IoT In Public Safety Global Market Report 2024

IoT in public safety involves the utilization of computer vision in conjunction with cameras, microphones, and sensors to collect information about traffic, accidents, and crime. It aims to enhance urban mobility by analyzing traffic conditions and is instrumental in recording and examining traffic patterns, identifying risks, and issuing warnings about impending accidents.

The main types of IoT in public safety include surveillance systems, incident management and response, disaster management, security systems, and various other types. Surveillance systems incorporate networked smart cameras and programs capable of processing visual data without the need for human intervention, enabling the adoption of automated operations. The components involved in IoT public safety systems include software, hardware, and services. These systems find applications in the government and public sector, transportation, healthcare, retail, education, manufacturing, and various other end-user industries.

The IoT in Public Safety Market Research Report is one of a series of new reports that provides IoT in Public Safety market statistics, including IoT in public safety industry global market size, regional shares, competitors with IoT in Public Safety market share, detailed IoT in Public Safety market segments, market trends and opportunities, and any further data you may need to thrive in the IoT in Public Safety industry. This IoT in Public Safety Market Research Report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The iot in public safety market size has grown rapidly in recent years. It will grow from $3.07 billion in 2023 to $3.6 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The expansion observed in the historical period can be attributed to the growing need for improved emergency response, the expansion of smart cities initiatives, the integration of IoT in video surveillance, the adoption of wearable devices for first responders, and an emphasis on predictive policing and crime prevention.

The iot in public safety market size is expected to see rapid growth in the next few years. It will grow to $6.85 billion in 2028 at a compound annual growth rate (CAGR) of 17.5%. The anticipated growth in the forecast period can be attributed to the expansion of IoT-enabled traffic management and control, increased adoption of drones for surveillance and response, the wider integration of IoT in disaster management, and a heightened emphasis on health and safety monitoring in public spaces. Major trends expected during this forecast period include the integration of artificial intelligence in IoT for public safety, the development of IoT-based emergency communication systems, the utilization of IoT for environmental monitoring and air quality, the integration of 5G networks for enhanced connectivity, and increased collaboration between public and private sectors for IoT implementation in public safety initiatives.

The growing prevalence of criminal activities is fueling the demand for the IoT in the public safety market. Criminal activities encompass various behaviors contributing to or resulting in physical or mental harm. IoT plays a pivotal role in assessing the occurrence and patterns of crimes, employing a data-driven approach crucial for crime anticipation. According to The Bureau of Justice Statistics (BJS), the violent victimization rate surged from 16.5 per 1,000 persons in 2021 to 23.5 per 1,000 in 2022, highlighting the need for enhanced public safety measures. The rise in criminal activities is anticipated to drive the growth of the IoT in the public safety market.

The increasing need for advanced public safety solutions is poised to propel the expansion of the IoT in the public safety market. Advanced public safety solutions encompass cutting-edge technologies, strategies, and systems designed to optimize public safety and security. IoT-connected surveillance cameras and smart city infrastructure offer continuous monitoring and surveillance capabilities. In Hyderabad, India, with 36.52 cameras per 1,000 residents in 2021, the city's heavy monitoring contributed to a significant decline in criminal activities, showcasing the efficacy of advanced public safety solutions. The escalating demand for these solutions is expected to drive the growth of the IoT in the public safety market.

A notable trend in the IoT in the public safety market is the increasing adoption of machine learning (ML) and AI-based public safety solutions. ML and AI-based solutions leverage advanced AI practices and techniques, enhancing decision-making and predictive capabilities for improved public safety. Major players in this sector, such as Seeed Studio, are actively promoting the adoption of ML and AI-based public safety solutions. Seeed Studio's launch of AI and IoT solutions, including sensors for digitalization purposes and EdgeAI for real-world applications, exemplifies the integration of machine learning for effective real-time inference.

Strategic partnerships and collaborations are shaping the landscape of the IoT in the public safety market. Key players in this market are forging partnerships to leverage combined resources, expertise, and capabilities to achieve common goals more effectively. For instance, Cisco Systems, Inc., collaborated with Verizon Business on a successful proof-of-concept demo in Las Vegas, demonstrating the potential of cellular and mobile edge compute (MEC) technology for autonomous driving solutions. This collaboration aligns with broader goals to leverage technology for enhanced public safety, reduced accidents, and improved emergency responses.

In February 2022, Forescout Technologies acquired CyberMDX, positioning itself at the forefront of the Internet of Medical Things (IoMT) device security industry. This acquisition enhances Forescout's visibility into medical devices, advancing its capabilities in healthcare IoT security solutions. CyberMDX's expertise contributes to Forescout's commitment to strengthening security measures in the IoT landscape.

Major companies operating in the in the iot in public safety market report are International Business Machines Corporation, Hitachi Vantara Corporation, NEC Corporation, Microsoft Corporation, Cisco Systems Inc., Sierra Wireless, Telit Communications Ltd., Intrado Life & Safety Inc., Nokia Networks, ThroughTek Co. Ltd., Kontron d. o. o., Intellivision, Star Controls Engineering Co. Ltd., Huawei Technologies Co. Ltd., Securens Systems Pvt. Ltd., Intel Corporation, Kova Group Ltd., Esri Inc., Tibbo Systems, Endeavour Technology Ltd., X-Systems Inc., Yardarm Technologies Inc., CityShob Software LTD., Aeris Communications India Pvt. Ltd., Caverion Corporation, Dallmeier Electronic GmbH & Co., Digital Barriers, Elbit Systems Ltd., Telefonaktiebolaget LM Ericsson, Genetec Inc., Honeywell International Inc.

North America was the largest region in the IoT in public safety market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot in public safety market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the iot in public safety market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

IoT in public safety includes revenues earned by entities by providing smart utilities, smart manufacturing, smart healthcare, smart buildings, home automation, and homeland security. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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