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Public Safety and Security Market worth $878.2 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 18, 2024 /PRNewswire/ — The global Public Safety and Security Market is projected to grow from USD 520.8 billion in 2024 to USD 878.2 billion by 2029 at a compound annual growth rate (CAGR) of 11.0%, according to new research report by MarketsandMarkets™.

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400 – Tables 50 – Figures 400 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Million/USD Billion)
Segments covered
By Offering, Solution, Services, Deployment Mode, Application, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East Africa, and Latin America
Major companies covered
Major vendors in the global public safety and security market include Cisco (US), Honeywell (US), Motorola Solutions (US), IBM (US), SIEMENS (Germany), NEC (Japan), Thales (France), Hexagon (Sweden), Ericsson (Sweden), and Huawei (China).
Public safety and security markets are effective in protecting people, societies, and the infrastructure that is established within a country from various threats, including crime, terrorism, natural disasters, and pandemics. The market for services and technology offered includes video surveillance, emergency management, cybersecurity, and biometric security. Due to the growing accommodation with terrorism and other crimes, the government is pressed to take safety measures of an advanced level. In addition, it would be evident that to the present day, the ever-evolving technological developments, from IoT and AI to Big Data, would back up more changes in strategies related to public safety. COVID-19 redefined public safety, with a lot of investment going into health-related security measures. This would be contrasted with the increasing rate of urbanization and infrastructure development, which, in turn, increases the demand for a holistic security solution, which amounts to smart city initiatives that enhance the quality of urban services and life.
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By Offering, the services segment will grow at the highest CAGR during the forecast period.
The service segment is expected to be growing at the highest CAGR in the public safety and security market during the forecast period, mainly due to managed services. This segment is expected to witness substantial growth in demand with the increasing adoption of cloud-based delivery models, such as SaaS, which allows agencies to reduce upfront costs. This, in turn, demands specialized services in supporting programs for digital transformation and laying innovative cross-domain security solutions that embed detection capacities of artificial intelligence (AI), the Internet of Things (IoT), and big data analytics There is an increasing demand for constant monitoring, maintenance, and management of any public safety systems, as more and more agencies turn their attention and strategic priorities to their respective mission-critical applications. That double-digit growth rate of the service segment overall, and especially in managed services, highlights this major player in allowing the penetration of advanced public safety technologies.
By Services, the Professional Services segment will grow at the highest market size during the forecast period.
The multiple services are offered through the professionals, specialists, and experts in supporting businesses. The professional services encompass design and consulting, training and education, support and maintenance, and installation and integration. Experts utilize advanced expertise, overall approach, and experience for meeting the organization’s needs for security. The vendors of services provide individual implementation, risk assessments, and deployment of public safety and security solutions by following industry proven best practices. IBM, Huawei, and Honeywell Technologies are just a few of the leading vendors in the public safety and security market offering professional services.
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By region, Asia Pacific will grow at the highest CAGR during the forecast period.
Security spending in the Asia Pacific region is rising, with the growing intensity of various threats. For example, India, Japan, and Singapore have, each in their turn, established new national cyber-security policies against sophisticated threats. Increasing terrorist and cyberattacks have driven countries like India, China, Australia, Malaysia, and Singapore towards the adoption of advanced public safety and security systems. Extensive surveillance and heightened perimeter systems are the options China can turn to in the pursuit of security in Xinjiang Uyghur Autonomous Region. Due to the rapid urbanization in this region, the primary technologies that will be in demand are sophisticated surveillance, crowd management, and emergency response technologies. Besides, rising crime rates and economic growth help boost law enforcement and security infrastructure spending.
In addition, disasters are quite common in the APAC region, so the compulsion toward disaster preparedness solutions is increasing. The ongoing massive infrastructure projects open opportunities for further security improvements in protecting airports, ports, and critical infrastructure. Governments are investing a lot in public safety and advanced technology and training, but the challenge now is to balance it with data privacy concerns. Smart city initiatives with complex security systems and traffic management are on the evolutionary path, with a thrust on cybersecurity due to growing digital dependencies. Improved border security and revamped emergency response services raise concerns regarding mitigating security threats of varied dimensions in this region.
Top Key Companies in Public Safety and Security Market:
Cisco (US), Honeywell (US), Motorola Solutions (US), IBM(US), Siemens(Germany), NEC(Japan), Thales(France), Hexagon(Sweden), Ericsson(Sweden), Huawei (China), Atos (France), Idemia(France), General Dynamics(US), ESRI(US), L3harris Technologies (US), Alcatel-Lucent Enterprise(France), Bae Systems(UK), Verint Systems(US), SAAB AB(Sweden), Nice(Isreal), Teltronic(Spain), Secure Passage(Kansas), Fotokite(Switzerland), Onsolve(US), Barrier1  Systems(US), IOTAS(India), Veoci(US), Cityshob(Israel)  are some of the key players operating in the global Public Safety and Security market.
Browse Adjacent Markets: Information Security Market Research Reports & Consulting
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Security Testing Market – Global Forecast to 2029
Blockchain Security Market – Global Forecast to 2029
IoT Security Market – Global Forecast to 2029
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Rohan SalgarkarMarketsandMarkets™ INC.1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Website: https://www.marketsandmarkets.com/
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Common global marketing standards vital to boost trust in an age of disruptions, says ICC

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PARIS and NEW YORK, Sept. 19, 2024 /PRNewswire/ — The world’s largest business association – the International Chamber of Commerce (ICC) – has issued a call for advertisers and marketers to step up as champions of robust ethical standards in the face of multiple industry disruptions and potential challenges to industry self-regulation.

