Public Safety Solution For Smart City Market Analysis By Solution, application, Regions During Forecast 2020-2025
The global Public Safety Solution for Smart City Market size was valued at USD 348.28 billion in 2020 and is expected to reach USD 862.11 billion by the year 2025, at a CAGR of 16.55%.
Public Safety Solution for Smart City Market used in development of smart cities. It is also used for investments in advanced infrastructure. Due to the high growth in population, the government is focusing more and more on developing smart cities and making an increased and fast-paced growth for the public safety solution market. The growing urbanization can drive the global Public Safety Solution for Smart City Market.
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The top key players operating in the market are Harris Corporation (U.S.), Thales Corporation (France), Honeywell International Inc. (U.S.), Cisco Systems, Inc. (U.S.), Huawei Technologies (China), Northrop German Corporation (U.S.), NEC Corporation (Japan), Alcatel-Lucent (France), International Business Machines Corporation (U.S.), Motorola Solutions Inc. (U.S.).
By Solution Type, the market is segmented into
· Critical Communication Network
· Biometric Security and Authentication System
· Emergency and Disaster Management
· Backup and Recovery System
· Public Address and General Alarm
· Surveillance System.
Based on application type, the market is segmented into
· Public Transportation Security
· Critical Infrastructure Security
· Disaster Management
· Medical Emergency Service
· Firefighting Services
· Law Enforcement
· and Intelligent Agencies.
Regions and Countries Level Analysis:
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
· Asia-Pacific (China, India, Japan, Southeast Asia etc.)
· South America (Brazil, Argentina etc.)
· Middle East & Africa (Saudi Arabia, South Africa etc.
Career opportunities for skilled personnel in smart cities can drive the need for public safety solutions. The demand for clean and connected cities and migration in huge numbers to cities can drive Public Safety Solution for Smart City Market growth. Integration of IoT in city infrastructure for improving solutions can positively influence the market. The use of a connected ecosystem can drive the segment demand over the assessment period. The connected ecosystem for controlling the power, effective running of trains, and monitoring of public transport.
Key Features of the Public Safety Solution for Smart City Market:
· The growing demand for the safety of huge databases in the multinational and the corporate is the growing need for the public safety solution market.
· Additionally, the market share and revenue owing to the growing need and consumption in the firefighting and law enforcement industry has given a robust growth for the market size.
· China and India has emerged as a major consumer and producer of PSSFSC and houses the largest service provider region. But after the COVID-19 pandemic, the companies have been affected for the Public Safety Solution for Smart City market due to the delay in services in all the industrial companies.
· The growth in the end-user industries and the high demand in the telecom industry are expected to lead the market in the forecast period.