MRC Announces the Publication of its Research Report – Global Personal Safety Tracking Devices Market 2018-2022
MRC recognizes the following companies as the key players in the global personal safety tracking devices market: Amber Alert GPS, AngelSense, BrickHouseSecurity, Le Vise Products, Location Based Technologies, and Trax.
Other Prominent Vendors in the market are: KJB Security, Lineable, SPOT, Spy Tec International, Trackimo, and WEENECT.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is provision of augmented reality, proximity and geo-fence features. Several vendors in the personal tracking devices market are offering augmented reality (AR) features that can be connected with smartphones. Through smartphone applications, the safety tracker can easily locate individuals and estimate the distance to be covered. Moreover, vendors are also offering proximity and geo-fence features that enable personal customization. These features enable the setting up of several multiple digital fences and alerts when the target moves beyond a digital fence to enhance the safety of individuals.”
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According to the report, one of the major drivers for this market is increasing personal safety concerns. The increasing crime rates and the rise in global aging population will fuel the adoption of personal safety tracking devices. Owing to the hectic lifestyles, working parents are adopting safety devices to track their children and acquire real-time location. These trackers are equipped with a safety button that contacts parents during emergency situations. Similarly, for the elderly, the safety trackers are equipped with sensors that alert caretakers. With the rising elderly population, especially in the developed countries, the demand for these devices will increase in the coming years, fueling the market’s growth prospects.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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