Global IoT for Public Safety Market is valued USD 734 million in 2016 is anticipated to grow USD 2.84 billion with the compounded annual growth of 16.22% over the forecast period 2018-2025.
New York 26 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global IoT for Public Safety market industry is poised to raise USD 2.84 billion by 2025. The major factors expected to augment the market are escalating no. of threats to national security & public safety, rising requirements for unmanned devices & remote surveillance, growing espousal of public safety solutions based on ML and AI, and escalating number of smart city initiatives across the globe. However, one of the major restraints holding the market is budget constraints for deploying smart devices.
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Global IoT for Public Safety Market Size Study By Component (Platform, Services, and Solution), By Application (Critical Infrastructure Security, Surveillance & Security, Emergency Communication & Incident Management, and Disaster Management), By Vertical, and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include IBM, Hitachi Vantara, NEC, Microsoft, Cisco Systems, Sierra Wireless, Telit, West Corporation, Nokia Networks, Throughtek, Iskratel, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Device Management
- Network management
- Application management
- Critical Infrastructure Security
- Surveillance & Security
- Emergency Communication & Incident Management
- Disaster Management
- Smart Utilities
- Smart Building and Home Automation
- Smart Manufacturing
- Homeland Security
- Smart Transportation
- Smart Healthcare
- North America
- Asia Pacific
- Latin America
- Rest of the World