According to a new report, published by KBV research, The Global Natural Disaster Detection IoT Market size is expected to reach $2.6 billion by 2028, rising at a market growth of 35.3% CAGR during the forecast period.
The Hardware segment is showcasing a CAGR of 35.5% during (2022 - 2028). The segment's expansion is owed to the rapid usage of IoT hardware like sensors in numerous disaster detection processes. The hardware used in IoT systems consists of servers, a bridge device, sensors, gadgets for a remote dashboard, and devices for control. These devices control crucial operations and duties like security, communication, as well as detection to support certain objectives and courses of action.
The Flood Detection segment acquired maximum revenue share in the Global Natural Disaster Detection IoT Market by Application in 2021 thereby, achieving a market value of $1 billion by 2028. The high frequency of floods in many regions is the main factor propelling the segment's growth. The rapid advancement of technology is essential for the early detection and prevention of natural disasters like floods. Natural flood-related disasters can be avoided with an early flood-related parameter detection and monitoring system based on IoT.
The First Responder Tools segment has shown the growth rate of 35.6% during (2022 - 2028). First responder tools are now equipped with the latest technologies, including IoT, AI, and smart gadgets. The segment is growing as these tools are widely used by rescuers as they assist them to build a safer, more effective, technologically sophisticated operational framework. Tools utilizing technologies like wearable technologies, training tools & applications, devices & tools to improve human sensing, situational awareness, robust communications in adverse environments, tools to improve safety and efficiency of FRs, and tools for victim detection are all used.
The Government Organizations segment is leading the Global Natural Disaster Detection IoT Market by End User in 2021 thereby, achieving a market value of $947.3 million by 2028. In the previous years, most governments used conventional technology for disaster planning. IoT offers more effective options for disaster management, which can change emergency preparedness. Governments can improve evacuation procedures and relief efforts with the aid of IoT in disaster management.
The North America market dominated the Global Natural Disaster Detection IoT Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1 billion by 2028. The Europe market is exhibiting a CAGR of 34.7% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 36.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/natural-disaster-detection-iot-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE, NEC Corporation, BlackBerry Limited, Semtech Corporation, OnSolve LLC, One Concern, Inc., OgoXe, Sadeem Technology and Earth Networks, Inc. (Advanced Environmental Monitoring LLC).
By Component
By Application
By Communication System
By End User
By Geography
Companies Profiled
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