Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Astonishing Growth with Top Influencing Key Players like Honeywell International Inc., Siemens AG

Latest research on Intelligent Emergency Response Systems and Infrastructure (IRIS) Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Intelligent Emergency Response Systems and Infrastructure (IRIS) market. This report included a special section on the Impact of COVID19. Also, Intelligent Emergency Response Systems and Infrastructure (IRIS) Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Intelligent Emergency Response Systems and Infrastructure (IRIS) industry.

The Intelligent Emergency Response Systems and Infrastructure (IRIS) market was valued at USD 1.13 billion in 2020 and is expected to reach USD 1.64 billion by 2026, at a CAGR of 6.5% over the forecast period (2021 - 2026).

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The Intelligent Emergency Response Systems and Infrastructure (IRIS) market is highly competitive and consists of a number of major players. Top Companies like Honeywell International Inc., Siemens AG, Axis Communications AB, TOA Corporation, Denyo Co. Ltd, Eaton Corporation PLC, Robert Bosch GmbH, Micron Technologies, AtHoc Inc., Everbridge Inc., Visiplex Inc., ATI Systems Inc.

Industry News And Developments:

- April 2019 - ST Engineering introduced first ever Fibre Bragg grating (FBG) based AgilFence Buried Intrusion Detection System (BIDS) for perimeter security. AgileFence BIDS is a combination of fiber optic sensors and advanced signal processing algorithms to provide instantaneous and accurate detection of footsteps that cross unfenced boundary lines.

- Jan 2019 - Axis Communications launched explosion-protected cameras for hazardous environment. These cameras are equipped with the i-CS lenses that adjust focus automatically on the subject.

Regional Analysis:

Furthermore, to broaden the understanding, researchers have studied the global Intelligent Emergency Response Systems and Infrastructure (IRIS) market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.

Intelligent Emergency Response Systems and Infrastructure (IRIS) Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.

Scope of the Report

- The increase in industrial accidents has made the governments make stringent norms for labor safety. Hence, industries are adopting Intelligent Emergency Response Systems and building safer infrastructures.

- In Japan, there were about 450 fatalities due to industrial accidents in 2017. The major concern is the quick response action that can be achieved by the installation of IRIS.

- The increasing awareness about the importance of security, replacement of obsolete architecture, and the rise in hazardous industrial explorations, among other factors, are expected to drive the demand for IRIS in the near future.

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Key Market Trends

Surveillance Systems to Show Significant Growth

- Security and safety are the prime concerns of any organization across the industries. To monitor and overcome the threats, concrete surveillance systems are installed, so that quick responsive actions can be made. Hence, there has been a steep increase in the demand for these systems.

- Though the popularity of wired video surveillance increased dramatically, it is expensive to install as well as a time-consuming task. Hence, for large infrastructures, wireless emergency response systems are needed to overcome the aforementioned disadvantages.

- In 2018, there has been an increase in reported violent crimes by 19%, as recorded by the police in the United Kindom from 2017. However, the number of homicides, including murders and manslaughter, increased by 14%.

The Asia-Pacific to be a Fastest Growing Market

- Asia-Pacific is expected to witness the fastest growing market for the intelligent emergency systems and infrastructure market. This is due to the technological advancements and their adoption in the region.

- The awareness about the advantages of IRIS has been increasing globally, mainly because of the rapidly growing smart-city projects in countries like India. Hence, the growth of the market in this region is expected to be substantial.

What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Intelligent Emergency Response Systems and Infrastructure (IRIS) Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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