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Voice Evacuation Systems Market to grow by USD 1.1 Billion (2024-2028), driven by real estate and construction growth, Report with AI-powered insights – Technavio

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NEW YORK, Dec. 15, 2024 /PRNewswire/ — Report on how AI is driving market transformation – 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., Active Total Security Systems, Edwards Signaling by Carrier Global Corporation, Guangzhou DSPPA Audio Co., Ltd., Heinrich Limited, Hochiki Corporation, PASO S.p.A., Potter Electric Signal Company, LLC, BYD Company Ltd.,Samsung SDI Co., Ltd.,LG Energy Solution,Panasonic Corporation,Tesla
GE Vernova,Hitachi Energy Ltd.,Siemens Energy.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Commercial sector, Industrial sector, and Residential sector), Type (Voice sounders, Loudspeakers, Emergency microphones, and Networked and wireless system), and Geography (APAC, North America, Europe, Middle East and Africa, and South America)

Region Covered

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

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., Active Total Security Systems, Edwards Signaling by Carrier Global Corporation, Guangzhou DSPPA Audio Co., Ltd., Heinrich Limited, Hochiki Corporation, PASO S.p.A., Potter Electric Signal Company, LLC, BYD Company Ltd.,Samsung SDI Co., Ltd.,LG Energy Solution,Panasonic Corporation,Tesla
GE Vernova,Hitachi Energy Ltd.,Siemens Energy.

Key Market Trends Fueling Growth

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 and 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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USRA Mourns the Loss of Dr. Berrien Moore III, a Distinguished Member of the Board of Trustees

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December 20, 2024

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WASHINGTON, Dec. 20, 2024 /PRNewswire/ — It is with deep sadness that Universities Space Research Association (USRA) announces the passing of Dr. Berrien Moore III, an internationally recognized leader in Earth Science and an invaluable member of the USRA Board of Trustees. Dr. Moore passed away on December 17, 2024, in Norman, Oklahoma. He was the Dean of the College of Atmospheric and Geographic Sciences and Director of the National Weather Center at the University of Oklahoma.

Dr. Moore was elected to the USRA Board of Trustees in 2019 and re-elected for a second term in 2022. He served in multiple leadership capacities on the Board, including Chair of the Compensation Committee, inaugural Chair of the University Engagement Committee, and, since 2021, Vice Chair of the Board.

Gen Lester Lyles, Chair of the USRA Board of Trustees said, “We are profoundly grieved by the loss of Berrien Moore, a treasured member of our Board. Berrien was a strong leader and a dedicated advocate for Earth Science. With his wit and charm, Berrien was more than just a colleague, he was a true friend to everyone. On behalf of the entire Board, I extend our heartfelt condolences to Berrien’s family and loved ones during this challenging time.”

Dr. Jeffrey Isaacson, President and CEO of USRA commented, “At USRA, we are deeply saddened by this news. This is a terrific loss for our Association, but we are grateful to have had the privilege of working with Berrien and are indebted by his many contributions. All of us at USRA extend our heartfelt condolences, prayers, and support to his family.”

Dr. Moore served in several capacities with NASA including as Principal Investigator of NASA’s Geostationary Carbon Cycle Observatory (GeoCarb) mission that placed University of Oklahoma at the forefront of climate research. He also served as chair of NASA’s Space and Earth Science Advisory Council, as a member of the NASA Advisory Council, and was on several other committees. As a Coordinating Lead Author for the Intergovernmental Panel on Climate Change, he contributed to the body of work that garnered the 2007 Nobel Peace Prize. His honors include NASA’s highest civilian honor, the Distinguished Public Service Medal for outstanding service, the NOAA Administrator’s Recognition Award, and the 2007 Dryden Lectureship in Research medal by the American Institute of Aeronautics and Astronautics. 

Dr. Moore is survived by his wife Lucia and his daughter Leila.

About USRA

Founded in 1969, under the auspices of the National Academy of Sciences at the request of the U.S. Government, the Universities Space Research Association (USRA) is a nonprofit corporation chartered to advance space-related science, technology, and engineering. USRA operates scientific institutes and facilities and conducts other major research and educational programs. It is an association with 121 university members. It engages the broader university community, employs in-house scientific talent, and offers innovative research, development, and project management expertise. More information about USRA is available at www.usra.edu.

