HOME Research Insight Northrop Grumman Corporation (U.S.), Alcatel-Lucent (France), AGT International (Switzerland), and ESRI (U.S.).the Global Public Safety and Security Market



Northrop Grumman Corporation (U.S.), Alcatel-Lucent (France), AGT International (Switzerland), and ESRI (U.S.).the Global Public Safety and Security Market


Public safety refers to the safety, security, and welfare of the general public from dangers such as criminal activities, natural calamities, national & international terrorism, and other emergency & disaster situations. It involves the coordination and administration of resources that provide safety and security of the community. MarketsandMarkets estimates that the public safety and security market size will grow from USD 247.53 billion in 2016 to USD 456.56 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.0%. Public safety and security is the first priority of the governments across the world to ensure safety of citizens, organizations, and financial institutions from external threats. Hence, they heavily rely on the public safety and security solutions.

The key players in the public safety and security market include Cisco Systems, Inc. (U.S.), NEC Corporation (Japan), Thales Corporation (France), IBM Corporation (U.S.), Honeywell International Inc. (U.S.), Huawei Technologies (China), Northrop Grumman Corporation (U.S.), Alcatel-Lucent (France), AGT International (Switzerland), and ESRI (U.S.). These players have adopted various strategies such as partnerships, agreements, mergers & acquisitions, and new product developments to achieve growth in the global public safety and security market.
The public safety and security market witnessed a lot of partnerships, agreements, and collaborations by key players from 2014 to 2016. Recently, NEC Corporation signed a strategic agreement with Manas International Airport to deliver air navigation system ensuring the safety of aircraft. Huawei partnered with Sunrise to develop and deliver Information Communications and Technology (ICT)-managed services. Moreover, ESRI teamed up with the United Nations Foundation to create an awareness campaign about malaria in order to ensure safety of the citizens. Alcatel-Lucent joined Chorus to provide real-time monitoring and analysis tool.

The key players also adopted the strategy of mergers and acquisitions to increase their geographic presence and expand their product portfolio into untapped markets. Honeywell acquired RSI Video Technology to enhance its security product portfolio. Alcatel-Lucent announced its acquisition of Mformation to enhance its offerings in Internet of Things (IoT) and device management platforms. Furthermore, Cisco acquired Lancope to provide security intelligence and threat visibility enhancing its security solutions portfolio.

The major players also launched new products and offerings to strengthen their product portfolio and expand their offerings to newer clients. NEC Corporation launched a fingerprint sensing device that captures fingerprints of newborns to help create a database of infants. Honeywell announced new enhancements to its safety product portfolio launching AreaRAE Plus multithread monitor that helps monitor workplace hazards in the industry. ESRI unveiled a new collection of web maps to help forecast the flow of water in real time.

The public safety and security vendors are continuously adding innovation to their products and services to provide safety towards societies, governments, organizations, and financial institutions from external threats. Furthermore, public safety and security solutions are being increasingly adopted in various verticals such as homeland security, public transportation, critical infrastructure, emergency services, manufacturing, public events, and traffic control which have led to the growth of the market, across the globe.

Related Reports:

Public Safety and Security Market by Solution (Critical Communication Network, Biometric and Authentication System, Surveillance System, Emergency and Disaster Management, Cyber Security), Service, Vertical, and Region - Global Forecast to 2021

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