IoT for Public Safety Market 2020 Trending Technology, Global Size, Insights And Forecast Till 2026

Market Size – USD 1,046.4 Million in 2018, Market Growth - CAGR of 11.2%, Market Trends – The growing incorporation of AI and Ml based public safety solutions.

Reports and Data has added a new research report on the IoT for Public Safety Market to its consistently extending database. The report is inclusive of the basic numerical data and certified data, which is gathered from certified sources and market experts. It includes and evaluates all the changes and shifts that are observed in the market and its supplementary markets. The provided information can, therefore, be used to improve and strengthen a firm’s standing in the IoT for Public Safety market.

This report covers the recent COVID-19 incidence and its impact on IoT for Public Safety. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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As an instance, at the time of disaster, national or local authorities are needed to alert citizens. In such situations, with the help of IoT devices like connected road displays or billboards, bus stop displays, connected cars, and displays inside busses, citizens in the affected area can be provided with timely and accurate information. Thus with the help of such public warning systems, the damages associated due to the disaster can be significantly controlled. Therefore, IoT has varied areas of application in the domain of public safety, which is boosting the growth of the market.

Influential and dominant players in the IoT for Public Safety market space:
Hitachi Vantara, IBM, Microsoft, NEC, Sierra Wireless, Cisco Systems, Nokia Networks, West Corporation, Telit, and Throughtek.

For the purpose of this report, Reports and Data have segmented the global IoT for Public Safety market based on Component, Application, End-use, and region:
Component Type Outlook (Revenue, USD Million; 2016-2026)
• Solution
• Platform
• Application Management
• Device Management
• Network Management
• Services
• Consulting Services
• System Integration Services
• Support and Maintenance Services

Application Type Outlook (Revenue, USD Million; 2016-2026)
• Critical Infrastructure Security
• Emergency Communication and Incident Management
• Disaster Management
• Surveillance and Security

End-use Type Outlook (Revenue, USD Million; 2016-2026)
• Smart Utilities
• Smart Building and Home Automation
• Homeland Security
• Smart Transportation
• Smart Healthcare
• Smart Manufacturing
• Other.

The IoT for Public Safety report consists of streamlined financial data obtained from various research sources to provide specific and trustworthy analysis. An in-depth analysis of the market trends of the IoT for Public Safety industry and how the factors affect its functioning. The factors are segmented into drivers and restraints for increased comprehensibility and understanding. The report also provides a detailed outlook of the IoT for Public Safety market share along with strategic recommendations, on the basis of emerging segments.

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The regions that have been included in the study are:
Regional Analysis:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Some major points covered in this IoT for Public Safety Market report:
1. An excessively meticulous study that helps in segmenting the useful data from the irrelevant.
2. The study has been segmented and sub-segmented into regions, end-users, applications, product types, players according to the influence they exercise in the IoT for Public Safety market, their strategies, and the potential consumer bases that a new entrant can tap into.
3. In the next section, factors responsible for the growth of the market have been included. This data has been collected from the primary and secondary sources and has been approved by the industry specialists. It helps in understanding the key market segments and their future trends.
4. The participants of this industry who possess and employ influence over the IoT for Public Safety market are highlighted in the study and their respective strategies to overcome the competition and challenges of the eco-system they perform in.
5. The IoT for Public Safety market research report also presents an eight-year forecast on the basis of how the market is predicted to grow.

Further key findings from the report suggest
• The IoT for Public Safety market held a market share of USD 1,046.4 Million in the year 2018 and forecasted to grow at a rate of 11.2% during the forecast period.
• In regards to Component, the Platform segment generated the highest revenue of USD 481.4 Million in 2018, with a growth rate of 11.4% during the forecast period. The effectiveness of IoT Platforms in centrally controlling and monitoring every activity that occurs within an organization or a specific area have resulted in its elevated application for public safety and revenue generated by the segment.
• In context to Application, the Surveillance and Security segment occupied the largest market share of 40.0% in 2018, with a growth rate of 10.9% during the forecast period. The market share held by the Surveillance and Security segment is attributed to the effectiveness of IoT platforms in gathering data from devices like surveillance cameras, evaluate these data, and disseminate these data to public safety agencies for avoiding emergencies. The mentioned factor have resulted in the elevated application of IoT platforms in surveillance and security.

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In the end, the report covers segment data, including industry segment, type segment, channel segment, etc., as well as the segments’ market size, both in terms of volume and value. In addition, the report mentions client data from different industries, which is vital to manufacturers. The report has been collated with in-depth secondary research, comprehending the market access aspects across various geographies.

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This release was published on openPR.