Smart Personal Safety and Security Device Market Driven by the rising demand amongst various fields and applications like sports | Industry Size, Reports Analysis by 2030

Smart Personal Safety and Security Device Market overview:

The Smart Personal Safety and Security Device Market is expected to grow significantly during 2020-2030. The market is expected to be worth USD 8.74 billion by the end of the forecast period due to these trends and expanding worldwide demand. During the forecast period, the Smart Personal Safety and Security Device Market will expand at a 13.6% CAGR.

Growing safety and security concerns for women, the elderly, and children are the primary drivers of industry expansion. Increasing advancements in smart devices with enhanced functionality and creative product improvements in the wrist and neckwear categories are driving market expansion. Furthermore, the increasing usage of personal security tools and IoT-based smart devices, and the development of new sophisticated communication technologies, are boosting market expansion. Furthermore, consumers’ increased adoption of numerous safety software programs propels market expansion.

COVID-19 had a favorable influence on the smart personal safety and security device market due to the number of industrial verticals adopting smart personal safety and security devices during COVID-19’s outbreak. Many businesses, particularly banking, financial services, and insurance (BFSI), as well as telecommunications and information technology (IT), were introducing security solutions to protect customer data. The post-pandemic security solutions industry is predicted to develop rapidly due to increased awareness of the potential benefits of security equipment.

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Report Scope:

Smart Personal Safety and Security Device Market Segmentation:

The smart personal safety and security devices market is segmented into product, type, technology, and industry.

By Product:

• Neck Wear
• Head Wear
• Finger Wear
• Other Segments

By Type:

• Smart Personal Security Device
• Smart Personal Safety Device

By Technology:

• Positioning Technology
• Networking Technology
• Speech Recognition Technology
• Sensor Technology

By Industry:

• Healthcare
• BFSI
• Defense
• Telecommunication
• Consumer Electronics

In-depth Market Research Report (155 Pages) on Smart Personal Safety and Security Device Market:

https://www.marketresearchfuture.com/reports/smart-personal-safety-security-device-market-1866

Smart Personal Safety and Security Device Market Regional analysis:

The Smart Personal Safety and Security Device market is thriving in four primary areas: North America, Asia-Pacific, Europe, and the rest of the world. Among all of these regions, North America will lead this industry, and the reason for this is that firms creating smart gadgets are becoming engaged and making people aware of their safety and security. In addition, significant technical developments in the communication technology industry are occurring. During the projected period, North America will have the biggest market share, accounting for approximately 42% of the worldwide market. Due to increased safety concerns among end-users, the Asia-Pacific area will also experience great development. On the other hand, due to a lack of knowledge about technical breakthroughs and inventions, the European market and the rest of the globe will see sluggish growth throughout the projection period.

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Recent developments:

• Teledyne FLIR announced the availability of ruggedized advanced smart sensor-equipped thermal cameras A500f/700F for high-temperature and fire detection in harsh environments, featuring alarm capabilities and on-camera analytics, in June 2021. These characteristics are suitable for early detection and monitoring of industrial fires.
• Fitbit inc. released the Fitbit Charge 4 for pre-order in April 2020. This Charge 4 contains GPS, a heart rate monitor, a spo2 blood oxygen meter, heart rate monitoring when resting, sleep tracking, and vo2 max monitoring.
• In April 2020, 100plus introduced a remote patient monitoring platform that will interact with other remote patient monitoring devices such as blood pressure cuffs, blood glucose monitors, and digital weight scales.

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