LONDON–(BUSINESS WIRE)–Jan 11, 2019–The global voice evacuation systems market research report by predicts the market to post a CAGR of around 11% during the period 2019-2023.

Technavio has released a new market research report on the global voice evacuation systems market for the period 2019-2023. (Graphic: Business Wire)

A key driver for the global voice evacuation systems market is the growth of the real estate and construction industries. There is an increase in hospitality, tourism, and residential construction projects due to the growth of the real estate industry, which has resulted in a demand for emergency alarm and evacuation systems, including voice evacuation systems. The rapid urbanization and substantial investments in infrastructure have been aiding the global construction industry to grow.

Global voice evacuation systems market: Adoption of IoT in building control systems

The development of IoT has resulted in continuous growth in integrating IoT with building systems as well as safety equipment. IoT enhances data and control management without the need for human intervention. Traditionally, the voice alarm systems have been handled independently without any embedded support. But, changes in technology and integration of these technologies with existing systems have enhanced the reliability and eliminated redundancy and ensured quick response and notification.

“The development of mesh networks, which can connect every device as a node to a central location is anticipated to support the connectivity of all devices and support data collection. The organizations, which develop codes and standards will also play an essential role in developing codes such as NFPA 72 that are in line with the technological advances,” says a senior research analyst at Technavio.

Global voice evacuation systems market: Segmentation analysis

This voice evacuation systems market analysis report segments the market by end-user (commercial sector, industrial sector, and residential sector) and geography (the Americas, APAC, and EMEA).

The commercial sector held the largest voice evacuation systems market share in 2018, accounting for nearly 42% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The EMEA region led the market in 2018 with approximately 36% of the market share, followed by the Americas and APAC respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market ecosystemMarket characteristicsMarket segmentation analysis

Market definitionMarket size and forecast

Geographical Segmentation

Regional comparisonKey leading countries

Vendors coveredVendor classificationMarket positioning of vendorsCompetitive scenario

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

CONTACT: Technavio Research

Media & Marketing Executive

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE AUDIO/VIDEO SECURITY MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/11/2019 11:35 AM/DISC: 01/11/2019 11:35 AM

Copyright Business Wire 2019.

(Excerpt) Read more Here | 2019-01-11 16:35:51
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