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
Market Synopsis of Public and Personal Safety Market:
Public and personal safety describes the security measures that are designed to provide safety against all types of attacks, thefts, threats and others. Public and personal safety is a broad term, the personal safety refers to the freedom from physical harm and threat of physical harm, and freedom from hostility, aggression, harassment and others whereas public safety refers to welfare and protection of public from dangers affecting safety such as crimes or disasters.
The study indicates that the public and personal safety market is boosted by the rise in criminal activities, natural disaster & cross border terrorism and also due to the increasing demand for security measures due to the increasing threats. The study indicates that apart from it the need for stringent government policies & regulations for public safety and personal safety also drives the public and personal safety market. The study indicates that lack of workforce is a challenge faced by the public and personal safety market.
The global public and personal safety market is expected to grow at USD ~518 Billion by 2023, at ~13% of CAGR between 2017 and 2023.
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.
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Study Objectives of Public and Personal Safety Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the public and personal safety market.
- To provide insights about factors affecting the market growth.
- To analyze the public and personal safety market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment on the basis of type, end-user and region.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the public and personal safety
- Software investors
- Security solution vendors
- Public and personal safety service providers
- Cyber security vendors
- Networking and telecommunication companies
- Video surveillance system providers
- Security Management Service Provider
- Security Equipment Providers
- Security Agencies
- System Integrators
- Research/Consultancy firms
The global public and personal safety market has been segmented on the basis of solution, service, end-user and region.
Public and Personal Safety Market by Solution:
Critical Communication Network , C2/C4ISR System ,Biometric Security and Authentication System ,Surveillance System, Scanning and Screening System ,Emergency and Disaster Management ,Personal safety and general alarms, Others
Public and Personal Safety Market by Service:
Public and Personal Safety Market by End-User:
Commercial and residential
Construction and architecture
The regional analysis of public and personal safety market is being studied for region such as Asia- Pacific, Americas, Europe and Rest of the World. Technological advancements and high security concerns has driven the market of public and personal safety in North America. It has been observed that North America region is the leading in public and personal safety market followed by Europe. The study reveals that Asia-Pacific region is expected to show a positive growth in the public and personal safety market during the forecast period. Asia-Pacific countries like China, Japan and South Korea have a fair share in the public and personal safety market.
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