Global Smart Personal Safety and Security Device Market Overview

This report predicts that the Global Smart Personal Safety and Security Device Market was valued at USD 2,904.0 Million in 2019 and is anticipated to surpass USD 5,503.9 Million by the end of 2025, registering a compound annual growth rate (CAGR) of 11.00% during the forecast period, 2020–2025.

The rising use of smart personal safety and security devices in the defense sector in tactile and hostile situations is expected to fuel the growth of the market in the future. Additionally, the use of smart helmets, smart wristbands, heart rate monitors, and other devices prove helpful to the soldiers in observing their immediate surroundings and analyzing the risk to their health and safety.

The Global Smart Personal Safety and Security Device Market is expected to register incredible market growth in the future. Smart personal safety and security devices facilitate the telecom operators to capture real-time monitoring of temperatures, dedicated alarm systems, and physical intrusions in inaccessible sites using safety devices.

These devices make a map, through which the telecom operators provide their digital services enables the network administrators to create controlled and critical decisions in case of any unexpected events. However, the increased costs of these devices and lack of awareness about smart personal safety and security devices in emerging countries is expected to restrain the market growth during the review period.

Market Segmentation

The Global Smart Personal Safety and Security Devices Market has been segmented into Type and End User.

Based on Type segment the global market has been classified into Smart Personal Security (Wearable Devices (Bracelet, Pendant, Ring, Other Devices), Bulletproof Bags, Personal Alarm, Panic Button, Fall Detection Device, Other Devices), Smart Personal Safety (Smart Helmet, Smart Mouth Guard, Smart Knee Guard, Other Devices).

Based on end-user, the global smart personal safety and security device market has been categorized into consumers, defense, factories, BFSI, healthcare, telecommunications, and others. The consumer segment is estimated to register the highest CAGR of 13.35% during the review period. The segment accounted for the largest market share of 59.7% in 2019, with a market value of USD 907.2 million.

Regional Analysis

Geographically, the Global Smart Personal Safety and Security Device Market has been segmented into North America, Europe, Asia-Pacific, the rest of the world.

North America is expected to lead the market owing to the largest market share of 31.2% in 2019, with a market value of USD 907.2 million. The market is anticipated to exhibit a CAGR of 11.0% during the review period. In 2019, Asia-Pacific was the second-largest market with a market value of USD 840.9 million; it is anticipated to witness the highest CAGR of 13.5%.

Major Players

The Major Players of the Global Smart Personal Safety and Security Device Market are Force Impact Technologies Inc. (US), Ericsson (Sweden), Honeywell International Inc. (US), Daqri, LLC (US), Unaliwear, Inc. (US), Huawei Technologies Co. Ltd. (China), General Electric Company (US), Fitbit, Inc. (US), Revolar, Inc. (US), ADT, Inc. (US), Safelet B.V. (The Netherlands), KORE Wireless Group (US), and 100Plus, Inc. (US) among others.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.

Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Global Endpoint Security Market By size( large enterprises, SMBs);End-user ( BFSI, IT & Telecom, retail, healthcare, government and public sector, education, transportation and others);By deployment mode (On premises and cloud); and Region –Analysis of Market Size, Share & Trends for 2016 – 2019 and Forecasts to 2030

The post Global Smart Personal Safety and Security Device Market Research Report—Forecast till 2025 first appeared on CRI Report.

With the continued miniaturization of enabling technologies, wearable devices have hit the mass market in a diverse variety of form factors – ranging from smartwatches and fitness trackers to smart glasses to hearables.

Driven by the ability to interconnect with key modern trends of healthcare, fitness, messaging and socialization, the wearable technology ecosystem is attracting significant levels of interest. Companies as varied as smartphone OEMs, mobile operators, health insurers and retailers are circling the ecosystem alongside tiny startups, all vying for a stake.

SNS Telecom & IT estimates that wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021. By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.

