The new report by Expert Market Research titled, ‘Global Public Safety Market Trends, Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global public safety market, assessing the market based on its segments like component, deployment mode and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
Historical Market Size (2020): USD 14.6 billion
Forecast CAGR (2023-2028): 9%
Forecast Market Size (2026): USD 64 billion
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Because of the dynamic and advanced acquisition of cutting-edge technology, the Asia Pacific area has seen tremendous growth, and it is predicted to have one of the highest compound annual growth rates in the global public safety market in the next years. Important populations and economies in this region include India, Japan, China, Australia, Singapore, and New Zealand, all of which are expected to have rapid growth in the public safety industry.
Furthermore, multinational corporations’ geographical expansion of business operations in the region, particularly in emerging economies such as China, Indonesia, India, and the Philippines, is expected to drive economic growth and financial markets in the region, making them potential targets for cybercrime and terrorism, boosting the public safety industry’s growth.
Public Safety Industry Definition and Major Segments
Public Safety is the protection of the public, essential infrastructure, and private and public sector properties. Special agencies from various departments, such as EMS, police, and other civic organisations, are usually in charge of it.
The increasing incidence of cybercrime and security risks is driving up demand for public safety technologies.
Read Full Report with Table of Contents:https://www.expertmarketresearch.com/reports/public-safety-marketThe public safety market, on the basis of component, can be segmented into:
The software segment is further segmented into investigation management, record management, criminal intelligence ,location management, and crime analysis, among other softwares.
On the basis of deployment mode, the market can be categorised into:
On the basis of applications, the market can be segmented into: