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Voice Evacuation Systems Market to Grow by USD 1.1 Billion (2024-2028), Real Estate and Construction Boosts Growth, AI Impact on Trends – Technavio

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NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global voice evacuation systems market size is estimated to grow by USD 1.1 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.84% during the forecast period. Growth of real estate and construction industry is driving market growth, with a trend towards adoption of lot in building control systems. However, high initial cost of installation of voice sounder and loudspeakers poses a challenge. Key market players include 4EVAC Hacousto Holland BV, ABB Ltd., Ambient System SP ZOO, ATEIS International SA, Audico Systems Oy, Baldwin Boxall Communications Ltd., Cofem SA, Eaton Corp. Plc, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc, Mircom Group of Companies, NAFFCO FZCO, OPTIMUS SA, ORR Protection Systems Inc., Protec Fire and Security Group Ltd., Robert Bosch GmbH, Siemens AG, TOA Corp., and Zeta Alarms Ltd..

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Voice Evacuation Systems Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 16.84%

Market growth 2024-2028

USD 1100 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

16.05

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 40%

Key countries

US, China, India, Germany, and Russia

Key companies profiled

4EVAC Hacousto Holland BV, ABB Ltd., Ambient System SP ZOO, ATEIS International SA, Audico Systems Oy, Baldwin Boxall Communications Ltd., Cofem SA, Eaton Corp. Plc, Hochiki America Corp., Honeywell International Inc., Johnson Controls International Plc, Mircom Group of Companies, NAFFCO FZCO, OPTIMUS SA, ORR Protection Systems Inc., Protec Fire and Security Group Ltd., Robert Bosch GmbH, Siemens AG, TOA Corp., and Zeta Alarms Ltd.

Market Driver

Voice evacuation systems, also known as voice alarm systems, are becoming increasingly popular for emergency communication in public facilities, commercial buildings, industrial sites, educational institutions, and healthcare facilities. These systems use spoken messages to alert individuals of potential risks, such as fire breakouts, in a calm and clear manner. This trend is driven by the need for safe evacuation during unprecedented events, ensuring the safety and awareness of individuals in secure environments. Traditional fire alarm systems have limitations, such as the use of horns or chimes which can cause panic. Voice evacuation systems offer a more effective solution by providing customized messages and clear instructions. The initial financial investment for voice evacuation systems can be higher than traditional systems due to necessary equipment, customization, and professional installation services. However, the long-term benefits, including cost savings from retrofitting existing buildings and seamless communication with building automation systems, make it a worthwhile investment. The decision-making process for potential clients includes considering the building size, complex zoning, and existing building technologies. Voice evacuation systems offer interoperability with smart building technologies, elevators, and real-time monitoring, making them a converging solution for safety and security. With the industry shift towards innovative technologies, compatibility challenges with existing building technologies and communication protocols are being addressed. Safety and wellbeing are top priorities for private buildings, residential areas, public sector undertakings, industrial units, governments, and corporations. Voice evacuation systems are an essential part of safety solutions, ensuring social consideration for individuals with disabilities, impairments, and an ageing population. These systems offer a critical infrastructure for emergency communication, providing effective solution for evacuation during fire incidents. 

The Internet of Things (IoT) has revolutionized building systems and safety equipment by enabling interconnected devices to exchange data over a network. Traditionally, voice evacuation systems operated independently. However, integrating IoT technology has significantly improved their functionality. This integration enhances data and control management, ensuring quick response and notification without human intervention. The development of mesh networks further supports connectivity, allowing every device to function as a node to a central location. This advancement in technology not only increases reliability but also eliminates redundancy, making voice evacuation systems more efficient and effective. 

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 Market Challenges

Voice evacuation systems are essential safety solutions for public facilities, commercial buildings, industrial facilities, educational institutions, and healthcare facilities. These systems deliver spoken messages during emergencies like fire breakouts, unprecedented events, or fire incidents. Traditional alarm systems using horns or chimes can cause panic and confusion. Voice evacuation systems provide clear instructions for safe evacuation, enhancing safety, awareness, and security. However, adopting voice evacuation systems comes with challenges. Cost is a significant factor, influenced by building size, necessary equipment, and professional installation services. Complex zoning, customization, and hardware costs add to the initial financial investment. Custom content and audio quality are essential considerations. Retrofitting existing buildings with voice evacuation systems can be complex due to interoperability issues with existing building technologies, communication protocols, and compatibility challenges. Critical infrastructure like airports, stadiums, and other public spaces require evacuation systems to ensure safety and wellbeing. Safety and social considerations, such as an ageing population, disabilities, and impairments, necessitate innovative technologies and assistance in understanding risks. The convergence of voice evacuation systems with smart building technologies, building management, real-time monitoring, and building automation systems offers seamless communication and evacuation processes. The industry shift towards voice evacuation systems underscores the importance of professional skills in installation and design, as well as the need for preloaded messages and custom content. The decision-making process for potential clients includes considering the potential risks, necessary equipment, and the benefits of voice evacuation systems over traditional alarm systems.Voice evacuation systems are essential safety features in residential, commercial, and industrial sectors. In small and mid-size buildings, the cost of deploying these systems includes hardware installation, which is the largest expense, and minimal service and maintenance costs. However, in large buildings and high-rise residential complexes, regulations mandate the installation of automated emergency alarms and voice evacuation systems, leading to higher procurement and setup costs. In the commercial sector, especially healthcare facilities, educational institutions, and hotels, the expense of installing multiple systems, including emergency alarm control systems, is significant. Overall, the cost of voice evacuation systems varies depending on the size and complexity of the building or facility.

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Segment Overview

This voice evacuation systems market report extensively covers market segmentation by

End-user 1.1 Commercial sector1.2 Industrial sector1.3 Residential sectorType 2.1 Voice sounders2.2 Loudspeakers2.3 Emergency microphones2.4 Networked and wireless systemGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Commercial sector- The commercial sector is experiencing significant growth in the voice evacuation systems market due to increased regulations and safety awareness. This trend is driven by stringent government requirements and user education in various countries. The global market is also benefiting from rising foreign direct investment and construction activity in emerging economies. A major technological advancement is the integration of voice evacuation systems with fire alarms and security control systems. However, compatibility and interoperability challenges persist when integrating these systems with existing infrastructure. Mature markets like the US, Canada, and parts of Europe will primarily focus on replacement activities and software upgrades. In contrast, the Middle East and Africa (MEA) region, particularly Dammam in Saudi Arabia, is poised for substantial growth due to commercial hub development and expanding retail sectors. Key projects like the Al-Rehab project in Dammam are expected to boost market expansion during the forecast period.

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Research Analysis

Voice evacuation systems, also known as voice alarm systems, are essential components of modern public address (PA) systems designed to ensure safety and order during emergency situations. These systems use spoken messages to alert and guide people in buildings during unprecedented events such as fire breakouts. They are installed in various public facilities, including private buildings, residential areas, public sector undertakings, industrial units, government establishments, and new age constructions. The voice evacuation system is a crucial part of a building’s ecosystem, prioritizing safety and wellbeing, and is a matter of corporate social responsibility and strict safety laws. The system’s detectors trigger a preloaded message, which may include instructions on the nature of the emergency and the safest evacuation routes. The message can be delivered through a voice alarm or a combination of voice and horn or chime. The effective implementation of voice evacuation systems requires professional skills and adherence to industry standards.

Market Research Overview

Voice evacuation systems, also known as voice alarm systems, are essential safety solutions designed to ensure safe evacuation of individuals in public facilities and buildings during fire breakouts or unprecedented events. These systems use spoken messages instead of traditional alarm systems with horns or chimes to provide clear instructions and reduce panic. Public facilities, commercial buildings, industrial facilities, educational institutions, and healthcare facilities all benefit from voice evacuation systems, prioritizing safety, awareness, security, and the wellbeing of individuals. The adoption of voice evacuation systems is driven by potential risks such as fire incidents and the need for evacuation systems to protect assets. Traditional alarm systems may not provide adequate communication during emergencies, making voice evacuation systems a cost-effective and necessary investment for buildings of all sizes. Customization is a crucial factor, with prefabricated messages and custom content available to cater to specific building needs. Audio quality, initial financial investment, and necessary equipment are essential considerations in the decision-making process. Professional installation services ensure seamless communication and interoperability with existing building technologies, including building management systems, elevators, and smart building technologies. Voice evacuation systems are increasingly important in private buildings, residential areas, public sector undertakings, industrial units, government establishments, and new age buildings. The safety and wellbeing of individuals, corporate social responsibility, and strict safety laws are driving the industry shift towards voice evacuation systems. Existing buildings may require retrofitting with voice evacuation systems, posing challenges related to existing building technologies, communication protocols, and compatibility with proprietary technologies. Critical infrastructure and converging technologies, such as building automation systems, elevators, and real-time monitoring, are essential considerations in the adoption of voice evacuation systems. The voice evacuation system market is continually evolving, with innovative technologies addressing consumer requirements and addressing the unique needs of various sectors. Detectors, preloaded messages, and modern designs are essential components of voice evacuation systems, ensuring effective and efficient evacuation during emergencies. The understanding of risks, social considerations, and the ageing population, disabilities, and impairments are crucial factors in the design and implementation of voice evacuation systems.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userCommercial SectorIndustrial SectorResidential SectorTypeVoice SoundersLoudspeakersEmergency MicrophonesNetworked And Wireless SystemGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

AVAILABILITY OF ANNUAL GENERAL AND SPECIAL MEETING MATERIALS AND ALTERNATIVE VOTING PROCEDURES

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17 minutes ago

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November 27, 2024

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TSXV – AGAG

VANCOUVER, BC, Nov. 26, 2024 /CNW/ – Argenta Silver Corp. (TSXV: AGAG) (“Argenta” or the “Company”) announces that, due to the current delays and suspension of mail service in Canada due to the nationwide strike of the Canadian Union of Postal Workers that commenced on November 15, 2024 (the “Postal Strike”), the notice of meeting and information circular (the “Meeting Materials”) for its upcoming annual and general special meeting being held on Tuesday December 17, 2024 (the “Meeting”) have not yet been mailed, but have been posted and are accessible on the Company’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at www.argentasilver.com.  Shareholders of the Company are encouraged to access the Meeting Materials directly through the above-mentioned websites, or may contact the Company’s transfer agent, Computershare Trust Company of Canada (“Computershare”) toll-free between the hours of 8:30 AM and 8:00 PM EST at 1-800-564-6253 or email at service@computershare.com to request copies of the Meeting Materials. In the event that the Postal Strike ends prior to the Meeting, the Company will mail the Meeting Materials in the normal course, but there can be no assurance that the Meeting Materials will be received by the shareholders prior to the Meeting.  The Company is in the process of evaluating its options with respect to relief from the mailing requirements for the Meeting Materials and will provide an update if and when such relief is granted.

How Registered Shareholders Can Vote

Registered shareholders are shareholders who hold their shares directly in the Company, and not through a brokerage account or depository company. The Company is advised that registered shareholders may submit their votes by proxy by completing the form of proxy available on the Company’s SEDAR+ profile or on the Company’s website (both linked above) and sending the completed proxy to Computershare by email at service@computershare.com. Registered shareholders who require assistance submitting their votes by proxy may contact Computershare toll-free between the hours of 8:30 AM and 8:00 PM EST at 1-800-564-6253 or email at service@computershare.com.

How Beneficial Shareholders Can Vote

Beneficial shareholders are shareholders who hold their investment through a brokerage house, depository company or other intermediary.  Beneficial shareholders should contact their brokerage house or depository company or other intermediary and ask to obtain their voting control number and the steps of how to vote, which could include internet voting, completing a form of proxy and emailing it, directing your broker over the phone on how you wish to vote or some other method as described by your brokerage house or depository company.

Financial Statements and MD&A

Copies of the Company’s annual financial statements and related management discussion and analysis for the year ended December 31, 2023, as well as interim financial statements and related management discussion and analysis for the quarterly periods ended March 31, 2024 and June 30, 2024  (collectively, the “Financial Statements and MD&A”) have been filed and are available on the Company’s SEDAR+ profile at www.sedarplus.ca.

The Company will provide physical copies of the Financial Statements and MD&A to securityholders upon request by phone at 604-609-6100 or email at mborthwick@fiorecorporation.com.  Following the conclusion of the Postal Strike, shareholders requesting Financial Statements and MD&A will be delivered those documents in the ordinary course.

About Argenta Silver Corp.

Argenta Silver Corp. is a focused silver exploration company committed to advancing projects that support the global energy transition. Our mission is to create sustainable, long-term value for shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions across Latin America. Led by an experienced management team with deep expertise in exploration, finance, and project development, Argenta takes a disciplined, strategic approach to growth. With a strong emphasis on responsible mining practices, we are well-positioned to meet the rising demand for silver—a critical metal in renewable energy and emerging technologies—while building a lasting and successful company.

On behalf of Argenta Silver Corp.

“Geir Liland”      

Chief Executive Officer

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE Argenta Silver Corp.

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Auriemma Group Uncovers Whether Stored Value Accounts are a Replacement to Traditional Banking

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November 27, 2024

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The rapid evolution of FinTech solutions continues to reshape consumer perceptions of banking, with stored value accounts (SVAs) emerging as a potential competitor to traditional banking accounts and cards. Auriemma Group’s latest issue of The Payments Reports uncovers positive sentiments around SVAs, underscoring their role in the financial ecosystem and raising questions about their long-term viability as a banking alternative.

NEW YORK, Nov. 26, 2024 /PRNewswire-PRWeb/ — The rapid evolution of FinTech solutions continues to reshape consumer perceptions of banking, with stored value accounts (SVAs) emerging as a potential competitor to traditional banking accounts and cards. Auriemma Group’s latest issue of The Payments Reports uncovers positive sentiments around SVAs, underscoring their role in the financial ecosystem and raising questions about their long-term viability as a banking alternative.

While stored value accounts offer benefits like lower fees and faster transactions, traditional banks deliver stability, security, and trust—advantages that consumers continue to value.

