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Global +$2 Billion IoT for Public Safety Market by Component, Application, Vertical Market and Region - Forecast to 2023 - ResearchAndMarkets.com

July 5, 2018

DUBLIN--(BUSINESS WIRE)--Jul 5, 2018--The “IoT for Public Safety Market by Component (Platform, Solution, and Services), Application (Emergency Communication & Incident Management, Surveillance & Security, and Disaster Management), Vertical Market, and Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

The global IoT for public safety market size is expected to grow from USD 979 million in 2018 to USD 2,045 million by 2023, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period.

Growing number of smart city projects driving the critical need for reliable public safety solutions and services and an increasing demand for unmanned devices and remote surveillance are expected to drive the global IoT for public safety market. However, budget constraints for deploying smart devices are anticipated to restrain the growth of the IoT for public safety market.

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 public safety market.

The IoT for public safety by vertical covers smart building and home automation, homeland security, smart utilities, smart healthcare, smart manufacturing, smart transportation, and others (smart retail and smart education).

Market Dynamics

Drivers

Increasing Number of Smart City Initiatives Across the Globe Threats to National Security and Public Safety 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 Upgradation of the Public Safety Infrastructure

Challenges

Management and Storage of Large Volumes of Unstructured Data Lack of Experienced and Qualified Workforce for Public Safety

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 IoT for Public Safety Market, By Component

7 Market By Platform

8 IoT for Public Safety Market, By Service

9 Market By Application

10 IoT for Public Safety Market, By Vertical Market

11 IoT for Public Safety Market, By Region

12 Competitive Landscape

13 Company Profiles

Carbyne Cisco Systems Cityshob Cradlepoint ESRI Endeavour Technology Hitachi Vantara IBM Intellivision Iskratel Kova Microsoft NEC Nokia Networks Sayvu Securens Sierra Wireless Smartcone Technologies Star Controls Telit Throughtek Tibbo Systems West Corporation X-Systems Yardarm Technologies

For more information about this report visit https://www.researchandmarkets.com/research/k8xsmn/global_2?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180705005540/en/

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Related Topics:Homeland Defense,Internet of Things and M2M

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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/05/2018 03:11 PM/DISC: 07/05/2018 03:10 PM

http://www.businesswire.com/news/home/20180705005540/en

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