USD 121 billion
Report ID:
SQMIG45C2074 |
Region:
Global |
Published Date: November, 2024
Pages:
197
|Tables:
98
|Figures:
76
Global Incident And Emergency Management Market size was valued at USD 12.42 billion in 2022 and is poised to grow from USD 128.96 billion in 2023 to USD 208.82 billion by 2031, growing at a CAGR of 6.21% during the forecast period (2024-2031).
Over the last few years, there has been tremendous expansion of the global market for Incident and Emergency Management driven by growing occurrences of natural calamities, man created catastrophes, as well as high consciousness on efficient response models. Important components include leveraging modern technology such as AI and IoT in emergency response by carrying out real-time information processing and decision making. The governments and organizations are embracing resilient incident-management solutions to make ready for the incidents and respond accordingly.
There is also an impetus for it from strict laws, which emphasize the need for complete emergency management systems. Growth opportunities in the Asia-Pacific region due to increased vulnerabilities and more emphasis on strengthening disaster resilience. In brief, the Incident and Emergency Market generally is reacting to increased need for effective, technologically-oriented crisis management.
Global Market Size
USD 121 billion
Largest Segment
Geospatial Information System (GIS)
Fastest Growth
Communication System
Growth Rate
6.50% CAGR
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Global Incident And Emergency Management Market is segmented by Component, Vertical, and Region. Based on Component, the market is segmented into Solutions (Web-Based Emergency Management, Emergency/Mass Notification, Disaster Recovery And Business Continuity, Perimeter Intrusion Detection, Geospatial, Fire And HAZMAT), Services (Consulting, EOC Design And Integration, Training And Simulation, Support And Maintenance), Communication Tools And Devices (First Responder Tools, Satellite-Assisted Equipment, Vehicle-Ready Gateways, Emergency Response Radars). Based on Vertical, the market is segmented into IT And Telecom, Energy And Utilities, Healthcare And Life Sciences, Defense And Military, Transportation And Logistics, Government And Public Sector, Manufacturing, Real Estate And Construction, Other Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by System
In most cases, GIS has been dominant in the market because it provides spatial intelligence that is very relevant when dealing with incidents and emergencies. The system offers various aspects like spatially oriented data, maps, and geographical information systems (GIS), among others for informed decision making. It well interfaces with other systems and therefore better harmonizes emergency coordination and efficiency altogether. GIS is flexible, and its application cuts across government, healthcare, and transport sectors which are some of the most used options for different types of emergency management scenarios.
Communication systems are more important in emergency responses since they offer a better chance of rapid communication which is required to achieve prompt response actions. As the internet of things (IoT) advances in growth, communication systems have become critical for successful coordination and interaction of the IoT devices in the management of disaster occurrences. This is causing the rapid incorporation into modern incident and emergency management of communication systems that will be able to work with different equipment and software without glitches.
Analysis by End-User
Government is an essential player in both incident and emergency management by monitoring the operation of critical infrastructure and ensuring public security. Therefore, governments across the globe develop and enforce their laws by enacting comprehensive incident and emergency management systems. The management of mega incidents usually involves the government and makes it a key end-user with a huge market appetite for reliable crisis response products.
Incident and Emergency management in healthcare is becoming more critical as it ensures patients’ safety amid crisis events. Tough rules and guidelines in the medical field are the main factor that forces organizations to use the latest emergency management systems so as to meet the medical treatment and patient’s information security standards. The latest world happenings are now placing more emphasis on emergency readiness in hospitals hence, increasing the acquisition of modern cases handling programs.
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The use of modern tools and techniques is mainly driven by the North American market with the US leading in technological advances and funding. The implementation of comprehensive emergency management systems is promoted through stringent regulations and a well-developed regulatory framework in different sectors. A strong market exists for incident and emergency management solutions in this region due to its high level of awareness and readiness against natural disasters and man made disasters.
Due to increased vulnerability of Asia-Pacific to natural disasters, the needs of advanced incident and emergency management systems arise. In some regions with high population densities, advanced incident management systems are highly required for effective emergency responses thus leading to wider implementation of these solutions. Emergency management infrastructure is now becoming a government priority for many countries of the Asia-Pacific region due to rapid urbanization that comes along with it.
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Drivers
Increasing Frequency and Severity of Natural Disasters
Restraints
High Complexity of Coordinating Diverse Systems
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The incident and emergency management market is a highly competitive one, having several leading competitors who are focusing on research and innovation to stay ahead of their rivals. The case study includes tough competition between the industry leaders that focus on technology innovations, alliance agreements, and complete solutions. Niche players and start ups also join the market which brings more variation into the environment.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Incident and Emergency Management marketplace evaluation reveals a dynamic marketplace with some standout tendencies and problems. The market is pushed by using the escalating frequency of crises, necessitating sturdy reaction systems. Technological advancements, which include AI and IoT integration, enhance real-time information analysis and selection-making throughout emergencies. However, integration complexities, a shortage of skilled professionals, and monetary constraints pose restraints. The market is segmented by product sorts which include GIS, surveillance structures, and verbal exchange structures.
Regionally, North America dominates due to technological improvements, whilst Asia-Pacific reveals the quickest increase. Key traits consist of the growing significance of community-centric processes and the adoption of cloud-primarily based incident management answers for advanced scalability and accessibility.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 12.42 billion |
Market size value in 2031 | USD 208.82 billion |
Growth Rate | 6.21% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Incident and Emergency Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Incident and Emergency Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Incident and Emergency Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Incident and Emergency Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG45C2074
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