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INSIGHTS

Global Wireless Broadband Market to Exceed $34 Billion by 2020, Says MarketsandMarkets

The wireless broadband for public safety market is segmented on the basis of network technologies and infrastructure, wireless broadband equipments, devices and services offered. Network technologies and infrastructure is further classified into communication and data networks. Equipment market is segmented on the basis of routers, modems, video cameras and switches. Wireless broadband devices market is classified into mobile radios, handheld mobile computers, speaker microphones, netbooks, workstations, smart phones and PDAs. Wireless broadband services market is segmented on the basis of type of services such as consulting, project management, design and integration, network deployment and operation and maintenance.

The wireless broadband for public safety market is segmented on the basis of network technologies and infrastructure, wireless broadband equipments, devices and services offered. Network technologies and infrastructure is further classified into communication and data networks. Equipment market is segmented on the basis of routers, modems, video cameras and switches. Wireless broadband devices market is classified into mobile radios, handheld mobile computers, speaker microphones, netbooks, workstations, smart phones and PDAs. Wireless broadband services market is segmented on the basis of type of services such as consulting, project management, design and integration, network deployment and operation and maintenance.

With increasing terrorism across the globe and unanticipated natural disasters over the last decade, the public safety application segment has emerged as a key market for the wireless broadband technology providers. Growth in the implementation of city-wide and municipal wireless broadband services is driving innovations worth billions of dollars, is expected to scale new heights within the next five years; benefiting internet service providers, mobile device, and infrastructure developers.

The public safety market provides huge opportunity for global wireless broadband technologies market players as the overall spending is expected to reach from US$15.2 billion in 2009 to $22.3 billion in 2015, registering a CAGR of 6.5 percent during 2010 to 2015. The market is expected to have a total spending of $34.7 billion by the end of 2020 registering a CAGR of 9.3 percent during 2015 to 2020.

Enhancement in public safety and availability of real-time information affect wireless broadband for public safety market as security and safety of the citizens and public is an everyday issue and vital actions are being taken across the globe to enhance public safety. The opportunities such as next-generation technologies and crisis and disaster mitigation will highly affect the public safety market, whereas restraints such as less funding in the public safety domain and security threats and interceptions will have a high impact on the market in short term, but as the benefits from wireless broadband network technologies are ascertained, its overall impact will reduce in the long term.

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