security solutions providers are leveraging this demand as an opportunity to develop innovative offerings to increase revenues and capture larger market shares. Governments worldwide are undertaking various initiatives, such as implementing advanced surveillance systems, including CCTV cameras and facial recognition technology, to monitor and identify potential threats in public spaces. For instance, in August 2021, the U.S. Federal Government announced plans to expand the use of facial recognition technology to pursue criminals and identify threats. The federal government had also experienced issues, such as improper surveillance and false arrests; hence, the government announced increasing the implementation of facial recognition systems by the end of 2023. Download Sample Report Here :https://www.meticulousresearch.com/download-sample- report/cp_id=5661 The Safety Services Segment is Projected to Register the Highest CAGR During the Forecast Period Based on offering, the global public safety and security market is segmented into safety devices, safety software, and safety services. The safety services segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing demand for specialized safety services to address specific safety and security challenges. Safety services such as critical infrastructure security, emergency medical, firefighting, and disaster management services are critical in ensuring the safety and well-being of citizens and critical assets. The Internet of Things Segment is Projected to Register the Highest CAGR During the Forecast Period Page 1 of 5 © Meticulous Research| sales@meticulousresearch.com
Public safety and security market to reach $461.8 Billion by 2030 Based on technology, the global public safety and security market is segmented into the internet of things, artificial intelligence, cloud computing, machine learning, cybersecurity, and other technologies. The internet of things segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising demand for real-time data insights and improved situational awareness. Click here to : Request for Sample The Security and Incident ManagementSegment is Projected to Register the Highest CAGR During the Forecast Period Based on application, the global public safety and security market is segmented into data gathering, mapping and 3D imaging, threat detection, security and incident management, monitoring, fire and explosion examination, network security, and other applications. The security and incident management segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the need to respond effectively to emergencies, the increasing adoption of smart city technologies, and the integration of IoT devices. Customization Report:https://www.meticulousresearch.com/request- customization/cp_id=5661 Key Players The key players operating in the global public safety and security market are Hexagon AB (Sweden), Fujitsu Ltd. (Japan), Robert Bosch GmbH (Germany), Atos SE (France), Cisco Systems, Inc. (U.S.) Page 2 of 5 © Meticulous Research| sales@meticulousresearch.com
Public safety and security market to reach $461.8 Billion by 2030 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.) and Haystax (U.S.). Buy Now: https://www.meticulousresearch.com/Checkout/39886758 Scope of the Report: Public Safety and Security Market, by Offering •Safety Services oManaged Services ▪Disaster Management Services ▪Critical Infrastructure Security Services ▪Emergency Medical Services ▪Firefighting Services ▪Other Managed Services oProfessional Services • Safety Devices oSurveillance Cameras oSensors ▪Radar ▪LiDAR ▪Geodetic Sensors ▪Geotechnical and environmental sensors ▪Other Sensors oBiometric and Authentication Devices oSafety Alarms oIntruder Detection Devices oCritical Communication Devices oOther Safety Devices • Safety Software oGeographic Information Systems oAccess Control Software oBuilding Management Software oVehicle Recognition Software oBehavior Analytics software oOther Safety Software Public Safety and Security Market, by Technology Page 3 of 5 © Meticulous Research| sales@meticulousresearch.com
Public safety and security market to reach $461.8 Billion by 2030 •Internet of Things •Cybersecurity •Cloud Computing •Machine Learning •Artificial Intelligence •Other Technologies Public Safety and Security Market, by Application •Security and Incident Management •Threat Detection •Fire and Explosion Examination •Network Security •Monitoring •Data Gathering •Mapping and 3D Imaging •Other Applications Public Safety and Security Market, by End Use •Transportation oRoadways oRailways oAirways oWaterways •Workplaces •Shopping malls & Retails stores •Residential •Hospitals & Healthcare •Warehouses & Depots •Schools & Universities •Other End Uses Public Safety and Security Market, by Geography •North America oU.S. oCanada •Asia-Pacific oChina oJapan Page 4 of 5 © Meticulous Research| sales@meticulousresearch.com
Public safety and security market to reach $461.8 Billion by 2030 oIndia oSouth Korea oTaiwan oRest of Asia-Pacific •Europe oGermany oU.K. oFrance oItaly oSpain oRest of Europe •Latin America •Middle East & Africa 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 5 of 5 © Meticulous Research| sales@meticulousresearch.com