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IoT For Public Safety Market Research Report - Global Forecast 2027

Global IoT for Public Safety Market Research Report – by Component (Platform, Solution, Services), by Application (Disaster Management, Emergency Communication & Incident Management, Critical Infrastructure Security, Surveillance & Security), by Vertical (Smart Healthcare, Smart Manufacturing, Others), and Region - Forecast to 2027

ID: MRFR/ICT/5270-HCR | December 2022 | Region: Global | 100 Pages         

Global IoT for Public Safety Market

IoT for public safety market is expected to balloon to USD 29.68 billion by 2027 at a CAGR of 15.60% over the forecast period

Segmentation

By Component Platform Solution Services
By Application Disaster Management Emergency Communication & Incident Management Critical Infrastructure Security Surveillance & Security
By Vertical Smart Healthcare Smart Manufacturing

Key Players

  • Hitachi Vantara (U.S.)
  • NEC (Japan)
  • Cisco Systems (U.S.)
  • IBM (U.S.)
  • Nokia Networks (Finland)
  • Sierra Wireless (Canada)
  • Telit (U.K.)
  • West Corporation (U.S.)
  • Microsoft Corporation (U.S.)
  • Intellivision (U.S.)
  • Iskratel (Slovenia)
  • X-Systems (The Netherlands)
  • Tibbo Systems (Taiwan)
  • Star Controls (U.S.)
  • Yardarm Technologies (U.S.)

Drivers

  • New technology and innovations in the IoT
  • Increasing crime rate in countries
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IoT for Public Safety Market Overview:


 The Market Research report of MRFR, The IoT for Public Safety Market Size estimated to exceed US$ 29.68 billion with 15.60% CAGR by 2027.

The increasing rate of crimes and terrorism, and vandalism are significant reasons behind the IoT For Public Safety Market Profit. It has forced the governments to focus on public safety and security, thus increasing the system's adoption. Many factories have also used the advancement in IoT to increase the safety of their workers and increase the machinery lifespan. Moreover, new trends like smart city projects also bring huge growth in the IoT For Public Safety Business. This report covers the reasons for the market growth, driving and restraining factors and challenges and opportunities. It also focuses on other aspects, such as how the major key players contribute to the IoT for Public Safety Market. 


Covid-19 Impact Analysis:
The market of IoT in public safety has been going through measurable growth for the past few years. However, the spread of the pandemic is positively responsible for the sudden rise of growth in the market Covid-19 outbreak has impacted industries all across the globe. It has both positive and negative impacts on the industries. Likely, the market of IoT in public safety has gone through a positive change due to the pandemic. The adoption of IoT devices in various industries to improve the safety and security of the employees and the organizations is boosting the IoT For Public Safety Industry market growth hugely. The system has been adopted mostly in healthcare, government and public, manufacturing and other sectors. In the covid-19 situation, installing IoT-enabled monitoring devices and thermal cameras to provide safety and security among the major industries keeps the market growth.


Market Dynamics:
Drivers:
New technology and innovations in the IoT are driving the market forces. Moreover, the increasing crime rate in countries is forcing the respective governments to implement IoT-based smart security systems to capture, store and analyze for essential purposes in the future. In addition, factories are installing IoT-based machinery to help the workers and ensure that the machinery lasts longer. 


Challenges:
There are various challenges related to implementation of open interfaces, device certification procedure, PSAPs of next generation, standards of data interoperability and sustainability of deployment. These things need to be addressed and dealt with properly to avoid any hindrance to the prosperity of the market of IoT for public safety.


Restrains:
In the market of IoT for public safety, the primary and biggest restrain is the budget constrain. This factor is holding the market of smart device deployment. However, some major market players have launched new products, shown recent developments, and invested in mergers and acquisitions, which is expected to boost the market growth in the future. USD 29.


Opportunities:
With a huge rise in the adoption of IoT-enabled devices among all the major industries such as government, criminal, healthcare, and manufacturing, building smart cities is providing lucrative opportunities in the market. 


Technological Analysis:
The IoT for public safety claims a smarter and more intelligent system in reaching the IoT devices management inclinations. It is high in demand for its provided connectivity among devices increasing and strengthening public safety. It heightens situational awareness by improving real-time activities. It is an automated system to send notifications about the range of the device to people's smartphones. It a huge boon in critical logistic supports, public warning systems, automated emergency response and many others. Governments are hugely adopting the services to increase public safety and security.  


