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Natural Disaster Detection IoT Market Growth Outlook, Size, Share, Driving Factors, Future Demand, Key Segments and Forecast to 2027

09-18-2024 03:34 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

SAP (Germany), Sony (Japan), Nokia (Finland), Sadeem Technology (Saudi Arabia), Lumineye (US), Venti LLC (US), SimpliSafe (India), One Concern (US), OnSolve (US), Trinity Mobility (India), SkyAlert (Mexico), Serinus (Germany), Knowx Innovations (India).

SAP (Germany), Sony (Japan), Nokia (Finland), Sadeem Technology (Saudi Arabia), Lumineye (US), Venti LLC (US), SimpliSafe (India), One Concern (US), OnSolve (US), Trinity Mobility (India), SkyAlert (Mexico), Serinus (Germany), Knowx Innovations (India).

Natural Disaster Detection IoT Market by Component (Hardware, Solutions, Services), Application (Flood Detection, Drought Detection), Communication System (First Responder Tools, Vehicle-ready Gateways), End User and Region - Global Forecast to 2027.
The natural disaster detection IoT market [https://www.marketsandmarkets.com/Market-Reports/natural-disaster-detection-iot-market-164607105.html?utm_campaign=naturaldisasterdetectioniotmarket&utm_source=abnewswire.com&utm_medium=paidpr] is projected to grow from USD 0.3 billion in 2022 to USD 1.7 billion by 2027, with a compound annual growth rate (CAGR) of 36.0% during the forecast period. The market's expansion is being fueled by the increasing use of IoT devices and sensors for disaster prediction and early detection.

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Professional services segment is estimated to lead the natural disaster detection IoT market in 2022

Professional services offer optimization services and customized services and ensure operational proficiency, design support, solution validation, and knowledge management. Professional services include consulting, deployment and integration, support and maintenance, and training and simulation.

First Responder Tools segment is expected to have a higher growth rate during the forecast period

To benefit First Responders (FRs) with the latest technologies such as IoT, AI, and smart devices are offered to FRs and rescuers to create a safer, more efficient, and technologically advanced operating framework. Proposals are made covering the topics such as sense augmentation, precise positioning, cognitive support, multi-sense XR interfaces, and robust communications. Tools using technologies such as wearable technologies, training tools and applications, devices and tools to enhance human sensing, cognitive load management, situational awareness, operating teams' management, robust communications in adverse environments, technologies for victim detection, tools to enhance safety and efficiency of FRs, and cognitive load management are applied.

Government Organizations segment is set to emerge as a larger market during the forecast period

The government was using conventional technologies for emergency planning. IoT provides more efficient solutions when it comes to disaster management, and this can transform emergency planning. IoT in disaster management can help governments improve evacuation systems and relief mechanisms. Government organizations around the globe are expected to use IoT in disaster management systems for better planning and minimizing losses.

Asia Pacific is projected to grow at the fastest growth rate during the forecast period

Asia Pacific consists of countries, such as Japan, China, India, Australia, and New Zealand. The countries in Asia Pacific region are projected to register high growth rates in the natural disaster detection IoT market. The region is expected to witness the highest CAGR during the forecast period. Countries such as China and Japan are taking several initiatives to deploy natural disaster detection IoT solutions.

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Unique Features in the Natural Disaster Detection IoT Market

This growth reflects the rising demand for advanced technological solutions to predict and mitigate the impact of natural disasters, highlighting the critical role of IoT in this area.

Real-Time Disaster Prediction and Monitoring One of the most distinctive features of this market is the ability of IoT devices and sensors to provide real-time disaster prediction and monitoring. These systems can detect early warning signs of natural disasters such as earthquakes, floods, and wildfires, enabling timely alerts and responses.

Wide Range of IoT Devices and Sensors The natural disaster detection IoT market is characterized by the diverse range of IoT devices and sensors it employs. From seismometers for detecting earthquakes to hydrological sensors for monitoring water levels and temperature sensors for identifying wildfires, these devices are tailored to specific types of disasters.

Growing Adoption in Smart Cities and Infrastructure Another unique feature is the increasing adoption of IoT-based disaster detection solutions in smart cities and infrastructure projects. As cities become more connected, there is a growing emphasis on integrating disaster prediction systems into urban planning and infrastructure management.

