IoT for Public Safety Market Share, Growth & Forecast [2031]

Report Description

The Global IoT for Public Safety Market size was valued at USD 1.68 Billion in 2022 and is expected to surpass USD 5.96 Billion by 2031, expanding at a CAGR of 15.1% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing number of attacks and growing concern regarding public safety and national security.

The Internet of Things (IoT) is defined as a system or a network of connected devices, machines, objects, and others with the ability to communicate and transfer data and information among each other. IoT-enabled smart devices use embedded systems, sensors, processors, and other communication hardware that facilitates these devices to send, receive, and gather data without the requirement of human-to-human or human-to-computer interaction.

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These IoT devices such as security cameras, exercise equipment, television, and others are embedded with computing ability through sensors, chips, and others. These sensors, chips, and others gather important information from their environments such as usage patterns, user inputs, and others. The gathered data and information are communicated over the internet from IoT applications of these devices.

An IoT application is a collection of software and services that integrates information received from various IoT devices. The application uses advanced technologies such as artificial intelligence and machine learning. These technologies facilitate the IoT application to analyze the collected data and form informed decisions. The decisions are communicated to the IoT-enabled devices that carry out the instructions according to the input.

The adoption of IoT technology and IoT-enabled devices within several industries, organizations, and companies offer several benefits to them. Such devices aid in monitoring overall manufacturing and business process, making informed business decisions, improving productivity, enhancing the consumer experience, and others.

IoT applications and devices make urban planning and infrastructure maintenance efficient. Such IoT devices are used to tackle infrastructure, health, and environmental issues in smart cities. Such devices aid in measuring air quality & radiation levels, detecting a need for maintenance in critical infrastructures, efficient parking management, and others. IoT devices are increasingly adopted in various industrial applications such as smart manufacturing, smart digital supply chains, smart utilities, smart transportation, and others.

Public security and safety agencies and organizations such as emergency management, emergency medical services, fire department, law enforcement, and others are increasingly adopting new and innovative technologies to enhance and transform public safety applications. The wide adoption of IoT-enabled equipment and devices facilitates these agencies to provide essential safety services to the public. IoT technology is integrated into smart streetlights, smart intersections, smart buildings, smart emergency vehicles, smart traffic lights, and others.

Smart cities and smart buildings adopt IoT devices to provide every safety and security agency with a complete and shared view of emergency situations and connect smart systems to social media, news feeds, and others. Increasing adoption of IoT for public safety solutions aid governments in breaking walls between various safety departments, sharing information between those departments, keeping everyone in a community on the same page, aiding policymakers in making informed decisions, and others.

COVID-19 Impact on Global IoT for Public Safety Market

The COVID-19 pandemic situation affected the global IoT for public safety market positively. The pandemic situation resulted in the lockdown, social distancing policies, travel bans, and other restrictions. The adoption of IoT-based devices and equipment increased in several sectors during the pandemic. These devices and equipment were used to enhance the safety and security of various organizations and their employees.

The IoT-enabled systems were widely adopted in sectors such as healthcare, manufacturing, utilities, government, and others. Increased usage of thermal cameras, monitoring devices, IoT sensors, and other security equipment that provide safety and security

Global IoT for Public Safety Market Dynamics

The market research report presents a complete global IoT public safety market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The IoT for public safety market report has up-to-date insights about market dynamics and market scenarios that can shape the overall market performance and output during the forecast period, 2022 to 2030.

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Major Trends: An increasing number of smart city projects is one of the key market trends

There is a surge in the number of smart city projects carried out across the globe, especially in developing countries. IoT- enabled surveillance systems, technologically advanced communication networks, advanced cameras, and other IoT-based equipment and devices are being widely integrated into smart city projects across developing countries. This is one of the current major trends in the global IoT for public safety market.

Key Drivers: Growing need for public security and safety solutions fuels the global IoT for public safety market

The growing number of terrorist attacks, illegal activities, and other social security concerns have propelled the demand for technologically advanced public safety and security solutions such as unmanned aerial devices, surveillance devices, wearable devices, advanced cameras, and others. The growing cases of natural calamities and disasters pose threats to public safety and security.

The increasing number of supportive government policies and adoption of IoT-based devices to improve public safety against any security and safety threats is expected to drive the global IoT for public safety market during the forecast period.

Key Drivers: Continuous technological advancements and innovations drive the global IoT for public safety market

Constant innovations and advancements in IoT technology and IoT-based devices offer innovative safety and security solutions across the globe. Increasing adoption and implementation of advanced technologies and IoT-based equipment facilitate governments in enhancing public safety and security, companies to provide safety solutions to their workers, and others. Technological advancements and innovations are projected to spur the IoT for public safety market in the coming years.

