Global Public Safety and Security Market was valued US$ 246.0 Bn in 2017 and is estimated to reach US$ 798.7 Bn by 2026 at a CAGR of 13.98%.
Public safety and security market is segmented by solution, service, vertical, and geography. On the basis of vertical, public safety and security market is segmented by homeland security, emergency services, and critical infrastructure security and transportation systems. Homeland sub-segment had the largest market share in 2016 and transportation system sub-segment is projected to grow at a higher CAGR during the forecast period. Based on service, public safety and security market is divided by managed service and professional service.
The managed services sub-segment among services is further projected to grow at a high CAGR during the forecast period. The critical communication network solution sub-segment is projected to have high growth during the forecast period as compared to other segments.