Public and Personal Safety Market Segments, Revenue by Forecast to 2027 | Impact of COVID-19

 Market Synopsis 

As per the research by Market Research Future Reports (MRFR), the global public and personal safety market are estimated to value USD 518 billion at a CAGR of 13% from 2017 to 2023. 

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Market Segmentation

The Global Public and Personal Safety Market can be classified on the basis of service, solution, end-user, and region.

On the basis of service, the global public and personal safety market Size can be classified into Professional Services and Managed Services.

On the basis of solution, the global public and personal safety market Size can be classified into Critical Communication Network, Personal safety and general alarms, C2/C4ISR System, Emergency and Disaster Management, Biometric Security and Authentication System, Scanning and Screening System, Surveillance System, and others.

On the basis of end-user, the global public and personal safety market Size can be classified into Commercial and residential, Emergency services, Government, Manufacturing, Construction and architecture, and others.

On the basis of region, the global public and personal safety market Size can be classified into Asia- Pacific, Americas, Europe, and the Rest of the World.

Regional Analysis 

The geographical analysis of Asia- Pacific, Americas, Europe, and the Rest of the World (RoW) has been conducted. As per the analysis, the North American market is dominating the global market. The demand for high security and technological advancement has resulted to an exponential regional growth. The second position is attained by Europe. Europe is a lucrative market with respect to volume and size. On the other hand, the APAC region is proving to be a fertile market due to the continued development and advancement being implemented in the technologies. The analysis also states that the APAC region is estimated to show significant growth during the forecast period. Besides, the presence of several manufacturers is another key reason which propels the market. The APAC countries such as Japan, China, and South Korea have significant participation in the expansion of the market. The awareness concerning technological development is a continuous process, which is the most important factor driving the market in the region.

Key Players 

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

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