Industry Background:
After the concept of IoT was first introduced in the year 2009, it has become a widespread phenomenon in all spheres of life. The Internet of Things (IoT) is the network of physical devices and connectivity that enables objects to connect to one another, to the Internet, and exchange data amongst themselves. According to sources, 2020 more than 26 billion devices would be connected to the Internet. As these devices become more pervasive in our everyday life, they will change the way societies operate. The potential use of IoT in public safety is the rising usage of wearable sensors on police uniforms. For instance, the use of gun holster sensors and body cameras helps to improve their accountability. The growing acceptance of data gathered through smart devices has also expanded the prospects of the market. The rising number of terrorist attacks, especially in public places, and the growing number of natural calamities, notable floods, are factors bolstering the demand for IoT technologies in developing and developed countries. the relative distribution of IoT solutions in the different sectors among the studied municipalities. a little more than 50% of the reported solutions were implemented within the transportation and infrastructure sectors. Together with the utilities and environmental monitoring sectors, these four accounted for almost 75% of implemented IoT solutions.
According to AMA, the market for IoT (Internet of Things) for Public Safety is expected to register a CAGR of 15.9% during the forecast period to 2026. This growth is primarily driven by Increasing Number of Smart City Initiatives Across the Globe and Threats to National Security and Public Safety.
Globally, a noticeable market trend is evident Increasing Adoption of Ml and Ai-Based Public Safety Solutions
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Hitachi Vantara (United States), NEC (Japan), Microsoft (United States), Cisco Systems (United States), Nokia Networks (Finland), Sierra Wireless (Canada), Telit (United Kingdom) and West Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
n November 2018, NEC Corporation announced the launch of the Smart Billing(R) platform for the support of subscription business models. and In September 2018, Iskratel deployed the IoT-based Incident-Response Management solution for Slovenian Railways.
Market Drivers
- Increasing Number of Smart City Initiatives Across the Globe
- Threats to National Security and Public Safety
Market Trend
- Increasing Adoption of Ml and Ai-Based Public Safety Solutions
- Growing Demand for Unmanned Devices and Remote Surveillance
Restraints
- Budget Constraints for Deploying Smart Devices
Opportunities
Growing Adoption of the IoT Technology Across Verticals and Upgradation of the Public Safety Infrastructure
Challenges
Lack of Experienced and Qualified Workforce for Public Safety
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, IoT (Internet of Things) for Public Safety Study Sheds Light on
The IoT (Internet of Things) for Public Safety Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the IoT (Internet of Things) for Public Safety industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where IoT (Internet of Things) for Public Safety industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.