Global Public Safety Solution Market
Global Public Safety Solution Market By Type, By Application, By Geographic Scope And Forecast
According to Verified Market Research, The Global Public Safety Solution Market was valued at USD 8.20 Billion in 2018 and is projected to reach USD 40.81 Billion by 2026, growing at a CAGR of 22.61% from 2019 to 2026.
Public safety is defined as the protection and welfare of the general public. Public safety is usually expressed as a government responsibility, which takes up goals that deal with prevention of the public from dangers affecting safety, such as crimes or disasters. Public safety is achieved by collaboration with private organizations for technology and other support devices, this collaboration will help the government organizations to achieve public safety. Solutions for public safety ensure the safety of people and property in cases of emergencies. Public safety solutions include solutions such as critical communication network, emergency and disaster management and others.
Few of the major factors driving the market for public safety solutions are rapidly increasing criminal activities and terrorist attacks, increasing smart city initiatives and growing trend of IoT in public safety. With advancements in technology, safety solutions are expected to collaborate through providing shared services for local public safety, national security, and defense organizations, including multi-agency and multidisciplinary collaboration to support effective decision making. With the conjunction of Internet technologies and broadband wireless communications, there are several mission-critical services for public safety emergency communications that are now underway and are undergoing tremendous change and growth. With the increasing rate of urbanization, difficulties and requirements are increasing for public safety agencies, as well as the emergency service provider organizations (ESPOs), which provide the safety agencies with network services. With the growing rate of urbanization, there are major disruptions that are having a positive impact on the current model for public safety and are driven by the need to meet growing demands, leading to the growth of the market.
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