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IoT For Public Safety Market Estimated to Lock an Ineffaceable Growth | COVID-19 Effects

Overview

Internet of things (IoT) provides real-time updates to public officials on the happenings of cities and towns in their jurisdiction. The ubiquitousness of smartphones and internet, presence of autonomous systems, and real-time responses to queries can be beneficial in times of crises and emergencies. The global Iot for Public Safety Market report compiled by Market Research Future (MRFR) looks at latest trends and opportunities for IoT to expand in the public sector for the period of 2020 to 2027 (forecast period). The COVID-19 outbreak and its effects on the market will be explored in detail in the report.

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Market Scope

Emergence of IoT for protecting the interests of citizens due to the spike in crime rates is likely to drive market demand. Surge in cases of terrorism and vandalism and efforts for construction of smart cities can favor the market. This is expected to lead to integration of machine learning and artificial intelligence (AI) in government departments for gathering intelligence faster will be beneficial to the market in the coming years.

The insights gleaned by AI algorithms on city infrastructure and detection of damages on structures can favor the market. This can let public officials conduct maintenance and prevent any long-term damage. Furthermore, the use of 0G network for powering devices within smart cities and enabling to pinpoint location of persons and animals through sensors can lead to the adoption of IoT.

But initial high costs for installation can deter its growth in cities.

IoT For Public Safety Market Segmentation Overview:
Based on the global market, the following are the IoT For Public Safety Market Segments-

Component
Application
Verticals
Region
By Component:
Based on component, the further segments of the market are-

Platform
Solution
Services
By Service:
Based on service, the further segments of the market are-

System integration services
Support and maintenance services
Consulting services
By Platform:
Based on platform, the further segments of the market are-

Device management
Network management
Application management
By Application:
Based on application, the further segments of the market are-

Emergency communication and incident management
Disaster management
Surveillance and security
Critical infrastructure security
By Vertical:
Based on vertical, the further segments of the market are-

Smart building and home automation
Homeland security
Smart utilities
Smart healthcare
Smart manufacturing
Smart transportation
Others (Smart retail and Smart education)
By Region:
Based on region, the further segments of the market are-

North America
Europe
APAC
the MEA
Latin America
Regional Analysis

Regionally, the global IoT for public safety market is segmented into North America, Europe, Asia Pacific (APAC), and the Rest-of-the-World (RoW). North America is touted to be the top revenue-getter for the market till the end of the forecast period. But APAC is predicted to be highly lucrative owing to the rapid approval provided to infrastructural projects. Furthermore, the emphasis on smart city projects and digitization of legacy equipment can propel the regional market growth in a positive trajectory.

Competitive Landscape

Microsoft Corporation, Nokia Networks, NEC, West Corporation, Hitachi Vantara, Iskratel, Tibbo Systems, Yardarm Technologies, Intellivision, Telit, IBM, Sierra Wireless, Cisco Systems, Star Controls, and X-Systems are key players of the global IoT in public safety market.

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IoT For Public Safety Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

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