Public safety and security market poised for more than 10.6% CAGR through 2026, drives ascending ID theft growth

Fairfield Consultancy Services OPC Private Limited

Fairfield Consultancy Services OPC Private Limited

The global public safety and security market was valued at US$361,234.0 Mn in 2019 and is expected to be worth US$713,459.0 Mn by 2026

LONDON, 28 July, 2022 (Globe Newswire) — Rising risk factors coupled with the increasing ubiquity of security breaches, and the growing threat of identity fraud are primarily driving growth public safety and security market As suggested by the latest published report from Fairfield Market Research. The report also highlights the fact that the COVID-19 pandemic has acted as a booster for the expansion of the market as incidents of ID theft have increased in 2020 and 2021. Estimated Demonstrates growth of over 10.6% in 2021 – 2026, The global public safety and security market is All are set to reach a revenue of US$713,459 Mn at the end of the forecast period.

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Public safety and security services remain in demand

The explosive growth in the number of cyber attacks, especially identity theft is expected to propel the public safety and security market. While national security and public safety are the top priorities of governments, the role of governments in shaping the market for public safety and security will be crucial. In terms of component, the report considers public safety solutions and services as the key market segments. Of these, the demand for services is likely to remain dominant during the launch period. According to the report, managed services are expected to gain prominence over professional services.

Market players will explore opportunities in the rise of Big Data Analytics in Public Safety and Security

The advent of technology is shaping many new markets and one of the successful technological innovations is connected technology. As connected devices generate vast amounts of information, the same information can also be used to gain actionable insights into protecting critical infrastructure from attacks. This is when Big Data Analytics assists in the analysis of massive amounts of structured, as well as unstructured data generated from a range of security tools. The increasing interest of various public safety organizations and security offices in this technology support will favor the growth of the public safety and security market at large.

North America continues to boom, demand public safety and security Solutions upbeat in Asia Pacific

North America has been the most affected region in terms of the number of cyber security incidents. The sector is expected to generate maximum demand for public safety and security solutions and services, experiencing a nearly 10% growth in revenue by 2026. The market here also benefits from rapid cyber technology adoption and infrastructure. On the other hand, the market in Asia Pacific is set to show the fastest growth led by key Asian markets such as India, China, Singapore and Japan. Deepening internet penetration, expanding smartphone user base, and compliance regulation will collectively sustain the growth of the public safety and security market in the region. However high initial investment may remain a long-standing challenge facing the adoption dynamics in the Asian subcontinent.

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leading market player

The report covers some of the key players under its competitive analysis section to reveal some exclusive insights into the strategic and financial profiles of major companies. Some of the profiled names include Cisco Systems, NEC Technologies India Pvt Ltd, IBM, Thales Group, AGT Group GmbH, Honeywell International Inc., Nokia, Huawei Technologies Co., Motorola Solutions and General Dynamics Corporation.

Scope and Division of the Report:

Report Features

description

type coverage

conductor coverage

voltage coverage

  • critical communication network

  • C2/C4ISR network

  • Biometric Security and Authentication System

  • surveillance system

  • Scanning and Screening System

  • Emergency and Disaster Management

  • Cyber ​​security

  • public address and general alarm

  • backup and recovery system

geographical coverage

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East and Africa

  • Rest of the World (ROW)

leading companies

  • Cisco Systems

  • ibm

  • NEC Technologies India Private Limited

  • Thales Group

  • Honeywell International Inc.

  • AGT GROUP GmbH

  • Nokia

  • General Dynamics Corporation

  • Huawei Technologies Company

  • Motorola Solutions

Report Highlights

Market Estimates & Forecasts, Market Dynamics, Industry Trends, Competition Scenario, Product-, Application-, Sector-, Country-wise Trends and Analysis, COVID-19 Impact Analysis, Key Trends

Table of Contents:

1. Executive Summary
1.1. Global Public Safety & Security Market Snapshot
1.2. future projections
1.3. major market trends
1.4. Analyst Recommendations

2. Market Overview
2.1. market definitions
2.2. market classification
2.3. market dynamics
2.3.1. drivers
2.3.2. Helplessness
2.4. value chain analysis
2.5. Porter’s Five Forces Analysis
2.6. COVID-19 Impact Analysis
2.7. major patents

3. Global Public Safety and Security Market Outlook, 2018 – 2026
3.1. Global Public Safety & Security Market Outlook, by Components (US$ ‘000), 2018 – 2026
3.1.1. main idea
3.1.1.1. Solution
3.1.1.2. Services
3.1.2. BPS Analysis / Market Attraction Analysis
3.2. Global Public Safety & Security Market Outlook, Solution, Value (US$ ‘000), 2018 – 2026 . By
3.2.1. main idea
3.2.1.1. critical communication network
3.2.1.2. C2/C4ISR network
3.2.1.3. Biometric Security and Authentication System
3.2.1.4. surveillance system
3.2.1.5. Scanning and Screening System
3.2.1.6. Emergency and Disaster Management
3.2.1.7. Cyber ​​security
3.2.1.8. public address and general alarm
3.2.1.9. backup and recovery system
3.2.2 BPS Analysis / Market Attraction Analysis
3.3. Global Public Safety and Security Market Outlook, by Scope, Value (US$ ‘000), 2018 – 2026
3.3.1. main idea
3.3.1.1. Homeland Security
3.3.1.2. emergency services
3.3.1.3. critical infrastructure security
3.3.1.4. transportation system
3.3.1.5. other workspace
3.3.2. BPS Analysis / Market Attraction Analysis
3.4. Global Public Safety & Security Market Outlook, By Sector, Value (US$ ‘000), 2018 – 2026
3.4.1. main idea
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East and Africa
3.4.2. BPS Analysis / Market Attraction Analysis

TOC continues…!

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