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(USGovernment-News.Com, October 05, 2018 ) The Global Public Safety and Security Market was valued at USD 250.32 billion in 2016 and is projected to reach USD 767.08 billion by 2025, growing at a CAGR of 13.25% from 2017 to 2025.
Public security and safety is a service of the government by which it ensures that its people, institutions and organizations are kept safe and protected from threats. The public safety and security system offers several advantages for their customers such as rapid application development, cybersecurity, accessibility as well as secure mobility.
With the rising number of criminal activities, natural disasters, attacks on infrastructure and cross-border terrorism that are occurring, there is an increasing necessity for the authentication and surveillance systems. The rise in this demand has resulted in the necessity for increasing predictive data controlled security measures such as the implementation of a communication infrastructure for public safety. These factors drive the market for public health and safety. Factors such as the large cost of the infrastructure and the absence of the technical staff are factors that restrain the market for public safety and security.
NEC Corporation ESRI Northrop Grumman Corporation Thales Group Cisco Systems, Inc. IBM Corporation AGT International Honeywell International, Inc Alcatel-Lucent S.A. Huawei Technologies Co. Ltd.
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