Wireless Broadband in Public Safety Market (Capex Model, Managed Model, Hosted Model) Worth $22.3 Billion in 2015 - New Report by MarketsandMarkets
(PRWEB) October 27, 2013 -- The report “Wireless Broadband in Public Safety - Advanced Technologies and Global Market (2010 - 2015)” provides extensive analysis of “wireless broadband in public safety market” including current market trends, industry drivers, and challenges for better understanding of the market. This report covers the strategies followed by “wireless broadband in public safety market” players.
Browse market data tables and in-depth TOC of Wireless Broadband in Public Safety - Advanced Technologies and Global Market (2010 - 2015) report.
http://www.marketsandmarkets.com/Market-Reports/broadband-64.html
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Wireless broadband technologies have been constantly evolving over the decades after their introduction in 1980s. There have been massive advances and developments; both - in terms of technologies and devices, and the way these technologies interoperate. With increasing terrorism across the globe and unanticipated natural disasters over the last decade, the public safety application segment has emerged as a key market for the wireless broadband technology providers. Growth in the implementation of city-wide and municipal wireless broadband services is driving innovations worth billions of dollars, and is expected to scale new heights within the next five years benefiting ISPs (internet service providers), mobile device, and infrastructure developers.
The public safety market provides huge opportunity for global wireless broadband technologies market players as the overall spending is expected to reach from $15.2 billion in 2009 to $22.3 billion in 2015, registering a CAGR of 6.5% during 2010-2015. The market is further expected to have a total spending of $34.7 billion by the end of 2020; registering a CAGR of 9.3% during 2015 – 2020.
Enhancement in public safety and availability of real-time information highly affect wireless broadband for public safety market as security and safety of the citizens and public is an everyday issue and vital actions are being taken across the globe to enhance public safety. The opportunities such as next-generation technologies and crisis and disaster mitigation will highly affect the public safety market, whereas restraints such as less funding in the public safety domain and security threats and interceptions will have a high impact on the market in short term, but as the benefits from wireless broadband network technologies are ascertained, the overall impact will reduce in the long term.
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