Smart Personal Safety & Security Device Market is expected to grow at a CAGR of 7% during the forecast period. Smart Personal Safety & Security Device Market is expected to reach US$ 66.26 Bn. by 2029.
Market Overview
The market overview focuses on analyzing the dynamics of the Smart Personal Safety & Security Device industry, including its key players and market rivalry. This comprehensive analysis provides valuable insights for industry stakeholders, offering a detailed understanding of the market's current state and future trends.
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Market Report Scope and Research Methodology
The report on Smart Personal Safety & Security Device Market provides an in-depth analysis of the industry. It highlights the market size, growth rate, drivers, restraints, challenges, and opportunities for Smart Personal Safety & Security Device market growth. A detailed PESTEL analysis is also included in the report. Thorough regional analysis of the Smart Personal Safety & Security Device industry at local, regional, and global levels is covered. The report estimates segment-wise market share and industry potential.
The Smart Personal Safety & Security Device Market was analyzed based on region, revenue, financial status, portfolio, technological advancement, and mergers and acquisitions. Research was conducted on new entrants and existing players in the Smart Personal Safety & Security Device market for growth prospects and future business outlooks. The analysis serves as a guide for stakeholders, investors, market players, followers, and new entrants for investment approaches and marketing tactics. The Smart Personal Safety & Security Device market size was estimated using a bottom-up approach.
Dynamics:
The primary reason fueling market expansion is the rise in women's, elderly people's, and children's safety and security concerns. The market is expanding as a result of increasing advances towards smart devices with cutting-edge features and inventive product advancements in the wrist and neck wear sectors. Another driver propelling the market's expansion is the growing use of personal security tools, IoT-based smart devices, and new, cutting-edge communication technologies. The market is expanding due to users' quick adoption of numerous safety software programmes.
Market Regional Insights
The report comprehensively examines growth drivers, constraints, future prospects, and the competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Furthermore, the report identifies top countries in each region and provides market forecasts for each one.
Market Segmentation
Hardware dominated the market in 2022 and is anticipated to rise at a CAGR of over the course of the forecast period. This is because more people are using smart devices like personal alarms, safety jewelery, paper spray, concealed cameras, and video and audio recorders. The software sector is also anticipated to increase rapidly during the projection period. The industry is expanding due to the introduction of numerous smartphone applications addressing safety and security issues.
by Component
Hardware
Software
by End User
BFSI
Healthcare
Telecommunication
Defence
Consumer Electronics
by Technology
Sensor
Network
Navigation
Market Key Players
1. DAQRI
2. Force Impact Technologies
3. Ericsson
4. iBeat
5. Fitbit
6. UnaliWear
7. Honeywell International
8. General Electric
9. Revolar
10. Safelet
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Key questions answered in the Smart Personal Safety & Security Device Market report include:
- What is Smart Personal Safety & Security Device ?
- What are the factors driving Smart Personal Safety & Security Device Market growth?
- What factors are limiting Smart Personal Safety & Security Device Market growth?
- What was the Smart Personal Safety & Security Device market size in 2021?
- Which trends are expected to generate additional revenue for Smart Personal Safety & Security Device market growth?
- What recent industry trends can be implemented to generate additional revenue streams for the Smart Personal Safety & Security Device Market?
- What growth strategies are players considering to increase their foothold in the Smart Personal Safety & Security Device Market?
- Who held the largest market share in the Smart Personal Safety & Security Device Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segments | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional players
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Smart Personal Safety and Security Device Market A new market study, titled “Smart Personal Safety and Security Device Market ” has been featured on Market Research Future.Smart personal safety devices can be used to track location, send alerts in emergency situations and can generally improve a consumers sense of security.
Market Research Future has invest resources towards understanding the global smart personal safety and security device market.
MRFR's predictions indicate that the global smart personal safety and security device market is expected to grow at a healthy CAGR of 13% during the assessment period from 2017 to 2023.More Information@ https://www.marketresearchfuture.com/reports/smart-personal-safety-security-device-market-1866The availability of such devices in the form of normally wearable items provides a covert sense of security which can often come in handy in emergency situations.
Crimes against women and children have a high incidence rate, and the increased security concerns among women who want to go about their normal lives without the stress of an emergency situation are expected to drive demand.
Parents are increasingly investing in such devices for their children to ensure they do not get lost and can be helped in emergency situations.
In the hardware segment, connected wearable, or wearables with cellular connectivity embedded in them are creating great promise and these devices can be used to sent alerts in a timely and discreet manner to deter crimes and minimize personal injuries.
Smart Personal Safety Device MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Smart Personal Safety Device Market.
Market Research Future has invest resources towards understanding the global smart personal safety and security device market.
MRFR’s predictions indicate that the global smart personal safety and security device market is expected to grow at a healthy CAGR of 13% during the assessment period from 2017 to 2023.The availability of such devices in the form of normally wearable items provides a covert sense of security which can often come in handy in emergency situations.
Parents are increasingly investing in such devices for their children to ensure they do not get lost and can be helped in emergency situations.
Another prime application of smart personal safety and security devices are to help monitor and ensure the safety of geriatric individuals.Market SegmentationThe global smart personal safety security device market has been segmented on the basis of component, technology, end-user, and region.
In the hardware segment, connected wearable, or wearables with cellular connectivity embedded in them are creating great promise and these devices can be used to sent alerts in a timely and discreet manner to deter crimes and minimize personal injuries.
