Press release
IoT for Public Safety Market Revenue to Decline During Coronavirus Disruption, Stakeholders to Realign Their Growth Strategies | NEC, Sierra Wireless, Cisco Systems, Nokia Networks, etc
The rise in smart city initiatives across the globe, Incidents of terrorist activities, and the growing incorporation of AI and Ml-based public safety solutions are some of the factors boosting the IoT for Public Safety market.
Market Size - USD 1,046.4 Million in 2018, Market Growth - CAGR of 11.2%, Market Trends - The growing incorporation of AI and Ml based public safety solutions.
The global IoT for Public Safety market is forecast to reach USD 2,621.8 Million by 2026, according to a new report by Reports and Data. According to the evaluation of the European Telecommunications Standards Institute, emergency calling, mission-critical communications to protect responder personnel or situational awareness, mission-critical logistics support, public warning systems, and automated emergency response are the five major applications of IoT in public safety.
As an instance, at the time of disaster, national or local authorities are needed to alert citizens. In such situations, with the help of IoT devices like connected road displays or billboards, bus stop displays, connected cars, and displays inside busses, citizens in the affected area can be provided with timely and accurate information. Thus with the help of such public warning systems, the damages associated due to the disaster can be significantly controlled. Therefore, IoT has varied areas of application in the domain of public safety, which is boosting the growth of the market.
This report covers the recent COVID-19 incidence and its impact on IoT for Public Safety. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
Request for Free Sample Report @ https://www.reportsanddata.com/sample-enquiry-form/2554
Key participants include Hitachi Vantara, IBM, Microsoft, NEC, Sierra Wireless, Cisco Systems, Nokia Networks, West Corporation, Telit, and Throughtek.
For the purpose of this report, Reports and Data have segmented the global IoT for Public Safety market based on Component, Application, End-use, and region:
Component Type Outlook (Revenue, USD Million; 2016-2026)
Solution
Platform
Services
Application Type Outlook (Revenue, USD Million; 2016-2026)
Critical Infrastructure Security
Emergency Communication and Incident Management
Disaster Management
Surveillance and Security
End-use Type Outlook (Revenue, USD Million; 2016-2026)
Smart Utilities
Smart Building and Home Automation
Homeland Security
Smart Transportation
Smart Healthcare
Smart Manufacturing
Others
The IoT for Public Safety market report highlights the regions, particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Fill the below Form and get the Discount on your Copy @ https://www.reportsanddata.com/discount-enquiry-form/2554
Further key findings from the report suggest
The IoT for Public Safety market held a market share of USD 1,046.4 Million in the year 2018 and forecasted to grow at a rate of 11.2% during the forecast period.
In regards to Component, the Platform segment generated the highest revenue of USD 481.4 Million in 2018, with a growth rate of 11.4% during the forecast period. The effectiveness of IoT Platforms in centrally controlling and monitoring every activity that occurs within an organization or a specific area have resulted in its elevated application for public safety and revenue generated by the segment.
In context to Application, the Surveillance and Security segment occupied the largest market share of 40.0% in 2018, with a growth rate of 10.9% during the forecast period. The market share held by the Surveillance and Security segment is attributed to the effectiveness of IoT platforms in gathering data from devices like surveillance cameras, evaluate these data, and disseminate these data to public safety agencies for avoiding emergencies. The mentioned factor have resulted in the elevated application of IoT platforms in surveillance and security.
In regards to End-use, the Smart Building and Home Automation segment is generated the highest revenue of USD 240.7 Million in 2018, with a growth rate of 11.2% during the forecast period. High emphasis on public safety in smart building and public safety being an integral component of this type of building has resulted in elevated used of IoT platforms for public safety in Smart Building and Home Automation, which contributes to the revenue generated by this segment.
In context to region, Asia Pacific is projected to witness the fastest growth rate of 11.8% during the forecast period. Factors like technological advancements, government initiatives like Digital India, and rising incidents of natural calamities contribute to the growth of the market in this region.
