According to a new market research report "Public Safety and Security Market by Solution (Critical Communication Network, Biometric & Authentication System, Surveillance System, Emergency & Disaster Management, Cyber Security), Service, Vertical, and Region - Global Forecast to 2022", published by MarketsandMarkets™ , the Public Safety and Security Market expected to grow from USD 277.02 billion in 2017 to USD 532.39 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period.
The major forces driving the public safety and security market are smart city initiatives, growing trend of IoT, and rise in criminal activities and terrorist attacksBrowse in-depth TOC on "Public Safety and Security Market” 94- Tables 41- Figures 160- PagesDownload PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1024Many local law enforcement and government agencies are adopting the advanced public safety and security solutions to minimize the risk and to secure the public and private sectors from terrorist attacks and natural calamities.
As the frequency of cross border terrorist attacks on enterprises is growing, the market is expected to gain traction over the next 5 years.Critical communication network solutions segment is estimated to hold the largest market share in the public safety and security market in 2017Public and private organizations are adopting the critical communication network solutions for better mission-critical communications.
Due to increasing criminal activities and terrorist attacks, law enforcement and government agencies are adopting advanced public safety and security technologies.
The transportation system vertical is expected to grow at the highest CAGR in the public safety and security market during the forecast period.Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1024APAC to grow at the highest CAGR in the market during the forecast periodThe primary forces driving the APAC market growth are increasing technology adoption, huge opportunities across critical Infrastructure sector, and increase in the number of startups in APAC countries, especially India.
The region has a large number of established SMEs, which are growing at an exponential rate to cater to their broad customer base.