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Wireless Broadband in Public Safety Market Worth $126.9 billion by 2029, Growing At a CAGR of 25.9% Report by MarketsandMarkets™
Chicago, April 22, 2024 (GLOBE NEWSWIRE) -- The global Wireless Broadband in Public Safety Market size is estimated at USD 40.2 billion in 2024 to USD 126.9 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 25.9% during the forecast period, at a CAGR of 37.1% during 2024-2028 period, according to a new report by MarketsandMarkets™. The public safety market is driving the growth of wireless broadband due to its ability to provide real-time information critical for emergencies. Advancements like 5G and MCPTT technology offer faster data speeds, improved network capacity, and instant communication between first responders. Real-time video surveillance, better inter-agency coordination, and quicker response times significantly improve public safety. With governments recognizing this value and investing in infrastructure and adoption, the wireless broadband market for public safety is poised for significant growth.
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317 - Tables 53 - Figures 270 - Pages
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Wireless Broadband in Public Safety Market Dynamics:
Drivers:
Surge in usage of mobile phones and internet connectivity
Enhancement in public safety and availability of real-time information
Cybersecurity and data protection.
Restraints:
Security breaches and interception.
Network congestion in critical situations
Opportunities:
Enhancing next-generation technologies and availability of wireless broadband in rural areas.
Convergence of public safety and commercial networks
List of Key Players in Wireless Broadband in Public Safety Market:
AT&T(US)
Verizon Communications Inc (US)
Cisco Systems
Inc (US)
Ericsson (Sweden)
Huawei Technologies Co. Ltd (China)
Broadcom (US)
HPE Aruba Networks (US)
Extreme Networks (US)
Juniper Networks (US)
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By offering, the hardware segment is expected to have the largest market size during the forecast period.
The hardware segment is projected to capture the largest market share within the wireless broadband for public safety market during the forecast period 2024-2029. This dominance can be attributed to two primary factors. Public safety organizations continually upgrade their ...