Smart Personal Safety and Security Device Market

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Smart Personal Safety and Security Device Market
Witnessing Rapid Growth Opportunities, Trends,
and Forecast to 2030

• Smart Personal Safety and Security Device Market
  report which delivers detailed overview of the
  global smart personal safety and security device
  market in terms of market segmentation by device
  type, end-user, and region.
• Further, for the in-depth analysis, the report
  encompasses the industry growth indicators,
  restraints, supply and demand risk, along with
  detailed discussion on current and future market
  trends that are associated with the growth of the
  market.
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  /smart-personal-safety-and-security-device-
  market/3323
• The global smart personal safety and security
  device market is projected to grow with a
  moderate CAGR during the forecast period, i.e.,
  2022-2030, on account of the rise in criminal
  offences against women children and the
  technological developments in communication.
  Smart personal safety security devices make use
  of the advancements in internet technology such
  as the internet of things (IoT) to enhance the
  safety security of the end-user. Thus, these
  devices find applications in diverse segments.
• As per the World Bank data, the prevalence of
  intentional homicides globally amongst male
  individuals was 9.326 per 100,000 population in
  2018, whereas for female individuals, it was
  2.173 per 100,000 population in the same year.
  The growing need to ensure the safety and
  security of the end-users by controlling crime
  rates has resulted in the development of various
  personal safety security solutions such as
  wearables, bulletproof bags, panic buttons, and
  others, which is projected to contribute majorly
  to the market growth.
• Major players include in the global xx market
• FIT Inc.
• Telefonaktiebolaget LM Ericsson

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• General Electric
• Fitbit, Inc.
• Revolar
• Safelet
• Honeywell International Inc.
• UnaliWear Inc.
• Huawei Technologies Co. Ltd.
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• The market is segmented by device type into smart
  personal safety and smart personal security.
  Among these segments, the smart personal security
  segment is anticipated to hold the largest share
  by the end of 2021 in the market owing to its
  multiple applications and growth in demand.
  Moreover, increasing safety concerns, and
  availability of variety of security devices to
  choose from is estimated to boost the market
  growth. On the basis of end-user, the market is
  segmented into consumers, defense, healthcare,
  BFSI, telecommunication, and others. The
  consumers segment is expected to grow
  significantly because of the rise in the crime
  rates and resultant increase in the demand for
  these devices for personal use.
• On the basis of region, the market is segmented
  into North America, Europe, Asia Pacific, Latin
  America, and the Middle East Africa, out of
  which the smart personal safety and security
  device market in the Asia Pacific is projected to
  grow at the highest CAGR throughout the forecast
  period owing to the increase in crime rates and
  elevated defense expenditures by the developing
  countries in the region like China India.
• Currently, the market in North America holds the
  largest share. This can be attributed to
• the intense focus on personal safety security
  in the region, especially in the United States,
  accompanied by the increased awareness about
  smart personal safety security devices.
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Rise in Criminal Offences and the Technological
Developments in Communication to Drive Market
Growth Smart personal safety and security devices
such as wearables deploy GPS technology,
fingerprinting technology, touch sensors, and
other features to safeguard the users. The
devices can also be used to strengthen defense
equipment such as smart helmets, and smart mouth
knee guards. Additionally, the technological
developments in communication are also expected
to boost the market growth in upcoming
years. However, the high costs associated with
the devices and limited awareness about
the devices in low and middle economic regions
are some of the factors that are estimated to
restrain market growth in the near future. This
report also provides the existing competitive
scenario of some of the key players of the
global smart personal safety and security device
market, which includes company profiling of FIT
Inc., Telefonaktiebolaget LM Ericsson, General
Electric, Fitbit, Inc., Revolar, Safelet,
Honeywell International Inc., UnaliWear Inc., and
Huawei Technologies Co., Ltd. The profiling
enfolds key information of the companies, which
encompasses business overview, products and
services, key financials, and recent news and
developments. On the whole, the report depicts
detailed overview of the global smart personal
safety and security device market that will help
industry consultants, equipment manufacturers,
existing players searching for expansion
opportunities, new players searching
possibilities, and other stakeholders to align
their market centric strategies according to the
ongoing and expected trends in the
future. Research Nester is a one-stop service
provider with a client base in more than 50
countries, leading in strategic market research
and consulting with an unbiased and unparalleled
approach towards helping global industrial
players, conglomerates and executives for their
future investment while avoiding forthcoming
uncertainties. With an out-of-the-box mindset to
produce statistical and analytical market
research reports, we provide strategic
consulting so that our clients can make wise
business decisions with clarity while
strategizing and planning for their forthcoming
needs and succeed in
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achieving their future endeavors. We believe
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