Personal Safety App Market: Forecasts on Production, Consumption, and Sales with Life360, Family Locator, Noonlight

Infinity business insights have recently launched the latest report on Personal Safety App Market 2023-2030 for its clients. This report offers the clients factual data validated by industry experts and business heads. The report highly involves a chapter-wise explanation for every aspect of the Personal Safety App market where the drivers, trends, opportunities, leading, and trending segments are discussed in detail with specific examples. Profiles of leading players are also discussed along with their business expansion strategies.

The global safety app market is projected to grow at a CAGR of 8.3% from 2023 to 2030, reaching a value of USD 72.6 billion by 2030.

A personal safety app is a software application designed to enhance an individual's security and well-being by leveraging the capabilities of smartphones and other mobile devices. These apps typically offer a range of features aimed at preventing, mitigating, or responding to potential threats or emergencies. Common functionalities of personal safety apps include real-time location tracking, emergency alerts, distress signal transmission to designated contacts or authorities, virtual escorts during walks or commutes, and integration with local emergency services. These apps are intended to provide users with a heightened sense of security in various situations, such as walking alone at night, traveling to unfamiliar places, or encountering medical emergencies. The personal safety app market encompasses a diverse range of offerings, from simple standalone applications to more comprehensive platforms that incorporate wearable devices, social safety networks, and advanced AI-powered features, all contributing to the overarching goal of empowering individuals to proactively manage their personal safety.

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Top Key players operating the global Personal Safety App Market:
Life360, Family Locator, Noonlight, Rave Guardian, UrSafe, Find My Kids, Citizen, SOS Alert, WeHelp, React Mobile, Virtual Halo, Circle of 6, Kinetic Global, Parachute, Snug Safety, Silent Beacon

Personal Safety App Market, By Segmentation:
Personal Safety App Market segment by Type:
Android
iOS

Personal Safety App Market segment by Application:
Street Harassment
Medical Emergencies
Natural Disasters
Others

Geographic Segment Covered in the Report:
The Global Personal Safety App Market growth report offer insights and statistics about the market area which is further also divided into sub-regions and countries. For the purpose of this study, the report has been segmented into following regions and countries-
1. North America (USA and Canada)
2. Europe (UK, Germany, France and the rest of Europe)
3. Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
4. Latin America (Brazil, Mexico, and the rest of Latin America)
5. Middle East and Africa (GCC and rest of the Middle East and Africa)

Market Challenges and Risks:
The personal safety app market, while promising, is not without its challenges and risks. One significant challenge is the saturation of the market with numerous apps, making it difficult for any single app to stand out and gain widespread adoption. This competition can lead to reduced profitability and hinder the growth of smaller players in the industry. Additionally, ensuring the reliability and effectiveness of personal safety apps presents a substantial risk. In emergency situations, these apps must perform flawlessly to provide timely assistance. Any technical glitches, network issues, or inaccuracies in location tracking could result in severe consequences and damage the reputation of the app provider. Privacy concerns also pose a significant risk to personal safety apps. Users are often required to share sensitive information, such as their location and personal details, to enable the app's features. If these data are mishandled or fall into the wrong hands, it could lead to identity theft, stalking, or other malicious activities, eroding user trust and leading to legal repercussions.

Cumulative Impact of COVID-19 on Market:
The COVID-19 pandemic significantly impacted various industries, and the personal safety app market was no exception. As people around the world grappled with the challenges of social distancing and the need to minimize physical contact, the demand for innovative solutions to enhance personal safety surged. Personal safety apps, designed to provide users with tools to navigate their surroundings securely, witnessed a notable uptick in adoption. These apps encompassed features like real-time location sharing, emergency alerts, and contactless communication, aligning well with the newfound emphasis on reducing in-person interactions. The pandemic underscored the importance of being prepared and connected, leading to a broader acceptance of personal safety apps across different age groups and demographics.

Historical Years: 2017-2022
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2030

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Reasons for Buying this Report:
1. This report provides pin-point analysis for changing competitive dynamics
2. It provides a forward looking perspective on different factors driving or restraining market growth
3. It provides a six-year forecast assessed on the basis of how the market is predicted to grow
4. It helps in understanding the key product segments and their future
5. It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
6. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.

The Global Personal Safety App Market size report provides answers to the following key questions:
1. Which are Trending factors influencing the market shares of the top regions across the globe? What is the impact of Covid19 on the current industry?
2. What is economic impact on market?
3. When is the recovery expected from the pandemic?
4. Which segments offer high-growth opportunities in the long run?
5. What are the key outcomes of the five forces analysis of the global market?
6. What are sales, revenue, and price analysis by regions of this market?

Table of Content
Chapter 1: Global Personal Safety App market Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Personal Safety App market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Personal Safety App market Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Personal Safety App market Size Forecast (2023-2030).
Continue...

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This release was published on openPR.