Global IoT in Public Safety Market Size, Share & Trends Analysis Report, By Application (Critical Infrastructure Security, Disaster Management), By Vertical (Smart Utilities, Smart Manufacturing, Smart Healthcare),By Region (North America, Europe, APAC, and Others), and Segment Forecasts, 2024-2032
- Report Summary
- Table of Contents
- Segmentation
- Methodology
- Download Sample
Global IoT in Public Safety Market was valued at US $ 1.83 Billion in 2023 and is expected to reach US $ 5.51 billion by 2032 growing at a CAGR of 14.75% during the forecast period 2024 – 2032.
IoT technology has penetrated in each and every field, owing to which many government and law enforcement agencies are implementing different strategies for adopting IoT devices for enhancing public safety of their countries. In addition, the major objective of the government using IoT devices is to reduce the loss suffered from various natural disasters, such as flood and others, by predicting the occurrence of this disaster before it occurs with the help of IoT devices. This increases the adoption of IoT devices among the general public, thereby driving the growth of the market.
Surge in number of smart city projects across the developing nations and rise in adoption of machine learning and AI-based public safety solutions boost the growth of the global IoT in public safety industry. In addition, increasing number of natural calamities and terrorist attacks across the globe positively impacts the IoT in public safety market growth. However, high implementation cost and budget constraint for deploying smart devices are expected to hamper the market growth. On the contrary, growing adoption of IoT technology among various industries is expected to offer remunerative opportunities for the expansion of the market during the forecast period.
The IoT for Public Safety Market Trend Analysis
Integration of IoT in Emergency Response Systems:
Several public safety organizations are gradually adopting IoT solutions to bolster crisis response capabilities. It entails using IoT devices for gathering, tracking, and communication of data in real time to enhance the performance of emergency services.
Smart Cities Initiatives:
Many cities worldwide are investing in smart city projects, incorporating IoT solutions for public safety. This involves the deployment of sensors, cameras, and other connected devices to monitor and manage urban environments, traffic, and public spaces.
Predictive Policing and Crime Prevention:
IoT enables the collection and analysis of data from various sources, helping law enforcement agencies to predict and prevent criminal activities. Predictive policing algorithms can leverage data from IoT devices to identify potential crime hotspots and allocate resources more effectively.
Wearable Technologies for First Responders:
Wearable IoT devices for first responders, such as police officers and firefighters, are becoming more advanced. These devices can monitor vital signs, provide real-time location tracking, and offer communication capabilities, improving overall safety and coordination during emergency situations.
Drivers
Enhanced Situational Awareness:
- Sensor Networks: IoT devices, such as surveillance cameras, smart sensors, and wearables, provide real-time data and contribute to a more comprehensive understanding of situations.
- Data Fusion: Integration of data from multiple sources allows for better analysis and decision-making in emergency situations.
Improved Emergency Response:
- Location-Based Services: IoT enables accurate location tracking of individuals in distress, improving response times for emergency services.
- Connected Vehicles: Emergency vehicles equipped with IoT devices can communicate with traffic management systems, ensuring faster and safer routes to incidents.
Predictive Analytics and Prevention:
- Data Analytics: IoT-generated data can be analyzed to identify patterns, predict potential threats, and prevent incidents before they occur.
- Smart Infrastructure: Implementing IoT in critical infrastructure (e.g., smart cities) enhances monitoring capabilities and facilitates proactive maintenance.
Segmentation Analysis of the IoT for Public Safety Market
By Application
Based on Application, the market is bifurcated into Critical Infrastructure Security, Disaster Management, Emergency Communication, and Incident Management and Surveillance and Security. The surveillance and security segment in the global IoT for the public safety market is expected to grow at highest CAGR during the forecast period. Surveillance and security systems incorporate various types of surveillance cameras, monitors, storages, and surveillance software, such as video analytics and video generic applications, and IoT programs.
By Vertical
Based on Vertical, the market is bifurcated into Smart Utilities, Smart Manufacturing, Smart Healthcare, Smart Building and Home Automation, and Homeland Security. Smart healthcare segment in the global IoT for the public safety market is expected to grow at highest CAGR during the forecast period. The rising need for monitoring care users experiencing chronic conditions and delivering enhanced patient outcomes results in developing popularity and increasing the application of the service in the Smart healthcare segment.
Regional Analysis of the IoT for Public Safety Market
On the basis of Regional Analysis, the Global IoT for Public Safety Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America dominated the highest market share on the global level in 2019. Due to the increasing growth of smart cities, growing expenditure on IT infrastructure by the government, and the extension of smart cities, progressions in IoT have promoted government bodies and public safety companies to coordinate IoT for public safety.
COVID-19 Impact Analysis on IoT for Public Safety Market.
The IoT in public safety market has witnessed significant growth in the past few years. However, due to the outbreak of the COVID-19 pandemic, the market is projected to exhibit sudden rise in 2021. This is attributed to implementation of lockdown by governments in majority of the countries and growing implementation of smart city projects in developing nations across the globe. Furthermore, the IoT in public safety market is projected to prosper in the coming years after the recovery from the COVID-19 pandemic. Various organizations and government institutions are installing different IoT devices for increasing the security of the public and reducing the impact of various natural calamities, thereby providing lucrative opportunity for the market.
