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IoT in Public Safety Market Analysis 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) By Vertical(Smart Building and Automation, Smart Utilities, Smart Healthcare, Smart Manufacturing, Smart Transportation) & Forecast By 2031

  • PUBLISHED ON
  • 2024-07-10
  • NO OF PAGES
  • 231
  • CATEGORY
  • Information Communication & Technology
Industry Overview

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.

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.

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.

Drone based surveillance and monitoring has anticipated to create a long term impact on the market, as both public and private players has been keenly investing in the development and commercialization of drones for safety purpose , thereby creating a lucrative opportunity for the market during the forecast period.

From the past five years, it has been clearly observed that there has been a linear investment trend in drone and unmanned aerial devices. For instance, FLIR Systems has invested an undisclosed amount in DroneSense.

DroneSense provides comprehensive drone piloting, management and system of record for first responders. Further, FLIR system announced that it will invest in unmanned aerial surveillance systems for government customers.

Below figure depicts the most in demand use case for drone based surveillance, that is creating a wider landscape propelling the growth of global IoT in public safety market:

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.

Regional Analysis

IoT in Public Safety market primarily covers the study of North America, Europe, APAC, South America and Middle East. North America leads the market with an active market share of 41% in 2021. Various IoT based use case have been implemented within the region, one of them is as follows: a school in the US has implemented a new sensor and analytics technology based on a series of deadly school shootings across the country.

The security camera that has been installed in the passage could visualize the presence of a handgun. After detecting the gunshot, the system sends an alert message to the school system-monitoring center that takes action.

When detecting such an emergency, the alarm pull stations at the school are automatically disabled to prevent evacuation of students into open areas. If the gunman ran to another building, an update on his location will be sent to the system.

Besides North America, Middle East region is also moving towards developing smarter and safer cities driven by various national transformation strategies. Huawei is primarily engaged in deploying IoT networks and system for public safety. For instance, Huawei partnered with SamTech Middle East to develop a connected-vehicle solution to improve connectivity, safety and comfort across various forms of transport, including buses, taxis and trucks.

The connected-vehicle solution features in-vehicle video surveillance, accurate passenger tracking, emergency services communication, real-time vehicle health data analysis and a range of multimedia passenger entertainment services.

Competitive Landscape

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
• Smart Utilities
• Smart Healthcare
• Smart Manufacturing
• Smart Transportation
• Others

 Market Regional Analysis

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global IoT in Public Safety market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the market size and growth projections?

Global 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.

What are the drivers shaping various markets?

Immense focus on public safety and social condition of people’s lives is acting as a primary driver in propelling the market growth. Apart from safety, other important factor that is contributing in the market growth is increasing smart city initiatives across the world. 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.

Who are the key competitors of market Players?

Some of the major players operating within the market are 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.

What are the top performing segments, and countries / regions of each of the markets?

The countries covered in the regional analysis of the Global IoT in Public Safety market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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