According to a new market research report published by Acute Market Reports “Policing Technologies Market (Technology Type – Communication Technology, Aviation Technology, Less Lethal Technology, Detection and Surveillance Technology and Others (DNA Technology, Cloud-based, etc.)) – Growth, Future Prospects and Competitive Analysis, 2021 – 2029”, the global policing technologies market is estimated to hit US$ 4.5 Bn by 2029.
Browse the full report at https://www.acutemarketreports.com/report/policing-technologies-market
Market Insights
The role of technology in the advancement of policing capabilities has been of paramount importance. It has not only eased the work of the police but also has improved their efficiency greatly. The immense benefits rendered by the use of policing technologies enable law enforcement organizations speeding up of the detection process, improving evidence collection and provide faster response to crimes. Moreover, the adoption of these technologies has reduced the fatalities and deaths of bystanders, suspects and police officers to a great extent. Earlier, when CCTV monitoring was first introduced, there were protests regarding privacy issues. However, increasing instances of violence and threat of terrorism has resulted in the public to feel more secure with comprehensive CCTV coverage of public places.
The most prominent factor fueling the market growth is the rising efforts and expenditure over counter measures to fight terrorism. There has been a rise in terrorist attacks in various regions across the world. Europe, in particular, has been the one of the worst victims of terrorist attacks. In order to address these concerns, various law enforcement bodies across the countries such as the U.K., Germany and France have been aggressive towards adopting policing technologies. “Smart Policing” provides the police officers with more efficient methods for dealing with crime. It takes into account a combination of computer learning, advanced learning and understanding criminal behaviors and generate predictions on which place and time is most likely to witness a crime. Furthermore, the increasing zeal of the law enforcement bodies in various countries to modernize their police forces is also contributing to the growth of the policing technologies market.
However, the policing technologies market growth is significantly hampered due the complex nature of these technologies and lack of proper training. Moreover, additional staff training with specific skillset is required with the incorporation of these new technologies. Therefore, the complexities associated with these technologies is likely to limit its usage, especially in the emerging economies.
The overall policing technologies market is categorized on the basis of technology type into communication technology, aviation technology, less lethal technology, detection and surveillance technology and others. In 2016, the market was led by the detection and surveillance technology segment, accounting for more than 35% of the total market revenue generated worldwide.
Key Trends
