According to the new market "Public safety and security Market by Component, Solution (Critical Communication Network, Biometric & Authentication System, Surveillance System, Emergency & Disaster Management, Cyber Security), Service, Vertical, and Region - Global Forecast to 2025", is projected to grow from USD 365.0 billion in 2020 to USD 516.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.
The rising number of terror attacks and increasing investment in public safety measures for smart cities to drive the market growth.Browse 431 market data Tables and 88 Figures spread through 432 Pages and in-depth TOC on "Public safety and security Market - Global Forecast to 2025"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1024By solution, the emergency and disaster management segment to register the highest growth rate during the forecast periodEmergency and disaster management solutions are used by government and private organizations to rescue the public from man-made or natural disasters, such as hurricanes, typhoons, earthquakes, cyclones, or tsunamis.
Therefore, detection service segment holds the highest growth rate during the forecast period.Based on vertical, the transportation system to grow at the highest CAGR during the forecast Period The transportation systems vertical includes airports, seaports, railways, and others (traffic management, parking management, and subways and tunnels management).
Concerns such as terrorist attacks, natural disasters, and accidents have increased the security challenges in terms of threat response and prevention.
The geographical presence, significant Research and Development (R) activities, partnerships, and acquisitions and mergers are the major factors for the deployment of Public safety and security and services.
The major vendors such as Cisco Systems, Esri, General Dynamics, Harris, Haystax Technology, IBM, Motorola Solutions, Rave Mobile Safety, and Verint Systems are headquartered in the US.Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1024Market PlayersMajor vendors offering Public safety and security software include AGT International (Switzerland), Alcatel-Lucent Enterprise (France), Atos (France), BAE Systems (UK), Cisco Systems (US), Elbit Systems (Israel), Ericsson (Sweden), Esri (US), General Dynamics (US), Harris (US), Haystax Technology (US), Hexagon (Sweden), Honeywell (France), Huawei (China), IBM (US), IDEMIA (France), Motorola Solutions (US), NEC (Japan), NICE (Israel), Rave Mobile Safety (US), Siemens (Germany), Teltronic (Spain), Thales Group (France), Tyco (Johnson Controls) (Ireland), and Verint Systems (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.