IT in Public Safety, HLS and Intelligence Agencies Market Share

On the basis of geographical analysis, the global IT in public safety, HLS and intelligence agencies market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. 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.