IoT in Public Safety Market

1. IoT in Public Safety Market Size, Unlocking Growth Opportunities and Forecast for 2023-2030 Internet of Things (IoT) technology has gained a huge adoption rate in almost every sector right from lower end residential purposes to heavy end manufacturing and defense purpose, making it an USD 400 billion market in 2022. Below figure depicts the breakdown, of IoT technology in various industries: From the above figure it is evident that, IoT has wide range of application in various fields such as supply chain, mining, firefighting, building automation, smart city, asset tracking, healthcare, logistics, transportation, intelligent home, smart grids and energy management. Besides these applications, one of the lucrative area which is gaining a huge demand is public safety domain. When referring about safety primarily natural calamities, law and order crimes and accidents are considered in the scope. IoT for public safety market was valued at USD 950 million in 2020, which is estimated to reach a value of USD 5,650 by 2031 with a CAGR of 20.1% during the forecast period 2023-2031. Immense focus on public safety and social condition of people’s lives is acting as a primary driver in propelling the market growth. Safety factor can be classified into four types, where the market can achieve an enormous market growth listed as follows: •Environmental Safety • Production Safety • Food Safety • Social Safety Apart from safety, other important factor that is contributing in the market growth is increasing smart city initiatives across the world.

2. Government has opened the space for various private players in order to garner huge investment for the smart city initiatives, that is estimated to put a demand for various IoT based devices. As per the recent news, in December 2022, The Uttar Pradesh (UP) government has signed a memorandum of understanding (MoU) with the US-based Austin University for the construction of a Smart City of Knowledge in the state. Request Free Sample Copy of this Report@ https://wemarketresearch.com/reports/request- free-sample-pdf/iot-in-public-safety-market/835 Austin University will invest $42 billion for smart city project in Uttar Pradesh. Immense focus on upgrading the public safety measures by the government is anticipated to provide a lucrative scope for the global IoT in public safety market. Increasing criminal activities globally has made the government to increase the security measures, thereby creating fertile base for the market. In September 2022, Governor Kathy Hochul today announced $50 million in State funding to invest in new technologies and equipment for local law enforcement agencies and support a continuum of pretrial services. Administered by the New York State Division of Criminal Justice Services, $30 million will be dedicated for new technologies and body-worn cameras for local law enforcement agencies. Segmental Analysis IoT in Public Safety market scope primarily covers the segmental analysis in terms of component, platform, application, media, messaging and verticals. In terms of application the market is segmented as follows: emergency communication and incident management, critical infrastructure management, surveillance and security, public warning system and other. Surveillance and safety accounts for around 35% share in the market mainly backed by rapid adoption those in transportation, law enforcement, defense, and among others, are adopting mobile video surveillance more frequently. At any industrial facility, security is a prerequisite for increasing output and maintaining quality standards. The need for video monitoring has increased throughout industrial and manufacturing facilities in order to maintain this. Apart from industrial and manufacturing, transportation industry is another vertical which is expected to bolster market over the forecast period. The necessity for monitoring in the general transportation system has increased due to rising crime rates, vandalism, harassment, and threats related to terrorism which is anticipated to drive the market growth over the projected period. Competitive Landscape

3. Some of the major companies operating in the global market are listed as follows: IBM, Hitachi Vantara, NEC, Microsoft Corporation, Cisco systems, Sierra Wireless, Telit, West Corporation, Nokia Networks, Huawei, Intellivision, Star Controls, Carbyne, Securens, Smartcone technologies, ESRI, Tibbo systems, Cityshob and others. Segments By Component • Platform • Software • Services By Media • Picture • Video By Messaging • SMS • MMS • Web By Platform • Device Management • Application Management • Network Management By Application • Emergency Communication and Incident Management • Critical Infrastructure Security • Surveillance and Security • Public Warning System • Others By Vertical • Smart Building and Automation

4. • Smart Utilities • Smart Healthcare • Smart Manufacturing • Smart Transportation • Others About We Market Research: WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep-rooted market studies and insightful analysis of different markets. Contact Us: We Market Research Phone: +1(650)-666-4592 Email: sales@wemarketresearch.com Web: https://wemarketresearch.com/