Globally, the Smart Personal Safety/Security Device Market is predicted to reach 36 billion dollars by the year 2002. In 2015, this market was valued at 20.3 billion dollars worldwide. The main reason for this rapid growth is the ever-increasing advancement of communication technologies. The emerging interest of corporations, government and industrial sectors is also contributing to growth in this market. Some of the key players in this space are Ericsson, Fitbit, and Honeywell International, to name just a few.

Smart Personal Safety and Security Device Market is expected to reach US ~$36 billion by 2022 – EIN News (press release)