IoT In Public Safety Market Growth Accelerates: Strategic Forecast Predicts $8.21 Billion by 2029

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What Will the IoT In Public Safety Industry Market Size Be by 2025?
There has been a marked increase in the size of the IoT in public safety market in the past few years. The market is predicted to expand from $3.52 billion in 2024 to an estimated $4.09 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 16.2%. The growth observed during this historical period is due to factors such as an increased demand for better emergency response mechanisms, the expansion of smart city initiatives, the integration of IoT in video surveillance systems, the usage of wearables by first responders, and a growing emphasis on predictive law enforcement and crime prevention.

What's the Long-Term Growth Forecast for the IoT In Public Safety Market Size Through 2029?
Over the upcoming years, a significant upsurge is anticipated in the IoT in public safety market size. By 2029, it's projected to expand to $8.21 billion, with a compound annual growth rate (CAGR) of 19.0%. The predicted growth during the forecast period is linked to the increase in IoT-aided traffic management and control, growing utilization of drones for surveillance and response purposes, the broadening use of IoT in disaster management, and a focus on health and safety monitoring within public areas. Key trends during the forecast period will be the AI integration in IoT for public safety, creation of IoT-centric emergency communication systems, the application of IoT in environmental monitoring and air quality, incorporation of 5g networks for improved connectivity, and cooperation between the public and private sectors for IoT execution.

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What Are the Key Growth Drivers Fueling the IoT In Public Safety Market Expansion?
The rise in criminal actions fuels the need for IoT in the public safety market. Criminal conduct, which includes physical activities or mental intentions leading to a crime, is effectively documented and predicted through IoT services. Its data-centered approach is vital in foreseeing criminal occurrences. For example, The Bureau of Justice Statistics (BJS), a government agency in the US, disclosed in September 2023 that there was a stark increase in violent victimization rates, intensifying from 16.5 victimizations per 1,000 individuals in 2021 to 23.5 per 1,000 in 2022. Concurrently, rates of motor vehicle theft victimization surged from 4.3 victimizations per 1,000 households in 2021 to 5.5 per 1,000 in 2022. Hence, the mounting incidences of criminal activities will impel the growth of the IoT in the public safety market.

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What Are the Key Trends Driving IoT In Public Safety Market Growth?
The rise in the utilization of machine learning (ML) and AI-driven public safety solutions is a prevalent trend in the IoT for public safety market. These solutions leverage top-grade AI methods and techniques to enhance public safety, employing ML and profound neural networks for more precise decision-making and forecasting. The main players in the IoT public safety sector are devoted to escalating the adoption of these ML and AI-driven solutions to maintain their market presence. For instance, in March 2022, Seeed Studio, a China-based IoT hardware developer, released AI and IoT solutions, inclusive of sensors, for complete digitalization and real-world EdgeAI applications. Owing to the ultra-low-power machine learning powering the SenseCAP sensors, they can perpetually infer through vision and sound. The company launched two series of Edge Computing devices driven by Nvidia Jetson to facilitate real-time data capture and inference, thereby enabling more AI-based solutions to be implemented in real-world scenarios.

How Is the IoT In Public Safety Market Segmented?
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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Which Companies Are Leading the Charge in IoT In Public Safety Market Innovation?
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.

Which Regions Are Leading the Global IoT In Public Safety Market in Revenue?
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

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