Public Safety Solution for Smart City Market Worth USD 923.58 Billion at a 14.76% CAGR by 2030 - Report by Market Research Future (MRFR)

2022年10月12日21:56

Increasing Demands and Use of Technology and Its Advancements Boost Public Safety Solution for Smart City Sector

New York, US, Oct. 12, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Public Safety Solution for Smart City Market, By Solution, Application, Services, and Region- Forecast Till 2030”, the global market for public safety solutions for a smart city is expected to grow substantially during the assessment timeframe from 2022 to 2030 at a healthy growth rate of approximately 14.76% to reach an estimated USD 923.58 Billion by the end of 2030.

Global Public Safety Solution for Smart City Market Overview:

The global market for public safety solutions for the smart city has increased in the last few years. The main parameter supporting the market's growth is the growing demands and application of technology and its developments. The developed cities with modern technology developments are utilizing IoT platforms. It assists them in maintaining and supervising infrastructural advancements such as traffic, parking, air, water, and other similar things.

Public Safety Solution for Smart City Market Competitive Analysis

The catalog for leading participants across the global market for public safety solutions for the smart city includes companies such as:

  • Ericsson Inc
  • Harris Corporation
  • NEC Corporation
  • IBM Corporation
  • Thales Corporation
  • Cisco Systems Inc
  • Northrop German Corporations
  • Schneider Electric SE
  • Motorola Solutions Inc
  • Honeywell International Inc
  • ABB Limited
  • Emerson Electric Co

Get Free Sample PDF Brochure:

https://www.marketresearchfuture.com/sample_request/2738

Moreover, rapid globalization across the globe will likely cause a smart city's global market for public safety solutions to record substantial growth over the coming years. Unquestionably, these growing advancements will boost the demands of developing assets and infrastructures.

Public Safety Solution for Smart City Market USP Covered

Public Safety Solution for Smart City Market Drivers

The global market for public safety solutions for the smart city has recorded immense growth in the last few years, given mainly to the growing demands for public safety and developments in infrastructures. Furthermore, the aspects such as increasing globalization & urbanization, lack of skilled security employees, and growing environmental apprehensions & needs are also predicted to influence the market's growth over the coming years.

Public Safety Solution for Smart City Market Report Scope:

Report MetricsDetails
Market Size by 2030USD 923.58 Billion
CAGR during 2022-203014.76%
Base Year2021
Forecast 2022-2030
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Market OpportunitiesPublic Safety Solutions for Smart City Market Opportunities.
Key Market DriversThe main drivers of the growing market are the increasing demands for public safety and developments in infrastructures.

Public Safety Solution for Smart City Market Restraints

On the other hand, the hurdles such as the legacy systems, chief concern regarding privacy & security, and lack of funding & investments are predicted to restrict the market's growth.

Browse In-depth Market Research Report (100 Pages) on Public Safety Solution for Smart City Market:

https://www.marketresearchfuture.com/reports/public-safety-solution-smart-city-market-2738

Public Safety Solution for Smart City Market Segment Analysis

Among all the components, the hardware segment is predicted to secure the top position across the global market for public safety solutions for the smart city over the assessment era. The segment's growth is credited mainly to the developments across several safe city hardware solutions, such as communication systems, CCTV, servers, Global Positioning Systems (GPS), Internet of Things (IoT) modules, and smart lights, among others, control room devices. Organizations across the globe are concentrating on several business strategies, like acquisitions and mergers, to enhance their product offerings and raise their customer base. On the contrary, the service segment is anticipated to exhibit the maximum CAGR over the review era. The segment provides several advantages like complete aftersales services, customized solutions, flexible payment services, and easy installation. the growth of the segment is credited primarily to the numerous governments switching to safe city solution services.

Among all the technologies, the video surveillance and analytics segment are anticipated to secure the top position across the global market for public safety solutions for the smart city over the coming years. as the global population rises across the main cities across the world, city police authorities are implementing advanced video surveillance systems for crowd and traffic management. Growing video surveillance and analytics technology suppliers are making players invest in R&D for advancements to raise their brand identity and sustain in this highly competitive area. On the other hand, the Emergency Management System (EMS) segment is likely to record the maximum growth rate over the review era.

Ask for Discount:

https://www.marketresearchfuture.com/check-discount/2738

Public Safety Solution for Smart City Market Regional Analysis

The global market for public safety solutions for a smart city is analyzed across five major regions: North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America.

According to the research reports by MRFR, the North American region is predicted to secure the top position across the global market for [public safety solutions for the smart city over the assessment timeframe. The robust presence of significant public safety solution providers and firm technology development centers across the region are considered the primary aspect was supporting the regional market growth. The region is known to be the early adopter of advanced technologies, which in turn is boosting the growth of the regional market. Given their advanced technologies, Canada and the US markets contribute considerable shares across the region.

The North American public safety solution for the smart city market is projected to retain its dominance throughout the estimated period. Furthermore, the factors such as remarkable digitization and supportive government initiatives for smart cities are also predicted to influence the growth of the regional market over the review era. The region has several leading players, such as Teledyne FLIR Systems, IBM Corp., and Honeywell International Inc., concentrating on improving their product portfolio to remain competitive.

The Asia-Pacific regional market for public safety solutions for a smart city is anticipated to show the maximum growth rate over the coming years. the growth of the regional market is ascribed to the aspects such as growing investment in smart city solutions and rapidly increasing population.

Ask To Expert:

https://www.marketresearchfuture.com/ask_for_schedule_call/2738

COVID-19 Impact

The world has been through some significant changes given the arrival of the global health crisis in the form of COVID-19, which ended up affecting most industry sectors across the globe. Like all the market sectors, the global market for public safety solutions for the smart city has also faced several unexpected challenges during the pandemic. On the other hand, with the growing acts of thefts and crimes across the globe, the global market is likely to overgrow over the assessment timeframe.

Related Reports:

Public and Personal Safety Market, By Solution, By Service, By End-User - Forecast 2027

Global Public Safety Analytics Market, By Component, Analytics Type, Deployment Type, Application, Vertical - Forecast till 2027

Global IoT for Public Safety Market Research Report – by Component, by Application, By Vertical, and Region - Forecast to 2027

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter

CONTACT: Contact

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

關注我們Facebook專頁
    相關新聞
      更多瀏覽