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(Wireless-NewsWire.Com, March 19, 2018 ) Global Wireless Broadband in Public Safety Market and Regional Market Size, Status and Forecast to 2025
The Global Wireless Broadband in Public Safety Market was valued at USD 7.98 billion in 2016 and is projected to reach USD 50.10 billion by 2025, growing at a CAGR of 22.65% from 2017 to 2025.
Wireless broadband for public safety system improves the quality of people management and safety through wireless communication networks. Advanced communication solutions, including Long-Term Evolution mobile communicator, real-time data transfer applications, wireless mobile network, radio management system, and many others have improved the communication and interoperability among public safety departments, resulting in efficient disaster management service.
Major players in the Wireless Broadband in Public Safety market include Ericsson, Harris Corporation, Nokia Networks, AT&T Inc., Alcatel-Lucent S.A., Motorola Solutions, Inc., Airbus Group, Inc., and ZTE Corporation.
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There has been a significant rise in the incidence of terrorist attacks on enterprises, government headquarters, and major landmarks in recent years. The occurrence of natural disasters such as earthquakes, tsunamis, tornadoes, and hurricanes has also increased of late, in addition to road and air mishaps. This surge in security threats and unforeseen casualties has created major challenges for public safety organizations, driving the demand for effective security, response, and rescue measures. This has significantly boosted the importance of wireless broadband in public safety.
The rapid surge in the adoption of smartphones, portable modems, tablets, and other mobile devices, coupled with technological advancements in wireless connectivity and networks, has also acted as a major driver for the global market for wireless broadband in public safety. This market is also fueled by the growing need for faster real-time communication and data access.
The major challenge, as of now, is concern regarding security breaches. Moreover, the lack of awareness and proper infrastructure in several developing economies also acts as a key hindrance to the wireless broadband in public safety market. Other impediments include the dearth of funding, the challenge of spectrum allocation, and the dependence on analytics in evaluating information gathered during emergency situations.
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Major wireless broadband providers offer advanced communication networks in public safety solutions across all the developed and the developing regions including North America, Europe, and Asia-Pacific. However, lack of infrastructure and low government funding in several underdeveloped regions, including North Africa and Latin America, are key factors obstructing the market growth.
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