Global Intelligent Emergency Response Systems and Infrastructure (IRSI) Market - 2023-2030

Overview

Global Intelligent Emergency Response Systems and Infrastructure (IRSI) Market reached US$ 1.3 Billion in 2022 and is expected to reach US$ 2.1 Billion by 2030, growing with a CAGR of 6.1% during the forecast period 2023-2030.

Increased interest and investments from the private sector, including technology companies and startups, drive innovation and the development of new IRSI solutions. Private sector involvement often accelerates the market growth by introducing cutting-edge technologies. Various industries, such as energy and transportation, are subject to regulatory requirements that mandate the implementation of robust emergency response systems. Compliance with these regulations stimulates market growth.

Globally growing consumers awareness about life safety helps to boost market growth over the forecast period. For instance, on May 24, 2023, Volvo Trucks launched new safety systems that helps to increase safety of cyclists and pedestrians and also facilitate the drivers' work. Using a front radar and camera, the system is meant to determine if there is a cyclist or pedestrian in the risk area in front of the truck and alert the driver if there is a high likelihood of a collision. A new door opening warning system is another feature. The device is intended to sound an alert whenever a vehicle, bicycle approach the truck from the rear on the same side as the door is open.

Asia-Pacific is a dominating region in the global intelligent emergency response systems and infrastructure (IRSI) market due to increasing consumer awareness about safety. Public safety and emergency response are prioritized by governments in the Asia-Pacific as integral components of their policy initiatives.

The implementation of regulations and standards that encourage the adoption of intelligent emergency response systems drives market growth. Ongoing investments in critical infrastructure projects, including transportation, healthcare and energy, contribute to the demand for intelligent emergency response systems to safeguard these assets.

Dynamics

Technological Advancements

Wearables, cameras, sensors and other Internet of things devices provide situational awareness and real-time data. The helps with efficient resource allocation and enables quick, informed decision-making in emergency situations. Artificial Intelligence and Machine Learning algorithms facilitate intelligent data analysis and the automation of specific emergency response processes. The technologies helps to improve the speed and precision of decision making enabling more efficient resource allocation and response coordination.

Cloud-based solutions streamline the storage, sharing and instantaneous access to crucial information.The ensures that relevant data is available to emergency responders regardless of their location, improving overall coordination and communication. Geographic information system and other geospatial technologies enable the mapping of emergency incidents, resource locations and affected areas. The spatial awareness enhances the precision of response efforts and resource deployment.

Growing Concerns about Public Safety Globally

Rising concerns about public safety underscore the need for communities organizations and governments to prioritize preparedness and resilience against various emergencies and disasters. IRSI systems are key components in building a more robust and responsive emergency infrastructure. The recognition that timely and effective response is crucial in mitigating the impact of emergencies, be it natural disasters, accidents or security incidents, drives the adoption of IRSI systems. The systems are designed to reduce response times and enhance overall situational awareness.

Growing Governments initiatives for the public safety helps to boost market growth over the forecast year. For instance, on September 11, 2023, Alberta government launched new protocols to address increasing concerns about violence being committed in the province's major cities. The government's latest strategies include changes to bail process and the creation of "targeted prosecution units.

High Implementation Costs Hampers Market Growth

Many organizations, particularly smaller ones or those in resource-constrained sectors face limitations in allocating budgets for the implementation of IRSI systems. The upfront costs are prohibitive for entities with tight financial constraints. Public sector organizations, such as government agencies and municipalities responsible for public safety, often operate under tight budgets. The high implementation costs pose challenges for these entities in adopting advanced IRSI solutions on a large scale.

Small and medium-sized enterprises, which lack the financial resources of larger corporations, are hesitant to invest in IRSI systems due to concerns about the overall costs. The results in delayed adoption or limited utilization of advanced emergency response technologies. Organizations evaluate the expected return on investment for IRSI systems. If the perceived benefits do not outweigh the upfront costs, decision-makers are reluctant to commit to the implementation, impacting market growth.

Segment Analysis

The global intelligent emergency response systems and infrastructure (IRSI) market is segmented based on type, component, communication, deployment, end-user and region.

Growing Adoption of Intelligent Emergency Response Systems and Infrastructure (IRSI) Services Globally Helps to Boost Market Growth

Based on the components, the intelligent emergency response systems and infrastructure (IRSI) market is segmented into hardware, software and services. As awareness grows among organizations and governments globally regarding the significance of emergency preparedness, there is an increased need for all-encompassing IRSI services.

The services provide complete solutions for the entire spectrum of emergency response, encompassing planning, implementation and management. There is a growing inclination among organizations to acquire integrated and thorough solutions that address multiple facets of emergency response, such as communication, surveillance, incident management and data analytics. IRSI services adopt a holistic approach, contributing to a smooth and efficient emergency response.

