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The global IoT for Public Safety market is forecast to reach USD 2,621.8 Million by 2026, according to a new report by Reports and Data. According to the evaluation of the European Telecommunications Standards Institute, emergency calling, mission-critical communications to protect responder personnel or situational awareness, mission-critical logistics support, public warning systems, and automated emergency response are the five major applications of IoT in public safety.
As an instance, at the time of disaster, national or local authorities are needed to alert citizens. In such situations, with the help of IoT devices like connected road displays or billboards, bus stop displays, connected cars, and displays inside busses, citizens in the affected area can be provided with timely and accurate information. Thus with the help of such public warning systems, the damages associated due to the disaster can be significantly controlled. Therefore, IoT has varied areas of application in the domain of public safety, which is boosting the growth of the market.
In regards to region, Europe is observed to occupy a prominent market position. Factors like the rise in natural calamities in this region and the effectiveness of this system in identifying the threat of any calamity with the help of climate detection sensors and manage the situation effectively with the help of response solutions have resulted in its growing application in this region.
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Key participants include Hitachi Vantara, IBM, Microsoft, NEC, Sierra Wireless, Cisco Systems, Nokia Networks, West Corporation, Telit, and Throughtek.
For the purpose of this report, Reports and Data have segmented the global IoT for Public Safety market based on Component, Application, End-use, and region:
Component Type Outlook (Revenue, USD Million; 2016-2026)
Solution
Platform
Application Management
Device Management
Network Management
Services
Consulting Services
System Integration Services
Support and Maintenance Services
Application Type Outlook (Revenue, USD Million; 2016-2026)
Critical Infrastructure Security
Emergency Communication and Incident Management
Disaster Management
Surveillance and Security
End-use Type Outlook (Revenue, USD Million; 2016-2026)
Smart Utilities
Smart Building and Home Automation
Homeland Security
Smart Transportation
Smart Healthcare
Smart Manufacturing
Others
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Key Coverage of the Report:
Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects
Market segmentation by deployment type, authentication type, component, organization size, industry vertical
Regional and country-wise market size estimation for the forecast period (2019-2027)
Pricing strategies of the regional market players
Demand & supply gap analysis
Competitive landscape analysis
Market share analysis of the top market players
Strategic recommendations for new market entrants
Company profiling of the leading market players
Brief summary of the key strategies, financial positions, and recent developments of the leading companies
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