Public Safety-LTE Market Projected to Reach $15.4 billion by 2025

June 23, 2022

/EIN News/ -- Chicago, June 23, 2022 (GLOBE NEWSWIRE) -- According to MarketsandMarkets™, the "Public Safety-LTE Market by Infrastructure (E-UTRAN, EPC), Services (Consulting and Integration), Deployment Model (Private, Hybrid), Application (Law Enforcement, Firefighting Services), and Region - Global Forecast to 2025", is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025; it is expected to grow at a CAGR of 21.1% during the forecast period. Seamless data connectivity offered by LTE technology and increased data security and high quality of services offered by LTE technology are expected to help the growth of the PS-LTE market during the forecast period.

Ask for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149438422

The law enforcement & border control application segment of PS-LTE market to hold the largest market share during forecast period

The law enforcement & border control segment accounted for the largest market share of the PS-LTE market and is expected to keep its position during the forecast period. Increasing demand for high-speed data connectivity from law enforcement & border control agencies to share high-definition audio and video content with command centers during field operations is driving the growth of this segment. Linking these audio and video messages with face recognition systems helps public safety agencies to prevent the occurrence of potential accidents. The development of human- and vehicle-carriable LTE network connectivity routers is expected to further fuel the adoption of PS-LTE in law enforcement & border control and other public safety applications.

Browse in-depth TOC on “Public Safety-LTE Market”
297 - Tables
61 - Figures
286 - Pages

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=149438422

Major players operating in the PS-LTE market are:

The infrastructure segment of the PS-LTE market is expected to hold for largest market share during forecast period

The infrastructure segment holds the largest market share and is expected to keep its position during the forecast period. The growth of the infrastructure segment can be attributed to the new public safety projects being undertaken in Europe, especially in the UK, Finland, and France and in Asian countries, such as South Korea and Japan. The growth of the PS-LTE market for infrastructure in Europe can be attributed to the ongoing initiatives in the region to replace the fully functional TETRA network with PS-LTE systems by 2020.

PS-LTE market in North America holds largest market share and projected to grow at highest CAGR during forecast period

The growth of the PS-LTE market in North America is largely driven by an increase in the number of terrorist attacks; the occurrence of natural calamities such as floods, cyclones, forest fires, and earthquakes; and cyberattacks in the region. For instance, the 9/11 attack in the US triggered the requirement for public safety communication as there were several cases of communication breakdown among different government agencies during this attack.

The protection of critical infrastructures is the most severe economic and national security challenge by the governments of both the US and Canada, thereby leading to the growth of the PS-LTE market in North America. Moreover, the deployment of new PS-LTE networks in Mexico has further supplemented the growth of the market in this region.

Related Reports:

Narrowband IoT (NB-IoT) Chipset Market with COVID-19 impact, by Device (Smart Meters, Smart Parking), Deployment (Guard, In-Band, Stand-Alone), Vertical (Energy & Utilities, Infrastructure, Building Automation), and Region - Global Forecast to 2025


About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com