Safe City Market Revenue Worth $226 Billion by 2020
Summary
It is an open secret that the economic prosperity and quality of life of communities, towns and cities depend on the mitigation of crime, terror, manmade and natural disasters. Public opinion and political pressures combined with maturing safe city technologies such as video analytics, Physical Security Information Management (PSIM), Public-Safety Answering Point (PSAP), Distributed Sensors Systems, Sensor and Data Fusion Algorithms, Software as a Service (SaaS), Social Media Emergency Response software, Geo-Design and advanced ICT technologies are creating fresh business opportunities. According to the report, the market growth is boosted by drivers like cities, towns and communities population drive for quality of life and economic prosperity; Post 2008 meltdown governmental funding policy of modern infrastructure; Advancements in cost-performance of surveillance sensors and ICT technologies; Urbanization in Asia Pacific and Latin America; Worsening of radical Islamists terror threats; The growing rate and damage of natural disasters; The growing understanding that global warming entails growth in natural disasters; Growing aftersales revenues and voting citizens expectations of safety from their local elected politicians. Companies like ABB, Alcatel-Lucent, Cisco, IBM, Siemens AG, GE, Hitachi, Honeywell, Intel, Schneider Electric and Toshiba are mentioned in this research. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.
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