Global Internet of Things (IoT) for Public Safety Market to Reach $7.5 Billion by 2030
The global market for Internet of Things (IoT) for Public Safety estimated at US$2.7 Billion in the year 2023, is expected to reach US$7.5 Billion by 2030, growing at a CAGR of 15.6% over the analysis period 2023-2030. Surveillance & SecurityApplication, one of the segments analyzed in the report, is expected to record a 17% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the Critical Infrastructure SecurityApplication segment is estimated at 14.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $840.6 Million, While China is Forecast to Grow at 14.8% CAGR
The Internet of Things (IoT) for Public Safety market in the U.S. is estimated at US$840.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 14.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.8% and 13% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR.
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