The iot in public safety global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
IoT In Public Safety Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The iot in public safety market size has grown rapidly in recent years. It will grow from $3.07 billion in 2023 to $3.6 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to growing need for improved emergency response, expansion of smart cities initiatives, integration of iot in video surveillance, adoption of wearable devices for first responders, emphasis on predictive policing and crime prevention.
The iot in public safety market size is expected to see rapid growth in the next few years. It will grow to $6.85 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. The growth in the forecast period can be attributed to growth in iot-enabled traffic management and control, increased adoption of drones for surveillance and response, expansion of iot in disaster management, emphasis on health and safety monitoring in public spaces. Major trends in the forecast period include integration of artificial intelligence in iot for public safety, development of iot-based emergency communication systems, use of iot for environmental monitoring and air quality, integration of 5g networks for enhanced connectivity, collaboration between public and private sectors for iot implementation.
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Scope Of IoT In Public Safety Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing number of criminal activities is driving the demand for the IoT in the public safety market going forward. Criminal activities refer to any type of behaviour that manifests physically or any type of mental desire that contributes to the commission of the crime. IoT aids in estimating the occurrence and incidence of crimes, and its data-driven methodology is crucial in anticipating crime. For instance, in September 2023, according to The Bureau of Justice Statistics (BJS), a US-based government agency, reported that the violent victimization rate increased from 16.5 victimizations per 1,000 persons in 2021 to 23.5 per 1,000 in 2022. Motor vehicle theft victimization increased from a rate of 4.3 victimizations per 1,000 households in 2021 to 5.5 per 1,000 in 2022. Therefore, the increasing number of criminal activities will drive the IoT in the public safety market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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
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Regional Insights –
North America was the largest region in the IoT in public safety market in 2023. 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
Key Companies –
Major companies operating in the iot in public safety market report are 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.
Table of Contents
1. Executive Summary
2. IoT In Public Safety Market characterstics
3. IoT In Public Safety Market Trends And Strategies
4. IoT In Public Safety Market – Macro Economic Scenario
5. Global IoT In Public Safety Market Size And Growth
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31. Global IoT In Public Safety Market Competitive Benchmarking
32. Global IoT In Public Safety Market Competitive Dashboard
33. Key Mergers And Acquisitions In The IoT In Public Safety Market
34. IoT In Public Safety Market Future Outlook and Potential Analysis
35. Appendix
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