The call comes as ICC today releases a major update of its Advertising and Marketing Communications Code – the 11th edition of the code that has been the global backbone of advertising self-regulation for more than 85 years.
With a range of factors disrupting and reshaping the advertising market – from the rise of artificial intelligence in marketing communications to the growth of influencer marketing and increasing importance of climate issues – the global business body has pointed to the imperative for all participants in the industry to advocate for the widespread adoption of core standards to build trust among consumers and policymakers alike. 
ICC Secretary General John W.H. Denton AO said: “When we first issued the ICC Code in 1937 the world was a lot simpler. There was no TV, let alone the Internet. But what’s incredible is that the principles remain the same. Legal, decent, honest and truthful – the four foundations of the ICC Code – are as relevant in today’s fast paced media and marketing landscape as they were back then.”
“At a time of significant global disruptions – and with some policymakers reaching instinctively for the statute book in response to perceived challenges – robust global advertising standards matter more than ever.” 
This first comprehensive update of the ICC Code in a decade – informed by over a year of consultations with industry experts – tackles a range of contemporary challenges such as sustainability, AI and influencer marketing. It also incorporates clarified provisions in a range of areas, including marketing aimed at children and teens. 
Key new features include:
New guidelines on the use of algorithms and AI in preparing and delivering marketing communications Encouraging advertisers to be mindful of diversity and the importance of avoiding objectification stereotypes Clear provisions on influencer marketing and the responsibility of influencers and content creators Updated standards for green claimsClarified rules regarding children, teens and minors. Media Contact :
Randa EL TAHAWYPR & Communications [email protected] M: +33 6 45 12 82 62
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Pudu Robotics Unveils their PUDU D7 Semi-Humanoid Robot, Showcasing Breakthrough Capabilities and Strategic Vision for Humanoid Robotics

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SHENZHEN, China, Sept. 19, 2024 /PRNewswire/ — Pudu Robotics, a global leader in service robotics, has unveiled its latest innovation, the PUDU D7, the company’s first general embodied intelligent semi-humanoid robot. This robot represents a significant advancement in the company’s mission to develop cutting-edge solutions that address persistent operational challenges faced by businesses worldwide. With full commercialization anticipated in 2025, the PUDU D7 reinforces Pudu Robotics’ position at the forefront of the service robotics industry.

