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 2029

When faced with natural or man-made disasters, incident and emergency management solutions are crucial in assisting organisations and governmental entities to create efficient contingency plans. According to a recent analysis by the Weather, Climate & Catastrophe Insight, the financial damages incurred in 2018 as a result of tropical cyclones, flooding, and drought were estimated to be worth USD 225 billion. In order to understand the primary causes of auto accidents, the National Highway Traffic Safety Administration conducted a study. The results showed that 94% of traffic accidents are the result of reckless drivers. 2% of crashes are caused by each of three categories: cars, environmental causes, and other unidentified variables. The necessity for greater safety precautions is highlighted by these data. Incident and Emergency Management Market accounted US$ 117.2 billion in 2020 to US$ 186.7 billion by 2029 and is projected to register a moderate CAGR of 5.3 % over the forecast period.

One of the main factors anticipated to propel the growth of this market is the rise in criminal activity and terrorist attacks, as well as the occurrence of unanticipated natural catastrophes because of the constantly changing climatic conditions. Companies have been continuously developing 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. These modern technical developments and services give the market for incident and emergency management a competitive edge.

Source: Prophecy Market Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Global Incident and Emergency Management Market is segmented based on system, solution, services, communication tool and device, vertical, and region.

On the basis of system, the Global Incident and Emergency Management Market 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). On the basis of solution the Global Incident and Emergency Management Market is segmented into Geospatial Solution, Disaster Recovery Solution, and Situational Awareness Solution. On the basis of services, the Global Incident and Emergency Management Market is segmented into Consulting, Emergency Operation Center (EOC) Design And Integration, Training, and Public Information Services. On the basis of communication tool and device, the Global Incident and Emergency Management Market is segmented into First Responder Tools, Satellite Phones, and Vehicle-Ready Gateways. On the basis of vertical, the Global Incident and Emergency Management Market is segmented into Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, Manufacturing, Healthcare and Life Sciences, Government and Defense, Aviation, Hospitality, Transportation and Logistics, IT and Telecom, and Others (Museums, Sports Stadiums, and Residential Complexes).

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Global Incident and Emergency Management Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Due to a high emphasis on innovations obtained from Research and Development (R&D) and technology in nations like the United States and Canada, the North American incident and emergency management market accounts for the largest revenue share of the global incident and emergency management market and is further anticipated to maintain its dominance over the forecast period. In 2019, the incident and emergency management market is anticipated to develop at the quickest rate in the Asia Pacific region.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Incident and Emergency Management MarketMarket report based on device, contain, deployment and region:

Global 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
• Others (Tsunami Warning System, Earthquake/Seismic Warning System, and CBRNE/HAZMAT Detection System)

Global Incident and Emergency Management Market, By Solution

• Geospatial Solution
• Disaster Recovery Solution
• Situational Awareness Solution

Global Incident and Emergency Management Market, By Service

• Consulting
• Emergency Operation Center (EOC) Design And Integration
• Training
• Public Information Services

Global Incident and Emergency Management Market, By Communication Tool and Device

• First Responder Tools
• Satellite Phones
• Vehicle-Ready Gateways

Global Incident and Emergency Management Market, By Vertical 

• Banking
• Financial Services, and Insurance (BFSI)
• Energy and Utilities
• Manufacturing
• Healthcare and Life Sciences
• Government and Defense
• Aviation, Hospitality
• Transportation and Logistics
• IT and Telecom
• Others (Museums, Sports Stadiums, and Residential Complexes.

Global Incident and Emergency Management Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the Global 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.

Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in August2022, Telstra touts proposed restructures ‘transparency’ and ‘flexibility’, in its newly released plan brochure, Telstra said the restructuring would create better transparency of its assets across its customer and infrastructure businesses, which would "allow management to increase efficiency and effectiveness".

• International Business Machines Corporation *
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• 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
• MissionMode Solutions, Inc.

“*” marked represents similar segmentation in other categories in the respective section