Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Size

Intelligent Emergency Response Systems & Infrastructure Market Analysis

The Intelligent Emergency Response Systems and Infrastructure Market size is estimated at USD 1.36 billion in 2024, and is expected to reach USD 1.88 billion by 2029, growing at a CAGR of 6.64% during the forecast period (2024-2029).

Intelligent emergency response system and infrastructure (IRIS) comes into effect during emergencies, either natural catastrophes or human-made. During such situations, the respective health and public administration bodies are alerted using IRSIs. It is directly linked to the telecommunication and satellite ecosystems that have been enhanced immensely for superior data transmission and accurate image capture.

• 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.