The Global Public Safety-LTE Market is projected to reach a value of over USD 19.9 billion by 2027 at a CAGR of around 20.8%.
The Public Safety Long Term Evolution (PS-LTE) is refers to a device, which being used to integrate mobile communication for the public safety agencies. Whereas, the advancement of long term evolution for public safety includes high reliability, cost effective, get real-time data, as well as helps to enable remote management. Also, the deployment of these network lead to boost the support for voice and critical mission data services.
Hence, the public safety is one of the major responsibilities of the government, which involves the aim to secure the citizens from risk of crime or from natural disasters
Market Driver:
With the rising demand for private LTE is witness to boost the growth of the market in the forecast period. Whereas, the various companies are continuously coming into partnerships with public safety LTE vendors for the adoption of private LTE. The Dubai government security networks operator Nedaa has been partnered with Nokia to deliver next-generation network for safe and smart city application. Also, the initiatives of smart city get the challenges for security as well as safety as most of the initiatives involve IoT. However, depend on connectivity which enables deployment, monitoring, and management of various smart devices and equipment.
Furthermore, according to the 5G Americas, in 2018 the global LTE penetration has been more than 50%, whereas, the North America region has led to get the highest penetration. Hence, these adoptions and partnerships will lead to create a major impact on the growth of the market in the forecast period.
Market Restraints:
One of the major key concern of the market is high cost associate to maintain LTE network which may hamper the market growth. However, the major components of public safety LTE application are end-use devices, backhaul networks, as well as the operation support systems. Whereas, the system are being change as per the application used or the requirement. Hence, it required a heavy investment cost as well as high planned process.
Furthermore, some countries, has the narrowband spectrum allocated for public safety applications which can restrict the operating capacity of PSAPs. Hence, these may create a major challenging factor for the growth of Public safety LTE market in the projected period.
The report on the Public Safety-LTE market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
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Base Year for Market Calculation |
2020 |
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Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) |
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Segments Included |
Deployment Mode, Component, Application, End-User, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Public Safety-LTE Market, by Deployment Mode
Public Safety-LTE Market, by Component
Public Safety-LTE Market, by Application
Public Safety-LTE Market, by End-User
Public Safety-LTE Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE PUBLIC SAFETY-LTE MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
