The global demand for IoT for Public Safety Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
The Internet of Things (IoT) refers to a network that allows electronic devices to connect by data exchange. IoT for public safety largely focuses on foreseeing cyber attacks and natural disasters. It is the smarter approach to access management capabilities of the IoT devices. It provides connectivity in the device, which in response improves public safety and confidence among the population. It enhances real-time operation, which helps in increasing situational awareness. The wide range of IoT sensors is automated to send notifications to the citizens on their smartphones. It is applicable in public warning systems, critical logistic support, automated emergency response, and many others.
Market Dynamics
The increasing use of IoT and machine to machine(M2M) technologies in surveillance systems, communication networks, biometric and authentication systems across the globe are the primary factor driving the IoT for the public safety market over the forecast period. The potential rise in the number of terrorist attacks, majorly in public places, and the growing number of natural calamities, notable floods, are expected to create more demand for IoT-enabled devices, thus, creating a positive impact on the market growth. Also, the technological advancements in IoT platforms, particularly with respect to the safety and security of smart devices and the rising adoption of IoT as one of the key frameworks of smart cities in numerous countries, are expected to create a lucrative opportunity for the key players in the coming years.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of IoT for public safety.
Market Segmentation
The entire IoT for public safety market has been sub-categorized into component, application and vertical. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Component
- Platform
- Solutions
- Service
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
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for IoT for public safety market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global IoT for Public Safety Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the IoT for public safety market include Hitachi Vantara Corporation, IBM Corporation, NEC Corporation, Microsoft, Nokia, Cisco Systems, Inc., Cradlepoint, Inc., Carbyne, ESRI, Iskratel, KOVA Corporation, Smar tCone Technologies Inc., Star Controls, Inc., Sierra Wireless, Telit, West Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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