IoT For Public Safety Market Segmentation Overview:
Based on the global market, the following are the IoT For Public Safety Market Segments-



  • Component

  • Application

  • Verticals

  • Region


By Component:
Based on component, the further segments of the market are-



  • Platform

  • Solution

  • Services


By Service:
Based on service, the further segments of the market are-



  • System integration services

  • Support and maintenance services

  • Consulting services


By Platform:
Based on platform, the further segments of the market are-



  • Device management

  • Network management

  • Application management


By Application:
Based on application, the further segments of the market are- 



  • Emergency communication and incident management

  • Disaster management

  • Surveillance and security

  • Critical infrastructure security


By Vertical:
Based on vertical, the further segments of the market are-



  • Smart building and home automation

  • Homeland security

  • Smart utilities

  • Smart healthcare

  • Smart manufacturing

  • Smart transportation

  • Others (Smart retail and Smart education)


By Region:
Based on region, the further segments of the market are-



  • North America

  • Europe

  • APAC

  • the MEA

  • Latin America


IoT For Public Safety Market Regional Analysis:
North America is expected to witness a huge IoT For Public Safety Market Growth in the forecast period. This region is going through a huge adoption of new technologies that are IoT-based. Also, the IoT For Public Safety Market Sales increases because of some new trends such as IoT smart cities. In addition, it has made many industries such as government bodies, public safety agencies, and enterprises realize the significance of safety and security provided by the IoT. 


The APAC market is expected to witness the highest CAGR during the forecast period. The region is going through a vast adoption of IoT-enabled devices, boosting market growth at a tremendous rate. In addition, new trends like smart city projects have also entered the APAC market, making the industries aware of public safety and thus driving the market growth in the market. 


Competitive Landscape:
There are many prominent key players in the market. They are growing through innovations, product launches, partnerships, agreements, collaborating, investing in research and developments, and undertaking mergers and acquisitions. 


Recent Developments:
There are many instances which occurred in recent years, can be proved to be very crucial as far as IoT For Public Safety Market Growth is concerned. These initiatives and tie-ups may lead to create stupendous opportunities for the market. This development has been very crucial an one of the defining factors for the market.


April 2019- Israel-based Carbyne announced a partnership agreement with the US-based Cisco Systems to offer IoT-based and cloud-based solutions for emergence dispatch centers. 


October 2019- IBM and Samsung Electronics developed a new platform run by Samsung devices and IBM public cloud to keep track of the health vitals of the workers for better safety, 5g and leveraging AI. 


September 2018- Nokia announced a partnership agreement with Telstrat to develop the opportunities to help provide industrial IoT and build out private LTE networks. This initiative can be crucial in regards to the Solutions in maritime, logistics activities and transport and various other things. 


IoT For Public Safety Market Major key Players:
There are many prominent players who are going to play key roles in shaping up the market of IoT for Public Safety Market; here is the list of few:



  • IBM (US) 

  • Hitachi Vantara (US) 

  • NEC (Japan) 

  • Microsoft (US) 

  • Cisco Systems (US) 

  • Nokia Networks (Finland) 

  • Sierra Wireless (Canada) 

  • Telit (UK) 

  • West Corporation (US)

  • ThroughTek (Taiwan) 

  • Iskratel (Slovenia) 

  • IntelliVision (US) 

  • Star Controls (US) 

  • Carbyne (Israel) 

  • Securens (India) 

  • SmartCone Technologies (Canada) 

  • Kova Corporation (US) 

  • Esri (US) 

  • Cradlepoint (US) 

  • Endeavour Technology (Ireland) 

  • X-Systems (Netherlands) 

  • Yardarm Technologies (US) 

  • Tibbo Systems (Taiwan) 

  • CityShob, and SayVu Technologies (Israel)


Report Overview:
The report comprises of



  • Market overview

  • Covid-19 impact

  • Market dynamics

  • Drivers

  • Challenges

  • Restrains

  • Opportunities

  • Technological analysis

  • Segmentation overview

  • Regional analysis

  • Competitive landscape

  • Recent developments

  • Major key players



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 29.68 Billion
  CAGR   15.60%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Component, by Application
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Hitachi Vantara (U.S.), NEC (Japan), Cisco Systems (U.S.), IBM (U.S.), Nokia Networks (Finland), Sierra Wireless (Canada), Telit (U.K.), West Corporation (U.S.), Microsoft Corporation (U.S.), Intellivision (U.S.), Iskratel (Slovenia), X-Systems (The Netherlands), Tibbo Systems (Taiwan), Star Controls (U.S.), Yardarm Technologies (U.S.)
  Key Market Opportunities   Government efforts in creating smart city projects for safeguarding the lives of their citizens can be of benefit the market.
  Key Market Drivers   Impending public safety threats amid rising incidence of terrorism and vandalism is likely to drive the IoT for public safety market demand over the forecast period.


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Frequently Asked Questions (FAQ) :

The IoT for public safety market is poised to gain popularity due to rising terrorist attacks and vandalisms.

IoT for Public Safety Market is anticipated to touch US$ US$ 29.68 billion with 15.60% CAGR by 2027.

IoT for Public Safety Market includes Hitachi Vantara, NEC, Cisco Systems, IBM, Nokia Networks, Sierra Wireless, Telit & many more key players.

The application-based segments of the IoT for public safety market are emergency communication & incident management, disaster management, critical infrastructure security, and surveillance & security.