Public Safety Software Market Skyrockets to $36.47 Billion
From GlobeNewswire: 2024-12-13 09:00:00
A new report from The Insight Partners reveals significant growth in the global public safety software market, offering benefits like historical data accuracy and protection against cybercrimes. Various types of software, such as CAD, mobile computing, and record management, are seeing increased adoption in law enforcement, fire departments, and courts.
The market, valued at $16.37 billion in 2022, is expected to grow at a CAGR of 10.5% from 2022-2030 due to increasing data breaches and the integration of AI in public safety. Public safety agencies can now explore advanced solutions like predictive policing software and criminal justice management systems to combat cybercrime and mass-casualty incidents.
With a rise in criminal activities and natural disasters, the demand for public safety solutions has surged, leading to increased investments in technologies to address these emerging threats. Law enforcement agencies globally are adopting public safety software to obtain real-time information, manage public safety, enforce laws, and respond to threats efficiently.
The public safety software market is segmented by deployment type (on-premises and cloud), solution type (CAD, record management, mobile police software, etc.), and end-user (law enforcement, fire departments, courts, etc.). Regions covered include North America, Europe, APAC, the Middle East and Africa, and South and Central America. Key players in the market include CENTRALSQUARE, Hexagon AB, Motorola Solutions Inc., Microsoft Corp, and more. The public safety software market is growing with companies like SmartCOP, Inc., Tyler Technologies, Inc., and Motorola Solutions adopting new strategies and partnerships. The market is projected to reach $36.47 billion by 2030, offering significant opportunities for growth and innovation in public safety technologies. Artificial intelligence, cloud computing, and Big Data are key drivers shaping the future of public safety software. 1. The stock market saw a significant increase today, with the Dow Jones Industrial Average rising by 300 points. The S&P 500 and Nasdaq also experienced gains, with tech stocks leading the way.
2. The latest unemployment report shows a decrease in jobless claims, with 350,000 new claims filed last week. This marks the lowest number of claims since the start of the pandemic, signaling a potential recovery in the labor market.
3. A new study reveals that over 70% of Americans have received at least one dose of the COVID-19 vaccine. This milestone comes as the country continues to push for widespread vaccination to combat the spread of the virus.
4. In international news, tensions between Russia and Ukraine escalate as Russian troops gather near the border. The US and NATO have expressed concern over the situation, calling for a peaceful resolution to the conflict.
5. The latest GDP data shows a 6.4% increase in economic growth for the first quarter of the year. This growth surpasses expectations and is a positive sign for the ongoing recovery from the impact of the pandemic.
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