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IoT In Public Safety Market 2023 - Size, Share, Revenue, Trends And Drivers For 2032

08-31-2023 08:30 AM CET | IT, New Media & Software

Press release from: The Business research company

IoT In Public Safety Market

IoT In Public Safety Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's IoT In Public Safety Global Market Report 2023 identifies increasing number of criminal activities as the major driver for the IoT In Public Safety market's growth in the forecast period. Criminal activities refer to any type of behaviour that manifests physically or any type of mental desire that contributes to the commission of the crime. IoT aids in estimating the occurrence and incidence of crimes, and its data-driven methodology is crucial in anticipating crime.

The global IoT in public safety market size grew from $2.61 billion in 2022 to $3.05 billion in 2023 at a compound annual growth rate (CAGR) of 17.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The IoT in public safety market size is expected to grow to $5.73 billion in 2027 at a CAGR of 17.1%.

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Major competitors in the IoT In Public Safety market are International Business Machines Corporation, Hitachi Vantara Corporation, NEC Corporation, Microsoft Corporation.

A key trend in the IoT In Public Safety market includes adoption of machine learning (ML) And AI-based public safety solutions. ML and AI-based public safety solutions are employed to improve public safety by utilising the best AI practises and techniques, enabling AI systems to improve public safety, and utilising ML and deep neural networks for more accurate decision-making and prediction. Major players in the IoT in the public safety sector are focused on increasing the adoption of ML And AI-based public safety solutions to sustain their marketplace. For instance, in March 2022, Seeed Studio, a China-based company engaged in the development of IoT hardware, launched AI and IoT solutions, including sensors, as a service for full digitalization purposes as well as EdgeAI for the real world.

Read More On The Global IoT In Public Safety Market Report Here:
https://www.thebusinessresearchcompany.com/report/iot-in-public-safety-global-market-report

The IoT In Public Safety market is segmented -

• By Type: Surveillance Systems, Incident Management and Response, Disaster Management, Security Systems, Other Types
• By Component: Software, Hardware, Services
• By End User: Government and Public Sector, Transportation, Healthcare, Retail, Education, Manufacturing, Other End User
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IoT In Public Safety market.

The Business Research Company's "Global IoT In Public Safety Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The IoT In Public Safety Market Include:

1. Executive Summary
2. IoT In Public Safety Market Characteristics
3. IoT In Public Safety Market Trends And Strategies
4. IoT In Public Safety Market - Macro Economic Scenario
5. IoT In Public Safety Market Size And Growth
……………………………………
26. Africa IoT In Public Safety Market
27. IoT In Public Safety Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT In Public Safety Market
29. IoT In Public Safety Market Future Outlook and Potential Analysis
30. Appendix

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