Global Public Safety and Security Market 2020-2025: Law Enforcement Requirements During Covid-19 Pandemic Driving Growth

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Oct 20, 2020, 07:15 ET

DUBLIN, Oct. 20, 2020 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.

The market size is expected 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.

Public safety and security refer to the welfare and protection of the public from physical as well as cyber threats. Public safety and security solutions help avert and minimize the impact of terrorist attacks, cyberattacks, and natural disasters on 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 criminal attacks and natural calamities. Citizens are usually dependent on the government and public departments for their day-to-day requirements. They have started demanding that public safety agencies provide 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 a crisis and enhance their response time. Public safety agencies are increasingly dependent on surveillance systems to help safeguard critical assets and the lives of citizens.

Market Dynamics

Drivers

Law Enforcement Requirements During Covid-19 Pandemic
Rising Number of Terror Attacks
Need for Security Training and Awareness
Increasing Investment in Public Safety Measures for Smart Cities
Growing Trend of IoT in Public Safety
Increasing Criminal Activities

Restraints

High Installation and Maintenance Costs for Public Safety and Security Systems
Violation of Privacy

Opportunities

Emergence of Big Data Analytics in Public Safety and Security
Adoption of Cloud Computing Technologies in the Public Safety Industry
Ai Innovations in Border and Public Safety

Challenges

Lack of Efficient Storage and Data Management Capacities
Integration of Logical and Physical Components of Security Systems
Device Vulnerability and Chances of Systems Being Hacked
Need for High Bandwidth to Transfer Data

Covid-19-Driven Market Dynamics

Drivers and Opportunities
Restraints and Challenges
Cumulative Growth Analysis

Industry Trends

Value Chain Analysis

Ecosystem

Average Selling Price Trend
Biometric Security and Authentication System
Surveillance System Asp Trend

Technology Analysis

Artificial Intelligence and Deep Learning
Mobile-Based Access Control
Big Data and Video Analytics
IoT Security
Wireless Security Systems
Ip-Based Cameras
Drones

Use Cases

Cisco Helped the City of San Luis Potosi to Improve the Physical Security of Citizens
Honeywell Intelligently Secured and Transformed Pristina International Airport
Secom Eliminated the Need for Manned Guarding at Speedy Hire
Symantec Assisted Rockwell Automation in Streamlining Business Operations
G4S Helped Palo Alto to Reduce the Cost of Human Monitoring Systems

Patent Analysis

Companies Mentioned

3Xlogic
Agt International
Alcatel-Lucent Enterprise
Atos
Bae Systems
Briefcam
Cisco
Cityshob
Elbit Systems
Ericcson
Esri
Fotokite
General Dynamics
Harris Corporation
Haystax Technology
Hexagon Ab
Honeywell
Huawei
IBM
Idemia
Kria
Motorola Solutions
NEC
Nice
Onsolve
Openpath
Optotraffic
Rave Mobile Safety
Sayvu
Scadafence
Siemens
Smartcone Technology
Teltronic
Thales Group
Tvilight
Tyco (Johnsons Control)
Verint Systems

For more information about this report visit https://www.researchandmarkets.com/r/vojbne

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