The IoT for public safety market is gaining traction, due to rise in national security and public safety threats and growing number of smart city projects. MarketsandMarkets forecasts the global IoT for public safety market size to grow from USD 979.0 million in 2018 to USD 2,045.0 million by 2023, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period (2018–2023).
Major players in the IoT for public safety market include IBM (US), Hitachi Vantara (US), NEC (Japan), Microsoft (US), Cisco Systems (US), Nokia Networks (Finland), Sierra Wireless (Canada), Telit (UK), and West Corporation (US). Other players include ThroughTek (Taiwan), Iskratel (Slovenia), IntelliVision (US), Star Controls (US), Carbyne (Israel), Securens (India), SmartCone Technologies (Canada), Kova Corporation (US), Esri (US), Cradlepoint (US), Endeavour Technology (Ireland), X-Systems (Netherlands), Yardarm Technologies (US), Tibbo Systems (Taiwan), CityShob, and SayVu Technologies (Israel).
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NEC is one of the leading players in the IoT for public safety market. The company has adopted both organic and inorganic growth strategies to enhance its presence in the global IoT for public safety market. For instance, in May 2018, NEC partnered with the Metropolitan Police Service (MPS) of the UK. As per the partnership agreement, NEC’s subsidiary Northgate Public Services (NPS) would provide its CONNECT technology to improve information sharing and management. Furthermore, in line with product strategy in April 2018, NEC announced the development of a tamper detection technology to protect IoT devices against cyber-attacks. The technology would help protect IoT devices, machines, and robots from cyber-attacks.
IBM, an established vendor in the IoT for public safety market, has a strong presence in the Americas, Asia Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. In August 2017, IBM partnered with the Association of Public Safety Communications Officials (APCO) International. As per the partnership, APCO International’s APCO IntelliComm software would use IBM’s Watson Speech to Text and Watson Analytics to evaluate and report emergency calls
IoT for Public Safety Market by Component (Platform, Solution, and Services), Application (Emergency Communication & Incident Management, Surveillance & Security, and Disaster Management), Vertical Market, and Region - Global Forecast to 2023
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