Report ID: UCMIG45E2133
Report ID:
UCMIG45E2133 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2021, the safe city market reached a significant valuation of USD 27.28 billion. This market encompasses a range of technologies and solutions aimed at enhancing urban safety and security, including video surveillance, emergency response systems, and traffic management. The increasing concerns about public safety, urbanization, and the need for effective law enforcement and infrastructure management are driving the growth of the safe city market on a global scale. Continued investments in smart city initiatives and the integration of advanced technologies are expected to further propel the market's expansion in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG45E2133