Access Full Report Details @ https://www.reportsanddata.com/report-detail/iot-for-public-safety-market
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Contact Us:
John Watson
Head of Business Development
Reports And Data
40 Wall St. 28th floor New York City,
United States, 10005
E-mail: sales@reportsanddata.com
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Market Size - USD 1,046.4 Million in 2018, Market Growth - CAGR of 11.2%, Market Trends - The growing incorporation of AI and Ml based public safety solutions.
The global IoT for Public Safety market is forecast to reach USD 2,621.8 Million by 2026, according to a new report by Reports and Data. According to the evaluation of the European Telecommunications Standards Institute, emergency calling, mission-critical communications to protect responder personnel or situational awareness, mission-critical logistics support, public warning systems, and automated emergency response are the five major applications of IoT in public safety.
As an instance, at the time of disaster, national or local authorities are needed to alert citizens. In such situations, with the help of IoT devices like connected road displays or billboards, bus stop displays, connected cars, and displays inside busses, citizens in the affected area can be provided with timely and accurate information. Thus with the help of such public warning systems, the damages associated due to the disaster can be significantly controlled. Therefore, IoT has varied areas of application in the domain of public safety, which is boosting the growth of the market.
This report covers the recent COVID-19 incidence and its impact on IoT for Public Safety. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
Request for Free Sample Report @ https://www.reportsanddata.com/sample-enquiry-form/2554
Key participants include Hitachi Vantara, IBM, Microsoft, NEC, Sierra Wireless, Cisco Systems, Nokia Networks, West Corporation, Telit, and Throughtek.
For the purpose of this report, Reports and Data have segmented the global IoT for Public Safety market based on Component, Application, End-use, and region:
Component Type Outlook (Revenue, USD Million; 2016-2026)
Solution
Platform
Services
Application Type Outlook (Revenue, USD Million; 2016-2026)
Critical Infrastructure Security
Emergency Communication and Incident Management
Disaster Management
Surveillance and Security
End-use Type Outlook (Revenue, USD Million; 2016-2026)
Smart Utilities
Smart Building and Home Automation
Homeland Security
Smart Transportation
Smart Healthcare
Smart Manufacturing
Others
The IoT for Public Safety market report highlights the regions, particularly in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Fill the below Form and get the Discount on your Copy @ https://www.reportsanddata.com/discount-enquiry-form/2554
Further key findings from the report suggest
The IoT for Public Safety market held a market share of USD 1,046.4 Million in the year 2018 and forecasted to grow at a rate of 11.2% during the forecast period.
In regards to Component, the Platform segment generated the highest revenue of USD 481.4 Million in 2018, with a growth rate of 11.4% during the forecast period. The effectiveness of IoT Platforms in centrally controlling and monitoring every activity that occurs within an organization or a specific area have resulted in its elevated application for public safety and revenue generated by the segment.
In context to Application, the Surveillance and Security segment occupied the largest market share of 40.0% in 2018, with a growth rate of 10.9% during the forecast period. The market share held by the Surveillance and Security segment is attributed to the effectiveness of IoT platforms in gathering data from devices like surveillance cameras, evaluate these data, and disseminate these data to public safety agencies for avoiding emergencies. The mentioned factor have resulted in the elevated application of IoT platforms in surveillance and security.
In regards to End-use, the Smart Building and Home Automation segment is generated the highest revenue of USD 240.7 Million in 2018, with a growth rate of 11.2% during the forecast period. High emphasis on public safety in smart building and public safety being an integral component of this type of building has resulted in elevated used of IoT platforms for public safety in Smart Building and Home Automation, which contributes to the revenue generated by this segment.
In context to region, Asia Pacific is projected to witness the fastest growth rate of 11.8% during the forecast period. Factors like technological advancements, government initiatives like Digital India, and rising incidents of natural calamities contribute to the growth of the market in this region.
Access Full Report Details @ https://www.reportsanddata.com/report-detail/iot-for-public-safety-market
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Contact Us:
John Watson
Head of Business Development
Reports And Data
40 Wall St. 28th floor New York City,
United States, 10005
E-mail: sales@reportsanddata.com
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
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