The
extensive assortment of the internet of things (IoT) technologies has made
massive inroads into the customer and enterprise markets in the present time.
The industry players have forayed into the public safety and alternative
response systems. Whereas, the end users have been leveraging the potential in
the connected devise for accomplishing abundant purposes diverse applications
areas, across the globe. Moreover, the usage of the Internet of Things also
allows agencies to bolster asset management capabilities and develop staff
safety. Furthermore, many of the players in the market of Internet of thing for
public safety are doing significant developments to meet their operational need
and achieve optimal cost reduction which further benefitted for increasing the
value of market share and dominating the highest market growth during the forecasted
period more significantly.
According
to the report analysis, ‘North
America IoT (Internet of Things) for Public Safety Market Industry Trends and
Forecast to 2026’ states that there are several key players which are
presently functioning in this market more positively for attaining the high
value of market share and registering the fastest market growth during the
forecasted period in the North America while increasing the awareness related
to the rising number of terrorist attacks and significant developments in the
modernized communication networks includes Hitachi Vantara Corporation,
Microsoft, IBM, NEC Corporation, ThroughTek Co., Ltd, Iskratel, Securens,
SmartCone Technologies Inc., KOVA Corporation, ESRI, Cradlepoint, Inc.,
ENDEAVOUR TECHNOLOGY, X-Systems, West Corporation, Carbyne, Star Controls,
Inc., Cisco Systems, Inc., Sierra Wireless, Telit, Nokia and several others.
Moreover, many of the players in this market are doing effective developments
in the technology for safeguarding the interest of the consumers and increase
the requirement for such IoT solutions among the law enforcement agencies for
observing offenders which further benefitted for leading the fastest market
growth more positively throughout the forecasted period.
The
North America IOT (Internet of Things) for public safety market is anticipated
to reach a CAGR of 16.0% in the forecast period of 2019 to 2026. Moreover, the
market of Internet of Things for the public safety is segmented into different
sectors which majorly involves applications, regions, end user and component.
Whereas, based on the end user the market is split into Industrial IoT,
Connected Healthcare, Smart Transportation, Smart Utilities, Smart Building and
Home Automation, Homeland Security and several others for instance, on the
basis of component the market is divided into Solutions, Platform and Service.
Additionally,
in the segment of end user, the smart building and home automation segment is
increasing more positively at the highest CAGR due to growing adoption of
advance safety IoT technologies in verticals such as manufacturing, oil&
gas and others. Furthermore, high embracement of IoT, IoT propelling the
paradigm move towards a smart future across all the industries, increasing
influx of the smart city initiatives North Americaly and several others are the
some major factors for propelling the fastest market growth. Therefore, in the
near future, it is anticipated that the market of Internet of Things will
increase in the North America more positively over the recent few years.
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