New York, NY, April 13, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Incident and Emergency Management Market by System (Emergency/Mass Notification System, Surveillance System, Traffic Management System, Safety Management System, Earthquake/Seismic Warning System, Disaster Recovery & Backup Systems, and Others), by Communication Technology (First Responder Tools, Satellite Phones, Emergency Response Radars, Vehicle-ready Gateways, and Others), by Services (Training & Education Services, Consulting Services, Design & Integration Services, and Support & Maintenance Services) for Verticals (BFSI, Energy & Utilities, Manufacturing, Healthcare & Life Sciences, Government & Defense, Aviation, and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023”. According to the report, global incident and emergency management market was valued at approximately USD 2.36 Billion in 2017 and is expected to reach approximately USD 12.37 Billion by 2023, growing at a CAGR of around 31.8% between 2018 and 2023.
Incident and emergency management allude to the standardized approach, to be now and again of emergency. Incident management is regularly performed by a committed group, inside an association, who is in charge of distinguishing, breaking down, and counteractive action of hazardous incidents. The group has likewise presented the obligation of preparing standards, which are to be taken after, during such occurrences. Such incident management teams regularly depend on third-party services and hardware for performing their duties. Emergency management can likewise be named as disaster management and for the most part identifies with the large-scale disasters, for example, those caused by nature, terrorist activities and industrial accidents among others. Emergency management envelops the methods to be taken after, on knowledge of an upcoming disaster or post a disaster. Emergency management helps in taking preventive measures for a known up and coming disaster, for example, a storm or oil spill spreading towards coast among others, and furthermore helps in restricting further loss post a calamity.
Browse through 55 Tables & 42 Figures spread over 110 Pages and in-depth TOC on "Global Incident and Emergency Management Market Size, Share, Analysis and Forecast 2016 – 2022”.
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Increasing incidents of terrorism all around have constrained the government authorities to enforce stricter incident and emergency management systems across the nation and this factor are primarily expected to drive the growth of incident and emergency management market. Countries such as the U.K., India, and France have been framing special military groups to handle such episodes while organizations have been engaging the services of professional organizations for preparing their representatives on the procedures to be followed, during such occurrences. Moreover, organizations have been proactively conveying incident and emergency management systems, as precautions, since such incidents act as huge misfortunes for organizations, regarding money related and different assets. Such proactive deployment of disaster management systems has additionally been instrumental in propelling the growth of incident and emergency management market. However, the absence of mindfulness about the advantages of these systems has been restraining the growth of incident and emergency management market. On the other hand, increasing requirement for advanced and innovative products and solutions to prevent loss of company assets and lives, are expected to make more prominent opportunities in coming years.
Incident and emergency management market is segmented based on the system, communication technology, service, vertical, and region. System segment included in this market are emergency/mass notification system, surveillance system, traffic management system, safety management system, earthquake/seismic warning system, disaster recovery & backup systems, and others. Communication technology segment includes first responder tools, satellite phones, emergency response radars, vehicle-ready gateways, and others. Service segment includes training & education services, consulting services, design & integration services, and support & maintenance services.
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North America is expected to have the largest market share in the incident and emergency management market during the forecast period. Shifting U.S. demographics and increasing danger levels identified with terrorism and other security concerns are the key components driving the growth of the North America incident and emergency management market during the forecast period. A growing number of smart city activities in the U.S. are foreseen to make lucrative opportunities for different key players working in the North America incident and emergency management market throughout the forecasted years. The region witnesses numerous R&D exercises in the field of big data and analytics solutions which can be utilized to analyze the vast volumes of data generated and gathered during a disaster.
Asia Pacific is expected to witness the highest CAGR in the global incident and emergency management market during the forecast period. With enhanced geographic zones and a high client base, the Asia Pacific region is expected to exhibit a strong growth in the incident and emergency management market. Due to an increase in government expenditure on emergency and disaster management systems to safeguard people from disasters, Asia Pacific region has been witnessing the fastest growth in global incident and emergency management market.
Browse the full "Incident and Emergency Management Market by System (Emergency/Mass Notification System, Surveillance System, Traffic Management System, Safety Management System, Earthquake/Seismic Warning System, Disaster Recovery & Backup Systems, and Others), by Communication Technology (First Responder Tools, Satellite Phones, Emergency Response Radars, Vehicle-ready Gateways, and Others), by Services (Training & Education Services, Consulting Services, Design & Integration Services, and Support & Maintenance Services) for Verticals (BFSI, Energy & Utilities, Manufacturing, Healthcare & Life Sciences, Government & Defense, Aviation, and Others) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2023" report at https://www.zionmarketresearch.com/report/incident-and-emergency-management-market
Europe region is expected to witness moderate growth in incident and emergency management market in the forecasted period. Increasing aging populace in the European Union and expanding number of individuals residing in more densely populated urban and beachfront territories brings about higher concentrations of individuals and resources in a specific zone. This, in turn, is expected to prompt an expansion in the country's vulnerability because of effect from extreme climate and different disasters. This is the major factor likely to help the growth of the Europe incident and emergency management market.
Latin America is expected to witness moderate growth in incident and emergency management market in the forecasted period. Increasing adoption of disaster management system in entire Latin America region is primarily boosting the growth of incident and emergency management market in Latin America. Disaster management encompasses an entire continuum, from impact through response to preparedness and mitigation. Also growing adoption of innovative and effective solutions in emergency response and disaster prevention across land, sea, and air in Gulf countries has anticipated the growth of incident and emergency management market in Middle East region.
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Key players profiled in the global incident and emergency management market include Honeywell International Inc., Siemens AG, Motorola Solutions, Inc., Lockheed Martin, Rockwell Collins, Inc., Frequentis, Intergraph Corporation, Esri, Metricstream, Intermedix Corporation and among others.
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The market segments incident and emergency management market into:
Global Incident and Emergency Management Market: System Segment Analysis
- Emergency/Mass Notification System
- Surveillance System
- Traffic Management System
- Safety Management System
- Earthquake/Seismic Warning System
- Disaster Recovery & Backup Systems
- Others
Global Incident and Emergency Management Market: Communication Technology Segment Analysis
- First Responder Tools
- Satellite Phones
- Emergency Response Radars
- Vehicle-ready Gateways
- Others
Global Incident and Emergency Management Market: Service Segment Analysis
- Training & Education Services
- Consulting Services
- Design & Integration Services
- Support & Maintenance Services
Global Incident and Emergency Management Market: Vertical Segment Analysis
- BFSI
- Energy and Utilities
- Manufacturing
- Healthcare and Life Sciences
- Government and Defense
- Aviation
- Others
Global Incident and Emergency Management Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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