SVAs offered by providers like PayPal and Venmo allow consumers to preload or receive funds and use them for a variety of transactions. Auriemma’s research shows that 61% of debit cardholders view SVAs as at least complementary to traditional banking, while 31% believe these accounts could replace at least some banking functions. Notably, 8% feel SVAs could entirely replace traditional banking services.

“Stored value accounts represent an important evolution in financial tools, but the collapse of Synapse underscores the risks of fintech intermediaries not covered by the FDIC,” says Jonathan O’Connor, Senior Manager of Research at Auriemma Group. “While stored value accounts offer benefits like lower fees and faster transactions, traditional banks deliver stability, security, and trust—advantages that consumers continue to value.”

What Can Traditional Banks Do?

SVAs are causing a modest stir among cardholders. Less than three-in-ten say they would be likely to use the option if offered by a FinTech provider. However, as SVAs grow in popularity, traditional banks can differentiate themselves by doubling down on their strengths and addressing evolving consumer needs. Auriemma’s research highlights several strategies banks can use to endear themselves to current and potential customers:

Building Trust: Traditional banks should emphasize their strong track record of security—including FDIC backing—and fraud prevention. Providing clear, transparent policies and educating customers about safeguards can build trust that SVAs may not yet fully inspire.
 Enhanced Digital Experiences: Streamlining mobile and online banking interfaces can help banks compete with the tech-first approach of FinTechs. User-friendly apps with integrated budgeting tools, instant payments, and easy account management could make a significant difference.
 Personalized Financial Products: Banks can leverage their broad customer data to offer tailored financial products, such as personalized savings plans or rewards programs that align with individual spending habits.
 Bundled Offerings: By packaging SVAs with more traditional banking services—like high-yield savings accounts, credit cards, and loans—banks can create holistic financial solutions that FinTechs may struggle to match.

Opportunities for Growth

Most of those who have used a SVA with a FinTech provider say they would likely use more of that provider’s products, if available. This highlights the possibility of expansion SVAs create for those who use them. While largely benefiting FinTechs hoping to expand into other financial services, SVAs could also be a gateway for traditional banks hoping to deepen their relationship with new and existing customers.

“Traditional banks have the advantage of deep customer relationships, established financial stability, and the trust that comes with rigorous regulatory oversight. By leaning into these strengths and innovating alongside FinTechs, banks can remain central to their customers’ financial lives,” says O’Connor.
“Our research shows that the future of banking will likely blend the reliability of traditional institutions with the agility and accessibility of modern FinTech solutions, creating a dynamic ecosystem that meets a diverse set of consumer needs.”

Media Contact

Jonathan O’Connor, Auriemma Group, 1-646-437-6116, jonathan.oconnor@acg.net, www.auriemma.group

View original content:https://www.prweb.com/releases/auriemma-group-uncovers-whether-stored-value-accounts-are-a-replacement-to-traditional-banking-302316988.html

SOURCE Auriemma Group

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6D Technologies Recognized as ‘Best of IT Service Excellent Gold Partner of the Year’ at Smartfren Awards 2024

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November 27, 2024

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BENGALURU, India, Nov. 27, 2024 /PRNewswire/ — 6D Technologies is honored to announce its receiving of the ‘Best of IT Service Excellent Gold Partner of the Year’ at the prestigious Smartfren Awards 2024. This recognition highlights 6D Technologies’ relentless commitment to delivering innovative and impactful IT solutions that drive success for Smartfren and its customers.

6D Technologies’ partnership with Smartfren spans multiple years of collaboration, innovation, and shared growth. By consistently delivering customized solutions and exceptional service, 6D Technologies and Smartfren have become trusted partners in their journey of digital transformation. 

“We are incredibly proud to be recognized as the ‘Best of IT Service Excellent Gold Partner of the Year’. This award reflects our commitment to fostering strong partnerships and providing groundbreaking solutions that empower our clients to lead in a digital-first world. Thank you, Smartfren, for this esteemed recognition. Together, we continue to set benchmarks for innovation and excellence!” said Abhilash Sadanandan, Co-Founder and CEO of 6D Technologies. 

About Smartfren Awards

The Smartfren Awards celebrate outstanding achievements and partnerships that propel the company’s mission of innovation and excellence. This annual event acknowledges the critical contributions of partners who share a vision for driving progress and enriching customer experiences. 

About 6D Technologies

6D Technologies is a global leader in digital transformation solutions, offering cutting-edge technologies in areas like digital BSS, AI, IoT, Digital Financial Solutions, and more. With a customer-first approach and a proven track record, 6D Technologies empowers enterprises to navigate the complexities of today’s digital landscape and achieve sustainable growth.

 

SOURCE 6D Technologies

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