Global IoT for Public Safety Market – Global Industry Analysis and Forecast (2016-2024)
Global IoT for Public Safety Market has changed the paradigm of safety and security in public areas. The million dollar industry have monitored growth and will likely progress at a double-digit CAGR, making the leap from million to billion dollar industry in the next ten years. IoT is revolutionizing the public safety by delivering reliable and secure communication to the first responders and citizens.
As public safety and security remain the priority of the governments all across the world; ensuring the safety of citizens, organizations, and financial institutions from external threats forms an important area.
They heavily rely on the advanced public safety and security solutions, such as communication networks, surveillance systems, and biometric & authentication system, to safeguard citizens. In this situation, reliable IoT platform and solutions play a vital role to offer advanced safety and security smart devices, applications, and critical communication networks in case of critical emergencies.
The ability to connect everything means opportunities of not only improving response times for first responders during emergencies but also to engage across largely preventative measures for infrastructure problems in the future.
Here are five changes that first responders should expect to see in the very near future.
Services are evolving as an important aspect, as IoT for public safety stakeholders’ offer integrated services packages, along with application software packages to their commercial customers. Services are evolving as an important aspect, as vendors are offering integrated services packages, along with their public safety platforms and solutions. The public sector, including governments and law enforcement bodies, has realized the importance of IoT for public safety solutions and its associated services to overcome the safety and security challenges faced by citizens.
The IoT for public safety solutions helps minimize the impact of cyber-attacks, and natural disasters on the economy. Many states around the world have special public safety departments and agencies whose primary responsibility is to deploy IoT public safety solutions to limit the effects of criminal attacks and natural calamities.
The citizens are usually dependent on the government and public departments for their day-to-day safety and security requirements. The application segment comprises various applications such as emergency communication and incident management, critical infrastructure security, surveillance and security, and disaster management.
Among them, the surveillance and security application is one of the major application areas of the IoT for public safety, which holds a significant share in the overall IoT for the public safety market. Surveillance and security systems include several types of surveillance cameras, monitors, storage, and surveillance software, such as video analytics and video generic applications, and IoT platforms.
The IoT platform collects the data from these devices, analyzes the data, and provides this data to public safety agencies for preventing and responding in emergency situations.
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Global IoT for Public Safety Market Scope:
- By Component
- By Application
- By Vertical
Global IoT for Public Safety Market, Key Players:
- Cisco Systems
- West Corporation
- Nokia Networks
- Star Controls
- Sierra Wireless
- Yardarm Technologies
- Endeavour Technology
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