Public safety and security refers to the welfare and
protection of the general public from physical as well as cyber threats. The
public safety and security solutions help avert and minimize the impact of
terrorist attacks, cyber-attacks, and natural disasters in the economy. Most
states around the world have public safety departments and agencies whose
primary responsibility is to deploy public safety and security solutions to
protect the public and limit the effects of the criminal attacks and natural
calamities. The citizens are usually dependent on the governments and public
departments for their day-to-day requirements. Furthermore, people have started
demanding the public safety agencies for effective responses to all types of
crises. Public safety and security solutions, such as critical communication
networks, can provide a secure network for the agencies to get accurate
information about the crisis and enhance the response time. The surveillance
systems have also become of paramount importance to the public safety agencies,
as it can help safeguard the critical assets and the lives of the citizens.
The risk of terrorist attacks has led to an increase in
the public safety and security spending. Illegal arms and drugs trafficking,
and immigration have led to heightened border and seaport security, which has
given rise to the demand for screening and scanning, video surveillance,
biometrics, and authentication systems. Governments around the world are also
making policy and regulatory changes to enhance the cyber and physical security
at critical infrastructures. The evolution of cybersecurity started in the
early 1990s when the disruption was mainly due to cyber threats, such as viruses
and internet worms. During the 2000s, new threats such as spyware, malware,
botnets, and buffer overflow evolved. Today, the cyber-attackers are
approaching an unprecedented level of sophistication, and the industry is
seeing a rapid increase in cyber espionage and sophisticated cybercrimes that
are targeting the public identities. The advanced next-generation public safety
and security solutions are supporting the need for protecting the public and
private infrastructure. This will save trillions of dollars affected by the
cyber-physical crimes globally in the coming years.
The public safety and security market
comprises major vendors, such as Cisco (US), Ericsson (Sweden), General
Dynamics (US), Harris Corporation (US), Hexagon (Sweden), Huawei Technologies
(China), IBM (US), Motorola Solutions (US), NEC Corporation (Japan), and Esri
(US).
The stakeholders include public safety and
security providers, consulting firms, cybersecurity vendors, Value-Added
Resellers (VARs), telecom providers, and Information Technology (IT) security
agencies.
The objective
of the report is to define, describe, and forecast the public safety and
security market, by solution, service, vertical, and region. The report
analyzes opportunities in the market for stakeholders by identifying the
high-growth segments of the market. Furthermore, the report profiles the key
market players and comprehensively analyzes their core competencies, such as
new service launches, acquisitions, partnerships, agreements, and
collaborations. Moreover, the report also covers detailed information regarding
the major factors (drivers, restraints, opportunities, and challenges)
influencing the growth of the market.
The public
safety and security market size was valued at USD 247.55 Billion in 2016 and is
projected to reach USD 532.39 Billion by 2022, at a Compound Annual Growth Rate
(CAGR) of 14.0% during the forecast period. The base year considered for the
study is 2016, and the forecast period is from 2017 to 2022.
Know More@ https://www.marketsandmarkets.com/Market-Reports/public-safety-security-market-1024.html
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