IoT for Public Safety Market Projected to Hit USD 5.35 Billion at a 14.75% CAGR by 2030 – Report by Market Research Future (MRFR)

IoT for Public Safety:

IoT technology can be used to improve public safety by providing real-time data and analytics to help officials respond to emergencies more quickly, increase public safety awareness, and prevent crime. It can also be used to monitor and alert authorities to potential risks such as fires, floods, and other disasters. Additionally, IoT can be used to track and monitor people’s movements to provide information that could help identify and prevent violent crimes. Finally, IoT-enabled technologies can be used to improve public infrastructure such as roads, bridges, and buildings to improve public safety.

Market Research Future Insights

According to MRFR analysis, the global IoT for Public Safety Market is expected to register a CAGR of ~ 14.75 % from 2022 to 2030 and hold a value of over USD 5.35 Billion by 2030. The internet of things (IoT) raises the rapidly rising network of connected physical objects, embedded with software, sensors, and other technologies cast-off to connect and exchange data with other devices and systems over the internet. Thermostats, lights, refrigerators, cars, and other appliances can also be associated with it.

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IoT for Public Safety Market Report Scope: 

The factors such as the rising number of smart city projects and the rise in adoption of machine learning and AI-based public safety solutions are anticipated to emerge as the significant factor accelerating the growth of IoT (internet of things) for the public safety market.  It also progresses real-time performance, which aids in heightening situational awareness. 

The COVID-19 eruption had a positive impact on the growth of the IoT in the public safety market, due to the rapid adoption of IoT devices among several industries which contain government & public sector, manufacturing, healthcare, and others for refining the security and safety features of the organization and their employees. Many major industries across the globe are installing thermal cameras and IoT-enabled monitoring devices for providing a safe and secure working environment for employees in the epidemic situation.

Regional Analysis

North America is expected to dominate the IoT (internet of things) for the public safety market during the forecast period owing to the surging deployment of several smart city projects and growing government adoption of IoT devices for public safety and security within this region.

Asia-Pacific is anticipated to show lucrative growth due to a surge in the deployment of numerous IoT devices.

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Market Segmentation

The Global IoT for Public Safety Market has been segmented into the Application and Vertical

Based on Application, The Global IoT for Public Safety Market has been segmented into Critical Infrastructure Security, Disaster Management, Emergency Communication, Incident Management, and Surveillance and Security. The surveillance and security segment in the global IoT for the public safety market is anticipated to grow at the highest CAGR during the estimated period. Surveillance and security systems incorporate several types of surveillance cameras, monitors, storages, and surveillance software, such as video analytics and video generic applications, and IoT programs.

Based on Vertical, The Global IoT for Public Safety Market has been segmented into Smart Utilities, Smart Manufacturing, Smart Healthcare, Smart Building, Home Automation, and Homeland Security. The smart healthcare segment in the global IoT for the public safety market is anticipated to grow at the highest CAGR during the estimated period. The increasing need for monitoring care users experiencing chronic conditions and delivering enhanced patient outcomes is in developing popularity and growing the application of the service in the Smart healthcare segment.

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Key Players

Some of the key market players are West Corporation (U.S.), Microsoft Corporation (U.S.), Intellivision (U.S.), Iskratel (Slovenia), X-Systems (The Netherlands), Tibbo Systems (Taiwan), Hitachi Vantara (U.S.), NEC (Japan), Cisco Systems (U.S.), IBM (U.S.), Nokia Networks (Finland), Sierra Wireless (Canada), Telit (U.K.), Star Controls (U.S.), and Yardarm Technologies (U.S.

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