Public safety LTE market size valuation is predicted to reach $41.28 billion by registering a healthy CAGR of 21.37% in the forecast period. Public safety is the core responsibility of a government which involves protecting the citizen from crime and natural disasters. The availability of a converged communication network is working for public safety, such as public safety-LTE. Some benefits of public safety are cost-effectiveness, high-reliability flexibility, real-time, and enables remote management.
The Public Safety LTE is used in various applications like law enforcement, disaster management, firefighting services, border control, and emergency medical services. The key components of PS-LTE solutions are radio access networks, end-user devices, EPC, and backhaul networks. Public safety LTE offers seamless connectivity and very high speed, and with growing demand for unmanned operations, the public Safety LTE market will grow significantly.
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Public safety LTE was also used during the COVID-19 pandemic to ensure a quick response from the public safety agency to take care of the safety of people. Other factors contributing to the growth of the public safety LTE market are:
The broadband communication sector has seen growth across application and product segments owing to rapid urbanization and the use of the technology to remove interconnectivity issues. To study the market, analysts have further segmented application and product into hybrid LTE, commercial LTE, and private LTE on the basis of application. The market is further segmented into applications sub segment which is split into disaster management, firefighting services, emergency medical services, and law enforcement and border control.
The segmental analysis presented in the report provides broadband communication field based organizations insights into key growth factors such as demand for unmanned vehicles as well as challenges such as the reliance on traditional systems the market will witness from 2018 to 2025. Advancements in technology and seamless data connectivity are some of the key factors having an influence on broadband communication industry based companies, suggest analysts as per the public safety LTE market report. But the report also identifies the lack of awareness and the lack of investments in research and development as major threats companies in broadband communication will face till 2025.
Broadband communication market based companies in the public safety LTE market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Increased data security provided by LTE technology will be a key growth driver for regional markets. However, the high cost of product and maintenance will turn out to be a threat. For the forecast period 2018 to 2025 each of these regional markets are studied in the report. Starting from North America, the regional market and broadband communication vertical based companies are spread across the United States, Canada, and Mexico.
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The shifting preference for cheaper alternatives will turn out to be a major challenge from 2018 to 2025. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by high demand across industry verticals as well as the rapidly growing population, suggests the report. Similarly, the broadband communication sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the public safety LTE market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2025.
In December 2020, one of the biggest watch brands, Fossil, started working on its latest smart-watch with LTE technology. This is going to be the first-ever watch that comes with LTE capabilities. It will offer cellular connectivity and better performance with long battery life as well. It aims to make people less dependent on their smartphones.
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