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Global Public Safety Market to Grow at a CAGR of 27.9% During 2022-2027, Driven by Government Investments in the Public Safety Infrastructure

According to a new report by EMR titled, ‘Global Public Safety Market Report and Forecast 2022-2027’, the market for public safety attained a value of about USD 14.6 billion in 2020. The market is further expected to grow at a CAGR of 27.9% in the forecast period of 2022-2027.

North America accounts for a substantial share in the global market for public safety. This can be attributed to the growing investments in public safety infrastructure by governments to combat cybercrimes, terrorism, and illegal immigration. The rising adoption of the latest technologies in public safety in the United States and Canada is also driving the growth of the market. Meanwhile, the market for public safety in the Asia Pacific region is expected to witness a healthy growth due to rapid urbanisation, illegal immigration, rising cross-border terrorism, and increasing crime rates. As this region comprises high population countries and emerging economies such as India, Japan, China, Singapore, Australia, and New Zealand, the market for public safety is expected to register high growth rates. This, in turn, is anticipated to significantly contribute to the overall growth of the market in the forecast period.

In September 2021, Airgain Inc (NASDAQ: AIRG), one of the leading companies, launched AirgainConnect AC-HPUE-FWA Solutions. The solution is a high power fixed wireless access for robust communications in public safety applications. It includes an integrated multi-band high power LTE antenna modem that is specifically designed for fixed wireless access. Designed to enable maximum coverage and reliability for fixed wireless access, it is ideal for use in fire departments, police departments, government buildings, EMS dispatch centres, schools, and media outlets, among others. The development of such innovative solutions by the leading companies is leading to a surge in the demand for public safety, which is augmenting the market growth.

Market Analysis by Component, Deployment Mode, Vertical, and Region:

  • The market, on the basis of component, can be divided software and services.
  • Based on deployment mode, the market can be segmented into on cloud and cloud.
  • On the basis of vertical, the market can be divided into law enforcement, medical, firefighting, and transportation, among others.
  • The regional markets for public safety includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising cross-border terrorism and increasing crime rates are augmenting the market growth of public safety.
  • The market for public safety is being aided by the growing awareness regarding the importance of safety and the increasing prevalence of hazardous industrial exploration.
  • The increasing development of intelligent mitigation plans to reduce damage and security time caused by man-made and natural disasters is driving the growth of the market for public safety.
  • With the growing prevalence of cybercrimes, terrorism, and man-made disasters, the market for public safety is expected to witness growth over the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global public safety market for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the component, deployment mode, vertical, and regions of public safety.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for public safety are Cisco Systems, Inc., Honeywell International Inc., Motorola Solutions, Inc., IBM Corporation, and Telefonaktiebolaget LM Ericsson, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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