Haystax Technology has been designated as one of only a handful of public safety industry innovators by MarketsandMarkets, a B2B research and competitive intelligence firm that counts 80% of global Fortune 1000 companies as clients.
In new research into the Public Safety and Security Market, Haystax was one of four companies in the Innovators quadrant. The research study is designed to “solve the industry need for a comprehensive competitive positioning of players across existing as well as changing eco-systems,” says MarketsandMarkets. It is judging approximately 6,000 companies over a large number of markets based on both ‘Strength of Product Portfolio’ and ‘Business Strategy Excellence.’ Haystax is being evaluated alongside companies like IBM, Honeywell, Motorola Solutions and Cisco Systems, none of which is in the Innovators quadrant.
“Haystax works closely with our public safety and security customers to ensure our solutions solve the critical challenges they face every day,” said Haystax CEO Bryan Ware. “MarketsandMarkets analysts cover a wide array of solutions and vendors and our inclusion as an innovator is an honor. The unique strength of our Haystax Analytics Platform™ is that it prioritizes critical risk signals and minimizes insignificant noise, so organizations can better protect their systems, data, facilities and people.”
Haystax has been on the scope of MarketsandMarkets before, including as a top innovator in the 2016 Incident and Emergency Management Market Report. The firm estimated at the time that the incident and emergency management market would grow from $88.6 billion in 2016 to $114 billion by 2021.
Then in the firm’s 2017 Microquadrant Report, Haystax was named as one of 25 key public safety vendors. MarketsandMarkets projected that the public safety and security market, valued at $247.55 billion in 2016, would reach $532.39 billion by 2022, at a compound annual growth rate of 14%. The report noted that “major factors driving the growth of the public safety and security market are the rise in crime, natural disasters, terrorist activities, and increasing attacks on critical infrastructures worldwide. Furthermore, due to the rise in the demand for public safety analytics solutions and technological advancements in critical communication systems, the public safety and security market has significant opportunities to grow.”
For more information about Haystax Technology’s safety and security solutions, which are optimized for law enforcement, school safety, emergency management, fire safety and corporate security, please click here.