Public Safety and Security Market

Cisco (US) and Ericsson (Sweden) are the Major Players in the Public Safety and Security Market

Public safety refers to the safety, security, and welfare of the general public and preventing them from dangers, such as criminal activities, natural calamities, national and international terrorism, and other emergency and disaster situations. The public living in the cities are highly dependent on services that are offered by the government at the local, state, and federal levels. Public safety involves the coordination and administration of resources that provide safety and security for the community. Public safety and security is the priority of the governments across the world; they have to ensure the safety of citizens, organizations, and financial institutions, and protect them from external threats. Hence, the governments heavily rely on the public safety and security solutions, such as surveillance systems, communication networks, screening and scanning system, and biometric and authentication system for safeguarding the lives of citizens.

MarketsandMarkets forecasts that the public safety and market size is expected to grow from USD 277.02 Billion in 2017 to USD 532.39 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period.

Key players in the public safety and security market include Cisco (US), Ericsson (Sweden), General Dynamics (US), Harris Corporation (US), Hexagon (Sweden), Huawei (China), IBM (US), Motorola Solutions (US), NEC Corporation (Japan), and Esri (US). These players have adopted various strategies, such as new service launches, mergers, partnerships, collaborations, and business expansions, to increase their market shares in the global public safety and security market.

The public safety and security market has witnessed partnerships, agreements, and collaborations by key players from 2015 to 2017. In July 2017, Motorola Solutions executed a conclusive agreement with Airbus. As per the agreement, Motorola Solutions would acquire Plant Holdings, which has the Airbus DS Communications’ business. In April 2017, Huawei partnered with Pegasus to develop next-generation public safety solutions. The new solutions are expected to utilize Huawei’s cloud technology and Pegasus’ big data analytics technology. In March 2017, Cisco Systems partnered with NaviSite, a part of Spectrum Enterprise and a provider of managed cloud services. As per the partnership, NaviSite would deploy Cisco ACI to offer its clients robust, scalable, and secure cloud services.

The key players also adopted the strategy of business expansion to enhance their product and service portfolios in the public safety and security market. In June 2017, IBM opened an X-Force Command Center in Warsaw, Poland. The command center would be leveraging IBM Watson’s capabilities for cybersecurity. The command center would also provide a new cybersecurity service, which would help customers meet the General Data Protection Regulation (GDPR). In February 2016, NEC Corporation opened a new headquarters along with an innovation center in Melbourne, Australia.

The major players of the public safety and security market also launched new products to strengthen their service portfolios and expanded their offerings to new clients. In July 2017, General Dynamics introduced a new HOOK3 combat survival radio. In June 2017, Hexagon launched an asset/collaboration module named Smart Digital Asset (SDA), which is expected to be the first deliverable SDA information management platform for critical infrastructure. SDA collaboration enabled customers to build secure digital assets and have efficient operations and maintenance. In February 2017, Cisco Systems launched the Cisco Firepower 2100 Series next-generation firewall to protect business-critical applications and data across the cloud and IT environment.

The public safety and security market vendors are continuously adding innovations to their services to protect the organizations against advanced physical and cyber threats. Globally, the adoption of public safety and security is increasing due to smart city initiatives, growing trend of IoT, and rise in criminal activities and terrorist attacks. Furthermore, public safety and security solutions and services are being adopted in various verticals, such as homeland security, emergency services, critical infrastructure security, and transportation systems, 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 & Authentication System, Surveillance System, Emergency & Disaster Management, Cyber Security), Service, Vertical, and Region - Global Forecast to 2022

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