Growing expenditures on public safety and security to drive the growth of United States public safety LTE market.
According to TechSci Research report, “United States Public Safety LTE Market By Infrastructure, By Services, By Deployment Model, By Application, By Region, Forecast & Opportunities, 2024”, the United States public safety LTE market is expected to grow at a robust CAGR of around 13% during the forecast period on account of the upsurge in government budgetary allocations in the public safety vertical and the penetration of the internet of things (IoT). Additionally, the rising rate of crimes and natural disasters are further expected to drive the market over the coming years. However, the large-scale market presence of the traditional legacy systems can hamper the growth of market during forecast period. Furthermore, cross-border security issues further restrict the growth of market.
The United States public safety LTE market is segmented based on infrastructure, services, deployment model, application, company and region. Based on deployment model, the market can be categorized into private, commercial and hybrid. The hybrid segment is expected to register the highest growth in the market during forecast period. This can be accredited to its higher reliability than commercial LTE and lower cost as compared to private LTE.
General Dynamics Corporation, Motorola Solutions, Inc., Cisco Systems, Inc., AT&T Inc., Sonim Technologies Inc., Nokia Corporation, Cobham Mission Systems, Bittium USA, Inc., NEC Corporation of America, Samsung Electronics Corporation Limited and others are some of the leading players operating in United States public safety LTE market.
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“United States public safety LTE market is expected to witness significant growth during the forecast period, owing to the growing need for strong public security measures and compliance management in the country. Additionally, the increase in online public safety applications for video surveillances, operating unmanned vehicles, and image & video sharing are further expected to propel the market through 2024.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Public Safety LTE Market By Infrastructure, By Services, By Deployment Model, By Application, By Region, Forecast & Opportunities, 2024” has evaluated the future growth potential of United States public safety LTE market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States public safety LTE market.
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