DUBLIN, Oct. 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/rjv4r3/global) has announced the addition of the "Global Intelligent Emergency Response System and Infrastructure (IRSI) Market - Trends and Forecasts (2015-2020)" report to their offering.
The demand for IRSI solutions is expected to witness CAGR of 7% over the forecast period, to reach total market value of $95.88 billion by end of 2020.
The major components for Global Intelligent Emergency Response System and Infrastructure market is dominated by the sensors accounting for 40.31% share followed by Detectors and Programmable Logic Controller (PLC). Owing to the fastest-growth in some of the verticals such as industrial, energy & power and mining and modernization of the existing industrial/commercial buildings as well as the new constructions will be the key driver, positively impacting the sensors usage in IRSI solutions.
Whereas, emergence of Decision Support System (DSS) with new features and models is expected to change the market dynamics for IRSI market, as these advancements will further change the scenario for different regions.
North America accounts for largest market share of 34.23% in 2014 followed by Europe. United States, accounting for $9.38 billion in 2014, remains to be the key region driving the North America's growth, owing to rising need for new standards & regulations to rejuvenate emergency response in the nations.
However, growing economy, shift in focus of the government towards advanced solutions with public-private partnerships and increasing penetration of advanced technological solutions in emergency situations is expected to drive Asia-Pacific region for the forecast period.
The application of IRSI encompasses multiple sectors, such as Oil, Gas and Power, Defense, Mining and others. But, the major growth in the intelligent emergency response system market is coming from the defense segment due to the need to upgrade or replace obsolete emergency response systems.
Some of the major players mentioned in the report are Honeywell, Bosch, Axis, Digital Acoustics, AtHoc Inc. and Everbridge Inc.
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Dynamics
6. Market Segmentation
7. Competitive Assessment
8. Market Landscape
- Vodafone Group
- TOA Corporation
- UNI-PEX Co. Ltd
- Denyo Co. Ltd
- Micron Technologies
- Cooper Industries
- Athoc Inc.
- Vocal Technologies
- Digital Acoustics
- Everbridge Inc.
For more information visit http://www.researchandmarkets.com/research/rjv4r3/global
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SOURCE Research and Markets