Safe City Market Size Is Expected To Reach USD 87.07 Billion By 2030
San Francisco, 11 Oct 2023: The Report Safe City Market Size, Share & Trends Analysis Report By Technology (Cybersecurity, EMS), By Component (Hardware, Service, Software), By Region, And Segment Forecasts, 2022 - 2030 The global safe city market size is expected to reach USD 87.07 billion by 2030, growingat a CAGR of 14.5% from 2022 to 2030, according to the recent reports of Grand View Research, Inc. Shifting focus of several governments toward smart city solutions and increasing population across the globe are driving the industry growth. With the rapid urbanization in metro cities, robust safety system integration is required to control crime and traffic, supporting the industry trend. Increasing private and public investments in smart city projects are also expected to create a positive market outlook for safe city solutions. For instance, in July 2022, Thailand Government announced to invest USD 37 billion to build a smart city in Chonburi province’s Huai Yai region. The