Public Safety and Security Market Global Industry Analysis & Forecast Report 2017-2024
Report Description • The global public safety and security market is estimated to grow from $ 234.57 billion in 2016 to $ 537.20 billion by 2024, with a CAGR of 10.91% between 2017 and 2024. • The base year considered is 2016 and the forecast period is 20172024. Citizens and enterprises face continuous threats from cyber criminals, natural disasters, and terrorist attacks. • This has increased the demand for public safety and security solutions across the world. Additionally, governments from across the globe have proactively boosted the use of public safety and security products and services.
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Market Insights • The global security market is segmented based on solution, service, vertical, emergency services and manufacturing. The solution market is further sub-segmented as critical communication network, surveillance system, biometric security and authentication system, scanning and screening system, C2/C4isr system, emergency and disaster management, backup and recovery system, public address and general alarm, and cyber security. • It is also segmented by service on the basis of Managed service, security service, professional service, design and consulting, installation and integration and support and maintenance and training and education.
Competitive Insights • International Business Machine (IBM) Corporation, Cisco Systems, Inc., Thales Group, Honeywell International Inc., NEC Corporation, Huawei Technologies are some of the major players in public safety & security market. • Thales group is one of the leading players in the security market and putting efforts to develop integrated solutions and services to protect countries, cities, critical infrastructure, and cyberspace.
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