Public Safety Market and Security Growing at 10.91% CAGR to 2020 Driven by Increasing Natural Disasters in the APAC Region

Nov 10, 2015, 05:00 ET from RnR Market Research

PUNE, India, November 10, 2015 /PRNewswire/ --

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 10.91% from 2015 to 2020.

Complete report on the public safety and security market spread across 170 pages, profiling 10 major companies and supported with 81 tables and 50 figures is now available at .

The critical communication network is estimated to contribute the largest market share during the forecast period. Furthermore, due to increase in the deployment of public safety and security trends in public, design and consulting is expected to gain traction and have the highest market share. The public safety and security market is also projected to witness growth in homeland security and manufacturing sectors, with homeland security vertical contributing the largest market share during the forecast period. Public safety and security training and support services are expected to grow with the highest rate from 2015 to 2020. However, managed security services are expected to contribute the largest market share during the forecast period.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people in Tier 1 (65%), Tier 2 (10%), and Tier 3 (25%) companies. The interviews were conducted with various key people such as C-level (50%), director level (35%), and other executives (15%) operating in the public safety and security market. The primary interviews were conducted worldwide covering regions such as North America (10%), Europe (20%), APAC (20%), and RoW (30%). The public safety and security market is driven by factors such as increasing rate of natural disasters in the Asia-Pacific (APAC) region, and modernized policies and regulations.

The scope of the report covers detailed information regarding the major factors influencing the growth of the Public Safety and Security Market such as drivers, restraints, opportunities, and challenges. Cisco Systems, Inc., NEC Corporation, Thales Group, IBM, Honeywell International, Inc., ESRI, Alcatel -Lucent, Northrop Grumman Corporation, Huawei Technologies, AGT International are the various key public safety and security vendors and service providers profiled in this report. Order a copy of Public Safety and Security Market by Solution, Service, Vertical (Homeland Security, Emergency Services, Manufacturing, and Others), and Region (North America, Europe, Asia Pacific, Middle East and Africa and Latin America) - Global Forecast to 2020 research report at .

Personalized training and education is an important category under the service domain. The public safety and security vendors are coming up with various education programs to mitigate gaps and correct implementation of the solution. The market of training and education is expected to grow in the future due to the technological obsolescence. The training and education helps to achieve critical skills for improving the overall data security, endpoint security, and network security.

On a related note, another research titled Digital Security Control Market Global forecast to 2020 says the market for the digital security control application is rapidly penetrating in healthcare, finance and government sectors. The DSC market for applications is estimated to reach up to USD 14.6 billion by 2020 at a CAGR of 13.01% between 2015 and 2020. Companies like N.V. (Netherlands), FireEye, Inc. (U.S.), Oberthur Technologies (Japan), Safenet, Inc. (U.S.), and Vasco Data Security International, Inc. (U.S.) and others are also discussed in this research report available at .

Explore more reports on the public sector market at .

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SOURCE RnR Market Research