Global IoT for Public Safety Market Research Report – by Component (Platform, Solution, Services), by Application (Disaster Management, Emergency Communication & Incident Management, Critical Infrastructure Security, Surveillance & Security), by Vertical (Smart Healthcare, Smart Manufacturing, Others), and Region - Forecast to 2027Overview:Internet of things (IoT) provides real-time updates to public officials on the happenings of cities and towns in their jurisdiction.
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.Market ScopeThe global IoT for public safety market size was worth USD 844.2 million in 2017 and is expected to balloon to USD 2010.44 million by 2027 at a CAGR of 15.60% over the forecast period.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.
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.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6733Segmentation:The global IoT for public safety market is segmented by component, application, and vertical.By component, the market categorizes into three major segments, namely platform, solution, and services.