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Public And Personal Safety Market To Garner Exponential Growth By 2023: Global Forecast News

November 16, 2019 by Market-NewsFlash  

Global Public and Personal Safety Market, By Solution (Surveillance System, Personal Safety Alarms), By Service (Managed Services, Professional Services), By End-User (Commercial & Residential, Government, Retail, BFSI, Retail) — Forecast 2023

Public and Personal Safety Market Highlights 

The study reveals that public and personal safety is trending in North America region. The public and personal safety market is driven by the increasing security concerns for women and children. It has been observed that criminal activities, natural disaster & cross border terrorism is increasing. This is boosting the public and personal safety solution market.

The study indicates that the increasing security concerns against the illegal activities is a key driver for public and personal safety market. The study indicates that increase in attack on critical infrastructures is boosting the wireless security market. The study reveals that the lack of workforce results as a limitation to the public and personal safety market.

The Public and Personal Safety Market is growing rapidly over 13% of CAGR and is expected to reach at USD ~518 billion by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Public and Personal Safety Market Research Report -Forecast to 2023”.

Public and Personal Safety Market — Competitive Landscape

Competitive by nature, the public and personal safety market are envisaged to witness intensified competition with more entrants getting attracted to the market. Due to the presence of several large and small key players, the market appears fragmented. Matured players incorporate collaboration, acquisition, partnership, product & technology launch, and expansion to gain the competitive edge in the market.

Well-established players emphasis on new product development initiatives, and geographical expansion. The market is projected to witness constant development and innovations of new products, which resultantly tern in intense competition among the public and personal safety providers

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Public and Personal Safety Market Segmentation

The public and personal safety market has been segmented on the basis of type, end-user and region. Looking through the end-user segment it has been observed that government sector has shown a substantial increase in safety system market and holds the largest market share. The study indicates that the other sectors like residential would show a positive growth in the public and personal safety market.

The prominent players in the public and personal safety market are Cisco Systems, Inc. (U.S.), Tyler Technologies Inc. (U.S.), Huawei Technologies (China), LM Ericsson (Sweden), Northrop Grumman Corporation (U.S.), Alcatel-Lucent (France), AGT International (Switzerland), ESRI (U.S.), Honeywell International, Inc. (U.S.), NEC corporation (Japan), among others.

Market Research Analysis:

On geographic basis, public and personal safety market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading in the public and personal safety solutions market. North America is expected to grow with a high rate as well as hold the largest market share in the public and personal safety market. In the North America region there has been a major focus onto the security concerns against the illegal activities, terrorist activities. The study shows that European region has a positive growth in the public and personal safety market and is expected to hold second biggest market share. The developing economies in Asia-pacific regions like China, Japan and others are showing high adoption in the public and personal safety systems.

Key Players:

Some of the eminent players leading the market include Tyler Technologies Inc. (US), Cisco Systems, Inc. (US), Huawei Technologies (China), Northrop Grumman Corporation (US), LM Ericsson (Sweden), Alcatel-Lucent (France), ESRI (US), AGT International (Switzerland), NEC Corporation (Japan), and Honeywell International, Inc. (US)

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