Market Size –
The incident and emergency management market size has grown rapidly in recent years. It will grow from <b>$159.43 billion in 2023 to $185.89 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. </b> The growth in the historic period can be attributed to lessons learned from past incidents, infrastructure vulnerabilities, shift to integrated systems, population growth and urbanization, cybersecurity threats.
The incident and emergency management market size is expected to see rapid growth in the next few years. It will grow to <b>$337.05 billion in 2028 at a compound annual growth rate (CAGR) of 16.0%. </b> The growth in the forecast period can be attributed to real-time data analytics, integration of gis and mapping, climate change impact,global health crises preparedness, cybersecurity threat management. Major trends in the forecast period include integrated command and control systems, use of ai and predictive analytics, mobile and remote access solutions, community-centric approach, resilience and risk assessment:, cloud-based platforms.
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Scope Of Incident And Emergency Management Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Incident And Emergency Management Market Overview
Market Drivers –
The increasing number of criminal and terrorist attacks is a major driver propelling the growth of the incident and emergency management market. Criminal activity refers to any conduct that is prohibited by any criminal laws, whether federal, state, or county, regardless of whether there has been an arrest or without meeting the requirements for a criminal conviction’s level of proof. Terrorist attacks or terrorism encompasses a range of complex threats: organized terrorism in conflict zones, foreign terrorist fighters, radicalized ‘lone wolves, and attacks using chemical, biological, radiological, nuclear, and explosive materials. Terrorism is becoming increasingly concentrated, contracting into countries that are already suffering from violent conflict. For instance, according to Global Terrorism Index 2022, global terrorist attacks increased to 5,226 in 2021. The country with the biggest increase in terrorist attacks was Myanmar. Therefore, the increasing number of criminal and terrorist attacks will continue to drive the incident and emergency management market.
Market Trends –
Technological breakthroughs are the key trends in the incident and emergency management market. In the upcoming years, the market growth is also projected to be aided by advanced technological breakthroughs creating new opportunities for emergency management practices. The vast topic of artificial intelligence in computer science is focused on creating intelligent machines that can perform activities that typically require human intelligence. Artificial intelligence (AI) offers the potential to generate, transmit and read emergency-related data for better decision-making in crises. AI has the potential to forecast, assess, and simulate situations in emergency management to speed up response times and simplify resource allocation procedures. For instance, in May 2022, the city of Los Angeles (California, USA) signed an agreement for using the One Concern platform, which employs artificial intelligence through analytical disaster assessment and calculated damage estimates. This will specifically give each component of a city a “”unique, verifiable ‘digital fingerprint,'”” models the entire system, and tracks how each disaster and climate change affect a place.
The incident and emergency management market covered in this report is segmented –
1) By Component: Solution, Services, Communication System
2) By Simulation: Traffic Simulation Systems, Hazard Propagation Simulation Tools, Incident And Evacuation Simulation Tools
3) By System: Web-Based Emergency Management System, Emergency/Mass Notification System, Traffic Management System, Safety Management System, Disaster Recovery And Backup Systems, Other Systems
4) By Vertical: Commercial And Industrial, IT And Telecom, Energy And Utilities, Healthcare And Life Sciences, Defense And Military, Transportation And Logistics, Government And Public Sector, Other Verticals
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Regional Insights –
North America was the largest region in the incident and emergency management market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the incident and emergency management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the incident and emergency management market report are Honeywell International Inc., The Lockheed Martin Corporation, Motorola Solutions Inc., Siemens AG, NEC Corporation, Collins Aerospace, IBM Corporation, Hexagon AB, Esri Inc., Alert Technologies, The Response Group, Everbridge Inc., Juvare, Haystax Technology, Veoci, Rockwell Collins Inc., Intergraph Corporation, RapidDeploy, Send Word Now, Blackboard Connect, Singlewire Software, Rave Mobile Safety, CodeRED, Regroup Mass Notification, CrisisGo, Agility Recovery, MissionMode, Everstream Analytics, RiskLogic Sydney, Witt O’Brien’s, BOLDplanning
Table of Contents
1. Executive Summary
2. Incident And Emergency Management Market Report Structure
3. Incident And Emergency Management Market Trends And Strategies
4. Incident And Emergency Management Market – Macro Economic Scenario
5. Incident And Emergency Management Market Size And Growth
…..
27. Incident And Emergency Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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