Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Global Natural Disaster Detection IoT Market by Component (Hardware, Services, Software), Technology (Artificial Intelligence, Data Analytics), Application, End-User - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The emergence of Internet-of-Things (IoT) technology in natural disaster detection and management has marked a turning point in minimizing the catastrophic impact of natural calamities across the globe. A recent market research study has meticulously analyzed the burgeoning industry, charting its anticipated ascension from USD 6.68 billion in 2023 to an impressive USD 37.32 billion by 2030. This rapid expansion is attributed to a compound annual growth rate (CAGR) of 27.85% during the forecast period 2024-2030
An in-depth exploration of the market dynamics reveals that the escalating severity and frequency of natural disasters due to climate change are key drivers propelling the demand for sophisticated natural disaster detection mechanisms. Technologically advanced solutions incorporating Artificial Intelligence (AI), Data Analytics, IoT sensors, and other cutting-edge components are instrumental in enabling precise monitoring and early warning systems. These advancements facilitate prompt responses that are crucial in safeguarding communities and reducing the adverse impact of natural disasters such as earthquakes, hurricanes, and floods.
The study offers comprehensive regional insights, with the American region at the forefront in adopting natural disaster detection IoT systems. This leadership stance is largely due to increased susceptibility to various natural calamities, combined with robust IoT infrastructure and substantial government support. In parallel, Asia-Pacific and EMEA regions exhibit substantial growth potential, underpinned by urbanization, smart infrastructure developments, and heightened regulatory focus on disaster management.
Employing the FPNV Positioning Matrix, the research provides a decisive evaluation of market vendors, delivering a strategic understanding of businesses’ alignment with market expectations in terms of innovation and customer fulfillment. The Market Share Analysis sharpens this perspective even further, delving into detailed competitor performance, thereby enabling stakeholders to identify opportunities and intensify their market presence.
Key profiles of prominent industry players have been highlighted, uncovering not only their recent significant achievements but also presenting an expansive view of the competitive landscape. These range from multinational telecom giants to specialized technology innovators, each contributing to the growth trajectory of the natural disaster detection IoT market.
The report segments the market analysis by components such as Hardware, Services, Software, and technology fields like AI and Data Analytics. It goes deeper into the versatility of applications covering Drought Detection, Earthquake Management, Flood Monitoring, among others, and segments the end-users from Government Organizations to Private Companies. A geographical breakdown presents detailed analytics for Americas, Asia-Pacific, and Europe, Middle East & Africa, identifying key growth regions and market trends.
In decoding the future of the Natural Disaster Detection IoT Market, the research addresses critical market queries, providing valuable guidance to stakeholders on potential investment opportunities, technology trends, and competitive strategies to navigate this rapidly evolving level of the market landscape.
Market Insights
- Comprehensive analysis of the market penetration and competitive landscape.
- Strategic profiling of leading market participants and their innovative solutions.
- Forecast on market trends, with a spotlight on applications in high-growth segments and regions.
For detailed market insights and additional information on this dynamic sector, interested parties are encouraged to explore the full scope of the market research study available now.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 193 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $8.45 Billion |
| Forecasted Market Value (USD) by 2030 | $37.32 Billion |
| Compound Annual Growth Rate | 27.8% |
| Regions Covered | Global |
Companies Mentioned
- ALE International
- Aplicaciones Tecnológicas S.A.
- AT&T Inc.
- Bell Labs by Nokia Corporation
- Green Stream Technologies, Inc.
- Grillo Holdings Inc.
- Hala Systems, Inc.
- InfiSIM Ltd.
- Intel Corporation
- International Business Machines Corporation
- Knowx Innovations Pvt. Ltd.
- NEC Corporation
- One Concern, Inc.
- Optex Co., Ltd.
- OroraTech GmbH
- Pantech eLearning Pvt. Ltd.
- Responscity Systems Private Limited
- Sadeem Technology
- SAP SE
- Scanpoint Geomatics Ltd.
- Semtech Corporation
- Tractable Ltd.
- Trinity Mobility Private Limited
- Venti LLC
For more information about this report visit https://www.researchandmarkets.com/r/dwj2ht
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