The steadfast growth of global economy in recent years has encouraged new urban and rural infrastructure development efforts in various parts of the world. The onset of smart city concept can be liked with these development agendas primarily to tackle many of the third-world issues with public safety being one of the top-priorities. Many of the fast-developing countries in Asia, Latin America and the Middle-East are making heavy investments in smart city concepts, which has also led to an increased sales of public safety solutions and systems. The market size for public safety solutions for smart cities is expected to surpass USD 299 Bn by the year 2023. Public safety solutions find application in public transportation security, critical infrastructure security, medical emergency services, and disaster management among others. The current rate of urbanization is favorable for the market with new growth opportunities likely to arise in the near future.
The global public safety solution for smart city market research report provides historical market trends, market dynamics, forecast, market value by region as well as by segmentation, country-level analysis for each market segment, key player’s market share analysis and market factor analysis which covers supply chain and Porter’s five forces analysis of the market.
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Major Key Players:
Cisco Systems, Inc. (U.S.), NEC Corporation (Japan), Thales Corporation (France), International Business Machines Corporation (U.S.), Honeywell International Inc. (U.S.), Huawei Technologies (China), Northrop German Corporation (U.S.), Alcatel-Lucent (France), Harris Corporation (U.S.), and Motorola Solutions Inc. (U.S.).
According to MRFR, The global Public Safety Solution For Smart City Market is expected to grow approximately at USD 336 Billion by 2022, approx.11% of CAGR between 2016 and 2022.
The regional analysis of public safety solution for smart city market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rapid evolution of IOT across different industries has driven the market of public safety solution for smart city market. The North America region to dominate the market of public safety solution for smart city. The technology advancements in the region and major attraction of large and small enterprise is aiding the growth of the market. The Asia-Pacific region is also expected to be one of the growing region in this market due to government enforcement towards public safety and security. Europe region is also one of the leaders in the public safety solutions for smart city market because leading players of the market are continually in the process of research and development of technologies related to public safety solutions.
By application segment, public safety solution for smart city market consists of public transportation security, critical infrastructure security, disaster management, medical emergency service, firefighting services and law enforcement and intelligence agencies. The critical infrastructure security with reference to homeland security and processes implemented to ensure that designated critical assets are protected from actions intended to curtail, seriously disrupt, or altogether prevent their functioning. A critical infrastructure need not refer only to physical assets of national importance (ports/airports, nuclear facilities, parliament, etc.), it may refer to any asset (physical, virtual) considered by an organization (government, parasternal, or private), as vital to its functioning. These systems and processes either serve a monitoring function or a command or control function.
MRFR employs both qualitative and quantitative research approaches to provide a holistic market perspective. Utilization of diverse data sources including but not limited to primary research data comprising first-hand interviews with various industry experts and operational participants across the value chain. Secondary research methods assimilate data from varied credible sources to gain an accurate understanding of the market. Top-down and bottom-up approaches are leveraged to ascertain the market size and ensure optimum quality of information. The authenticity of the projections are reaffirmed using robust analytic tools and after assessment of various market trends and parameters to provide deep-diving market information.
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- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- Global infrastructure suppliers
- Communications component providers
- Smart grid and energy management companies
- Big data, analytics, and information processing companies
- Telecom Service Providers.
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