Press release
Wireless Broadband in Public Safety Market is expected to flourish at a 24.8% CAGR from 2022-2032
The revenue of the global wireless broadband in public safety industry reached US$ 20.6 Billion in FY 2021 and is projected to increase to US$ 26.3 Billion in 2022, representing a year-over-year growth rate of 27.6%.Throughout the forecast period, the market is anticipated to expand at a compound annual growth rate (CAGR) of 24.8%. According to the report, by the end of 2032, the market is expected to be valued at US$ 240.1 Billion.
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The growth of public safety initiatives significantly contributes to the market's expansion, with an increased deployment of wireless broadband in applications such as video surveillance, emergency medical monitoring, and crime scene management.
Furthermore, both private and public sectors are expected to drive market growth by expanding their use of wireless broadband. The crucial factors for further market expansion include advancements in next-generation technologies in rural areas and the enhancement of wireless broadband service availability.
The advancements in wireless broadband technologies, coupled with improved mobility, have enabled government and private organizations to access real-time information for safeguarding public safety through wireless broadband solutions. Additionally, the growth of the Internet of Things (IoT) and artificial intelligence (AI) is playing a pivotal role in sustaining this expansion.
Key Drivers Accelerating Growth in the Wireless Broadband in Public Safety Market:
Growing Demand for Mobile Connectivity and 5G Network:
The increasing adoption of connected devices, integration of sensors, and rising public safety concerns are propelling the global wireless broadband market's growth in public safety.
Advancements in technology, coupled with a surge in demand for affordable and real-time information, are key drivers for market expansion.
Mobile Services and 5G Network Development:
The rise in mobile services usage and the development of 5G networks have significantly contributed to the growth of the wireless broadband in public safety market.
Increasing government expenditures on public safety applications, coupled with the rise of IoT, present lucrative growth opportunities for the market.
Global Connectivity Trends:
Reports from the Mobile Economy (2019) indicate that approximately 5.2 billion people, representing 67% of the global population, use mobile services.
Cisco predicts that by 2023, 70% of the world's population will be connected to the mobile web, creating a substantial user base for wireless broadband technology.
Increasing Usage in Critical Communication:
The wireless broadband technology is increasingly employed in critical communication applications at locations such as airports, railways, commercial buildings, and metros.
This widespread adoption is driven by the deployment of critical communication applications in these high-traffic areas.
Browse Full Report: https://www.factmr.com/report/wireless-broadband-in-public-safety-market
Key Segments Covered in the Wireless Broadband in Public Safety Industry Survey:
Technology:
Wi-Fi-based Wireless Broadband in Public Safety
Single Band
Dual Band
Cellular M2M-based Wireless Broadband in Public Safety
4G and 4G+
5G
Offering:
Wireless Broadband Hardware in Public Safety
Wireless Adapter
Access Point and Range Extender
Other Offerings
Wireless Broadband Software in Public Safety Solutions
Wireless Broadband Services in Public Safety
Managed Services
Professional Services
Application:
Wireless Broadband in Public Safety for Critical Communication
Wireless Broadband in Public Safety for Remote Monitoring and Surveillance
Wireless Broadband in Public Safety for Location Guidance
Other Wireless Broadband in Public Safety Applications
End User:
Wireless Broadband in Public Safety for First Responders
Fire Fighters
Law Enforcement
Other First Responders
Wireless Broadband in Public Safety for Critical Infrastructures
Commercial Facilities
Healthcare and Medical Facilities
Government Facilities
Transportation System Sector
Other Critical Infrastructures
To learn more about Wireless Broadband in Public Safety Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=7362
Competitive Landscape:
Manufacturing collaboration strategies, introduction of new products, and technological innovations are critical for increasing output and market share.
Recent News:
In July 2021, Motorola and Sierra Wireless collaborated to offer cost-effective and reliable mobile connectivity solutions for first responders.
In November 2021, Juniper Networks introduced AI-powered offerings to simplify network operations and enhance security and scalability.
Key Players in the Wireless Broadband in Public Safety Market:
Aruba Networks
AT&T
Broadcom
RAPID7
Ericsson
Extreme Networks
Hitachi
Juniper Networks
MOTOROLA
Huawei
Key Takeaways from the Wireless Broadband in Public Safety Market Study:
Global wireless broadband in public safety market value to reach US$ 26.3 Billion by 2022.
Wi-Fi-based wireless broadband to gain traction at over 24% CAGR based on technology.
Wireless broadband in public safety hardware to be the most sought after, growing at a 24.1% CAGR.
The U.S. to be the dominant growth hotspot, reaching a value of US$ 83.6 Billion by 2032.
The U.K. to experience a staggering 23.6% expansion in the wireless broadband in public safety market.
China to yield a dollar opportunity worth US$ 15.3 Billion across the 2022-2032 forecast period.
Japanese and South Korean markets to collectively be valued at nearly US$ 23 Billion by 2032.
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