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Global Public Safety and Security Market Worth USD 456.56 Billion by 2021 - Analysis, Technologies & Forecasts Report 2016-2021 - Vendors: AGT, ESRI, Thales - Research and Markets

[November 21, 2016]

Global Public Safety and Security Market Worth USD 456.56 Billion by 2021 - Analysis, Technologies & Forecasts Report 2016-2021 - Vendors: AGT, ESRI, Thales - Research and Markets

Research and Markets has announced the addition of the "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" report to their offering.

The public safety and security market size is estimated to 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%. The public safety and security market is driven by factors such as rise in criminal activities, natural disaster & cross border terrorism, need for stringent government policies & regulations for public safety, and increase in attack on critical infrastructures & public utilities. Whereas, high installation cost for public safety & security systems, and lack of interoperability between legacy & advanced security systems may limit the growthof the public safety and security market.

Emergency and disaster management solution is expected to grow at the highest CAGR during the forecast period, due to high adoption by government and public safety agencies in case of natural disasters such as earthquake, cyclone, and tsunami or any other emergency situations. However, critical communication network is expected to have the largest market size in 2016, as they are the backbone of public safety infrastructure for mission-critical communications.

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