Incident and Emergency Management Market is estimated to be US$ 229.2 billion by 2032; Rising Natural Disaster and Terrorists Attacks to Foster Industrial Growth

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Published Date: May 2023

Incident and Emergency Management Market is a system which delivers services in emergency with planning, managing resources, controlling solutions, decision making, collecting information, effective communication and leadership.

Increasing terrorist attacks and occurrence of unpredictable natural disasters, owing to ever-changing climatic conditions and emerging economies has become the major factor in target market growth. Continuous development in new technologies that would aid in planning, preparing for, and mitigating emergencies, such as crowdsourcing, NG9-1-1, early warning systems, Q-Rad tools, tsunami apps, sophisticated early warning systems, advanced communication technologies, geospatial solutions, and simulation tools and solutions is expected to provide lucrative opportunities in Incident and Emergency Management market growth in coming years.

The report “Incident and Emergency Management Market, By System (Web-Based Emergency Management System, Emergency/Mass Notification System, Surveillance System, Traffic Management System, Inventory/Database Management System, Safety Management System, Remote Weather Monitoring System, and Others (Tsunami Warning System, Earthquake/Seismic Warning System, and CBRNE/HAZMAT Detection System)), By Solution (Geospatial Solution, Disaster Recovery Solution, and Situational Awareness Solution), By Service (Consulting, Emergency Operation Center Design And Integration, Training, and Public Information Services), By Communication Tool and Device (First Responder Tools, Satellite Phones, and Vehicle-Ready Gateways), By Vertical (Banking, Financial Services, and insurance (BFSI), Energy and utilities, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

In November 2022, IBM launched new Incident Management SaaS (Software as a Service) offering designed to help organizations to understand status of their applications and infrastructure resources and to provide ability for addressing core challenges during incident triage.
In July 2021, NEC Software Solutions launched new software to revolutionize the dispatch of emergency services teams. New launched cloud-based software is developed with input from control room operators to respond as effectively and rapidly to emergency incidents and to protect the public.

Analyst View:

The key factor driving the growth of the Incident and Emergency Management is rising criminal activity and terrorist attacks, as well as the occurrence of unanticipated natural catastrophes because of the constantly changing climatic conditions. Further, increasing natural disasters, increasing awareness among government & enterprises pertaining to operational safety & regulatory compliance and updating of outdated incident emergency and management solutions is expected to fruitful the demand for Incident and Emergency Management market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables and 35 figures* through 140 slides and in-depth TOC on* “Incident and Emergency Management Market, By System (Web-Based Emergency Management System, Emergency/Mass Notification System, Surveillance System, Traffic Management System, Inventory/Database Management System, Safety Management System, Remote Weather Monitoring System, and Others (Tsunami Warning System, Earthquake/Seismic Warning System, and CBRNE/HAZMAT Detection System)), By Solution (Geospatial Solution, Disaster Recovery Solution, and Situational Awareness Solution), By Service (Consulting, Emergency Operation Center Design And Integration, Training, and Public Information Services), By Communication Tool and Device (First Responder Tools, Satellite Phones, and Vehicle-Ready Gateways), By Vertical (Banking, Financial Services, and insurance (BFSI), Energy and utilities, and Manufacturing), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

Incident and Emergency Management Market accounted for US$ 121.4 billion in 2022 and is estimated to be US$ 229.2 billion by 2032 and is anticipated to register a CAGR of 6.2%. The Incident and Emergency Management is segmented based on System, Solution, Service, Communication Tool and Device, Vertical and Region.

Based on System, Incident and Emergency Management is segmented into Web-Based Emergency Management System, Emergency/Mass Notification System, Surveillance System, Traffic Management System, Inventory/Database Management System, Safety Management System, Remote Weather Monitoring System, and Others (Tsunami Warning System, Earthquake/Seismic Warning System, and CBRNE/HAZMAT Detection System).
Based on Solution, Incident and Emergency Management is segmented into Geospatial Solution, Disaster Recovery Solution, and Situational Awareness Solution.
Based on Service, Incident and Emergency Management is segmented into Consulting, Emergency Operation Center Design and Integration, Training, and Public Information Services.
Based on Communication Tool and Device, Incident and Emergency Management is segmented into First Responder Tools, Satellite Phones, and Vehicle-Ready Gateways.
Based on Vertical, Incident and Emergency Management is segmented into Banking, Financial Services, and insurance (BFSI), Energy and utilities, and Manufacturing.
By Region, the Incident and Emergency Management is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Competitive Landscape & their strategies of Incident and Emergency Management Market:

The prominent players operating in the Incident and Emergency Management market includes, International Business Machines Corporation, Incident Management Solutions Inc, NEC Corporation, ARCOS, Inc., Hexagon AB (publ), Environmental Systems Research Institute, Inc, NC4, Inc., Intermedix Corporation, Eccentex Corporation, TRG The Response Group LLC, Haystax Technology, Inc., Alert Technologies Inc., EmerGeo Solutions Worldwide Inc., Veloci Corporation, and MissionMode Solutions, Inc.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period