A novel report issued recently by Reports & Insights titles “IoT for Public Safety Market: Opportunity Analysis and Future Assessment 2022-2030” which refers to a detailed market documentation and statistics summarizing factors like market size, market prospects and future opportunities, possible challenges, prevailing trends, leading players engaged in the market developed by the acknowledged market expertise using verified research methodologies and proven analytical approaches. The base year considered for the study is 2021, and the forecasted year is considered 2022-2030. The global IoT for Public Safety Market in 2022 is estimated for more than US$ xx Bn and expected to reach a value of US$ 9,655.5 Mn by 2030 with a significant CAGR of 15.3%.
In 2020, global IoT for public safety market was valued at US$ 9,655.5 Mn and expected to grow significantly at a CAGR of 15.3% over the forecast period
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IoT for Public Safety Introduction
The capability for IoT is much higher than anyone would have ever pictured. The count of Internet connected devices already outnumbers the human population. Since IoT devices are swiftly becoming a major component of our routine lives it comes as no wonder that public safety organizations have already begun to make a note. With an enormous amount of things already on their plate, public safety officials require as much support as they can get when it is about offering services to residents.
Internet of Things (IoT) technologies carry the potential to assist public officials by providing significant insights when they require them the most. Moreover, when it comprises the security of citizens, data should be reliable and easily accessible. For instance, the IoT devices like DIY home security monitoring systems, provide public safety officials a better approach to in-context information about emergencies and felonies, which was earlier unattainable or cellared. Better accessibility of medical information or crime footage through wearables eventually enhances contingency decision-making and can also offer investigators with robust data for offense and safety analytics. Public safety, ranging from sanitation to criminal investigation, is not something that should be understated. By resorting to IoT technologies, public safety organizations can avail the insights they need when they need it, leading to safer, better cities for everyone.
IoT for Public Safety Market Dynamics
Surge in number of smart city projects across the developing nations:
Since progressively more and more people are soaring into urban regions all around the world, the surging population stresses better amenities, services and infrastructure. To provide for these residents to move around and through cities, and to provide basic amenities like water, energy, sanitation and other essential needs, there is a rapid surge in the number of smart city projects across the developing nations. The urban leaders and planners have been working on setting the foundation to leverage technologies to fulfill the demands of residents and offer higher efficiencies in providing services in the pursuit to develop these smart cities.
Moreover, these smart city projects are seeking intelligent IoT solutions that can optimize infrastructure and government to closely involve citizens in the administration of services. The advanced and smart technologies include networks, sensors, and applications that accumulate data on energy consumption, traffic patterns and volume, pollution levels, and other issues which are then examined and utilized to rectify and foretell patterns and usage.
Furthermore, the smart functioning of smart cities involves making that data accessible to everybody via open-access systems that enables residents and businesses to leverage that information for their own purposes. Such factors are projected to support the growth of IoT for the public safety market over the following years.
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IoT for Public Safety Market Segmentation
The global IoT for Public Safety market is segmented on the basis of component, services, platform, application, vertical, and region.
By Component:
- Hardware
- IoT Sensors
- Smart Cameras
- Public Safety Devices
- Others
- Software
- Security Access Software
- Public Safety Monitoring Software
- Others
- Service
- Device Management Service
- Infrastructure Management Service
- Other Services
By Service:
- System integration services
- Consulting services
- Support and maintenance services
By Platform:
- Device Management
- Application Management
- Network Management
By Application:
- Emergency Communication And Incident Management
- Critical Infrastructure Security
- Surveillance And Security
- Disaster Management
By Vertical:
- Smart building and home automation
- Homeland security
- Smart utilities
- Smart healthcare
- Smart manufacturing
- Smart transportation
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
IoT for Public Safety Market Key Players
The key participating players of the global IoT for Public Safety market include IBM, Hitachi Vantara, NEC, Microsoft, Cisco Systems, Nokia Networks, Sierra Wireless, Telit, and West Corporation, ThroughTek, Iskratel, IntelliVision, Star Controls, Carbyne, Securens, SmartCone Technologies, Kova Corporation, Esri, Cradlepoint, Endeavour Technology, X-Systems, Yardarm Technologies, Tibbo Systems, CityShob, and SayVu Technologies, among others.
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