PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504947
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504947
The global wireless broadband in public safety market size is expected to reach USD 219.84 billion by 2032, according to a new study by Polaris Market Research. The report "Wireless Broadband in Public Safety Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software, And Service); By System; By Application; By End-Use And By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Wireless broadband technology has become increasingly crucial in public safety, particularly in emergency situations. Emergency service organizations, including medical, fire, and police services, rely heavily on wireless broadband for effective communication and situational awareness. The secure and accessible data transmission capabilities of wireless broadband have led to a growing demand for its services across government and private sectors.
Wireless broadband offers a wide range of applications such as virtual private networks, medical emergencies, automated vehicle locating, and incident scene management. This has led to a surge in demand for wireless broadband services, which is expected to continue in the coming years. The market for wireless broadband in public safety is witnessing profitable growth, fueled by increased investments in wireless broadband infrastructure and advancements in public safety and security measures. Ongoing developments in telecommunication networks, broadband infrastructure (e.g., 3G, 4G, 5G), and cybersecurity solutions are contributing to the growing demand for wireless broadband in the public safety market. Government agencies are increasingly relying on wireless broadband for video surveillance, emergency medical telemetry, and incident scene management, which is further boosting market growth.
The expansion of wireless broadband usage in both private and public sectors is set to propel market expansion. Public safety organizations and government agencies require broadband services for deploying security systems, managing emergency networks, and disaster response operations. However, the need for developed wireless network infrastructure in some developing countries may impede market growth.
Furthermore, the increasing demand for tablets, mobile phones, and modems, especially among the millennial population, coupled with ongoing advancements in wireless technology, continues to drive demand for wireless broadband in public safety.
In 2023, the services segment accounted for the largest market share in the wireless broadband in public safety market. Service providers offer comprehensive solutions and support packages tailored to the specific needs of public safety agencies. These solutions often include a range of services such as network design, implementation, training, technical support, and ongoing optimization.
The video surveillance and monitoring segment is expected to grow at the fastest CAGR during the forecast period. As smart city projects continue to proliferate, the demand for video surveillance solutions integrated with wireless broadband networks is expected to grow, driving market expansion in this segment.
In 2023, North America dominated the largest market. The heightened focus on homeland security and emergency preparedness in North America has led to increased investments in public safety technologies, including wireless broadband.
Asia Pacific is expected to grow at the fastest CAGR during the forecast period. The Asia Pacific region is prone to various threats, including natural disasters, terrorist activities, and public health emergencies. These threats necessitate robust communication infrastructure and emergency response capabilities.
The global key market players are Verizon Communications Inc., Cisco Systems, Inc., Ericsson, Huawei Technologies Co. Ltd, Broadcom, Extreme Networks, Motorola Solutions, L3Harris Technologies, Inc, Hughes Network Systems, LLC, ZTE Corporation.
Polaris Market Research has segmented the wireless broadband in public safety market report based on offering, system, application, end use, and region.