Published Date: 31-May-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Wireless Broadband in Public Safety Market size is expected to reach $102.7 billion by 2028, rising at a market growth of 26.4% CAGR during the forecast period.
The WI-FI segment is leading the Global Wireless Broadband in Public Safety Market by Technology 2021, thereby, achieving a market value of $76.2 billion by 2028. This is because a Wi-Fi network is essentially an internet connection shared by a wireless router with several devices in a house or business. The router connects to internet modem directly and functions as a hub, broadcasting the internet connection to all Wi-Fi enabled devices. As long as one is within network's service area, one will be able to connect to the internet. The usage of Wi-Fi in various sector are propelling the growth of the wireless broadband in public safety market.
The Remote Monitoring & Surveillance segment has shown growth rate of 26.7% during (2022 - 2028). Remote monitoring transmits pictures and video images taken by several cameras at the facility to an area, mainly the monitoring station, via an internet connection. These stations are designed to respond quickly to any suspicious behavior to safeguard businesses and properties against theft or damage by criminals. When the remote surveillance system detects suspicious or unusual activity, the live feed of the occurrence is displayed on a screen in the distant area of skilled security personnel. These security professionals will next actively monitor the incident's video or images, zooming and adjusting cameras as needed to get the greatest view possible.
The First Responders segment acquired maximum revenue share in the Global Wireless Broadband in Public Safety Market by End User 2021, thereby, achieving a market value of $60.2 billion by 2028. For a variety of reasons, such as accessibility, the ability to converse in methods other than voice, the ability to connect multiple channels and assets at a specified moment, and more, public safety broadband networks (PSBNs) are becoming a useful resource for first responders to witness emergency crises and natural disasters. Commercial cellular operators and SDR-based satellite communications are both critical components of these life-saving networks' overall function. PSBNs are being successfully implemented by an increasing number of jurisdictions and organizations, serving as case studies and guidance for others. With technological developments comes improved public safety and the ability to properly use all resources at the correct time to save lives, reduce disasters, and aid in recovery.
The Software segment is showcasing a CAGR of 26.7% during (2022 - 2028). A software solution provides a connection between wired and wireless networks. It is a program that automates routine operations and does all of the time-consuming duties. The step in developing software applications that match the special demands of a person or a company is known as custom software development.
The North America market dominated the Global Wireless Broadband in Public Safety Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $37.2 billion by 2028. The Europe market is estimated to witness a CAGR of 26.2% during (2022 - 2028). Additionally, The Asia Pacific market would exhibit a CAGR of 26.5% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AT&T, Inc., Broadcom, Inc., Cisco Systems, Inc., Telefonaktiebolaget LM Ericsson, Extreme Networks, Inc., Huawei Technologies Co., Ltd., Juniper Networks, Inc., Motorola Solutions, Inc., Hitachi, Ltd., and Aruba Networks.
By End User
Unique Offerings from KBV Research