North America, the Largest Revenue Producer in Public Safety and Security Market The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities globally. North America public safety and security market had the largest revenue, of about $160 billion, worldwide in 2021. This is attributed to the existence of numerous vendors and strict government regulations. Additionally, the rise in the usage of smartphones, as well as high internet penetration, and high evolution in the e-commerce industry are other major driving factors. For example, there were approximately 300 million internet users all around the U.S. in the year 2021. Conversely, the APAC public safety and security market will register the highest growth, of around 12%, by the end of this decade. This can be credited to the surging acceptance of advanced surveillance systems in numerous countries of the region. Furthermore, the existence of a large count of mobile internet users also pushes the growth of the market. According to the experts of the industry, China contains approximately 64% of the 1.5 billion total mobile internet connections, thus enhancing the requirement for public safety and security solutions. Read More: https://www.psmarketresearch.com/market-analysis/public-safety-security-market
North America, the Largest Revenue Producer in Public Safety and Security Market The size of the public safety and security market was at $411 billion in the year 2021, which will reach over $1,115 billion by the year 2030, advancing at a growth rate of around 12% in the years to come. This is largely ascribed to the rising application of innovative technologies in smart cities, increasing crime rates, the increasing cases of disastrous accidents, and the growing count of terrorist activities globally. North America public safety and security market had the largest revenue, of about $160 billion, worldwide in 2021. This is attributed to the existence of numerous vendors and strict government regulations. Additionally, the rise in the usage of smartphones, as well as high internet penetration, and high evolution in the e-commerce industry are other major driving factors. For example, there were approximately 300 million internet users all around the U.S. in the year 2021. Conversely, the APAC public safety and security market will register the highest growth, of around 12%, by the end of this decade. This can be credited to the surging acceptance of advanced surveillance systems in numerous countries of the region. Furthermore, the existence of a large count of mobile internet users also pushes the growth of the market. According to the experts of the industry, China contains approximately 64% of the 1.5 billion total mobile internet connections, thus enhancing the requirement for public safety and security solutions. Read More: https://www.psmarketresearch.com/market-analysis/public-safety-security-market
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Public Safety and Security Market Size Outlook Report 2030
The global public safety and security market size was $411.0 billion in 2021, and it will grow at a compound annual growth rate of 11.7 % through 2030.
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