Rising cyber security threats, natural calamities along with growing risk of terrorist attacks across the globe are the major factors which help the public safety software market to grow.
Rockville, United States - November 19, 2019 /MarketersMedia/ —
According to a latest research analysis by Fact.MR, the global market for public safety software will expand at an exponential CAGR during the forecast period of 2017 to 2026. The growth of the industry can be widely attributed to increasing user awareness about the necessity of security, increasing levels of hazards in industrial exploration, and the replacement of outdated architecture. Governments around the world have been pushing for the development of intelligent prevention plans to cut down on the response times against a wide range of man-made and natural threats.
Demand from Law Enforcement Key to Continuing Growth
Public safety software is essential for organizations that seek to reduce the risks and damages from problems such as terrorist attacks and natural calamities. The software provides solutions for public safety management in addition to tools such as computer aided dispatch, jail management, records management, crime analysis, and field reporting mapping among others.
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The rising number of natural calamities, cyber-crime instances, coupled with the growing threat of global terrorism are key factors that are accounting for the substantial growth for the public safety software market.
The demand for such software offerings is especially high from law enforcement organizations around the globe, owing to the real time inputs that are given from the software tools. This demand has resulted in a high number of mergers between technology partners and vendors. On the other hand, the market is expected to go through a restrained period of growth through the forecast period owing to the high costs of such software offerings and security concerns that restrict the sales of these software to the general public.
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Jail Management Solutions to Gain Higher Growth Rates
Some of the most popular variants of public safety software include permit and license administration tools, computer aided dispatch solutions, scheduling tools, jail management solutions, record management solutions, incident management solutions, reporting tools, mobile police software solutions, and court management solutions. Of these record management solutions and computer aided dispatch software are expected to gain the highest shares over the market, with a higher rate of growth going to jail management solutions.
Innovations in digital technologies such as cloud solutions, and software as a service models are expected to gain traction, which will be augmented with the release of 5G technologies and improvements in artificial intelligence and mobility.
Public Safety Software Market: Competitive Analysis
The research analysis by Fact.MR highlights the comprehensive profiles of leading players who are running their businesses in the public safety software market including policeone.com, Spillman Technology Inc., Saltus Technologies, DF Labs SPA, Envisage Technologies LLC, IBM Corporation, PTS Solutions Inc., Abbott Laboratories, SysTools Software Pvt. Ltd., Wynyard Group, Tyler Technologies Inc., and IntelliChoice Inc. among others. Partnerships and acquisitions are key competitive strategies that are being employed by major players, owing to the increased number of new entrants in the market.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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Source: MarketersMedia
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