IoT In Public Safety Market Analysis By Component, Media, Messaging, Platform, Application, Vertical & Forecast

Industry Overview
Internet of Things (IoT) technology has gained a huge adoption rate in almost every sector right from lower end residential purposes to heavy end manufacturing and defense purpose, making it an USD 400 billion market in 2022.

Global IoT for public safety market was valued at USD 950 million in 2020, which is estimated to reach a value of USD 5,650 by 2031 with a CAGR of 20.1% during the forecast period 2023-2031. Immense focus on public safety and social condition of people's lives is acting as a primary driver in propelling the market growth. Safety factor can be classified into four types, where the market can achieve an enormous market growth listed as follows:
• Environmental Safety
• Production Safety
• Food Safety
• Social Safety

Apart from safety, other important factor that is contributing in the market growth is increasing smart city initiatives across the world. Government has opened the space for various private players in order to garner huge investment for the smart city initiatives, that is estimated to put a demand for various IoT based devices. As per the recent news, in December 2022, The Uttar Pradesh (UP) government has signed a memorandum of understanding (MoU) with the US-based Austin University for the construction of a Smart City of Knowledge in the state. Austin University will invest $42 billion for smart city project in Uttar Pradesh.
Immense focus on upgrading the public safety measures by the government is anticipated to provide a lucrative scope for the global IoT in public safety market. Increasing criminal activities globally has made the government to increase the security measures, thereby creating fertile base for the market. In September 2022, Governor Kathy Hochul today announced $50 million in State funding to invest in new technologies and equipment for local law enforcement agencies and support a continuum of pretrial services. Administered by the New York State Division of Criminal Justice Services, $30 million will be dedicated for new technologies and body-worn cameras for local law enforcement agencies.

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Drone based surveillance and monitoring has anticipated to create a long term impact on the market, as both public and private players has been keenly investing in the development and commercialization of drones for safety purpose , thereby creating a lucrative opportunity for the market during the forecast period. From the past five years, it has been clearly observed that there has been a linear investment trend in drone and unmanned aerial devices. For instance, FLIR Systems has invested an undisclosed amount in DroneSense. DroneSense provides comprehensive drone piloting, management and system of record for first responders. Further, FLIR system announced that it will invest in unmanned aerial surveillance systems for government customers.

Segmental Analysis
Global IoT in public safety market scope primarily covers the segmental analysis in terms of component, platform, application, media, messaging and verticals. In terms of application the market is segmented as follows: emergency communication and incident management, critical infrastructure management, surveillance and security, public warning system and other.

Surveillance and safety accounts for around 35% share in the market mainly backed by rapid adoption those in transportation, law enforcement, defense, and among others, are adopting mobile video surveillance more frequently. At any industrial facility, security is a prerequisite for increasing output and maintaining quality standards. The need for video monitoring has increased throughout industrial and manufacturing facilities in order to maintain this. Apart from industrial and manufacturing, transportation industry is another vertical which is expected to bolster market over the forecast period. The necessity for monitoring in the general transportation system has increased due to rising crime rates, vandalism, harassment, and threats related to terrorism which is anticipated to drive the market growth over the projected period.

Regional Analysis
Global IoT in public safety market primarily covers the study of North America, Europe, APAC, South America and Middle East. North America leads the market with an active market share of 41% in 2021. Various IoT based use case have been implemented within the region, one of them is as follows: a school in the US has implemented a new sensor and analytics technology based on a series of deadly school shootings across the country. The security camera that has been installed in the passage could visualize the presence of a handgun. After detecting the gunshot, the system sends an alert message to the school system-monitoring center that takes action. When detecting such an emergency, the alarm pull stations at the school are automatically disabled to prevent evacuation of students into open areas. If the gunman ran to another building, an update on his location will be sent to the system.

Besides North America, Middle East region is also moving towards developing smarter and safer cities driven by various national transformation strategies. Huawei is primarily engaged in deploying IoT networks and system for public safety. For instance, Huawei partnered with SamTech Middle East to develop a connected-vehicle solution to improve connectivity, safety and comfort across various forms of transport, including buses, taxis and trucks. The connected-vehicle solution features in-vehicle video surveillance, accurate passenger tracking, emergency services communication, real-time vehicle health data analysis and a range of multimedia passenger entertainment services.

Competitive Landscape
Some of the major companies operating in the global market are listed as follows: IBM, Hitachi Vantara, NEC, Microsoft Corporation, Cisco systems, Sierra Wireless, Telit, West Corporation, Nokia Networks, Huawei, Intellivision, Star Controls, Carbyne, Securens, Smartcone technologies, ESRI, Tibbo systems, Cityshob and others..

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Segments
By Component
• Platform
• Software
• Services

By Media
• Picture
• Video

By Messaging
• SMS
• MMS
• Web

By Platform
• Device Management
• Application Management
• Network Management

By Application
• Emergency Communication and Incident Management
• Critical Infrastructure Security
• Surveillance and Security
• Public Warning System
• Others

By Vertical
• Smart Building and Automation
• Smart Utilities
• Smart Healthcare
• Smart Manufacturing
• Smart Transportation
• Others

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Global IoT in Public Safety Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global IoT in Public Safety market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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