Public Safety Solution for Smart City Market Research Report- Global Forecast to 2023
Market Highlights
The urbanization rates have peaked around the world with more cities trying to deal with the influx of residents by using smart city concepts to deal with overcrowding problems while improving the lives of citizens. Thus, the use of public safety solutions for a smart city to improve safety measures is expected to gain impetus in the coming years. Moreover, the need to carry out efficient management of resources is expected to define the development in the market for public safety solution for smart city in the approaching period.
Market Research Future (MRFR) has published a research report about the global public safety solution for smart city market that calculates a massive hike for this market at 24.8% CAGR between 2017 and 2023. By value, the market has been figured to be worth the US $ 299 bn by the end of the forecast period.
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Competitive Analysis
The stabilization of export trends in the international market is expected to further encourage the market’s development in the coming period. The governmental bodies around the world are increasing their contribution to market development. The enhancement of production resources is expected to create a favorable impetus for the advance of the market. The contenders in the market are crafting their strategy in a way that supports optimum profits and resource utilization. The improvement in international trade is expected to further develop the development of the market in the coming years. The amplification in the number of investments is predicted to motivate the market considerably in the coming years. The presence of apt investments or funding is expected to motivate the progress of the global market in the forecast period. The development of more integrated supply channels is anticipated to provide an upper hand to the market contenders in the forthcoming period.
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Public Safety Solution for Smart City Market, By Solution (Critical Communication Network, Biometric Security & Authentication System, Emergency & Disaster Management, Backup & Recovery System, Public Address & General Alarm and Surveillance System), By Services (Professional Service and Managed Service), By Application (Public Transportation Security, Critical Infrastructure Security, Disaster Management, Medical Emergency Service, Firefighting Services, Law Enforcement and Intelligence Agencies), By Region – Forecast to 2023
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