The [FURL=https://www.industryarc.com/Research/Public-Safety-And-Security-Market-Research-500551?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]global public safety and security market[/FURL] size is forecast to reach $710.6 billion by 2026, growing at a CAGR of 6.3% from 2021 to 2026. Rising demands for improving cyber security across organizations, growing advancements in enhancing critical infrastructure security standards for transportation services including airports, railways, and so on have been attributing towards the market growth.Key Takeaways
Public safety & security software is analyzed to grow with the highest CAGR during 2021-2026 owing to growing crime investigation complications, loss of data records or evidence and others.
APAC Public safety & security market is analyzed to grow with the highest CAGR during the forecast period, owing to rising cybercrime activities, terrorism, and so on.
Rise in criminal activities or incidents like terror attacks, cyber threats, and others as well as integration of advanced technologies like artificial intelligence (AI), IoT, cloud and others towards enhancing security or surveillance standards is analyzed to drive the market growth during the forecast period 2021-2026.
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Public Safety and Security Market Segment Analysis- By Geography
APAC region is analysed to witness the fastest growth in the global public safety and security market with a CAGR of 7.8% during the forecast period 2021-2026. Factors such as rising rate of cybercrimes and terrorism attacks, concerns related to homeland security as well as growing need for safety, security or surveillance solutions owing to industrial safety have been attributing towards the market growth. Governmental initiatives towards improving public safety and security infrastructures along with spreading awareness for raising adoption of surveillance tools along with increasing adoption of AI technologies to monitor, track or identify suspicious fraudulent attacks overtime can also assist the market demands across the region.
Public Safety and Security Market Drivers
Rise in criminal activities or incidents like terror attacks, cyber threats and others drive the need for improving public safety and security
Integration of advanced technologies like artificial intelligence (AI), IoT, cloud and others towards enhancing security or surveillance standards drive the market forward
Public Safety and Security Market Landscape
The Public Safety and Security Market top 10 companies include NEC Corporation, Hexagon AB, Atos, Cisco Systems, Inc., Atos, Honeywell International Inc. , Haystax Technology, Inc., Motorola Solutions Inc., Verint Systems, Ericsson
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