According to a new report, published by KBV research, The Global Safe City Market size is expected to reach $67.1 billion by 2028, rising at a market growth of 14.3% CAGR during the forecast period.
The Hardware market is leading the Global Safe City Market by Component in 2021 thereby, achieving a market value of $40.8 billion by 2028. The development of various safe city hardware solutions, including CCTV, Internet of Things (IoT) modules, Global Positioning Systems (GPS), servers, smart lights, communication systems, and other control room equipment, can be credited to the segment's growth. To enhance their product offerings and grow their consumer base, businesses are concentrating on different business tactics, like mergers and acquisitions.
The Command & Control Systems market is experiencing a CAGR of 13% during (2022 - 2028). Command and control software integrate various security programmes and equipment on a centralized platform and links several separate systems at distinct locations. This offers comprehensive security management, reducing complexity and facilitating better decision-making. The benefits of command & control systems would rise the demand for them and support the market growth.
The North America market dominated the Global Safe City Market by Region in 2021; thereby, achieving a market value of $24.7 billion by 2028. The Europe market is poised to grow at a CAGR of 13.8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 15.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/safe-city-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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