logo
logo
Sign in

Public and Personal Safety Market Research To Gain Impetus Due To Rising Crime Rates

avatar
International-Industry -News
Public and Personal Safety Market Research To Gain Impetus Due To Rising Crime Rates

Public and Personal Safety Market Research

In the current world, the crime rates have increased dramatically. Resultantly, the demand for safety is on an all-time high. Safety can be basically described as a physical state wherein an individual is completely safe from physical or mental harm of any manner. Recently, the crime rates have shot up like anything, people are concerned about the well-being of themselves and their near and dear ones. But there have been efforts made to curb such threats and dangers. And these efforts have taken the shape as the global public and personal safety market. This market has been gaining a lot of impetus lately.

It can be described as a set of various safety measures that can provide an individual safety against all kinds of situations. The circumstances may include, physical attacks like acts of violence, theft, verbal threats and many others.

Public and personal safety has two major aspects. Personal safety can be explained as liberation from physical abuse and threats of physical harm. On the other hand, public safety concerns protecting the masses. All in all, this industry has been attracting a lot of attention in recent times and will continue to do so in future as well.

Market Scenario

Looking at the current instances of attacks and acts of violence, it can be positively concluded that the global public and personal safety market will grow by leaps and bounds in the coming years. During the forecast period of 2018-2022, the market is expected to reach a staggering value of above USD 517.78 billion. When it comes to CAGR, the market is expected to tread forward at the rate of 12.45%.

There are a lot of factors that contribute towards the growth and development of this market. One of the major factors happens to be the sudden surge in criminal activities across the globe. Terrorism is spreading its wings which is why more and more people are choosing some or the other method of safety. This is a key growth factor for this market.

Apart from that, rise in natural disasters and cross border terrorism further foster the development of the industry. There are also minor additional factors like the upsurge in the need for security measures, the higher need for strict government policies & regulations.

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:

By end-user segment, government sector would account for a largest share in public and personal safety market due to the increasing initiatives for safety purposes. The residential sector is expected to show considerable growth in the public and personal safety market.

By Region, MRFR analysis shows that North America has accounted for largest market for public and personal safety. This region has very high adoption of public and personal safety owing to the high investments for security. European region has also shown a considerable growth in public and personal safety market. Asia-Pacific region is expected to show a positive growth as countries like China, Japan and many others have shown significant adoption of public and personal safety systems.

For the purpose of this study, the global public and personal safety market has been segmented on the basis of software, hardware, service, end-user and region. The report on Public and personal safety contains detailed analysis with market size of each segment.

More Information@

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R),a Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]

collect
0
avatar
International-Industry -News
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more