In a recent published report, Kenneth Research has updated the market report for Wireless Broadband in Public Safety Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Wireless Broadband in Public Safety Market products.
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Kenneth Research, in its repository of market research reports, have recently added a report on Wireless Broadband in Public Safety Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2021 2030. The Wireless Broadband in Public Safety Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide.
According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
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.
The security threats across the globe have not only raised challenges for public safety organizations but have also influenced them to adopt and implement several security measures. 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.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Disaster and c management mitigation
1.2 Enhanced speed on next-generation network
1.3 Strong government regulations
1.4 Increasing need for public safety
1.5 Time saving and cost reduction
1.6 Easy availability of real-time information
2. Market Restraints
2.1 Increasing rate of security breaches and interception
2.2 Budget constraints
2.3 Requirement of spectrum allocation
2.4 Complexity related to analyze the data collected during emergency situations without analytics tool
Market Segmentation:
The Global Wireless Broadband in Public Safety Market is segmented on the end user, system, application, and region.
1. End User:
1.1 Fire Department
1.2 Emergency Medical Service Providers
1.3 Police Department
2. By System:
2.1 Satellite Wireless Broadband
2.2 Mobile Wireless Broadband
2.3 Fixed Wireless Broadband
3. By Application:
3.1 Automated Vehicle Locating
3.2 Incidence Scene Management
3.3 Mobile VPN Access
3.4 Emergency Medical Telemetry
3.5 Video Surveillance
3.6 GIS
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. ZTE Corporation
2. Huawei Technologies Co. Ltd.
3. Ericsson
4. AT&T Inc.
5. Alcatel-Lucent S.A.
6. Verizon Communications Inc.
7. Airbus Group, Inc.
8. Motorola Solutions, Inc.
9. Nokia Networks
10. Harris Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Full Report – https://www.kennethresearch.com/report-details/global-wireless-broadband-in-public-safety-market/10008616
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Wireless Broadband in Public Safety Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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