Press release
Smart Personal Safety & Security Device Market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 7% during the forecast period, with an expected market value of USD 66.26 billion by 2029.
Smart Personal Safety & Security Device Market
Maximize Market Research Pvt. Ltd., a leading market research company based in Pune, India, has published a comprehensive market research report on the Smart Personal Safety & Security Device Market, which predicts a remarkable growth trajectory.
Get to Know More About This Market Study: https://www.maximizemarketresearch.com/market-report/global-smart-personal-safety-security-device-market/54774/
This report analyzes external and internal factors that are expected to affect the industry positively or negatively, giving decision-makers a clear view of the industry's future. It also provides an understanding of the dynamics of the Global Smart Personal Safety & Security Device Market, analyzing market segments and projecting its future.
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What are Global Smart Personal Safety & Security Device Market Dynamics?
Smart Personal Safety & Security Devices are designed to trace and track users' locations while sending emergency alerts in the form of text messages or alarms. This technology aims to address the growing concerns surrounding the safety and security of women, the elderly, and children. The market's robust growth is further driven by continuous innovations in smart devices, advanced features, and product developments in wrist and neck wear segments. Additionally, the increased adoption of personal security tools and IoT-based smart devices, along with the introduction of advanced communication technologies, are bolstering the market's expansion. The rapid uptake of safety software applications further contributes to market growth.
However, the high initial cost of personal safety and security devices remains a major challenge for market growth, alongside a lack of awareness in developing countries and potential issues related to internet connectivity.
In the market segment analysis, the hardware segment led the market in 2022 and is expected to continue growing at an impressive rate. This is primarily due to the adoption of smart devices such as smart helmets, smart mouth guards, smart knee guards, personal alarms, safety jewelry, pepper spray, hidden cameras, and video and audio recorders. The software segment is also expected to experience substantial growth, driven by various smartphone applications addressing safety and security concerns.
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What is Global Smart Personal Safety & Security Device Market Regional Insight?
Regionally, North America held the largest market share in 2022, with the United States and Canada as key contributors to the market's growth. This is attributed to the presence of smart device manufacturing companies and the increasing awareness of personal safety and security among users.
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What is Global Smart Personal Safety & Security Device Market Segmentation?
by Component
Hardware
Software
by End User
BFSI
Healthcare
Telecommunication
Defence
Consumer Electronics
by Technology
Sensor
Network
Navigation
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Who are Global Smart Personal Safety & Security Device Market Key Players?
1. DAQRI
2. Force Impact Technologies
3. Ericsson
4. iBeat
5. Fitbit
6. UnaliWear
7. Honeywell International
8. General Electric
9. Revolar
10. Safelet
Table of content for the Global Smart Personal Safety & Security Device Market includes:
Global Smart Personal Safety & Security Device Market: Research Methodology
Global Smart Personal Safety & Security Device Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Smart Personal Safety & Security Device Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Market Size, Share, Size & Forecast by different segment |
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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