Understanding Semi-Humanoid Robots
In May of this year, Pudu Robotics introduced the “semi-humanoid robot” concept as part of its long-term strategic vision for the service robotics industry. Pudu Robotics focuses on developing three distinct categories of robots: specialized robots designed for specific tasks, semi-humanoid robots built for adaptable and versatile applications, and fully humanoid robots for complex human interactions.
Each type of robot addresses different needs within the service robotics sector, enhancing operational efficiency and customer experience. This forward-thinking strategy opens the door to a future where robots can seamlessly perform a wide range of tasks across various environments, offering exciting possibilities for advancing humanoid robotics.
The PUDU D7, as a semi-humanoid robot, integrates advanced mobility and dexterity by combining a human-like upper body with robotic arms and a fully omnidirectional chassis. This design allows it to handle complex tasks in diverse environments, ranging from service-oriented spaces to industrial settings, marking a significant step towards adaptable robotic solutions for multiple industries.
PUDU D7’s Core Specifications and Innovative AI
Developed by Pudu X-Lab, Pudu Robotics’ R&D arm, the PUDU D7 stands 165 cm tall and weighs 45 kilograms. The robot’s bionic arm extends to 65 cm and operates with 30 degrees of freedom, expanding to 50 degrees with a dexterous hand attachment. These capabilities enable the PUDU D7 to excel in elevator operation, item transport, and sorting tasks.
The PUDU D7 is powered by a battery exceeding 1 kWh, enabling it to operate continuously for over 8 hours. It features 360-degree omnidirectional movement, a maximum speed of 2 m/s, and maintains stability on slopes up to 10 degrees. Additionally, its bionic arms can lift 10 kilograms, with the end-point precision of the arm reaching 0.1 millimeters.
Pudu Robotics has equipped the PUDU D7 with a multi-layered intelligence system designed to merge data-driven embodied intelligence with advanced AI model strategies. By employing a hierarchical control system, often described as “high-level planning” and “low-level planning,” the PUDU D7 is able to intelligently manage both abstract, strategic tasks and real-time, sensory-based actions. This layered approach enables the semi-humanoid robot to not only understand and respond to complex service scenarios but also continuously learn and refine its operations over time.
With its adaptability and embodied intelligence the PUDU D7 is poised to deliver seamless, end-to-end task execution across multiple industries, driving the large-scale commercialization of semi-humanoid service robots.
Statement
“We are excited to introduce the PUDU D7, which highlights our commitment to continuous technological and product innovation. Featuring advanced mobility, versatile operational capabilities, and embodied intelligence, this semi-humanoid robot marks a significant milestone in our pursuit of a diverse range of robotic solutions,” said Felix Zhang, Founder and CEO of Pudu Robotics. “By advancing a comprehensive ecosystem of specialized robots, semi-humanoid robots, and humanoid robots, we aim to shape the future of the service robotics industry and deliver exceptional value across various applications.”
Pudu Robotics’ Focus on Practical Solutions and Future-Ready Humanoid Robotics
Pudu Robotics continues to prioritize real-world customer needs while laying the groundwork for the future of service robotics. The PUDU D7 embodies this mission, offering advanced solutions that streamline repetitive tasks, enabling businesses to focus on more strategic operations. Pudu’s commitment to data security is paramount, with anonymized data collection practices and ISO/IEC certifications ensuring customer trust and compliance.
Pudu Robotics endeavors to continue investing in humanoid and semi-humanoid robotics by further developing dexterous robotic systems like the PUDU D7. By advancing these technologies, Pudu aims to create versatile robots that excel across multiple industries. The company’s innovations in semi-humanoid and humanoid robotics will not only enhance its existing product range. Still, Pudu Robotics will also pioneer new possibilities for intelligent automation, cementing its leadership in the global robotics market.
About Pudu Robotics
Pudu Robotics, a global leader in the service robotics sector, is dedicated to enhancing human productivity and living standards through innovative robot technology. With a focus on R&D, manufacturing, and sales of service robots, Pudu Robotics holds nearly a thousand authorized patents worldwide, encompassing a wide range of core technologies.
The company’s robots have been widely adopted in various industries, including dining, retail, hospitality, healthcare, entertainment, education and manufacturing. To date, Pudu Robotics has successfully shipped over 80,000 units to a variety of markets, with a presence in more than 60 countries and regions worldwide. For more information on business developments and updates, follow PUDU on LinkedIn, Facebook, YouTube, Twitter and Instagram.
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Artificial Intelligence

Infosys and Posti Extend Strategic Collaboration

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To help Posti enhance customer experience and operational efficiency with an AI-first strategy leveraging Infosys Topaz
BENGALURU, India, Sept. 19, 2024 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced it is extending its strategic collaboration with Posti, the leading delivery and logistics services provider in Finland, Sweden, and the Baltics. As part of the engagement, Infosys will help Posti enhance customer experience and operational efficiency while continuing to innovate, scale, and grow its IT operations.

Infosys will adopt an AI-driven approach powered by Infosys Topaz, an AI-first offering using generative AI technologies, to empower Posti with operational efficiencies and service quality. Additionally, Infosys Cobalt will leverage its Live Enterprise Application Management Platform (LEAP), a cloud-enabled platform, to provide NextGen Application Management Services for enterprises to accelerate their cloud journey to help drive business productivity.
In the last five years through the collaboration, Infosys has helped Posti improve the resilience of IT systems, reduce outages and disruptions, and improve Posti’s ability to prevent and respond to cyber threats. Infosys has helped Posti modernize the front-end consumer-facing applications and replace legacy systems and processes.
Petteri Naulapää, CIO & SVP, ICT and Digitalization, Posti Group, said, “We are pleased to announce the renewal of our collaboration with Infosys for another seven years. By harnessing the power of AI through Infosys Topaz and cloud capabilities through Infosys Cobalt, we aim to create a more efficient and customer centric organization. The collaboration with Infosys will accelerate our digital transformation journey and help us deliver exceptional services, optimize our operations, and strengthen our position as a leading delivery and logistics provider.”
Karmesh Vaswani, EVP and Global Head Retail, Consumer Goods & Logistics, Infosys, said, “Building on our growing presence in the Nordics and proven expertise in AI-powered transformation, Infosys is thrilled to announce the renewal of our strategic collaboration with Posti. This extension demonstrates our unwavering commitment to delivering next-generation services and solutions specifically tailored to address the unique challenges faced by our clients in the Nordics. By leveraging cutting-edge Gen AI alongside our comprehensive digital suite, we aim to propel Posti’s competitiveness even further within Finland, Sweden, and the Baltics. This next phase of our work will empower Posti to not only become a leader in the logistics and e-commerce sector, but a true digital frontrunner in the Nordics.”
About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by cloud and AI. We enable them with an AI-first core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance, are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, our corporate actions including acquisitions, and cybersecurity matters. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2024. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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