PR Contact:
Suraiya Farukhi
sfarukhi@usra.edu
443-812-6945

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SOURCE Universities Space Research Association

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Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations

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December 20, 2024

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New Collaboration with Green Dot Enables Cash Deposits at Over 7,500 CVS Pharmacy Locations

AUSTIN, Texas and SAN FRANCISCO, Dec. 20, 2024 /PRNewswire/ — Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced a collaboration with Green Dot Corporation (NYSE: GDOT) and CVS Health (NYSE: CVS) to enable deposits for no fee for millions of Varo Bank customers at over 7,500 participating CVS Pharmacy locations nationwide.1 Utilizing Green Dot’s embedded finance platform (Arc) and expansive money movement network, the “Green Dot Network,” Varo customers can now deposit cash at participating CVS Pharmacy locations2 with zero fees. For customers who deposit cash regularly, this means saving $120 or more per year.

Traditional banks often charge fees unless customers maintain specified minimum balances in their accounts or meet monthly direct deposit requirements. In addition, unlike fintech companies that must work through partner banks to set their fee policies, Varo’s charter enables the bank to offer preferential fees and products to its customers.

“As an all-digital bank, Varo is creating low-cost financial solutions designed specifically for the needs of everyday Americans,” said Colin Walsh, Chief Executive Officer at Varo Bank. “This Green Dot collaboration at participating CVS Pharmacy locations eliminates cash deposit fees, making basic banking more convenient and affordable.”

Varo customers have access to a suite of primary banking products that support their financial stability and wellness, including:

Zero bank fees: No monthly, minimum balance, transfer, or overdraft feesFree and fast access to cash:Free cash deposits at 7,500+ CVS Pharmacy locationsFree withdrawals at 40,000+ Allpoint® ATMs nationwide2-day early payday with direct depositsAutomatic cash back rewards on purchasesAbility to qualify for Varo Advance and Varo Line of Credit over time

“We are thrilled to work with Varo and CVS Pharmacy to make banking accessible to millions of American consumers,” said Crystal Bryant-Minter, SVP, Money Movement at Green Dot. “With more than 20 years’ experience delivering seamless banking and payment solutions to consumers and businesses, Arc by Green Dot powers some of the world’s most trusted brands and thousands of other businesses at all stages of growth with seamless, secure and useful financial tools and experiences.”

About Varo Bank
Varo Bank is a new kind of bank – the first nationally chartered consumer tech bank in the U.S., built from the ground up with a focus on the needs of Americans striving to get ahead. From credit building to savings to faster payments, Varo has a complete solution to help everyday Americans make progress in their financial lives. Varo combines the capabilities and nimbleness of a technology company with the security and oversight of a regulated financial institution, enabling agile product design that provides technology-first solutions such as Varo Believe, a secured card to help build credit; Varo Advance, to help stretch hard-earned dollars between paychecks; and a high-yield savings account, offering one of the nation’s highest APYs. Varo has been named as one of the Inc. 5000 2023 fastest growth companies in the U.S., CNBC’s 2023 list of the World’s Top Fintech Companies, one of Forbes’ World’s Best Banks, and Fast Company’s Most Innovative Companies. For more information on Varo Advance, Varo Believe, and other offerings such as Perks, visit www.varomoney.com, like Varo Bank on Facebook, and follow us on Instagram and Twitter @varobank. ©2024 Varo Bank, N.A. Member FDIC.

About Arc by Green Dot
Arc is the embedded finance platform of services featuring all of Green Dot’s secure banking and money processing capabilities designed to fuel value, loyalty and growth for consumers and businesses. Arc by Green Dot powers some of the world’s most trusted brands and thousands of other businesses with seamless, secure and useful financial tools and experiences.

Integrated with Green Dot Bank3Arc provides partners with leading FDIC-insured banking products and tools, plus regulatory and compliance expertise, oversight and support. The Arc platform is cloud-based, modular and scalable by design – configurable to meet a wide range of business needs and goals, and flexible to adapt as our partners grow. Arc’s end-to-end banking services are powered by enterprise-grade APIs and offer partners access to comprehensive customer support, fraud protection, the largest retail deposit and ATM network in the U.S., and much more. For more information, visit greendot.com/arc.