IRSI services facilitate collaboration and interoperability among different emergency response entities, including government agencies, first responders and private organizations. Interconnected systems improve the overall coordination of resources during emergencies. For instance, on April 25, 2023, TeleAlarm Europe GmbH, a leading provider of home emergency call systems and solutions and Skyresponse AB collaborated to launch Cloud Monitoring System (CMS). The collaboration seeks to combine Skyresponse's advanced technology with TeleAlarm's portfolio to deliver a dependable and innovative solution for managing emergency responses in the care of the elderly and individuals requiring assistance.

Geographical Penetration

Asia-Pacific is a Dominating Region in the Intelligent Emergency Response Systems and Infrastructure (IRSI) Market Due To Technological Advancement

The Asia-Pacific houses a sizable and swiftly expanding population. The surge in urbanization, particularly in nations such as China, India and Southeast Asian countries, underscores a heightened requirement for sophisticated emergency response systems to navigate and tackle the complexities of densely populated urban regions. Certain countries within the Asia-Pacific stand as pioneers in technological progress. In technologically advanced economies, there is often a greater inclination towards embracing cutting-edge technologies, including those associated with intelligent emergency response.

Major key players in the Asia-Pacific taking initiatives to increase intelligent emergency response systems and launching new products in the market that helps to boost regional market growth over the forecast year 2023-2030. For instance, on August 31, 2023, 56 Secure, India's pioneering connected security platform launched its Ultra-Fast SOS System, an unparalleled stride in emergency response technology.

Competitive Landscape

The major global players in the market include Axis Communications AB, BlackBeery AtHoc Inc., Cobalt Inc., FPT Software, Eaton Corporation PLC, Enera Inc., Everbridge, Inc., Honeywell International, Inc., RapidSOS, Robert Bosch GmbH.

COVID-19 Impact Analysis

The COVID-19 pandemic highlighted the importance of effective emergency response systems. Governments and organizations have increased their focus on enhancing and investing in intelligent emergency response infrastructure to better handle public health emergencies. With lockdowns and social distancing measures in place, there has been an increased demand for remote monitoring and communication solutions within the IRSI market. Technologies enabling remote incident management and communication gained prominence.

The pandemic led to disruptions in global supply chains. Manufacturers in the IRSI market have faced challenges related to the sourcing of components, leading to potential delays in production and delivery. The implementation of IRSI solutions has been impacted by lockdowns and restrictions on physical movements. Deployment of on-premises systems has faced delays and organizations might have shown a preference for cloud-based solutions that allow remote access and management.

Russia-Ukraine War Impact Analysis

Geopolitical tensions and conflicts disrupt global supply chains. Key components or technologies for IRSI systems are sourced from the regions affected by the conflict, which led to supply chain disruptions, affecting the production and availability of IRSI solutions. Governments involved in conflicts reprioritize their budgets, potentially leading to changes in spending on various sectors, including emergency response systems. The allocation of resources to defense and security measures influences investments in IRSI technologies.

Geopolitical events create uncertainty in the global market, impacting investor confidence and decision-making. Companies in the IRSI market face challenges related to market volatility and changing economic conditions. The impact on the IRSI market varies regionally. Conflict disrupts infrastructure and emergency response capabilities in specific regions, so there is an increased demand for IRSI solutions in those areas.

By Type

• Physical Security
• Life Security
• Facility Management Security
• Others

By Component

• Hardware
• Software
• Services

By Communication

• Wireless Communication
• Wired Communication

By Deployment

• On-Premises
• Cloud-Based

By End-User

• Government and Defense
• Transportation
• Energy and Utilities
• Public Safety
• Oil & Gas
• Mining
• Education
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On October 06, 2022, AB Dynamics and Dynamics Research Inc (DRI) launched the ADAS soft target product, the Soft Motorcycle 360. The Soft Motorcycle 360 is a cutting-edge powered two-wheeler (PTW) test target that was created as a potent way to increase motorcycle rider safety.
• On July 04, 2023, Idhammar Systems Limited, a leading provider of maintenance and asset management solutions launched Idhammar Response, cutting-edge cloud-based Asset Management software designed specifically for emergency services.
• On July 24, 2023, NTT DATA, a global digital business and IT services leader launched an outsourcing service for security management to prevent incidents and minimize damage when incidents occur.

Why Purchase the Report?

• To visualize the global intelligent emergency response systems and infrastructure (IRSI) market segmentation based on type, component, communication, deployment, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of intelligent emergency response systems and infrastructure (IRSI) market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global intelligent emergency response systems and infrastructure (IRSI) market report would provide approximately 77 tables, 81 figures and 237 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies