Natural Disaster Detection IoT System Market worth $1.7 billion by 2027 - Exclusive Report by MarketsandMarkets™
CHICAGO, Jan. 24, 2023 /PRNewswire/ -- The Global Natural Disaster Detection IoT System Market size is projected to grow from USD 0.3 billion in 2022 to USD 1.7 billion by 2027 at a Compound Annual Growth Rate (CAGR) of 36.0% during the forecast period, according to a new report by MarketsandMarkets™. Increasing government initiatives to introduce IoT in emergency planning in upcoming years is driving the growth of the natural disaster detection IoT market.
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Professional services segment is estimated to lead the natural disaster detection IoT market in 2022
Professional services offer optimization services and customized services and ensure operational proficiency, design support, solution validation, and knowledge management. Professional services include consulting, deployment and integration, support and maintenance, and training and simulation.
First Responder Tools segment is expected to have a higher growth rate during the forecast period
To benefit First Responders (FRs) with the latest technologies such as IoT, AI, and smart devices are offered to FRs and rescuers to create a safer, more efficient, and technologically advanced operating framework. Proposals are made covering the topics such as sense augmentation, precise positioning, cognitive support, multi-sense XR interfaces, and robust communications. Tools using technologies such as wearable technologies, training tools and applications, devices and tools to enhance human sensing, cognitive load management, situational awareness, operating teams' management, robust communications in adverse environments, technologies for victim detection, tools to enhance safety and efficiency of FRs, and cognitive load management are applied.
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Government Organizations segment is set to emerge as a larger market during the forecast period
The government was using conventional technologies for emergency planning. IoT provides more efficient solutions when it comes to disaster management, and this can transform emergency planning. IoT in disaster management can help governments improve evacuation systems and relief mechanisms. Government organizations around the globe are expected to use IoT indisaster management systems for better planning and minimizing losses.
Asia Pacific is projected to grow at the fastest growth rate during the forecast period
Asia Pacific consists of countries, such as Japan, China, India, Australia, and New Zealand. The countries in Asia Pacific region are projected to register high growth rates in the natural disaster detection IoT market. The region is expected to witness the highest CAGR during the forecast period. Countries such as China and Japan are taking several initiatives to deploy natural disaster detection IoT solutions.
The major vendors covered in the Natural Disaster Detection IoT System Market include NEC Corporation (Japan), BlackBerry (Canada), Semtech (US), SAP (Germany), Sony (Japan), Nokia (Finland), Sadeem Technology (Saudi Arabia), Lumineye (US), Venti LLC (US), SimpliSafe (India), One Concern (US), OnSolve (US), Trinity Mobility (India), SkyAlert (Mexico), Serinus (Germany), Knowx Innovations (India), OgoXe (France), Aplicaciones Tecnológicas SA (Spain), Earth Networks (US), Responscity Systems (India), Sensoterra (Netherlands), Intel (US), Grillo (Brazil), Bulfro Monitech (India), and Green Stream Technologies (US).
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