Natural Disaster Detection IoT Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast By 2033
- PUBLISHED ON
- 2024-06-01
- NO OF PAGES
- 280
- CATEGORY
- Information Communication & Technology
The global Natural Disaster Detection IoT Market size was valued at USD 0.56 billion in 2022, and is projected to reach USD 1.57 billion by 2033 at a CAGR of 33.5% from 2022 to 2033.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 560 million |
Market Forecast in 2033 | USD 1,570 million |
CAGR % 2023-2033 | 33.5% |
Base Year | 2022 |
Historic Data | 2018-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | IBM Corporation, Microsoft Corporation, Hitachi Ltd., Honeywell International Inc., Sierra Wireless Inc., Ericsson AB, Bosch Sensortec GmbH, PT Adaro Energy Tbk, Develco Products A/S, Phoenix Contact GmbH & Co. KG, New Cosmos Electric Co. Ltd., Schneider Electric SE, Waviot, Intellinium, Kerlink SAS, |
Natural Disaster Detection IoT Market for natural disaster detection IoT is expected to grow significantly in the coming years, driven by increasing occurrences of natural disasters, growing demand for real-time data and analytics, and advancements in IoT technology.
• Increasing adoption of smart city solutions: Governments and municipalities around the world are increasingly investing in smart city solutions, which include IoT technology for natural disaster detection and response. These solutions provide real-time data and analytics to improve decision-making and response times during disasters.
• Increasing demand for cloud-based solutions: Cloud-based solutions offer several benefits for natural disaster detection IoT, including scalability, flexibility, and accessibility. These solutions can be accessed from anywhere, enabling remote monitoring and management of natural disaster detection systems.
• Rising investments in research and development: Governments and private organizations are investing heavily in research and development of natural disaster detection IoT technology. This investment is expected to drive innovation in Natural Disaster Detection IoT Market and lead to the development of new and advanced solutions.
Overall, the Natural Disaster Detection IoT market presents significant opportunities for technology providers, governments, and other organizations to improve disaster response and management through the use of IoT technology.
Growing severity of natural disasters worldwide is propelling Natural Disaster Detection IoT Market growth
One driving factor of the Natural Disaster Detection IoT market is the increasing frequency and severity of natural disasters worldwide. With climate change leading to more extreme weather events such as hurricanes, floods, wildfires, and earthquakes, there is a growing need for real-time monitoring and early warning systems to help mitigate the impact of these disasters.
Geography:
It is difficult to determine which region dominates the Natural Disaster Detection IoT market as Natural Disaster Detection IoT Market is still emerging and there is no comprehensive data available.
Impact of COVID-19 on the global Natural Disaster Detection IoT Market:
The impact of COVID-19 on the Natural Disaster Detection IoT market has been mixed. On the one hand, the pandemic has highlighted the importance of early warning systems and disaster management solutions, and has led to increased investment in these technologies.
Impact of the Russia-Ukraine War on the global Natural Disaster Detection IoT Market:
The ongoing conflict between Russia and Ukraine can have potential impacts on various markets, including the Natural Disaster Detection IoT market. The conflict has the potential to disrupt supply chains and cause delays in the development and deployment of IoT solutions in the region.
Company Profiles:
• IBM Corporation
• Microsoft Corporation
• Hitachi Ltd.
• Honeywell International Inc.
• Sierra Wireless Inc.
• Ericsson AB
• Bosch Sensortec GmbH
• PT Adaro Energy Tbk
• Develco Products A/S
• Phoenix Contact GmbH & Co. KG
• New Cosmos Electric Co. Ltd.
• Schneider Electric SE
• Waviot
• Intellinium
• Kerlink SAS
Segmentation:
By Application, Natural Disaster Detection IoT Market can be segmented into:
• Emergency response management
• Damage assessment
• Search and rescue
• Disaster recovery
• Others
By solution, Natural Disaster Detection IoT Market can be segmented into:
• Hardware
• Software
• Services
Region
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
South America
• Brazil
• Argentina
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
Quality Assurance Process
- 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:
- Project kickoff meeting with client
- Conduct frequent client communications
- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
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?
The global Natural Disaster Detection IoT Market size was valued at USD 0.56 billion in 2022, and is projected to reach USD 1.57 billion by 2033 at a CAGR of 33.5% from 2022 to 2033.
What are the drivers shaping various markets?
Increasing adoption of smart city solutions: Governments and municipalities around the world are increasingly investing in smart city solutions, which include IoT technology for natural disaster detection and response. These solutions provide real-time data and analytics to improve decision-making and response times during disasters.
Who are the key competitors of market Players?
Some of the major players operating within the market are IBM Corporation, Microsoft Corporation, Hitachi Ltd., Honeywell International Inc., Sierra Wireless Inc., Ericsson AB, Bosch Sensortec GmbH, PT Adaro Energy Tbk, Develco Products A/S, Phoenix Contact GmbH & Co. KG, New Cosmos Electric Co. Ltd., Schneider Electric SE, Waviot, Intellinium, Kerlink SAS.
What are the top performing segments, and countries / regions of each of the markets?
Asia Pacific, North America, and Europe are expected to be the major markets for natural disaster detection IoT solutions. These regions have witnessed a significant increase in natural disasters in recent years and governments in these regions are investing heavily in advanced technologies such as IoT to better detect, manage, and respond to these disasters.
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