DUBLIN, Jan. 4, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gccmnl/public_safety_and) has announced the addition of the "Public Safety and Security Market 2015 - Global Forecast to 2020" report to their offering.
The public safety and security market size is estimated to grow from USD 220.82 Billion in 2015 to USD 370.64 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 10.9% from 2015 to 2020
The public safety and security solutions help avert and minimize the impact of terrorist attacks, cyberattacks, and natural disasters on economy. It is the primary responsibility of the public safety agencies to deploy public safety and security solutions to protect the public and limit the effects of the calamities. Furthermore, people have started demanding for effective responses to all types of crises by public sector safety agencies.
The public safety and security solution, such as critical communication networks, can provide a secure network for the agencies to get accurate information regarding the crisis and enhance the response time. The surveillance systems have also become paramount for the public safety agencies as it can help safeguard critical assets and the lives of the citizens.
The risk of terrorist attacks has led to an increase in public safety and security spending. Illegal arms & drugs trafficking and immigration has led to heightened border and seaport security, which has given rise to the demand for screening and scanning, video surveillance, biometrics, and authentication systems. Moreover, the threat of cross-border terrorism, human trafficking, and separatist movement has compelled homeland security agencies to use public safety and security solutions.
Governments around the world are also making policy and regulatory changes to enhance the security at critical infrastructure. For instance, the U.S. plans to deploy 1,900 scanners by 2015 as part of the primary screening method at airports; scanning can be used to check the travelers and their luggage to safeguard the public from possible terrorist activities.
North America and Europe are expected to be the leading regions for the public safety and security market as the top market players, who cater to this sector, have their presence in these regions. In APAC, the factors driving the deployment of public safety and security solutions during the forecast period include increasing public safety spending and development of major infrastructure projects in the emerging economies of the region.
The APAC region has the highest number of smart city projects which would require public safety and security solutions such as surveillance systems, biometrics and authentication systems, and scanning and screening systems. The projects include new ports, railway stations, sports stadiums, and energy stations. The opportunity for growth also exists in the MEA and Latin America regions for the public safety and security vendors.
North America is expected to have the largest market share and dominate the public safety and security market from 2015 to 2020. APAC offers potential growth opportunities due to the increasing infrastructure development projects in the region, creating the demand for public safety and security solution.
The major vendors in the market include Cisco, NEC Corporation, ESRI, Huawei, Alcatel-Lucent, AGT International, and others. These players adopted various strategies such as new product developments, mergers, partnerships, collaborations, and business expansions to cater to the needs of the market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Public Safety And Security Market Analysis, By Solution
8 Public Safety And Security Market Analysis, By Service
9 Public Safety And Security Market Analysis, By Vertical
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Agt International
- Alcatel-Lucent (Subsidiary Of Nokia)
- Cisco Systems, Inc.
- Honeywell International Inc.
- Huawei Technologies Co.
- Nec Corporation
- Northrop Grumman Corporation
- Thales Group
For more information visit http://www.researchandmarkets.com/research/gccmnl/public_safety_and
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SOURCE Research and Markets