A new market study, titled “Public Personal Safety Market Research ” has been featured on Market Research Future.
The public and personal safety market is growing rapidly. Innovation and advancements in security systems are driving the public and personal safety market. The public and personal safety market is globally emerging across world. The study reveals that the increasing security concerns for women and children are increasing the demand for public and personal safety systems.
The study indicates that rise in criminal activities, natural disaster & cross border terrorism as a key driver for public and personal safety market. It has been observed that the increase in attack on critical infrastructures is boosting the wireless security market. The study indicates that the distributed facilities pose a major challenge for implementing a comprehensive security solution thus restraining the growth of public and personal safety solution market.
According to Market Research Future Analysis, Global Public and Personal Safety Market has been valued at USD ~518 Billion by the end of forecast period with ~13% of CAGR during forecast period 2017 to 2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the public and personal safety market- 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.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
By end-user segment, government sector would account for a largest share in public and personal safety market due to the increasing initiatives for safety purposes. The residential sector is expected to show considerable growth in the public and personal safety market.
By Region, MRFR analysis shows that North America has accounted for largest market for public and personal safety. This region has very high adoption of public and personal safety owing to the high investments for security. European region has also shown a considerable growth in public and personal safety market. Asia-Pacific region is expected to show a positive growth as countries like China, Japan and many others have shown significant adoption of public and personal safety systems.
For the purpose of this study, the global public and personal safety market has been segmented on the basis of software, hardware, service, end-user and region. The report on Public and personal safety contains detailed analysis with market size of each segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Related Article@ https://www.abnewswire.com/pressreleases/covid19-impact-on-public-and-personal-safety-market-industry-analysis-by-size-share-future-scope-emerging-trends-sales-revenue-top-leaders-and-regional-forecast-to-2023_488386.html
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