NEW YORK, April 13, 2022 /PRNewswire/ — Public Safety Market by Deployment and Geography – Forecast and Analysis 2022-2026 report has been added to Technavio’s offering. The report expects the market to observe an incremental growth of USD 26.21 billion between 2021 and 2026, expanding at a CAGR of 23.09% during the forecast period. According to the report, the market will observe the highest growth in Europe. The increased demand for efficient public safety operations is creating significant growth opportunities for market players.
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The market is driven by factors such as the adoption of machine learning and AI-based public safety solution, governmental regulations for industrial safety, and the rising infiltration activities and criminal activities. On the other hand, public safety in natural and man-made disasters might hamper market growth.
Some of the companies covered in this report are Atos SE, CentralSquare, Cisco Systems Inc., Environmental Systems Research Institute Inc., General Dynamics Corp., Hexagon AB, Honeywell International Inc., Huawei Investment and Holding Co. Ltd., International Business Machines Corp., L3Harris Technologies Inc., Motorola Solutions Inc., NEC Corp., NICE Ltd., Northrop Grumman Corp., Nuance Communications Inc., OSI Systems Inc., Sun Ridge Systems Inc., Tandu Technologies and Security Systems Ltd., Telefonaktiebolaget LM Ericsson, and Telstra Corp. Ltd.
The global public safety market is fragmented. The competitive rivalry among existing players in the public safety market ranges from moderate to high, and it is expected to increase when new competitors enter the market. Vendors are adopting acquisitions, partnerships with industry participants, and new product/service rollouts as important competitive strategies.
The report includes the competitive analysis…