Intelligent Emergency Response Systems and Infrastructure Market Expected to Register a CAGR 6.50% by 2023 |Leading Key Players: HONEYWELL INTERNATIONAL, COBALT, AXIS COMMUNICATIONS AB, TOA CORPORATION, UNI-PEX, DENYO, MICRON TECHNOLOGIES

Industry Highlights:
The global intelligent emergency response systems and infrastructure (IRIS) market was valued at USD 78.3 billion in 2017 and is expected to reach a value of USD 114.25 billion by 2023 at a CAGR of 6.50% over the forecast period of 2018-2023.

Intelligent emergency response system and infrastructure (IRIS) come into effect during emergencies, either natural catastrophes or human-made. During such situations, the respective health and public administration bodies are alerted using IRIS, which is directly linked to the telecommunications and satellite ecosystems that have been enhanced immensely for superior data transmission and accurate image capturing. Increasing awareness about the importance of security, replacement of obsolete architecture, rise in hazardous industrial explorations, among other factors, is expected to drive the demand for IRIS in the near future.

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Key Developments in the Market
January 2017 - Axis Communications AG announced that the company’s high-resolution network cameras will be used to secure the Super Bowl LIVE, a 10-day fan entertainment festival in downtown Houston from January 27 to February 5, 2017.

The major players include –
HONEYWELL INTERNATIONAL, INC., COBALT, AXIS COMMUNICATIONS AB, TOA CORPORATION, UNI-PEX CO., LTD., DENYO CO., LTD, MICRON TECHNOLOGIES, and EATON CORPORATION PLC, amongst others.

Reasons to Purchase the Report
• Current and future intelligent emergency response systems and infrastructure (IRIS) market outlook in the developed and emerging markets.
• Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
• The segment that is expected to dominate the market.
• Regions that are expected to witness the fastest growth during the forecast period.
• Identify the latest developments, market shares, and strategies employed by the major market players.
• 3-month analyst support along with the Market Estimate sheet (in Excel).

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Popularity of Surveillance Systems
In today’s security landscape, security and surveillance are at the forefront of organizations. Governments, enterprises, financial institutions, and healthcare organizations across the globe are in need of security measures to monitor and overcome threats. As a result, there has been a dramatic increase in the demand for security applications, such as video surveillance for buildings, borders, ports, transportation infrastructure, etc. Advancements in digital video encoding are driving customers away from analog surveillance video systems and toward IP-based digital surveillance video systems. As a result, organizations are increasingly turning towards broadband wireless networks for flexible, cost-effective, and rapid deployment of security systems.
These developments are changing the IT and security market landscape by creating new markets and expanding existing markets. However, to ensure proper video delivery, application-specific Quality-of-Service (QoS) parameters must be supported. Key video encoding parameters such as jitter and latency must be controlled for efficient video quality. The recent improvements in the underlying network infrastructure capable of handling high video traffic from multiple camera sources are increasingly developing surveillance systems to be more efficient at lower costs than ever before. The growing demand for robust, cost-effective security and surveillance systems by government organizations and enterprises continue to present significant revenue opportunities for IRIS in the near future.

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