IoT for Public Safety Market Growth Analysis | 2023-2029

Market Insights

The IoT for public safety market was estimated at USD 1.98 billion in 2022 and is likely to grow at a CAGR of 12.7% during 2023-2029 to reach USD 4.56 billion in 2029.

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What is IoT in Public Safety?

IoT in public safety is the way to secure public safety with computer vision working simultaneously with cameras, microphones, and sensors to gather information about traffic, accidents, and crime and to increase urban movability by surveying traffic conditions. Safety of the people in life, health, major private and public property, and social production is referred to as public safety.

Public Safety is another important field where IoT is widely applied. It involves safeguarding the people from crimes, disasters, and other possible dangers and threats. It is also a committed responsibility of certain government organizations and local departments. The safety of every citizen in the country in all respects like national defense, social welfare, environment, and social security can be included in this technology.

Key Players

The major players operating in the market are:

• IBM (US)
• Microsoft (US)
• Hitachi Vantara (US)
• NEC (Japan)
• Cisco Systems (US)
• Nokia Networks (Finland)
• Sierra Wireless (Canada)
• Telit (UK)
• West Corporation (US)
• ThroughTek (Taiwan)
• Iskratel (Slovenia)
• Intellivision (US)
• Star Controls (US)
• Carbyne (Israel)
• Securens (India)
• SmartCone Technologies (Canada)
• Kova Corporation (US)
• Esri (US)
• Cradlepoint (US)
• X-Systems (Netherlands)
• Yardarm Technologies (US)
• Endeavour Technology (Ireland)
• Tibbo Systems (Taiwan)
• CityShob and SayVu Technologies (Israel)

Market Dynamics

The use of IoT technology is transforming public safety by providing secure and dependable communication channels for both first responders and citizens. As governments worldwide prioritize public safety and security, they must safeguard citizens, organizations, and financial institutions against external threats.

To achieve this goal, they heavily rely on public safety and security solutions such as surveillance systems, communication networks, and biometric and authentication systems. In such a context, IoT platforms and solutions are crucial in providing advanced safety and security smart devices, applications, and critical communication networks to protect citizens during emergencies.

The global IoT for public safety market is driven by the increasing number of illegal activities, terrorist attacks, and concerns regarding national security and public safety. National and municipal authorities have a responsibility to alert citizens in the event of calamities, and IoT devices such as billboards, connected road displays, and displays inside buses and connected autos can provide quick and accurate information to those impacted.

A public alert system based on IoT can significantly reduce the damage caused by disasters. Consequently, the IoT has a broad range of applications in the field of public safety, which is expected to fuel the growth of the global market.

In addition, the increasing demand for security surveillance, unmanned aerial systems, and wearable devices is expected to have a positive impact on the growth of the market. The growing adoption of smart city initiatives is also anticipated to drive the need for reliable and robust public safety solutions and services.

Furthermore, the rising utilization of IoT and machine-to-machine (M2M) communication in information networks and biometric and authentication systems is expected to fuel the growth of the global IoT for public safety market in the coming years.

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Segment Analysis

By Component Type

The IoT for public safety market is segmented into device management, application management, and network management in terms of the platform. The IoT platform provides centralized monitoring and control of all activities within organizations across various sectors. In the context of public safety, the IoT platform integrates dependable public safety and security solutions, empowering legal entities in cities to achieve the objective of public safety and to protect citizens in times of emergency.

By Application Type

The IoT for public safety market is divided into several application segments, including emergency communication and incident management, critical infrastructure security, surveillance and security, and disaster management. Among these, surveillance and security is a major application area that holds a significant share in the overall IoT for public safety market.

This application area encompasses various surveillance cameras, monitors, storage systems, and surveillance software such as video analytics and generic applications, all of which are integrated with IoT platforms. The data collected from these devices is analyzed by the IoT platform, which provides real-time data to public safety agencies to prevent and respond to emergency situations.

By Service Type

Integrated services packages are becoming increasingly important in the IoT for public safety market, as vendors now offer comprehensive services alongside their platform and solution offerings. The services segment is divided into three main categories: system integration services, consulting services, and support and maintenance services. Governments and law enforcement agencies have recognized the value of IoT for public safety solutions and services in addressing safety and security issues faced by citizens in urban areas.

By Solution Type

IoT for public safety solutions have a significant role in preventing and minimizing the impact of terrorist attacks, cyberattacks, and natural disasters on the economy. Governments and public safety agencies in various countries have established departments to deploy IoT-based public safety solutions to protect the public and mitigate the effects of criminal attacks and natural calamities. Citizens rely on these government agencies and departments for their daily safety and security needs. Additionally, people have started demanding more effective responses from public sector safety agencies in all types of crises.

Regional Insights

According to this market research, North America is expected to dominate the IoT for public safety market and account for the largest market share during the forecast period. The region is witnessing trends such as the adoption of IoT and smart cities, which have led to increased awareness among public safety agencies, government bodies, and enterprises regarding the significance of IoT solutions and services for public safety.

On the other hand, Asia Pacific has demonstrated an advanced and dynamic adoption of new technologies and is considered a lucrative region. The IoT for public safety market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The region is also highly focused on smart city projects, which is driving the demand for public safety solutions such as advanced surveillance systems, high-tech communication networks, scanning and screening systems, and advanced cameras.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The IoT for public safety market is segmented into the following categories.

By Component Type

• Platform
• Solution
• Services

By Platform Type

• Device Management
• Application Management
• Network Management

By Service Type

• System Integration Services
• Consulting Services
• Support and Maintenance Services

By Application Type

• Emergency Communication and Incident Management
• Critical Infrastructure Security
• Surveillance and Security
• Disaster Management

By Vertical Type

• Smart Building and Home Automation
• Homeland Security
• Smart Utilities
• Smart Healthcare
• Smart Manufacturing
• Smart Transportation

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

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Recent Developments

• In October 2022, Nokia signed a Memorandum of Understanding (MoU) with Nedaa, the security network provider of the Dubai government. The companies explore innovative 5G network slicing for smart city and public safety use.
• In August 2022, Semtech Corporation acquired Sierra Wireless where the company targets high-growth markets, such as public safety, smart cities, and smart agriculture.