IoT In Public Safety Market
What industry-specific factors are fueling the growth of the iot in public safety market?
The rise in criminal activities is fueling the need for IoT in the public safety market. Criminal activities encompass any physical actions or mental intentions that result in crime. By predicting the occurrence and prevalence of crimes, IoT plays an instrumental role, with its data-driven approach fundamental in crime forecasting. For example, The Bureau of Justice Statistics (BJS), a US governmental agency, reported in September 2023 that the rate of violent victimization rose from 16.5 victimizations per 1,000 individuals in 2021 to 23.5 per 1,000 in 2022. Similarly, motor vehicle theft victimization climbed from a rate of 4.3 victimizations per 1,000 households in 2021 to 5.5 per 1,000 in 2022. Consequently, the growth of criminal activities is pushing the expansion of the IoT in the public safety market.
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What Is the projected market size and growth rate for the iot in public safety market?
In recent times, there has been a significant expansion in the market size of IoT in public safety. From 2024 to 2025, it is projected to escalate from $3.52 billion to $4.09 billion, representing a compound annual growth rate (CAGR) of 16.2%. This upward trend during the historical period is linked to various factors such as the increasing demand for enhanced emergency responses, the growth of smart city initiatives, the integration of IoT in video monitoring, the use of wearable technology by first responders, and a heightened focus on predictive policing and crime prevention.
The market size for IoT in public safety is projected to expand swiftly in the forthcoming years, with an anticipated value of $8.21 billion in 2029, heralding a compound annual growth rate (CAGR) of 19.0%. This expected increase during the forecast period can be credited to the rising use of IoT in traffic control and management, the growing usage of drones for surveillance and response tasks, the broadening of IoT applications in disaster management, and the focus on monitoring health and safety in public areas. Several trends set to shape the forecast period include incorporating artificial intelligence into IoT systems for public safety, creating emergency communication systems based on IoT, utilizing IoT for tracking environmental conditions and air quality, the introduction of 5g networks for superior connectivity, and cooperative efforts between public and private sectors for the deployment of IoT.
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What new trends are reshaping the iot in public safety market and its opportunities?
The surge in the use of machine learning (ML) and AI-powered public safety solutions is an emerging trend in the IoT in public safety market. These solutions utilize top-tier AI methodologies and strategies to boost public safety, as well as using ML and deep neural networks for more precise decision-making and forecasting. Major contributors in the IoT in public safety industry are escalating the use of ML and AI-supported public safety solutions to maintain their market position. For instance, in March 2022, Seeed Studio, a company based in China developing IoT hardware, debuted AI and IoT solutions, including sensors for complete digitization and EdgeAI for real-life applications. Thanks to the extra-low-power machine learning that runs the SenseCAP sensors, it can continuously infer using visuals and sound. Seeed has also launched 2 series of Edge Computing devices, fueled by Nvidia Jetson, allowing immediate data collection and inference which aids in applying more AI-based solutions in real-life scenarios.
What major market segments define the scope and growth of the iot in public safety market?
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
Subsegments:
1) By Surveillance Systems: Video Surveillance, Smart Cameras, Drone Surveillance
2) By Incident Management And Response: Real-Time Tracking Systems, Communication Tools, Automated Reporting Systems
3) By Disaster Management: Early Warning Systems, Emergency Response Planning, Resource Management
4) By Security Systems: Access Control Systems, Intrusion Detection Systems, Environmental Monitoring
5) By Other Types: Traffic Management Solutions, Crowd Management Systems, Health And Safety Monitoring
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Which region dominates the iot in public safety market?
North America was the largest region in the IoT in public safety market in 2024.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
Which key market leaders are driving the iot in public safety industry growth?
Major companies operating in the IoT in public safety market include 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.
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What Is Covered In The IoT In Public Safety Global Market Report?
•Market Size Forecast: Examine the iot in public safety market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the iot in public safety market for a structured understanding.
•Key Players Overview: Analyze major players in the iot in public safety market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the iot in public safety market.
•Segment Contributions: Evaluate how different segments drive overall growth in the iot in public safety market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the iot in public safety market.
•Industry Challenges: Identify potential risks and obstacles affecting the iot in public safety market.
•Competitive Landscape: Review strategic developments in the iot in public safety market, including expansions, agreements, and new product launches.
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