Market Research Report
IoT in Public Safety Market by Component, Type, and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027
|IoT in Public Safety Market by Component, Type, and End User : Global Opportunity Analysis and Industry Forecast, 2020-2027|
Published: April 1, 2021
Allied Market Research
Content info: 226 Pages
Delivery time: 2-3 business days
IoT in public safety refers to the use of various IoT devices, such as sensor, surveillance camera, and other systems, for increasing the safety and security of public for various dangers. In addition, IoT devices help users to monitor real-time data from various connected devices and alert the user from harmful & risky activity around them before it occurs. Furthermore, IoT devices provide new means of intelligence for public safety, which include improved situation awareness, prevention, mitigation, response, and recovery supporting automated notifications. Therefore, all these factors collectively contribute toward the growth of the IoT in public safety market.
Surge in number of smart city projects across 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 market. In addition, increasing number of natural calamities and terrorist attacks across the globe positively impacts the growth of the market. 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 global IoT in public safety market is segmented into component, type, end user, and region. In terms of component, the market is bifurcated into solution and service. Depending on type, it is fragmented into surveillance systems, incident management & response, disaster management, security systems and others. As per end user, the market is segregated into government & public sector, transportation, healthcare, retail, education, manufacturing and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the IoT in public safety market analysis are Cisco Systems, Inc., Huawei Technologies Co., Ltd., Hitachi Ventara, Intel Corporation, IBM Corporation, Microsoft Corporation, NEC Corporation, Siemens AG, Sierra Wireless, and West Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
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