Dublin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- The "Public Safety and Security - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Public Safety and Security was estimated at US$464 Billion in 2023 and is projected to reach US$810.3 Billion by 2030, growing at a CAGR of 8.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Cisco Systems, Inc., Ericsson AB, Esri, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
The growth in the public safety and security market is driven by several factors. The increasing frequency and severity of threats, including terrorism, cyberattacks, and natural disasters, is a major driver, as governments and organizations seek to enhance their safety and security measures. Technological advancements in surveillance, AI, cybersecurity, and emergency communication systems are also propelling market growth by providing more effective and efficient solutions for managing public safety.
The rising demand for integrated security solutions, which combine physical security, cybersecurity, and emergency response into a cohesive system, is further driving the adoption of advanced safety and security technologies. Additionally, the growing emphasis on smart city initiatives and the need for resilient infrastructure are contributing to the expansion of the market. As the global focus on safety and security continues to intensify, the demand for comprehensive public safety and security solutions is expected to increase significantly.
Technological innovations are playing a critical role in enhancing public safety and security, providing authorities with more effective tools to monitor, prevent, and respond to threats. The integration of advanced surveillance technologies, such as high-definition cameras, facial recognition, and drones, has significantly improved the ability to monitor public spaces and detect suspicious activities in real-time. The use of artificial intelligence and machine learning in security systems has enabled more accurate threat detection and predictive analytics, allowing for proactive measures to prevent incidents before they occur.
Cybersecurity technologies are also evolving rapidly, with advanced encryption, multi-factor authentication, and intrusion detection systems being deployed to protect critical infrastructure and sensitive data from cyber threats. Additionally, the development of emergency communication systems and mass notification platforms has improved the ability to coordinate responses and disseminate information during crises. These technological advancements are making public safety and security measures more effective and comprehensive.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Public Safety and Security Solutions segment, which is expected to reach US$439.7 Billion by 2030 with a CAGR of a 7.8%. The Public Safety and Security Services segment is also set to grow at 8.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $124.3 Billion in 2023, and China, forecasted to grow at an impressive 11.4% CAGR to reach $175.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Public Safety and Security Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Public Safety and Security Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Public Safety and Security Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Select Competitors (Total 38 Featured):
- Cisco Systems, Inc.
- Ericsson AB
- Esri
- General Dynamics Corporation
- Harris Corporation
- Haystax Technology, Inc.
- Hexagon AB
- Huawei Enterprise
- IBM Corporation
- Motorola Solutions, Inc.
- NEC Corporation
- NICE Ltd.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 271 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $464 Billion |
| Forecasted Market Value (USD) by 2030 | $810.3 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
Key Topics Covered
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Public Safety and Security - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Threat of Terrorism and Crime Propels Market Growth
- Increasing Focus on Homeland Security and Border Protection Expands Addressable Market Opportunity
- Technological Advancements in Surveillance and Monitoring Systems Strengthen Market Position
- Growing Demand for Integrated Security Solutions Drives Adoption in Public Safety
- Surge in Cybersecurity Threats Generates New Opportunities for Security Solutions
- Development of AI-Powered Surveillance and Monitoring Systems Sustains Market Growth
- Expanding Applications in Critical Infrastructure Protection Throws Spotlight on Market Potential
- Growth in Smart City Initiatives Spurs Demand for Public Safety and Security Solutions
- Rising Adoption of Cloud-Based Security Solutions Propels Market Expansion
- Surge in Demand for Emergency Response and Disaster Management Expands Market Horizons
- Growing Awareness of the Importance of Public Safety in Urban Areas Drives Market Adoption
- Innovations in Biometric and Identity Management Technologies Generate New Market Opportunities
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/z5w47y
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