Global IoT in Public Safety Market Size, Share & Trends Analysis Report, By Application, By Vertical,By Region Forecasts, 2024-2032

Global IoT in Public Safety Market Size, Share & Trends Analysis Report, By Application, By Vertical,By Region Forecasts, 2024-2032

Global IoT in Public Safety Market was valued at US $ 1.83 Billion in 2023 and is expected to reach US $ 5.51 billion by 2032 growing at a CAGR of 14.75% during the forecast period 2024 – 2032.

IoT (Internet of Things) technologies play a significant role in enhancing public safety across various domains, offering innovative solutions for emergency response, crime prevention, and disaster management. Dor instance, IoT-enabled cameras and sensors can continuously monitor public spaces, streets, and buildings for suspicious activities or emergencies. These systems can automatically detect anomalies, such as unattended bags or individuals loitering in restricted areas, and alert authorities in real-time. Also, IoT devices such as wearable sensors, panic buttons, and connected medical devices enable faster emergency response times. Individuals can trigger alerts in case of accidents, medical emergencies, or security threats, allowing responders to locate and assist them quickly. Moreover, IoT sensors integrated with advanced analytics algorithms can analyse data from various sources, including weather forecasts, traffic patterns, and social media feeds, to predict and mitigate potential safety risks. For example, predictive models can anticipate traffic accidents, natural disasters, or outbreaks of crime, enabling proactive measures to be taken. Additionally, IoT technologies can enhance the safety and resilience of critical infrastructure such as bridges, roads, and buildings. Sensors embedded in infrastructure assets can monitor structural health, detect signs of deterioration or damage, and provide early warnings to prevent accidents or collapses. IoT devices such as drones, robots, and unmanned aerial vehicles (UAVs) also play a crucial role in disaster management and response efforts. These devices can survey disaster-affected areas, deliver emergency supplies, and provide real-time situational awareness to aid rescue operations. Overall, IoT technologies offer innovative solutions for enhancing public safety by enabling real-time monitoring, predictive analytics, and proactive intervention across various domains. However, ensuring data privacy, cybersecurity, and ethical use of IoT data are essential considerations in deploying these technologies for public safety applications.

A number of key factors propelling the market expansion include the rise in criminal activity, terrorist attacks, and worries about national security and public safety. Furthermore, the growing demand for wearable technology, unmanned aerial vehicles, and security surveillance indicated a promising future for the market. Strong public safety services and solutions are becoming increasingly necessary as a result of the growing number of smart city initiatives. Additionally, the demand for unmanned devices and remote monitoring is predicted to develop, which will propel the worldwide IoT market for public safety. The market is expanding as a result of the growing use of M2M, IoT, and biometric and authentication systems in information networks. Innovations in IoT platforms, particularly in relation to smart device security and safety, have formed the foundation for new and intriguing avenues in the public safety IoT sector. The adoption of cutting-edge technology, such as artificial intelligence (AI) and MI-based management initiatives for smart cities, is another driver driving the market's expansion. Additionally, updated communication networks—like telecom networks—provide a strong basis for the introduction of novel IoT products for the public safety sector. The expense of deploying smart devices, however, is anticipated to impede market expansion. However, the growing application of IoT instances in the healthcare industry has opened up new business prospects. IoT is essential to the development of emergency healthcare in the healthcare sector. One example of a circumstance where the use of smart devices is gaining traction is the real-time monitoring of patients receiving critical medical care. Patients may employ a variety of Internet of Things (IoT)-enabled gadgets, such as linked medical wristbands, to identify early dangers in crucial metrics. This could aid in the early identification of the patient population's possible heart attack risks.

“Surveillance and security segment, by application, to be fastest growing market from 2023 to 2030.”

Based on Application, the market is bifurcated into Critical Infrastructure Security, Disaster Management, Emergency Communication, and Incident Management and Surveillance and Security. Throughout the forecast period, the worldwide IoT market for public safety is anticipated to grow at the fastest rate of growth (CAGR) in the surveillance and security sector. Different kinds of surveillance cameras, displays, storage devices, and surveillance software, including video analytics and generic applications, as well as Internet of Things programmes, are all part of surveillance and security systems.

“Smart healthcare segment, by vertical, to be fastest growing market from 2023 to 2030.”

Based on Vertical, the market is bifurcated into Smart Utilities, Smart Manufacturing, Smart Healthcare, Smart Building and Home Automation, and Homeland Security. During the forecast period, the smart healthcare segment of the worldwide IoT for public safety market is anticipated to develop at the greatest compound annual growth rate. The growing demand for improved patient outcomes and increased monitoring of care recipients with chronic illnesses leads to the service's increasing application and growing appeal in the smart healthcare market.

“North America to be largest region in IoT in public safety market.”

In terms of global market share in 2023, North America held the lead. Government agencies and public safety firms are being encouraged to coordinate IoT for public safety as a result of the expanding number of smart cities, the government's increased spending on IT infrastructure, and the expansion of smart cities.

IoT in public safety Competitive Landscape

The competitive landscape of the IoT in public safety market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of IoT in public safety technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The IoT in public safety market is highly competitive, with numerous companies vying for market share. Prominent companies in the IoT in public safety Market include:

Microsoft Corporation, Hitachi Ventara, Siemens, Cisco Systems, Inc., Sierra Wireless, Intrado, Intel Corporation, Huawei Technologies Co.Ltd., NEC Corporation, International Business Machines Corporation and others.

Recent Developments:

In February 2020, Vodafone introduced Smart Vision, a new line of IoT smart surveillance products aimed at improving security and increasing productivity for its commercial and public sector clients. The 5G-ready products run on Vodafone's industry-leading IoT network. They are perfect for a variety of industries, including security, manufacturing, retail, utilities, and the public sector. They were developed in collaboration with smart surveillance supplier Digital Barriers. The Vodafone Bodyworn Vision Camera and City Vision Surveillance Solution are the first products to be released.