The Latin America, Middle East and Africa Safe City Market would witness market growth of 18.0% CAGR during the forecast period (2022-2028).
The integration of smart technology with video surveillance, biometrics, access cards, etc. will be the next phase for smart cities. Law enforcement agencies would be able to recognize criminals and offenders in a city through this integration and take the necessary actions to apprehend them.
In various nations, smart national ID cards that contain the user's information and serve as a key form of identification for the user are already demonstrating the advantages of smart technology. These are some of the important factors of safe city market.
When people talk about public awareness, it also includes private companies that are vulnerable to natural disasters, criminals, etc. Efficiency gains will result from enabling all community entities to use a single security system, lowering the amount of time needed to take action and enabling prompt apprehending of the offender. The public will be more willing to accept security measures the more aware they are of security dangers.
Brazil is anticipated to extensively spend on security measures, notably in the 12 major cities where the games will take place, due to the need to enhance infrastructure & security measures in light of the 2014 World Cup events. Attempts have been made to implement safer city concepts all around the nation, particularly in the northern cities. In addition, the UAE's fast-expanding population and immigrant inflow, coupled with the rise in smuggling, theft, and burglary cases, are other significant factors driving the adoption of video surveillance systems there.
The Brazil market dominated the LAMEA Safe City Market by Country in 2021; thereby, achieving a market value of $1.1 billion by 2028. The Argentina market is showcasing a CAGR of 18.6% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 17.6% during (2022 - 2028).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Technology, the market is segmented into Video Surveillance & Analytics, Command & Control Systems, Cybersecurity, Public Safety Communications, Emergency Management System (EMS), Location Tracking System, Data Center Infrastructure and Physical Identity & Access Management (PIAM). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Safe City Market is Predict to reach $67.1 Billion by 2028, at a CAGR of 14.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Teledyne FLIR LLC (Teledyne Technologies Incorporated), Siemens AG, Honeywell International, Inc., BAE Systems PLC, Identiv, Inc., NEC Corporation, Bosch Energy and Building Solutions (Robert Bosch GmbH), Alcatel-Lucent Enterprise (China Huaxin Post and Telecom Technologies Co., Limited) and Esri, Inc.
By Component
By Technology
By Country
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