- Press Release -

As per detailed industry analysis on public safety software by Fact.MR, a market research and competitive intelligence provider, the global market is anticipated to expand at a robust CAGR of 11% over the forecast period of 2021-2031, reaching US$ 20 Bn in valuation by 2031.

Public safety software assists in the reduction of risks and protection of diverse organizations against terrorist attacks and natural disasters. Rising concerns about the importance of security, replacement of obsolete architecture, and increase in natural calamities are driving market growth. Increasing criminal activities, natural disasters, and cross-border terrorism are all contributing to the expansion of the market. Growing adoption of public safety software in law enforcement departments to find real-time information is fueling market growth.

Furthermore, governments across the world are attempting to establish intelligent mitigation plans to reduce the damage and response time to natural disasters and terrorist acts, which is projected to have a positive impact on the market for public safety software.

Key Takeaways from Market Study

• Global public safety software market to top US$ 20 Bn by 2031.
• Computer-aided dispatch solutions projected to reach around US$ 3 Bn by 2031.
• Record management solutions projected to record above 10% CAGR over next 10 years.
• Market in North America holds share of more than 40%.
• Market in Germany to record 9% CAGR over forecast period of 2021- 2031.

“With increase in cyber risks and threats, various public safety software solutions such as computer-aided dispatch solutions, record management solutions, and mobile police software solutions are gaining rapid traction. Adoption of stricter policies by law enforcement agencies, prosecutors, and other key end users is projected to surge product adoption,” says a Fact.MR analyst.

Market Competition

With the competition getting stronger, key public safety software providers are adopting strategic approaches along with launching a broader range of products to sustain their positions.

For instance,

• The Federal Bureau of Investigation (FBI) has taken its ‘Cyber Strategy’ to change the behavior of individuals and nation-states that believe they can compromise U.S. networks, steal financial and intellectual property, and put critical infrastructure at risk, without facing any risk themselves. Such initiatives will positively impact sales of public safety software over the coming years.

More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the public safety software market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study divulges essential insights on the market on the basis of solution (computer-aided dispatch solutions, jail management solutions, incident management solutions, mobile police software solutions, court management solutions, reporting solutions, record management solutions, scheduling solutions, permit and license administration solutions, and other solutions), deployment (on-premise and cloud-based), and end user (law enforcement agencies, municipal police departments, courts, prosecutors, marshals and fire departments, district attorneys, and others), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).

About the Technology Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations – the technology team at Fact.MR assists clients with unique business intelligence needs on a global level. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the technology lucidly in 50+ countries for over a decade. The technology team at Fact.MR assists clients in their business expansion as well as new ventures, through hawk-eyed analysis and strategic recommendations.

For more information, refer to our market research report or contact the PR author.

Shambhu Nath Jha

Fact.MR

Sr. Consultant – ICT

E-mail: shambhu@factmr.com