Jersey City, New Jersey, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The Global Incident And Emergency Management Market is projected to grow at a CAGR of 6.71 % from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 123.39 Billion in 2021 and is expected to reach USD 207.35 Billion by the end of the forecast period.
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Browse in-depth TOC on “Incident And Emergency Management Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
REPORT ATTRIBUTES | DETAILS |
STUDY PERIOD | 2018-2030 |
BASE YEAR | 2021 |
FORECAST PERIOD | 2023-2030 |
HISTORICAL PERIOD | 2018-2020 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Lockheed, Honeywell, Hexagon, Martin Solutions, Siemens, Motorola, NEC Corporation, Collins Aerospace, IBM. |
SEGMENTS COVERED | By Solution, By Communication System, By Vertical, And By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Market Overview:
- Escalating Global Threats Drive Incident and Emergency Management Market: Increased worldwide hazards including natural catastrophes and cyberattacks drive the market. This dynamic landscape forces governments and organisations to prioritise strong crisis response systems, emphasising the market's vital role in protecting populations and assets.
- Government Focus on Public Safety Spurs Market Growth: Governments across the world are placing a greater emphasis on public safety and dedicating large sums of money to improve emergency planning and response. This market expansion can be attributed to the strategic emphasis on proactive measures, which is in line with the need to effectively handle increasing threats to public well-being.
- Technological Advancements in AI and IoT Transform Emergency Management: Technological developments in Artificial Intelligence (AI) and the Internet of Things (IoT) are critical factors propelling market expansion. In times of crisis, these technologies offer cutting-edge instruments for early detection, real-time monitoring, and quick decision-making. The effectiveness and efficiency of incident and emergency management systems are improved by the combination of AI and IoT.
- Growing Awareness Fuels Demand for Integrated Solutions: The market sees a spike in demand as stakeholders from different industries realise how important comprehensive incident management solutions are. The use of integrated platforms that smoothly coordinate emergency response operations is being driven by an increasing understanding of the complexity and interconnectedness of contemporary crises.
- Emphasis on Risk Mitigation Strategies Amplifies Market Significance: Organisations are placing more focus on risk mitigation techniques and are looking for proactive ways to lessen the impact of possible incidents. In response to this need, the market is changing and now offers sophisticated technology and techniques that deal with the complexity of modern risk scenarios.
- Adoption of Advanced Technologies Enhances Emergency Response: The increasing use of cutting-edge technology, such IoT-enabled sensors and AI-driven predictive analytics, gives stakeholders the ability to better foresee and handle situations. This technology integration strengthens the market's role in maintaining community safety and resilience by speeding up response times and reducing casualties and damage.
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Incident And Emergency Management Market Key Players Shaping the Future
Major players, including Lockheed, Honeywell, Hexagon, Martin Solutions, Siemens, Motorola, NEC Corporation, Collins Aerospace, IBM, Esri, Mission Mode, and more, play a pivotal role in shaping the future of the Incident And Emergency Management Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Key Developments:
- In March 2019, Ohio City and County adopt Motorola’s incidence and emergency management Solutions to seamlessly share real-time critical data, the solutions include Resource management software and other cloud-based services.
- In June 2020, Siemens AG and Salesforce.com, Inc. partnered to provide a smart and connected workplace for safety and future challenges and to reduce the response time during emergencies in commercial infrastructure.
- In June 2021, Honeywell announced the launch of the Honeywell AMIR Service. The service delivers 24/7 cybersecurity detection and quick response for existing and new cyber threats.
To get market data, insights, and a comprehensive Global Incident And Emergency Management Market analysis, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Incident And Emergency Management Market into Solution, Communication System, Vertical, And Geography.
- Incident And Emergency Management Market, by Solution
- Web-based Emergency Management System
- Emergency / Mass Notification System
- Disaster Recovery and Business Continuity
- Perimeter Intrusion Detection
- Fire and HAZMAT Solutions
- Geospatial Solutions
- Others
- Incident And Emergency Management Market, by Communication System
- First Responder Tools
- Satellite Assisted Equipment
- Vehicle Ready Gateways
- Emergency Response Radars
- Others
- Incident And Emergency Management Market, by Vertical
- Government
- BFSI
- Transportation and Logistics
- Healthcare
- Manufacturing
- IT and Telecom
- Other
- Incident And Emergency Management Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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Global Incident Response Market Size By Service Type (Assessment and Response, Incident Response Planning and Development), By Security (Network Security, Endpoint Security), By Vertical (Retail and E-Commerce, Healthcare and Life Sciences), By Geography, And Forecast
Global Crisis Management Software Market Size By Application (Large Enterprises, Small and Medium-sized Enterprises (SMEs)) and Product (Cloud-Based, On-Premise), By Geography, And Forecast
Top 7 Incident And Emergency Management Software Delivering Shared Situational Awareness
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