Overview and Scope
Crisis management software is a specialized set of tools and applications designed to assist organizations in planning, coordinating, and executing effective responses to various crises, emergencies, or disruptions. This software streamlines communication, resource allocation, and decision-making during emergencies, enhancing organizations’ ability to respond to and recover from crises effectively.
Sizing and Forecast
The crisis management software market size has grown strongly in recent years. It will grow from $4.92 billion in 2023 to $5.28 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to growing concerns about global security, increasing complexity of supply chains, the escalating threat of cyberattacks, public and private sector collaboration, growing awareness about the importance of crisis preparedness.
The crisis management software market size is expected to see strong growth in the next few years. It will grow to $6.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to the proliferation of mobile devices, organizations prioritize business continuity planning, growing organizational complexity demands, government initiatives promoting crisis preparedness. Major trends in the forecast period include rise in the development and utilization of mobile applications, integration of internet of things (IoT) devices, blockchain for security, user-friendly interfaces, predictive analytics.
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Segmentation & Regional Insights
The crisis management software market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-Premise
3) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Application: Business Continuity, Risk Assessment And Analysis, Emergency Notification System, Training And Simulation, Family Reunification, Other Applications
5) By Vertical: Government And Defense, Healthcare, Information Technology (IT) And Telecommunication, Banking, Financial Services And Insurance (BFSI), Energy And Utility, Education, Other Verticals
North America was the largest region in the crisis management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crisis management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing occurrences of natural disasters are expected to propel the growth of the crisis management software market going forward. Natural disasters are catastrophic events that can cause widespread destruction, loss of life, and significant disruption to everyday life. Human activities, including deforestation, land-use changes, and altering natural ecosystems, can increase susceptibility to certain natural disasters. Crisis management software expedites communication, streamlines emergency operations, and enhances decision-making, facilitating effective response strategies and mitigating the impact on affected regions. For instance, in January 2024, according to a report published by the National Centers for Environmental Information (NCEI), a US-based government agency, there were 28 confirmed weather and climate disaster events in the United States, each causing losses exceeding $1 billion. These events included one drought, four floods, 19 severe storms, two tropical cyclones, one wildfire, and one winter storm. Therefore, the growing occurrence of natural disasters drives the growth of the crisis management software market.
Key Industry Players
Major companies operating in the crisis management software market are Lockheed Martin Corporation, International Business Machines Corporation, Honeywell International Inc., Motorola Solutions, Blackboard Inc., Everbridge Inc., AlertMedia, OnSolve, xMatters Inc., Resolver, ARCOS LLC, Agility Recovery, LogicGate, Eccentex Corporation, LiveSafe Inc., Juvare LLC, The Response Group Inc., CrisisGo Inc., RockDove Solutions, Crisis Management Solutions Inc., Regroup Mass Notification, Crisis Track, Bryghtpath LLC, RiskWatch International, Assurance Software, Rave Mobile Safety, Noggin, MissionMode Solutions Inc.
The crisis management software market report table of contents includes:
1. Executive Summary
2. Crisis Management Software Market Characteristics
3. Crisis Management Software Market Trends And Strategies
4. Crisis Management Software Market – Macro Economic Scenario
5. Global Crisis Management Software Market Size and Growth
…
32. Global Crisis Management Software Market Competitive Benchmarking
33. Global Crisis Management Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Crisis Management Software Market
35. Crisis Management Software Market Future Outlook and Potential Analysis
36. Appendix
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