Frost Radar™: Safe City Solutions Market, 2020

Aerospace, Defence and Security Frost Radar™: Safe City Solutions Market, 2020

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

SECTOR
Security

RELEASE DATE
21-Jan-2021
REGION
Global
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
K594-01-00-00-00
SKU
AE01456-GL-MR_25193
Yes
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Frost Radar™: Safe City Solutions Market, 2020
Published on: 21-Jan-2021 | SKU: AE01456-GL-MR_25193

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As more cities around the world strive to achieve the coveted status of a “smart city,” they are quickly finding that use of a smarter security apparatus is part of the foundation. To build out these programs, cities will need to focus on how their public safety organizations conduct security operations and enable a more integrated, data-driven, and proactive approach to citizen safety, threat prevention, and overall crime reduction strategies. Public safety operations typically have only focused on surveillance or disaster management, but as digitalization and cybersecurity threats increase, the landscape for many safe city programs (off of which smart cities typically build their smart security arm) has broadened exponentially. With the many technology systems and functions now needed for safe city program operations, there simply cannot be a one-stop vendor for the required breadth of these programs. This has broadened the safe city vendor landscape and encouraged many vendors to operate large partnership networks that bring start-ups or Tier II/III companies into the larger public safety technology arena that most companies would never be able to approach on their own.

The global market for safe city solutions is seeing an ongoing growth trajectory, albeit at a slower pace than typical security technology markets because of the variety of technology purchases needed to build a safe city system. The COVID-19 pandemic has proven to be both a driver and a restraint to the long-term forecast for safe city programs and technology purchases. While budgets of many cities will be heavily impacted declines in tax revenue, the data platforms and reporting structures put in place for the pandemic can eventually be reconfigured or even expanded to accommodate public safety operations.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Strategic Imperative

Strategic Imperative: Understanding Safe City Program Operations

Strategic Imperative: SmartSafe City Program Goals

Growth Environment

Growth Environment (continued)

Frost Radar™: Safe City Solutions

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

Blackberry

Cisco

FLIR Systems

Genetec

Hitachi

Huawei

Motorola Solutions

NEC

St Engineering

Thales

Verint

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

Legal Disclaimer

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

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As more cities around the world strive to achieve the coveted status of a “smart city,” they are quickly finding that use of a smarter security apparatus is part of the foundation. To build out these programs, cities will need to focus on how their public safety organizations conduct security operations and enable a more integrated, data-driven, and proactive approach to citizen safety, threat prevention, and overall crime reduction strategies. Public safety operations typically have only focused on surveillance or disaster management, but as digitalization and cybersecurity threats increase, the landscape for many safe city programs (off of which smart cities typically build their smart security arm) has broadened exponentially. With the many technology systems and functions now needed for safe city program operations, there simply cannot be a one-stop vendor for the required breadth of these programs. This has broadened the safe city vendor landscape and encouraged many vendors to operate large partnership networks that bring start-ups or Tier II/III companies into the larger public safety technology arena that most companies would never be able to approach on their own. The global market for safe city solutions is seeing an ongoing growth trajectory, albeit at a slower pace than typical security technology markets because of the variety of technology purchases needed to build a safe city system. The COVID-19 pandemic has proven to be both a driver and a restraint to the long-term forecast for safe city programs and technology purchases. While budgets of many cities will be heavily impacted declines in tax revenue, the data platforms and reporting structures put in place for the pandemic can eventually be reconfigured or even expanded to accommodate public safety operations. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Author: Danielle VanZandt
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Danielle VanZandt
Industries Aerospace, Defence and Security
WIP Number K594-01-00-00-00
Is Prebook No
GPS Codes 99D5-A1