Smart Personal Safety & Security Device Market is expected to grow at a CAGR of 7% during the forecast period. Smart Personal Safety & Security Device Market is expected to reach US$ 57880.55 Mn. by 2027.
Smart Personal Safety & Security Device Market Definition:
MMR, market research and consulting organization, has released a new study titled “Smart Personal Safety & Security Device market – outlook to 2027”. Industries’ constant focus on reducing the operational cost and increased attention on core business, and the need to improve scalability are expected to shape the Smart Personal Safety & Security Device market to grow at a CAGR of %.
According to an Analyst at MMR, the Smart Personal Safety & Security Device market will experience significant growth during the forecast period due to potential opportunities lying in the market. The market drivers are:
COVID-19 Impact:
Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data helps us understand the market situation. To understand the influence and factors of the COVID 19 on the Smart Personal Safety & Security Device market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
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Smart Personal Safety & Security Device Market Segmentation:
Hardware dominated the market in 2021 according to component, and is predicted to expand at a CAGR of XX% over the projected period. This is because more people are using smart devices like personal alarms, safety jewellery, paper spray, hidden cameras, and video and audio recorders. The software sector is also anticipated to increase rapidly during the projection period. The industry is expanding due to the introduction of numerous smartphone applications addressing safety and security issues.
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Smart Personal Safety & Security Device Market Key Players:
• DAQRI • Force Impact Technologies • Ericsson • iBeat • Fitbit • UnaliWear • Honeywell International • General Electric • Revolar • Safelet
The report provides a detailed analysis and forecast of the industry covering the following key features:
Industry outlook includes current and future market drivers, restraints, trends, challenges, emerging technologies, and recent developments.
Key industry developments and key insights
Significant marketing factors such as driver, restraints, opportunity, and challenges
Number of significant companies and their revenue and net income
Other market trends
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