Rockville, MD -- (SBWIRE) -- 05/02/2018 -- An analytical report by Fact.MR delivers key insights on global voice evacuation system market, highlighting the drivers, restraints, opportunities, and trends impacting this landscape. The need for communication with large group of individuals in hazardous situations is a key factor driving growth of the global voice evacuation systems market. This is bound to impact volume sales of voice evacuation systems. The research study offers a holistic analysis on the global voice evacuation system market for the forecast period 2018 to 2027.
Key companies involved in the manufacturing of voice evacuation systems have been profiled in this report. Further, analysis of key company's product portfolio, SWOT analysis, key financials such as shares and sales, as well as strategies implied to gain competitive advantage have been incorporated in this report. Bosch Security Systems, Inc., Honeywell International, Inc., Protec Fire Detection Plc., and Siemens Building Technologies are among the leading participants profiled in the report.
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Demand for Quick and Smart Voice Evacuation Systems Influencing Key Companies to Focus on R&D Activities
Detectors that clearly announce danger with preloaded message have become increasingly popular, as studies have showed that people are increasingly responsible to recorder messages than tones from horn or chime. Effective voice alarm and safe evacuation of individuals needs professional skills in installation and design to make sure that emergency messages are clearly understandable and the system fulfill needs of a company's on-site emergency strategy. Creation of emergency plan must include emergency services and insures to identify types of risk, areas of risk, as well as required response time. Demand for quick and smart voice evacuation system is forcing key companies to focus on research and development to innovate product that satisfies the demand from end-use industries.
Voice-based systems are widely accepted in fire and safety market, which is a key driver for the growth of the global voice evacuation system market. Improving regulations and guidelines by governments of various countries are resulting into increase in demand for voice evacuation systems, penetrating lower tiers of the market and opening up mass market opportunities to drive growth. This is likely to lead more companies to enter into the market, often selling complaisant products at lower prices than rivals. Owing to intensifying competitive pressure, Tier–I companies will increasingly concentrate on high-value applications for protection of infrastructure and smart buildings to stay at forefront in the global voice evacuation systems market.
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Increasing Emphasis on Boosting Safety Apparatus Leading to Increasing Adoption of Voice Evacuation System
Risk of serious injury or death is clearly the most essential influence on safety planning. The responsibility to protect people, business and property has brought into sharp focus when the potential consequences are considered. In fact, reputation is the increasing concern of various companies with digital and social media empowering the wider public to publish and share views across the globe. From offices to commercial sector, and from airports to stadiums, rise in human footfall in public as well as commercial places has been observed. Additionally, complexity of escape routes has intensified to reflect sheer diversity of modern as well as current designs. Necessity to be prepared for all scenarios is improved by social consideration such as ageing population with disabilities or impairments that might require assistance. Set against this background, improved understanding of risks combined with innovative technologies such as ability to make evacuation safer by tailoring solutions to meet various situations.
Bosch Introduces "One-Stop-Shop" Solution
In line with the latest European standards Bosch Security System provides a new 'one-stop-shop' solution with voice and fire alarm integration to satisfy rising demand as well as consumer requirements within the safety segment. The new fire alarm system designed by Bosch utilize a serial RS232 interface that is linked to Voice Alarm system and Plena Public Address. This is unique system on the back of single manufacturer source and considerable reduction of hardware cost and cabling.
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