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SOURCE: Transparency Market Research
According to Transparency Market Research “Public Safety Wireless Communication & Municipal Wireless Communication Market: Global Spending Analysis & Forecast (2007 – 2017)”Public Safety Wireless Communication market spending is estimated to be USD 14.8 billion in 2011 and expected to reach USD 15.8 billion in 2012 and further to USD 22.1 billion at a CAGR of 6.98% over the period 2012 to 2017. Browse full report at http://www.transparencymarketresearch.com/public-safety.html
Albany NY (PRWEB) November 16, 2012
Police Department accounted for the largest share of spending at 72.5%of Public Safety Wireless Communication market spending in 2011 and also will be the fastest growing segment at 7.0% CAGR during 2012 – 2017. Municipal Wireless Communication spending .reached USD 9.2 billion in 2011 and is expected to reach USD 14.9 billion by the end of 2017 with a CAGR of 8.4% during 2011 – 2017.
The future growth in the ongoing process of city-wide and municipal wireless broadband services is the main factor that leads to technology innovation in wireless broadband with the increase in number of new services over the next seven years. This will be an ad on advantage for mobile wireless device, equipment and infrastructure developers. The globe is witnessing the fear from many sides such as terrorist attack are also increasing so there is need to advancement in every direction and simultaneously there are places where natural disasters occurs frequently so there is the need for public safety application segment and municipal wireless to play an unmatched role in wireless broadband technology.
In North America [http://www.transparencymarketresearch.com/north-america-public-safety.html ,the spectrums of public safety are used in many applications due to limited spectrum availability in the network. North America also has a target of 99%, 4G high-speed wireless penetrations nationwide to support the growth and deployment of public safety wireless communication throughout the country.President Obama on February, 2011, announced "Wireless Innovation and Infrastructure Initiative" or "National Wireless Initiative" and has allocated federal funds to spend on wireless goals i.e. USD 18 billion for the wireless policies, radio spectrum allocation of “D” block for public safety. This will lead to the deployment of network and infrastructure growth in the country that will increase more suppliers to attract the North American public safety market. North America accounted for 50.3% of the overall public safety wireless communication spending in 2011.
The Asia Pacific http://www.transparencymarketresearch.com/asia-pacific-public-safety.html is on a steady rate growth as countries are in the development stage so acceptance of the technology and market penetration depends on the market growth of developed countries, since they are still following the developed countries and in hand trying to compete with them in technology and all perspective to have an upper hand in technology. Hence there is the need for the development for public safety and municipal wireless to act in hand within the wireless broadband technologies. Asia – Pacific accounted for USD 2,054.1 million of global public safety wireless communication spending in 2011. With fasted growth rate among all the regions, the APAC market is expected to command 15.7% share by the end of 2017.
In EMEA http://www.transparencymarketresearch.com/europe-middle-east-africa-emea-public-safety.html the spectrums of public safety are used in many applications due to limited spectrum availability in the network. With growing demand of public safety wireless communication the development of public safety organization in city of Berlin has launched the project ‘Wireless City Berlin’ (WCB) which is supported by the European Regional Development Fund (ERDF) and in South Moravia are some example of latest development in public safety. Infrastructure development and services market are showing huge growth rate in the next seven years which will help in future growth of wireless communication in public safety and municipal wireless communication.
The public safety devices and equipment market in Latin America [ http://www.transparencymarketresearch.com/latin-america-public-safety.html is expected to grow in the next four years when the infrastructure growth will give a strong background in the next 3 years and a strong development of wireless technologies. This increase in wireless technology has future growth opportunities in public safety and municipal wireless communication.
Public safety Network Technology & Infrastructure spending stood at USD 3,439.4 million in 2011 whereas equipment, devices and services spending share stood at 21.3%, 14.3% and 26.8% in the same year. Wi-Fi is the largest spending technology segment currently with 18.6% share of Network Technology segment. LTE has the fastest adoption rate and is expected to the largest spending technology segment by the end of 2020. Satellite communication spending in public safety stood at USD 952.7 million in 2011. TETRA/TEDS are the largest spending communication network technology segment with 2011 spending reaching USD 1,027.3 million.
Scope and Overview
The objective of the study on “Public Safety Wireless Communication & Municipal Wireless Communication Market: Global Spending Analysis & Forecast” is to gain detailed market insights for key Public Safety Wireless Communication & Municipal Wireless Communication segments that include network technology, devices, equipments & services. The market is analyzed on the basis of growth trends, ongoing developments, market penetration and revenue share.The report also covers the strategies followed by “Public Safety Wireless Communication & Municipal Wireless Communication Market” players.
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