Media Contact   

Audrey Jacobson, for Varo Bank: varobank@consortpartners.com 

1 Fees for optional service may apply
2 Cash deposit is available at all stand-alone CVS locations (through Green Dot Network®) with a cashier in the U.S. except those located within hospitals, on military bases, or in Target. You can deposit between $20–$500 per transaction. A fee may apply for depositing cash at other Green Dot Network® locations.
3 Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. Green Dot Corporation NMLS #914924; Green Dot Bank NMLS #908739.

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SOURCE Varo Bank

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Connected Living for Everyone in the Family

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December 20, 2024

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Smart devices for your home, office and while on the go

MISSION, Kan., Dec. 20, 2024 /PRNewswire/ — (Family Features) Technology is constantly evolving, so it’s not always easy to keep up with the latest gadgets and gizmos. From PCs and smart wearables to earbuds, smartphones, mixed reality devices and beyond, updated devices provide solutions for practical purposes and entertainment alike.

This season’s latest and greatest devices bring new opportunities to explore and engage for everyone – students, parents and everyone in between. With cutting-edge technology and top-tier performance, these innovative devices transform entertainment, empower more connections and help you work together with ease.

Learn more about what’s powering your favorite tech devices at qualcomm.com/snapdragon.

A Classic Comeback
Its launch 20 years ago was groundbreaking, but the Motorola Razr+ expands the boundaries of smartphone technology even further. This stylish, pocket-sized smartphone brings the power of AI to more users’ hands and offers a 50-megapixel, high-res camera system and a host of AI-powered camera features. It’s also one of the world’s first flip phones to feature the Snapdragon 8s Gen 3 Mobile Platform, allowing users to explore AI through accelerated performance, unparalleled connectivity, fast-paced gameplay and better content capture.

See Things Your Way
From music festivals and birthday parties to first steps, graduations and beyond, Ray-Ban Meta Smart Glasses free you from the constraints of a handheld camera. Instead of keeping the world at arm’s length (or missing out on the action completely as you struggle with your smartphone’s lock screen), these smart glasses, powered by the Snapdragon AR1 Gen 1 Platform, let you snap a photo or video clip from your unique point of view, allowing you to relive the moment and truly live in it, too.

Time and Place for Everything
Kids love to move, bounce, run and play, but they love video games, too. Bring these ideas together with Fitbit Ace LTE, powered by the Snapdragon W5 Gen 1 wearable platform, with fully immersive, interactive 3D games on their wrists. Each game is built specifically for the device using haptics, sounds, the accelerometer and more to deliver fun and engaging gameplay. The watch recognizes and rewards all sorts of physical activity, whether playing hide and seek, jumping on the bed or having a dance-off, by unlocking more game time the more they move.

It’s All in Your Head
From watching your favorite TV shows on a cinema-sized screen to your own personal trainer you can take anywhere you go, the Meta Quest 3S mixed reality device offers something for everyone. The headset, which also features multitasking capabilities, gaming and more, is powered by the Snapdragon XR2 Gen 2 Platform and is an ideal choice for someone new to mixed reality and immersive experiences or who might have been waiting for a more affordable upgrade.

Your Partner in Time
If you’re looking for a smartwatch that simultaneously supports your daily activity while motivating you, too, the OnePlus Watch 2 is packed with flagship features, including exceptional battery and charging performance for unrivaled reliability and longevity. It features Dual-Engine Architecture powered by two different flagship chipsets, the Snapdragon W5 performance chipset and the BES 2700 MCU Efficiency chipset, so it’s well-equipped to handle background activity and simple tasks simultaneously with more demanding tasks, like running favorite apps.

Listen and Learn
If you’re looking for a better balance between connecting and disconnecting, Bose Ultra Open Earbuds feature an innovative cuff-shaped design that provides top-level comfort for all-day wear without making you choose between immersive audio and awareness. In addition, because they attach to the side of your ear, you can wear them with glasses, a hat or jewelry and they won’t interfere, and thanks to their integrated Snapdragon Sound Technology Suite, you can count on seamless, robust connectivity.

Michael French
mfrench@familyfeatures.com
1-888-824-3337
editors.familyfeatures.com

About Family Features Editorial Syndicate
A leading source for high-quality food, lifestyle and home and garden content, Family Features provides readers with topically and seasonally relevant tips, takeaways, information, recipes, videos, infographics and more. Find additional articles and information at Culinary.net and eLivingToday.com.

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SOURCE Family Features Editorial Syndicate

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