Home / Press Release / Global Public Safety Wireless Communication Systems Market To Expand At A 8.1% CAGR Between 2019 And 2027

Global Public Safety Wireless Communication Systems Market To Expand At A 8.1% CAGR Between 2019 And 2027

According to a new market research report published by Credence Research, “Public Safety Wireless Communication Systems Market (by Type (Analog and Digital), by Application (In-building and Outdoor), by Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2019 -2027”, the global public safety wireless communication systems market is valued at US$ 12.75 Bn in 2018 and is expected to reach US$ 25.60 Bn expanding at a CAGR of 8.1% during the forecast period from 2019 to 2027.

Market Insights

The combination of factors including data & analytics, artificial intelligence (AI) and crowdsourcing among others are propelling the growth of the public safety wireless communication systems market. Cyber security threat poses as a major challenge and to overcome this challenge measures are taken by the technology companies to ensure data security. This may hinder the growth of the public safety wireless communication systems market. Public safety communication systems is a wireless communication technology used for emergency services, by police department, fire department, medical services to prevent incidents which endangers public safety. It is an interdepartmental collaboration between multiple organizations involving police force, criminal justice and emergency response services. Through the help of this network information sharing and functional interoperability needs for public safety are addressed.

Based on type, Digital segment is leading the public safety wireless communication market as data can be exchanged seamlessly using digital platforms as compared to analog systems. The effectiveness and efficiency of response in emergency situations can be greatly improved as information flow gets enhanced through digital signals. For instance, fire department, police department and defense & military can use data analytical tools to detect and capture data important to public and national security. The rapid adoption and application of digital technology is expected to propel the growth of the public safety wireless communication systems market.

Based on geography, public safety wireless communication systems market is dominated by North America region in terms of revenue, owing its dominance to the implementation of digital age products such as AI. Asia Pacific region to witness fastest growth throughout the forecast period, owing to an upsurge in its smart city projects and increasing adoption of security solutions to counter terrorism and natural disasters. The emerging countries such as China and India of the APAC region provide enormous opportunities of growth, due to ever-growing incidents of terrorist activities and natural disasters among others. Thus bolstering the growth of the public safety wireless communication systems market.

Some of the leading manufacturers/developers profiled in the study include Nokia Corporation, AT&T, Inc., Motorola Solutions, Inc., Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Hariss Corporation, ZTE Corporation, Cobham Wireless Plc, Inmarsat Plc, Hytera Communication Corporation Ltd., JVCKENWOOD Corporation, Mentura Group, Tait Communications, Telestra Corporation Ltd., Ascom Holding AG among others.

Browse the full report at https://www.credenceresearch.com/report/public-safety-wireless-communication-systems-market

The Global Public Safety Wireless Communication Systems Market is Segmented into:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 By Type Segment (2017–2027; US$ Bn)

 By Application Segment (2017–2027; US$ Bn)

 By Geography Segment (2017–2027; US$ Bn)

*Complete segmentation list is on report page

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