Key Drivers: Increasing adoption of artificial intelligence and machine learning in safety and security solutions boosts the global IoT for public safety market

The increasing adoption of artificial intelligence and machine learning into IoT-enabled equipment and devices offers several benefits such as security, flexibility, scalability, and others to the various applications of IoT-enabled devices. Rising usage of traffic cameras, surveillance cameras, smartphones, and other artificial intelligence-based security solutions aid governments in tracking, predicting, and preventing illegal activities and crimes across the globe.

The adoption of artificial intelligence and machine learning in such devices offers innovative safety and security solutions, which are expected to drive the global IoT for public safety market during the forecast period.

Existing Challenges: High costs associated with IoT-enabled devices hamper the global IoT for public safety market growth

The high deployment cost of IoT-enabled smart devices is estimated to restrain the global IoT for public safety market growth during the forecast period. Implementation of open interfaces, following device certification procedures, and adhering to standards of data deployment, and others require skilled professionals that add to the cost of the integration of IoT-based equipment. The high cost associated with IoT-enabled equipment and devices hinders the global market growth.

Emerging Opportunities: Wide adoption of IoT-enabled equipment among various industries offers growth opportunities

Several industries such as healthcare, manufacturing, government, automation, and others are increasingly adopting IoT technology and IoT-enabled equipment. Continuous technological developments in IoT and IoT-enabled devices offer several features such as strong connectivity among devices, an automated notifications system, detection of real-time activities, and others. Increasing demand for IoT-enabled equipment and devices for safety and security concerns in various industries leads to their wide adoption, which creates lucrative growth opportunities for market players.

Scope of IoT for Public Safety Market Report

The report on the global IoT for public safety market includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the global IoT for public safety market report.

IoT for Public Safety Market Segment Insights

Services segment registers growth

In terms of components, the global IoT for public safety market is divided into software [public safety monitoring software, security access software, and others], hardware [smart cameras, IoT sensors, public safety devices, and others], and services [infrastructure management services, device management services, and others]. The services segment is expected to drive the global IoT for public safety market during the forecast period, owing to increasing preferences for IoT-enabled emergency services among public safety agencies and law enforcement organizations.

A high number of public safety companies or vendors provide IoT integrated service packages, including software packages, to their consumers. Public sectors, low and enforcement bodies, and governments are increasingly realizing the importance of integrating IoT into public safety services and widely adopting these services such as infrastructure management services to overcome security and safety challenges. These are the key factors boosting the services segment growth.

Surveillance & security segment holds a key market share

Based on applications, the global IoT for public safety market is segregated into disaster management, surveillance & security, incident management & emergency communication, critical infrastructure security, and others. The surveillance & security segment is projected to expand rapidly during the forecast period, due to increasing safety concerns and rising demand for surveillance devices across the globe.

Surveillance & security systems are increasingly incorporated into innovative and enhanced security cameras, monitors, surveillance software, and others in form of IoT platforms, video analytics, and video generic applications. IoT platforms aid in collecting, analyzing, and providing data taken from these surveillance devices to public safety agencies. These agencies use the data for responding to emergencies and preventing any security threats. These are the major factors, which boost the surveillance & security segment growth.

The disaster management segment is anticipated to expand in the coming years, due to growing cases of natural disasters causing economic loss. Several governments are increasingly adopting and implementing disaster management systems across several regions to receive early warning of approaching natural disasters to prepare for them in time. These are some of the key factors spurring the disaster management segment growth.

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Smart healthcare segment witnesses significant growth

On the basis of end-users, the global IoT for public safety market is divided into smart healthcare, smart utilities, smart manufacturing, smart building & home automation, smart transportation, smart retail, and others.

The smart healthcare segment is estimated to register significant growth during the forecast period, as an increasing number of healthcare professionals are using IoT-enabled monitoring applications to monitor patients suffering from chronic conditions. Such applications aid healthcare professionals in achieving improved patient outcomes. The rising popularity of IoT-based applications and wide adoption of such applications in the healthcare sector boosts the segment growth.

North America to dominate the market

In terms of regions, the global IoT for public safety market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to register a high CAGR during the forecast period, owing to the growth trends of smart city projects in the region.

The law enforcement sector in developed countries in the region such as the US is continuously growing with several largest public safety and security institutions in the world such as the Department of Homeland Security (DHS), National Institute of Public Safety, National Security Agency (NSA), and others. The US government focuses on developing and adopting innovative and advanced surveillance and safety technologies including IoT. The growing adoption of IoT for security and safety applications in North America facilitates the expansion of the market in the region.

The market in Asia Pacific is anticipated to expand in the coming years, owing to rapid urbanization in the region. Increasing population and rapid urbanization in countries such as India propel the necessity of public safety and security in the region. Technological advancements, growing threats of natural calamities and terrorist attacks, and increasing government initiatives supporting the implementation of IoT and other advanced technologies in public safety infrastructure are the major factors fueling the market growth in Asia Pacific.

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