Public Safety and Security Market to Reach US$ 532.39 Billion Growing at CAGR 14.0% to 2022

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The Public Safety and Security Market size is expected to grow from US$ 277.02 Billion in 2017 to US$ 532.39 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period. The public safety and security market is driven by factors, such as increasing smart city initiatives, growing trend of IoT in public safety, and rapidly increasing criminal activities and terrorist attacks.

The emergency and disaster management solution is expected to grow at the highest CAGR during the forecast period. The various emergency and disaster management solutions include geographic info systems, simulation systems, and surveillance systems.

“Transportation systems vertical is expected to grow at the highest CAGR during the forecast period”
Transportation systems play an important role in public safety and security. There has been a strong adoption of advanced security solutions in the transportation vertical in the recent years. The transportation vertical public safety and security solutions are used for securing airports, marine ports, and railways. Therefore, the transportation vertical is projected to adopt public safety and security solutions and is expected to grow at the highest CAGR during the forecast period.

“APAC is expected to record the highest growth rate during the forecast period”
Asia Pacific (APAC) includes major economies, such as India and China, which are rapidly deploying public safety and security solutions. This is mainly due to smart city projects and increasing criminal activities and terrorist attacks. APAC is expected to grow at the highest CAGR during the forecast period. Furthermore, North America is estimated to have the largest market size in 2017.

Breakdown of primary participants’ profile:
• By Company Type: Tier 1: 27%, Tier 2: 48%, and Tier 3: 25%
• By Designation: C-Level: 30%, Director Level: 25%, and Others: 45%
• By Region: North America: 57%, Europe: 16%, APAC: 15%, and RoW: 12%

Study Objectives:
The objective of the report is to define, describe, and forecast the public safety and security market, by solution, service, vertical, and region. The report analyzes opportunities in the market for stakeholders by identifying the high-growth segments of the market. Furthermore, the report profiles the key market players and comprehensively analyzes their core competencies, such as new service launches, acquisitions, partnerships, agreements, and collaborations.

Top Key Players in the “Public Safety and Security Market” include are Cisco (US), Ericsson (Sweden), General Dynamics (US), Harris Corporation (US), Hexagon (Sweden), Huawei (China), IBM (US), Motorola Solutions (US), NEC Corporation (Japan), and Esri (US).

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Target Audience for Public Safety and Security Market:
• Cybersecurity vendors
• Government agencies
• Public safety providers
• Safety and security Vendors
• Independent software vendors
• Consulting firms
• System integrators
• VARs
• Managed Security Service Providers (MSSPs)
• IT security agencies

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