This report provides Transforma Insights’ view on the IoT Security Tracking market. This segment comprises monitoring devices for defence personnel, security guards, and prison guards. The segment also includes tracking devices for offender tagging.
To provide a safe working environment, businesses, federal agencies, and correctional departments are ramping up efforts to safeguard their personnel from accidents and injuries. Security Tracking solutions can reduce human and capital loss resulting from on-site injuries. To address this market, manufacturers have developed connected wearable devices which can be worn as wristbands, ankle bracelets, or on an individual’s clothes.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used and revenue.
A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
The report examines key factors that are influencing the development of the market, including:
This section first explains how providing real-time situational awareness and improving response time can help soldiers in war zones and during training periods (for instance, they can reduce material loss and limit damage to civilians) and then talks about the multiple forms of soldier monitoring devices along with their benefits. For example, monitoring devices can work as wristbands, or they can be worn around the neck or on footwear, and they help military departments monitor soldiers’ vitals and track their movement.
It then explains how armed forces are also trying to deploy smart soldier equipment to improve their capabilities and why many of them are choosing to set up their own networks (including reasons like private satellite networks being able to solve the challenge of poor or unavailable wireless coverage in remote locations).
This subsection talks about the ongoing trend of various governments investing trillions of dollars in national security (further exacerbated by factors like the ongoing war between Russia and Ukraine) and lists some European countries which plan to increase their defence expenditure. For instance, in February 2022, Germany allocated an additional USD107.5 billion to modernise the country’s military.
It also claims that although military expenditure is increasing in absolute terms, in terms of percentage of GDP it is falling at a global level and adds that the reducing personnel strength of various militaries around the world is also noticeable, owing to factors like high cost of soldier recruitment.
This subsection claims that procurement contracts often take considerable time and many years of effort, which restrict their quick adoption and prevent small defence equipment providers from entering the market.
It also adds a few examples of relevant IoT deployments in this application, like Robotic Research being awarded the contract to supply boot-strapped GPS-denied devices.
This section focusses on the benefits of using tracking devices for security guards, since they work odd hours, under minimal supervision, and are often exposed to violence, assaults, and verbal abuse from the public. For instance, these devices provide enhanced safety to these guards and support businesses to monitor their on-duty activities. It also talks about some communication technologies like RFID and NFC readers that are present in some GPS-enabled monitoring devices and their features (like requesting assistance and reporting suspicious activities in a facility).
This section discusses some alternative methods which can reduce the dependence on security guards (and therefore, on tracking devices) to patrol residential or commercial premises – connected cameras, drones, autonomous security robots, and smartphone apps.
It also gives a few examples of relevant IoT deployments in this application, like Chelsea (the English Premier League football club) using Lonealert’s GPS tracking devices for security guards.
This section of the report primarily focusses on the benefits of the use of bodycams and security trackers by prison guards and correctional officers since they work in dangerous and stressful environments, and often face verbal and physical violence from prisoners, eventually resulting in physical and mental health issues including anxiety, depression, and high blood pressure.
This subsection discusses the benefits of using bodycams by prison guards. For instance, bodycams can bring transparency and better accountability to prison guards by monitoring their on-duty conduct, and these devices can also deter prison clashes and serve as proof in case of violent activities as videos captured by bodycams are admissible during court proceedings.
This subsection charts the factors hindering the deployment of bodycams. These include opposition from prison unions (who demand the amount to be invested towards higher salaries instead of being spent to procure new hardware) and limited public budget. It then discusses the suitable connectivity technology for bodycams and their advantages over others. For instance, while Cellular allows videos to be streamed live (without any need to download them), it may prove to be expensive.
It also mentions a few examples of relevant IoT deployments in this application, like Dauphin County prison guards awarding Axon a five-year contract to supply bodycams.
This section explains the major two factors that are driving the adoption of offender tagging devices - staff shortages and the high cost of prison maintenance (according to the Federal Bureau of Prisons, the average cost of incarceration for a federal inmate is USD120.6/day). It then talks about the positive impact of offender tagging. For instance, according to a study conducted by the President and Fellows of Harvard College and the Massachusetts Institute of Technology, electronic tagging can decrease the probability of reoffending by 22% five years after sentencing and by 11% ten years after sentencing. It also lists the various forms of offender tagging devices and their features. For instance, radio frequency-based monitoring devices notify the monitoring authority if an offender is not present at the location, which eventually limits the wearer’s movement.
It also talks about the rising prominence of alcohol monitoring tags to curb alcohol-related crimes, which in the UK can result in a loss of USD26.1 billion (GBP21.5 billion) per year and adds an instance of IoT deployment in this application - the Department of Corrections in New Zealand awarding an offender tagging contract to Buddi.
The key vendors section lists some of the main providers of products and services related to the market, such as Axon, Motorola, Attenti, Raveon, BI, and Buddi. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of devices, which will grow from 4.4 million in 2022 to 12.2 million in 2032.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the security tracking application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Security Tracking Application Group will grow at a CAGR of 13%.
