According to Fact.MR, the wireless broadband in public safety market will embark on a positive expansion trajectory, with long-term prospects looking extremely promising. The market is slated to expand at a stellar CAGR of 24.8%, reaching US$ 240.1 Billion in value by 2032.
Public safety enhances the market growth by increasing the use of wireless broadband in video surveillance, emergency medical monitoring, crime scene management, and other government organizations that depend on the technology. Additionally, the market growth will be boosted by the expansion of wireless broadband use for both the private and public sectors in the market. Improving the next-generation technologies in rural areas and enhancing the availability of wireless broadband services is critical for further expansion of the market.
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With significant improvements in wireless broadband technologies as well as enhanced mobility, both government and private organizations are acquiring real-time information to safeguard the public with wireless broadband solutions. Furthermore, technological advancements growth of the Internet of Things (IoT) and artificial intelligence (AI) are also playing a significant role in sustaining growth.
Key Takeaways from the Market Study
- Global wireless broadband in public safety market value to reach US$ 26.3 Billion by 2022
- Based on technology, wi-fi based wireless broadband to gain traction at over 24% CAGR
- Wireless broadband in public safety hardware to me most sought after, growing at a 24.1% CAGR
- S to be the dominant growth hotspot, reaching a value of US$ 83.6 Billion by 2032
- K to experience a staggering 23.6% expansion with regard to the wireless broadband in public safety market
- China to yield a dollar opportunity worth US$ 15.3 Billion across the 2022-2032 forecast period
- Japanese and South Korean markets to collectively be valued at nearly US$ 23 Billion by 2032
”The rapid proliferation of 5G network connections and continuous improvements in artificial intelligence will make public safety wireless broadband services an important component in the coming years,” says a Fact.MR analyst.
Some of the leading players include
- Aruba Networks
- Extreme Networks
- Juniper Networks
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Manufacturing collaboration helps manufacturers increase output and meet consumer demand, which increases profits and market share. The introduction of new products and technological innovations will enable end-users to take advantage of the products. Through strategic partnerships, the company can increase its capacity to produce.
? In July 2021, Motorola and Sierra Wireless will work together to offer more cost-effective and reliable mobile connectivity to first responders. To overcome the challenges public safety agencies face with mobile connectivity, Motorola and Sierra Wireless are developing solutions to collect, stream, and offload video from body-worn and in-car video cameras.
? In November 2021, Juniper Networks announced three new AI-powered offerings that are designed to simplify network operations for partners and end users, while increasing security and scalability. Juniper introduced two new Wi-Fi6E-capable access points, an IoT Assurance Service, and Support Insights that, according to one Juniper partner, are helping Juniper stay ahead of the competition. Wi-Fi6E from Juniper is a perfect match for use cases related to warehouses, public safety, and healthcare.
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