Market Trends of Intelligent Emergency Response Systems and Infrastructure (IRIS) Industry
This section covers the major market trends shaping the Intelligent Emergency Response Systems & Infrastructure Market according to our research experts:
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 structure of these systems became compact. Moreover, they are now cheaper to manufacture due to developments in MEMS technology. These are some of the factors enabling the adoption of IRISs. This factor, in turn, adds to the growth of the market.
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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.
- the governments in the region are also investing in IRIS to tackle the natural calamities. The Government of India allocated rupees 321 crores for the implementation of emergency response systems across the country.
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Intelligent Emergency Response Systems and Infrastructure (IRIS) Report Snapshots
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Size
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Share
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Market Trends
- Intelligent Emergency Response Systems and Infrastructure (IRIS) Companies