Top Key Players Covered
- MICROSOFT CORPORATION
- SIEMENS
- Hitachi Ventara
- SIERRA WIRELESS
- Cisco Systems, Inc.
- Huawei Technologies Co.Ltd.
- Intrado
- NEC CORPORATION
- Intel Corporation
- INTERNATIONAL BUSINESS MACHINES CORPORATION
Key Industry Developments in the IoT for Public Safety Market
- The study provides an in-depth analysis of global IoT in public safety market forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restraints, & opportunities and their impact analysis on global IoT in public safety market trends is provided in the report.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2020 to 2027 is provided to determine the market potential.
Top Impacting Market
Surge in adoption of machine learning and artificial intelligence-based public safety solution
Some of the important determinants expected to spur the use of such devices include the rapid proliferation of internet of things around the globe and the increasing awareness of the benefits accrued from scalable, flexible, secure, and recoverable cloud computing technologies. Additionally, global governments and private organizations are migrating to artificial intelligence based applications in order to improve organisational security and anticipate and thwart criminal occurrences. Take a case of a collaboration between law-enforcement agencies of Los Angeles and New Orleans with the private sector that has developed predictive policing programs in the United State. These programs use data collected from IoT devices under smart city plans, such as traffic cameras, smartphones, and various devices, to analyze social media posts, outline criminal histories, and trace people’s ties to other gang members. This will use statistics and AI to assess the risk of someone committing or becoming a victim of these crimes so that agencies can intervene. Therefore, such rapid development activities across the globe drive the growth of the market.
Growing adoption of IoT technology across different industries
Rise in adoption of IoT technology by firms among various industries, such as healthcare, criminal detection, building smart cities, manufacturing industry, and others, is providing lucrative opportunity for the market. Furthermore, growing adoption of new innovation and technologies, such as wearables, home/remote monitoring equipment embedded with IoT, and IoT-enabled hygiene monitoring devices in the healthcare industry, is also increasing the demand for IoT across the industry. Furthermore, with rising crime rate, governments across the developing nations are installing IoT-enabled smart security systems, which are used to capture, store, and analyze continuous video streams. In addition, various industries are installing high-definition cameras, which are used for pattern recognition and motion detection for increasing the security of the companies, thereby enhancing the growth of the market. Moreover, factories are using IoT-enabled machines for tracking wear & tear of the machines, helping workers to increase the lifespan of the machinery, and preventing accidents at the workplace, thereby providing lucrative opportunity for the market.
Report Components | Details |
---|---|
Base Year | 2022 |
Forecast Period | 2022-2030 |
Quantitative Units | Revenue in US $ |
Segments Covered | By Vertical: Smart Utilities, Smart Manufacturing, Smart Healthcare, Smart Building and Home Automation, Homeland Security By Application: Critical Infrastructure Security, Disaster Management, Emergency Communication and Incident Management, Surveillance and Security |
Table of Contents
- Introduction Of Global IoT in Public Safety Market
- Overview of the Market
- Scope of Report
- Assumptions
- Executive Summary
- Research Methodology
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
- Global IoT in Public Safety Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Bargaining Power of Suppliers
- Threat of New Entrants
- Threat of Substitutes
- Competitive Rivalry
- Bargaining Power among Buyers
- Value Chain Analysis
- Global IoT in Public Safety Market, By Application
- Overview
- Critical Infrastructure Security
- Disaster Management
- Global IoT in Public Safety Market, By Vertical
- Overview
- Smart Utilities
- Smart Manufacturing
- Smart Healthcare
- Global IoT in Public Safety Market By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of Asia Pacific
- Others
- Saudi Arabia
- U.A.E.
- South Africa
- Egypt
- Israel
- Rest of Middle East and Africa (MEA)
- Brazil
- Argentina
- Mexico
- Rest of South America
- North America
- Company Profiles
- MICROSOFT CORPORATION
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- SIEMENS
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- Hitachi Ventara
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- SIERRA WIRELESS
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- Cisco Systems, Inc.
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- Huawei Technologies Co.Ltd
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- Intrado
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- NEC CORPORATION
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- Intel Corporation
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- INTERNATIONAL BUSINESS MACHINES CORPORATION
- Company Overview
- Key Executives
- Operating Business Segments
- Product Portfolio
- Financial Performance (As per availability)
- Key News
- MICROSOFT CORPORATION
Global IoT in Public Safety Market Segmentation
IoT in Public Safety by Vertical: Market Size & Forecast 2024-2032
- Smart Utilities
- Smart Manufacturing
- Smart Healthcare
- Smart Building and Home Automation
- Homeland Security
IoT in Public Safety by Application: Market Size & Forecast 2024-2032
- Critical Infrastructure Security
- Disaster Management
- Emergency Communication and Incident Management
- Surveillance and Security
IoT in Public Safety by Geography: Market Size & Forecast 2024-2032
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
- South America (Brazil, Argentina, Columbia, Rest of South America)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Major Players:
- MICROSOFT CORPORATION
- SIEMENS
- Hitachi Ventara
- SIERRA WIRELESS
- Cisco Systems, Inc.
- Huawei Technologies Co.Ltd.
- Intrado
- NEC CORPORATION
- Intel Corporation
- INTERNATIONAL BUSINESS MACHINES CORPORATION