A new report by Transparency Market Research (TMR) states that the global market for intelligent emergency response and infrastructure has been witnessing a steady rise over the last few years. The report is titled “Intelligent Emergency Response and Infrastructure Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2023.”
Due to the increasing terror attacks at busy public places, the deployment of intelligent emergency response systems has escalated substantially, leading to a significant growth in this market. The increasing advancement of technologies, such as internet of things (IoT), and their rising global adoption has also influenced this market considerably in the recent times, notes the study.
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In addition to this, the growth in the mining and exploration industry, increasing emphasis on security, and the rise in the up-gradation of standing architecture with modern emergency systems are likely to propel the worldwide market for intelligent emergency response and infrastructure in the coming years. However, the high complexity of intelligent emergency response systems, coupled with the unawareness about their technical features and the lack of interoperability between products, may hamper the growth of this market to some extent over the next few years, states the research report.
In this report, the worldwide market for intelligent emergency response and infrastructure market has been studied on the basis of the application of intelligent emergency response systems and communication technology utilized in them. A geographical analysis of this market has also been presented in this research study.
Based on the application, the study classifies the global market into energy and utilities, manufacturing, BFSI, healthcare and life sciences, aviation, government and defense, hospitality, and information technology and telecommunication. Based on the communication technology, the market has been categorized into satellite phones, first responders, vehicle-ready gateways (cellular/Wi-Fi/GPS), and emergency response radars in this report.
Broadly, the global market for intelligent emergency response and infrastructure is segmented into Asia Pacific, Latin America, the Middle East and Africa, North America, and Europe. Europe and North America have emerged as the leading contributors to this market due to large-scale adoption of intelligent emergency response systems are likely to remain dominant over the forecast period, states the report.
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The report also analyzes the competitive landscape of the global market for intelligent emergency response and infrastructure to gain an insight into the current market hierarchy. Siemens AG, Everbridge Inc., Enera International AB, United Technologies Corp., Alcatel-Lucent, Athoc Inc., Robert Bosch GmbH, Vocal Technologies, Daisy IT Group Ltd., Honeywell International Inc., ATI Systems Inc., and Micron Technology Inc. are some of leading companies in this market, reports the research study.