The global Public Safety Solution for Smart City Market size was valued at USD 348.28 billion in 2019 and is expected to reach USD 862.11 billion by the year 2025, at a CAGR of 16.55%.
Smart cities of today are always searching for ways to enhance their performance while also delivering services and facilities that help people live safely in their homes, communities, and public spaces. The combination of government and volunteer resources for public safety will significantly improve the accuracy of future response efforts, which is critical for the global development of smart cities.
The public safety solutions market is expected to have a substantial effect, resulting in rapid growth in the years ahead, as global urbanization grows and emerging technologies become more widely adopted. With the emergence of smart cities, people in urban areas are in high demand for clean and healthy environments, and migration to such cities is expected to increase demand. The public safety solutions market is expected to have a substantial effect, resulting in rapid growth in the years ahead, as global urbanization grows and emerging technologies become more widely adopted.
The Public Safety Solution For Smart City Market is segmented by Solution Type (Critical Communication Network, Biometric Security and Authentication System, Emergency and Disaster Management, Backup and Recovery System, Public Address and General Alarm, Surveillance System), by Application (Public Transportation Security, Critical Infrastructure Security, Disaster Management, Medical Emergency Service, Firefighting Services, Law Enforcement, and Intelligent Agencies). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- Hardware is the cornerstone of infrastructure support for any smart city project, resulting in increased demand for connected hardware products. Because of these criteria, the hardware segment would account for the majority of the global smart city market.
- Smart mobility had the largest market share in the market, owing to the growing demand for smart driving as cities become more populated. The rising need for environmentally friendly transportation and more conscious vehicle usage has increased the need for smart mobility.
- The Asia Pacific region is expected to be one of the major revenue contributors in the market. Rapid urbanization coupled with increasing smart city projects and industrialization is expected to drive market growth in the APAC region.
Key Participants like 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.).
For this report, Introspective Market Research have segmented the Public Safety Solution For Smart City market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM