IoT In Public Safety Market Market Is Estimated To Reach A Value Of USD 5,650 By 2031 With A CAGR Of 20.1% During The Forecast Period 2023-2031

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.

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.

Below figure depicts the breakdown, of IoT technology in various industries:

From the above figure it is evident that, IoT has wide range of application in various fields such as supply chain, mining, firefighting, building automation, smart city, asset tracking, healthcare, logistics, transportation, intelligent home, smart grids and energy management. Besides these applications, one of the lucrative area which is gaining a huge demand is public safety domain. When referring about safety primarily natural calamities, law and order crimes and accidents are considered in the scope.

Click Here, Download a Free Sample Copy of this Market: https://wemarketresearch.com/sample-request/iot-in-public-safety-market-market/835/

Segments:

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..

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

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.

Purchase IoT In Public Safety Market Report: https://wemarketresearch.com/purchase/iot-in-public-safety-market-market/835/?license=single

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.

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.

Get A Report Copy of this Market: https://wemarketresearch.com/reports/iot-in-public-safety-market-market/835/

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

Contact Us:

We Market Research
Phone: +1(650)-666-4592
Email: sales@wemarketresearch.com
Web: https://wemarketresearch.com/

About We Market Research:

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

This release was published on openPR.