Thanks to the adoption of LTE technology by the public-safety community, this market now represents a significant opportunity for global wireless broadband technology market players. According to research firm MarketsandMarkets, overall market spending is expected to increase from $15.2 billion in 2009 to $22.3 billion in 2015.
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Click here for a larger view of MarketsandMarkets' predictions for wireless broadband in public safety. |
The firm predicts that the public-safety wireless broadband market will register a compound annual growth (CAGR) of 6.5 percent during the 2010 to 2015 time frame. The firm expects the market to have total spending of $34.7 billion by the end of 2020, with a CAGR of 9.3 percent between 2015 and 2020.
MarketsandMarkets said the public-safety application segment has emerged as a key market for wireless broadband technology providers due to terrorism and natural disasters. And there are a number of vendors targeting the space: Motorola Solutions (NYSE:MSI), which sold off its infrastructure business to Nokia Siemens Networks, is partnering with Ericsson (NASDAQ:ERIC) to deliver public-safety LTE. And Alcatel-Lucent (NYSE:ALU) is teaming up with various established players in the public-safety arena, such as EADS and Cassidian, to offer public-safety LTE solutions.
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