Smart Personal Safety and Security Device Market Size, Share, Emerging Trends, Business Outlook 2027

Market Synopsis

The world smart personal safety and security device market 2020 can rise at 13% CAGR across the review period. The rise in personal safety devices application for tracking location of users by sending emergency assistance alerts is identified as a chief factor that can boost the expansion of the world smart personal safety and security device market. These emergency assistance alerts are send in form of texts or alarm. The feasibility of sending emergency messages can bolster the expansion of the smart personal safety and security devices market.

The availability of easy and affordable of internet pack and wireless connectivity can promote the smart personal safety and security market across the assessment period. The user friendly feature of smart personal safety and security market rise. The presence of robust and driven by modern technologies personal safety devices, such as smart watch, bracelets, rings, key rings, and others can improve the Smart Personal Safety and Security Device Market impetus. The COVID-19 situation is likely to benefit the smart personal safety and security device global market in the years to come.

The rise in security concerns for children and women is identified as a prime factor that can drive the rise of the smart personal safety and security device global market. The inclination of people towards smart wearable devices and their advantages are fuelling the need for personal safety devices globally. The rise in popularity of smart personal safety and security device can boost the expansion of the world smart personal On the contrary, the expensiveness of these devices and lack of awareness regarding the complete functioning of smart people safety can impede the growth of the world smart personal safety and security device market in the assessment period.

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Market Segmentation

MRFR segment study allows investors to identify growth opportunities. The smart personal safety and security device global market segments are based on technology, type, component, and end-user. The type based, smart personal safety and security device global market segments are smart personal security device and smart personal safety device. The component based, smart personal safety and security device global market segments are hardware and software. The technology based, smart personal safety and security device global market segments are semi-structured, structured, and unstructured. The global smart personal and security device segments based on end use are healthcare, telecommunication, BFSI, and consumer electronics.

Key Players

MRFR listed some notable smart personal safety and security device market players. They are; Honeywell International, Inc. (U.S), DAQRI LLC (U.S), iBeat (U.S), UnaliWear Inc. (U.S), Ericsson (Sweden), Fitbit (U.S), Revolar Inc. (U.S.), Force Impact Technologies (U.S), General Electric (U.S), and Safelet B.V. (U.S.) among others. The report discuss factors that influence the market dynamics.

Regional Analysis

The competitive landscape of the world smart personal safety and security device market is largely influenced by the current COVID-19 crisis. The presence of major players and the entrance of new marketers can boost the rise of the market in North America, shows the regional study conducted by MRFR. The US can head the regional smart personal safety and security device market, followed by the rest of North America. This is due to growing penetration of smart personal safety and security devices across the sectors, such as consumer electronics, telecommunication, BFSI, and healthcare among others. The rise in the development of apps for smart personal safety and security devices can boost the expansion of the market in APAC and Europe in the years to come.

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