The global intelligent emergency response system market is anticipated to grow at a significant CAGR during the forecast period. Many natural disasters and man-made disasters occur globally causing many lives and significant economic loss. These disasters such as earthquakes, floods, fire, terrorist attacks, hijacking, and others require immediate medical assistance and security measures at the locations of emergency and emergency response system is very feasible which is driving the market growth. Furthermore, technological advancements made it very easy to connect, share information, and warn a big crowd in a short period. During such emergency scenarios, to provide notifications to government authorities, medical teams, and people, an emergency response system is feasible. In an emergency, the emergency response system provides assistance to evacuees to find a suitable location through the most efficient route while avoiding chaos.
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Technological advancements such as the Internet of Things (IoT) in developed countries and urban areas are driving market growth. Emergency response systems are being installed in places with large crowds, citing the high-risk factors. Stadium security is a major concern as they are becoming a major target for terrorist attacks when it comes to organising sports or other events in stadiums with large crowds and celebrities. As a result, stadiums and auditoriums are rapidly adopting intelligent emergency response systems which are driving the market growth. Furthermore, other factors driving the growth of the market include development in mining, exploration and hazardous sectors, perceptions about the necessity of security, and up-gradation of current architecture with modern emergency systems.
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Market Coverage
- Segment Covered-
o By Type
o By Systems
o By End-User
- Competitive Landscape: Honeywell International., TOA Corporation., Cobalt., Eaton Corporation PLC., Axis Communications and others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Intelligent Emergency Response System Market by Segments
By Type
- Physical Security
- Life Security
- Facility Management Security
By Systems
- Surveillance Broadcasting
- Signage
By End-User
- Governments
- Industrial
- Healthcare
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