The “Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” report presents an in-depth assessment of the wearable technology ecosystem including market drivers, challenges, enabling technologies, consumer and enterprise applications, key trends, case studies, opportunities, future roadmap, value chain, ecosystem player profiles, vendor market share and strategies. The report also presents forecasts for wearable device shipments and revenue from 2018 through to 2030. The forecasts cover 9 device form factor submarkets, 7 vertical markets, 6 regions and 73 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Topics Covered
The report covers the following topics:
– Wearable technology ecosystem
– Market drivers and barriers
– Key enabling technologies and concepts including low cost sensors, wireless connectivity, voice recognition and augmented reality
– Analysis of vertical markets and applications – for consumer, healthcare, professional sports, retail & hospitality, military, public safety and 8 other sectors
– Case studies of 10 wearable technology deployments – reviewing solutions, vendors, applications and feedback from end users
– Wearable device vendor market share
– Prospects of smartphone OEMs and cellular chipset suppliers in the wearable technology ecosystem
– Impact of 5G NR (New Radio), cellular IoT and ProSe (Proximity Services) on wearable technology
– Industry roadmap and value chain
– Profiles and strategies of more than 360 leading ecosystem players including wearable technology suppliers and vertical domain specialists
– Strategic recommendations for enabling technology providers, wearable device OEMs, application developers and mobile operators
– Market analysis and forecasts from 2018 till 2030

Forecast Segmentation
Market forecasts on are provided for each of the following submarkets and their subcategories:

Form Factor Submarkets
– Smart Bands
– Smartwatches
○ OS-Powered Smartwatches
○ Basic Smartwatches
– Smart Glasses
– Smart Clothing
– Smart Earwear
– Smart Jewelry
– Heads-up Displays
– Others

Vertical Submarkets
– Consumer
– Healthcare
– Professional Sports
– Retail & Hospitality
– Military
– Public Safety
– Others

Regional Markets
– Asia Pacific
– Eastern Europe
– Latin & Central America
– Middle East & Africa
– North America
– Western Europe

Country Markets
– 73 Country level markets: Algeria, Argentina, Australia, Austria, Bangladesh, Belarus, Belgium, Bolivia, Bosnia & Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kenya, Luxembourg, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Nigeria, Norway, Pakistan, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Sudan, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Tunisia, Turkey, UAE, UK, Ukraine, Uruguay, USA, Uzbekistan, Venezuela and Vietnam

Key Questions Answered
The report provides answers to the following key questions:
– How big is the wearable technology ecosystem?
– What trends, challenges and barriers are influencing its growth?
– How is the ecosystem evolving by segment and region?
– What will the market size be in 2021 and at what rate will it grow?
– Which vertical markets will see the highest percentage of growth?
– How do standardization and regulation impact the adoption of wearable technology for the healthcare industry and other sectors?
– What opportunities exist for cellular chipset suppliers in the wearable technology ecosystem?
– How can mobile operators capitalize on the growing popularity of smartwatches, fitness bands, smart glasses and other wearable devices?
– What are the future prospects of hearables and other emerging form factors?
– Who are the key ecosystem players and what are their strategies?
– What strategies should wearable technology suppliers and vertical domain specialists adopt to remain competitive?

Key Findings
The report has the following key findings:
– SNS Telecom & IT estimates that wearable device shipments will grow at a CAGR of approximately 22% between 2018 and 2021. By the end of 2021, wearable devices will represent a market worth $45 Billion with over 250 Million annual unit shipments.
– In terms of annual wearable device unit shipments, the top 5 vendors – Apple, Xiamo, Fitbit, Samsung and Garmin – collectively account for more than 55% of the market.
– Cellular connectivity and associated advanced capabilities – such as VoLTE (Voice over LTE) – are increasingly being integrated into consumer oriented wearables such as smartwatches.
– SNS Telecom & IT estimates that wearable devices will help mobile operators drive more than $12 Billion in service revenue by the end of 2021, following a CAGR of approximately 36% between 2018 and 2021.
– As wearable technology vendors seek to minimize dependence on hardware sales, new business models are continuing to gain popularity – ranging from corporate wellness programs to sports performance analytics.

The post The Wearable Technology Ecosystem: 2018 – 2030 – Opportunities, Challenges, Strategies, Industry Verticals and Forecasts first appeared on CRI Report.