IoT for Public Safety Market Size, Share and Forecast 2025 | Segmentation, Key Insights and Company Profiles
The Global IoT for Public Safety Market is estimated to reach USD 2.3 Billion by 2025 at a CAGR of 15.9%.
The Internet of Things (IoT) is a network that enables electronic devices to connect for data exchange. IoT for public safety mainly focuses to anticipate natural disasters and cyber-attacks activities that could have a negative impact on the economy. However, these security offers a wide range of remote computing devices that connect to a network and communicates security such as antimalware software program and antivirus software along with network security system that monitors and controls incoming and outgoing network predetermined security.
IoT for Public Safety Market: Drivers & Restraints
Market Drivers:
Increase in Demand for Digital Platform
The market demand for the IoT for public safety is growing owing to the adoption of cloud-based technology. However, IoT in the healthcare sector used for smart devices and gathering steam for real-time monitoring of patient’s diseases. This also helps to increase infrastructure security by adopting technologies like a biometric, surveillance system, emergency and disaster management, cybersecurity, public address, and alarm.
Hence, an increase in demand for digital platforms is expected to boost the IoT for public safety market during the forecast period.
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Increasing Adoption of Artificial Intelligence & Machine Learning
Increasing demand for artificial intelligence & machine learning improves the overall security and quality of IoT. It can provide valuable awareness to help to reduce cyber threats and to adopt technologies smart camera system. However, these devices boost sensors devices to detect weather conditions and also used to find out the availability of parking spots and CCTV footage to get real time data and security.
Therefore, the adoption of artificial intelligence & machine learning is expected to drive the IoT for the public safety market during the forecast period
Market Challenges:
Privacy and Security Issues
The growing concerns over protecting the critical infrastructure and sensitive data safety. Furthermore, the possibility of hackers is breaking into the system and stealing of the data from devices. Moreover, digitally connected things can also identify as a risk factor for public safety as by transferring data from one device to another.
Hence, privacy and security issues in these devices may hinder the growth of the IoT for the public safety market.
IoT for Public Safety Market: Key Segments
- By Component: Solution and Services
- On the Basics by Application: Disaster Management, Real-Time Location Tracking, Prescriptive Analytics, and Infrastructure Security
- Key Segments by End Users: Education, Healthcare, Defence, Transportation, and Others
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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List of the leading companies operating in the IoT for Public Safety Market include:
- IBM Corporation (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Hitachi Vantara Corporation
- NEC Corporation
- Microsoft Corporation
- Cisco Systems, Inc.
- Sierra Wireless, Inc.
- Telit Communications Plc
- Nokia
- Iskratel
- Star Controls, Inc.
- Other Key Companies
Iot for Public Safety Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
IoT for Public Safety Market, by Components
Solution
- Networking Solutions
- Monitoring Solutions
Services
- Management Services
- Emergency Services
- Consulting Services
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IoT for Public Safety Market, by Application
- Disaster Management
- Real-Time Location Tracking
- Prescriptive Analytics
- Infrastructure Security
IoT for Public Safety Market, by End User
- Education
- Healthcare
- Defense
- Transportation
- Others
IoT for Public Safety Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key players operating in the global market?
- How are the major players leveraging in the existing market conditions?
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