Market Research Report
North America Public Safety & Security Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||496624|
|Published||Content info||131 Pages
Delivery time: 2-3 business days
|North America Public Safety & Security Market Forecast 2019-2027|
|Published: April 23, 2019||Content info: 131 Pages||
The North America public safety and security market is projected to grow from $XX billion in 2018 to $XX billion by 2027, with a CAGR of 8.77% between 2019 and 2027. The base year considered is 2018 and the forecast period is 2019-2027. Rising criminal activities, natural disaster, and cross-border terrorism are some of the key factors driving the public safety and security market. Also, the need for firm government policies and regulations for public safety is a major factor.
North America is anticipated to grow owing to the perceived and real threat of terrorism. In North America, airport security and first responder services offer the maximum opportunity for growth. Growing public support, increased government spending's and rise in private sector spending has contributed to the rising demand for security products and services. North America collects information from various organizations including intelligence, state security, customs, transportation office, the ministry of foreign affairs and police services and conducts threat analyses based on this information. Replacement of homeland security devices with advanced high-end equipment's along with the top industry players catering the sector is projected to strengthen the region.
The United States and Canada are the major economies considered for market analysis. Critical infrastructure includes the assets, systems, and networks, whether physical or virtual, so vital to the United States that their destruction would have a debilitating effect on national economic or homeland security, public health or safety, or any combination thereof.
Cisco Systems, Inc., Ericsson, Harris Corporation, Motorola Solutions, Inc., Alcatel-Lucent Enterprise S.A., Kratos Defense & Security Solutions Inc., International Business Machine (IBM) Corporation, Environmental Systems Research Institute, Inc. (ESRI), CGI Group Inc., Qualcomm Incorporated, Hitachi, Ltd., Thales Group, Honeywell International Inc., Siemens AG, Hewlett Packard Enterprise Company, AGT Group GmbH, Northrop Grumman Corporation, Huawei Technologies, Ferranti Technologies Ltd., General Dynamics Corporation, Raytheon, and NEC Corporation are some of the major players in public safety & security market.