North America Public Safety & Security Market Forecast 2018-2026
KEY FINDINGS North America Public Safety & Security Market collected $115.51 billion in 2017. By the end of the forecast period of 2018-2026, the market is expected to rise with 9.66% CAGR and reach a value of $253.39 billion.
MARKET INSIGHTS The high technological adoption in the North American region is a major factor boosting growth in this market. The large-scale implementation of smart grids in the region also calls for smart security measures. Also, huge investments by the U.S government to improve the security measures in the country, coupled with the increasing industrialization and urbanization in Canada is also influencing the growth of the smart securities market in the North American region. Although the Canadian market is expected to exhibit the highest CAGR over the forecast period, the U.S market accounted for the highest revenue share in 2017. The total funding for homeland security has grown significantly since the attacks of September 11, 2001, for this country.
COMPETITIVE INSIGHTS Companies like AGT International, Hewlett Packard (HP),Siemens, Alcatel-Lucent S.A, Qualcomm, Raytheon, International Business Machine (IBM) Corporation, Honeywell International Inc, Northrop Grumman Corporation, Kratos Defense & Security Solutions, CGI Group Inc, Harris Corporation, Ferranti, Motorola Solutions, and Cisco Systems Inc are engaged in this market.