Use of Artificial Intelligence (AI) and Machine Learning (ML) The incorporation of AI and machine learning into IoT disaster detection systems is another notable feature. AI and ML algorithms analyze large datasets collected from IoT sensors to identify patterns and predict potential disasters with greater accuracy.

Major Highlights of the Natural Disaster Detection IoT Market

This impressive growth underscores the increasing reliance on IoT technologies for disaster prediction and management, driven by the rising frequency and intensity of natural disasters worldwide.

Increased Use of IoT for Disaster Prediction The growing adoption of IoT devices and sensors for real-time disaster prediction is another key highlight. IoT technologies enable early detection of natural disasters such as earthquakes, floods, and wildfires, providing timely warnings that allow for faster, more efficient responses.

Integration with AI and Data Analytics The integration of IoT with artificial intelligence (AI) and data analytics is a standout feature in the market. IoT sensors generate vast amounts of data that, when processed using AI and machine learning algorithms, improve the accuracy and speed of disaster forecasting.

Growing Adoption in Smart Cities and Urban Planning The adoption of IoT-based disaster detection systems in smart cities and urban infrastructure is another highlight of the market. As cities become more connected, there is a growing focus on using IoT technologies to monitor environmental factors and ensure disaster readiness.

Cloud-Based IoT Platforms for Scalable Solutions The rising demand for cloud-based IoT platforms in disaster detection is another key highlight. These platforms allow for scalable, real-time data collection and analysis across various regions, offering centralized management of disaster detection efforts.

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Top Companies in the Natural Disaster Detection IoT Market

The major vendors covered in the natural disaster detection IoT market are The major players in the natural disaster detection IoT market are NEC Corporation (Japan), BlackBerry (Canada), Semtech (US), SAP (Germany), Sony (Japan), Nokia (Finland), Sadeem Technology (Saudi Arabia), Lumineye (US), Venti LLC (US), SimpliSafe (India), One Concern (US), OnSolve (US), Trinity Mobility (India), SkyAlert (Mexico), Serinus (Germany), Knowx Innovations (India), OgoXe (France), Aplicaciones Tecnologicas SA (Spain), Earth Networks (US), Responscity Systems (India), Sensoterra (Netherlands), Intel (US), Grillo (Brazil), Bulfro Monitech (India), and Green Stream Technologies (US). These players have adopted various growth strategies, such as partnerships, business expansions, agreements, and collaborations, new product launches, to expand their presence in the natural disaster detection IoT market.

NEC Corporation engages in the computing and communications applications of systems, components, services, and integrated solutions. It operates through the following segments: Public Business, Enterprise Business, System Platform Business, Telecom Carrier Business, and Others. The Public Business segment provides outsourcing and cloud services, system integration, system architecture and consulting support, and system equipment for medical, public, and financial institutions. The information technology solutions are offered by the Enterprise Business segment for manufacturing, retail, and services. The equipment to telecom carriers is supplied by the telecom carrier business segment for network implementation, network control platform, and operating services. The System Platform Business deals with businesses such as terminals to network and computer equipment, software products, and service platforms. The Others segment includes smart energy solutions, mobile phones, and lighting equipment businesses.

BlackBerry is a leader in cybersecurity-helping businesses, government agencies, and safety-critical institutions using IoT. BlackBerry products and services include the Cylance, BlackBerry UEM management platform, the BlackBerry AtHoc critical event management solution, and BlackBerry QNX software for secure embedded systems. The company provides intelligent security software and services to enterprises and governments around the world. It is based in Waterloo, Ontario, and leverages AI and ML to deliver innovative solutions in the areas of cybersecurity, safety, and data privacy.

Semtech (US) : Semtech Corporation, based in the United States, is a leading provider of analog and mixed-signal semiconductor products and advanced algorithms. Founded in 1960, Semtech has established itself as an innovator in technology solutions for various industries, including communications, industrial, and consumer markets.

SAP (Germany) : SAP, headquartered in Walldorf, Germany, is a global leader in enterprise software solutions. Founded in 1972, SAP has grown to become one of the largest software companies in the world, serving businesses of all sizes and industries. SAP's flagship product is its Enterprise Resource Planning (ERP) software, which helps organizations manage key business functions such as finance, human resources, procurement, and supply chain operations. The company also offers a wide range of other software solutions, including customer relationship management (CRM), business intelligence, and analytics.

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Contact Person: Mr. Rohan Salgarkar
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Phone: 18886006441
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Country: United States
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