The intelligent emergency response systems market worldwide was estimated to be around $63 billion in 2013 and is currently expected to reach $118 billion in 2018. One of the chief reasons for this is definitely due to the demands from the mining sectors around the globe.
Coal mines and other mining centers are known to be the major contributors to the economy of a country, and they are also known to be the center for the highest number of casualties. These industries are the major contributors to the global intelligence emergency response system market, as the safety of people is the main concern of mining at present. Modern technologies have improved the operational environments for underground miners, with a significant number of safety measures included, along with sets of emergency response teams. To this field, the intelligent emergency response systems that are installed contribute heavily, and it has, till date, saved countless lives by sending emergency alerts within seconds from the event.
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Generally, these are technology based responder systems, which come in handy in times of emergency. Terrorist attacks, earthquakes, floods are some of the emergency situations when these systems show an immediate picture of the damage and other details straight to the concerned party, like the government, or the management, and also to the medical responder teams. They also help in sending alerts to a larger audience in the affected regions, with customized content or directions, like exit routes, or safe locations. GIS, or Geographical Information Systems, that are based on mapping, plays a crucial role in the planning of system installations across a given area, for monitoring purposes.
The market for intelligence emergency response system is divided into several parts, for example, by different product types, like perimeter intrusion systems, backup generators, communication, video surveillance, and broadcasting systems. Also, the market can be divided, based on the number of components, like sensors, optical components, wireless chipsets, and PLCs.
The intrusion response system, at present, is a significant emerging market in the security research. These systems run full a diagnosis in order to optimize the alerts. The technology advancements enable them to give information about the impact of the attack and extent of damage that had occurred within a very short time. These assessments help in avoiding similar threats in future, and the process of cleaning up the damage is quicker, because the responses are faster. The countermeasures can also be prioritized accordingly.
Therefore, IndustryARC believes that most of the key players in the market are hopeful about the prospects in the future. The global market for intelligence emergency system has picked up, and is growing at a compound annual growth rate of 13.37%, which is a promising number indeed.
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