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IoT In Public Safety Market Size Projected To Reach $8.21 Billion By 2034 With A Cagr Of 19%
The IoT In Public Safety Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the IoT In Public Safety Market?
The market size for IoT in public safety has been increasing swiftly in the past few years. The market is projected to expand from $3.52 billion in 2024 to $4.09 billion in 2025, with a compound annual growth rate (CAGR) of 16.2%. This substantial growth during the historical period is due to multiple factors such as the escalating demand for better emergency response, the proliferation of smart city projects, the incorporation of IoT into video surveillance, the adoption of wearable technology by first respondents, and a focus on predictive policing and crime prevention.
The market size of IoT in public safety is anticipated to experience substantial expansion in the subsequent years, with projections suggesting a value of $8.21 billion by 2029; this equates to a compound annual growth rate (CAGR) of 19.0%. Factors contributing to growth during this projection period include the increased utilization of IoT in managing and controlling traffic, the rising use of drones for surveillance and rapid response, the wider application of IoT in disaster management, as well as a focus on health and safety monitoring in open, public areas. Key trends predicted for this period include the incorporation of artificial intelligence into IoT for public safety purposes, the creation of IoT-assisted emergency communication systems, the use of IoT for monitoring environment and air quality, the integration of 5g networks for better connectivity, and cooperation between public and private sectors to facilitate the application of IoT.
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What Are the Different IoT In Public Safety Market Segments?
The IoT in public safety market covered in this report is segmented -
1) By Type: Surveillance Systems, Incident Management And Response, Disaster Management, Security Systems, Other Types
2) By Component: Software, Hardware, Services
3) By End User: Government And Public Sector, Transportation, Healthcare, Retail, Education, Manufacturing, Other End User
Subsegments:
1) By Surveillance Systems: Video Surveillance, Smart Cameras, Drone Surveillance
2) By Incident Management And Response: Real-Time Tracking Systems, Communication Tools, Automated Reporting Systems
3) By Disaster Management: Early Warning Systems, Emergency Response Planning, Resource Management
4) By Security Systems: Access Control Systems, Intrusion Detection Systems, Environmental Monitoring
5) By Other Types: Traffic Management Solutions, Crowd Management Systems, Health And Safety Monitoring
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What Are the Primary Drivers Shaping the IoT In Public Safety Market?
The rise in criminal activities is fueling the need for IoT in the public safety market. Criminal activities encompass physical actions or mental desires that encourage criminal conduct. The role of IoT in predicting the frequency and prevalence of crimes is significant, as it relies on data-driven techniques to foresee criminal activity. For instance, The Bureau of Justice Statistics (BJS), a US governmental agency, reported in September 2023 that the rate of violent victimization rose from 16.5 per 1,000 people in 2021 to 23.5 per 1,000 in 2022. Similarly, the rate of motor vehicle theft victimization escalated from 4.3 per 1,000 households in 2021 to 5.5 per 1,000 in 2022. Consequently, the escalating rate of criminal activities is anticipated to stimulate the growth of the IoT in the public safety market.
Which Companies Are Leading in the IoT In Public Safety Market?
Major companies operating in the IoT in public safety market include International Business Machines Corporation, Hitachi Vantara Corporation, NEC Corporation, Microsoft Corporation, Cisco Systems Inc., Sierra Wireless, Telit Communications Ltd., Intrado Life & Safety Inc., Nokia Networks, ThroughTek Co. Ltd., Kontron d. o. o., Intellivision, Star Controls Engineering Co. Ltd., Huawei Technologies Co. Ltd., Securens Systems Pvt. Ltd., Intel Corporation, Kova Group Ltd., Esri Inc., Tibbo Systems, Endeavour Technology Ltd., X-Systems Inc., Yardarm Technologies Inc., CityShob Software LTD., Aeris Communications India Pvt. Ltd., Caverion Corporation, Dallmeier Electronic GmbH & Co., Digital Barriers, Elbit Systems Ltd., Telefonaktiebolaget LM Ericsson, Genetec Inc., Honeywell International Inc.
What Are the Major Trends Shaping the IoT In Public Safety Market?
The rising use of machine learning (ML) and AI-based solutions for public safety is a significant trend emerging in the IoT in the public safety market. These solutions leverage top-tier AI methodologies and techniques to enhance public safety, allowing AI systems to augment public safety and employing ML and deep neural networks for more precise predictive decision-making. Major actors in the IoT public safety industry are concentrating on expanding the implementation of ML and AI-based public safety solutions to maintain their market position. For instance, Seeed Studio, a Chinese IoT hardware development company, launched AI and IoT solutions in March 2022, including sensors for complete digitalization, as well as EdgeAI for real-world applications. The SenseCAP sensors are powered by ultra-low-power machine learning, enabling continuous inference using vision and sound. Additionally, Seeed unveiled two series of Edge Computing devices powered by Nvidia Jetson, facilitating real-time data collection and inference, thus making more AI-based solutions usable in the real world.
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What Are the Top Revenue-Generating Geographies in the IoT In Public Safety Market?
North America was the largest region in the IoT in public safety market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT in public safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the IoT In Public Safety Market?
2. What is the CAGR expected in the IoT In Public Safety Market?
3. What Are the Key Innovations Transforming the IoT In Public Safety Industry?
4. Which Region Is Leading the IoT In Public Safety Market?
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