The growing use of M2M and IoT technologies in communication networks, surveillance systems, and biometric and authentication systems is boosting the growth of the IoT for the public safety market. The advances in IoT platforms, mainly with respect to the security and safety of smart devices, have been underpinning new, exciting avenues in the IoT for the public safety market. The advent of integrated IoT platforms has unlocked rewarding prospects in the market.
MARKET SCOPE
The "Global IoT for Public Safety Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the IoT for public safety market with detailed market segmentation by component, application, vertical, and geography. The report provides key statistics on the market status of the leading IoT for public safety market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the market is segmented into platform, solution, and services
- Based on application, the market is segmented into emergency communication and incident management, critical infrastructure security, surveillance and security, and disaster management.
- Based on vertical, the market is segmented into smart building and home automation, homeland security, smart utilities, smart healthcare, smart manufacturing, smart transportation, and others.
Drivers
- The increasing number of terrorist attacks, particularly in public places, and the increasing number of natural calamities, notable floods, are some of the significant factors driving the growth IoT for public safety market.
- Growing adoption of IoT as one of the key frameworks of smart cities in numerous countries is boosting the IoT for public safety market.
- Lack of awareness may hinder the growth of the IoT for public safety market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The IoT for public safety market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the IoT for public safety market in these regions.
IMPACT OF COVID-19 ON IOT FOR PUBLIC SAFETY MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the IoT for public safety market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the IoT for public safety market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the IoT for public safety market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Cisco Systems, Inc.
- Hitachi Vantara Corporation
- IBM
- Intrado Corporation
- Microsoft
- NEC Corporation
- Nokia
- Sierra Wireless
- SMARTCONE TECHNOLOGIES, INC.
- Telit