Global Market Size, Forecast, and Trend Highlights Over 2025-2037
IT in Public Safety, HLS and Intelligence Agencies Market size is expected to expand at around 7.2% CAGR during the forecast period i.e., between 2025-2037.
The growth of the market can be primarily attributed to the growing adoption of cloud-based applications and services, and rising emergence of big data analytics in public safety and security. It is calculated that cloud data centers will process 94 percent of all workloads by the end of 2021. Around 34 percent of employees around the world have admitted that they prefer to work in the cloud. In addition to these, rapid growth of cybersecurity incidents across the world, and increase in government spending on homeland security and emergency management are also expected to drive growth to the market segment in the upcoming years. Furthermore, several separatist movements globally are still armed and highly active, which results in creation of hazardous situations for nations in which these are taking place. This is a crucial factor projected to offer ample opportunities to the market in the near future.
IT in Public Safety, HLS and Intelligence Agencies Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Adoption of Cloud-Based Applications and Services
- Rising Emergence of Big Data Analytics in Public Safety and Security
Challenges
- High Installation and Maintenance Cost of Public Safety Systems
IT in Public Safety, HLS and Intelligence Agencies Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.2% |
|
Base Year Market Size (2024) |
|
|
Forecast Year Market Size (2037) |
|
|
Regional Scope |
|
IT in Public Safety, HLS and Intelligence Agencies Segmentation
The IT in public safety, HLS and intelligence agencies market is segmented by end use into cybersecurity, aviation security, maritime security, law enforcement, critical infrastructure security, risk and emergency services, border security, and others. Out of these, the cybersecurity segment is anticipated to witness the highest growth in the global IT in public safety, HLS and intelligence agencies market. This can be accounted to the growing deployment of web and mobile applications by organizations. Apart from these, enhanced cybersecurity products provide comprehensive security to critical business applications, which is also predicted to boost the growth of the market segment in the future. Additionally, on the basis of solution, the systems segment is assessed to acquire the largest share during the forecast period, which can be credited to the increasing demand for non-lethal weapons for controlling riot situations.
Our in-depth analysis of the global market includes the following segments
|
By Solution |
|
|
By Installation |
|
|
By End User
|
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportIT in Public Safety, HLS & Intelligence Agencies Industry - Regional Synopsis
Asia Pacific industry is estimated to hold largest revenue share by 2037. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the growing emphasis on modernization of existing IT infrastructure for public safety, and increasing geo-political tensions around the region. In addition, rise in defense related expenditure is also projected to boost the region’s market growth in the near future. As per the World Bank, India’s total military expenditure as a share of GDP in 2018 was 2.833 percent, which grew up to 2.395 percent in 2019. Moreover, the market in North America is anticipated to grab the largest share during the forecast period owing to the high usage of IT in HLS and intelligence agencies, emergence of strict regulatory framework and strong presence of prominent market players in the region.
Companies Dominating the IT in Public Safety, HLS and Intelligence Agencies Landscape
- 3M Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ABB, Ltd.
- Accenture Plc
- AeroVironment Inc.
- AT&T Inc.
- Avigilon Corporation
- BioEnable Technologies Pvt Ltd
- Bollinger Shipyards, Inc
- Cisco Systems, Inc.
- China Security & Surveillance, Inc.
In the News
-
July 2020- Cisco announced the availability of Cisco SecureX, which is an integrated cloud-native security platform. It can manage security challenges and accelerated digital transformations with network, cloud and application security.
Author Credits: Abhishek Verma
- Report ID: 3525
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
