According to the business intelligence report titled ‘Global Public Safety Market Size study, by Component (Solutions, services), by Deployment (On-premise, cloud), by End use (Law enforcement, Medical, Firefighting, Transportation, Others), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global public safety market was assessed at USD 365.0 million in 2020 and is anticipated to be worth USD 586.11 million by 2027, expanding at 7.0% between 2021-2027.
 

Rising number of catastrophic accidents, soaring crime rates & terrorist activities, and increasing adoption of IoT technologies are the leading factors driving global public safety market expansion. Stringent government regulations for industrial safety, and growing popularity of smart cities will aid revenue inflow as well.
 

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Moreover, growing adoption of Big Data analytics in public safety & security and increasing penetration of cloud computing technologies will aid towards industry growth as well.
 

In May 2020 for instance, Aurora Police Department joined hands with Hexagon Public Safety Technology to develop a records management & analytics solution for supporting the law enforcement efforts in the Illinois. This application will be used to analyze the data and react to incidents more efficiently for serving the community better.
 

While increased support from government organizations will facilate market growth, concerns regarding security, and high costs of tools will act as challenges for businesses operating in this domain.
 

Based on component type, worldwide public safety industry is split into services, and solutions. Speaking of deployment, the business sphere is divided into cloud, and on-premises. As per end-user spectrum, the market space is bifurcated into law enforcement, transportation, medical, firefighting, and others.
 

From regional frame of reference, Asia Pacific held majority of global public safety market share in the recent past owing to rapid industrialization, flexible economic conditions, and growing number of threats. Meanwhile, North America market is slated to expand rapidly between 2021-2027 due to growing digitization. 
 

Leading players formulating the competitive landscape of worldwide public safety industry are  Centralsquare Technologies LLC, General Dynamics Corporation, Cisco Systems Inc., International Business Machines Corporation, L3Harris Technologies Inc., Telefonaktiebolaget LM Ericsson, NEC Corporation, Motorola Solutions Inc., Atos SE, and Hexagon AB.