The incident & emergency management market is expected to register a CAGR of 7.1% during 2023–2031. Integration with advanced technologies such as AI and geospatial intelligence is likely to remain a key trend in the market.
Incident & Emergency Management Market Analysis
- The incident and emergency management market includes growth prospects owing to the current market trends and their foreseeable impact during the forecast period.
- The incident and emergency management market are growing owing to factors such as rising occurrences of natural and man-made disasters, increased demand for advanced security solutions, and growing need to adhere regulatory compliance.
- Increased terrorist attacks to provide lucrative opportunities for the cloud collaboration market.
Incident & Emergency Management Market Overview
- An incident & emergency management solution is a comprehensive system designed to simplify and improve an organization's capacity to anticipate, address, and recover from crises and emergencies is known as an incident and emergency management solution.
- These systems usually combine hardware, software, and operational procedures to offer a single platform for handling different emergency scenarios.
- Real-time issue monitoring, resource management, communication tools, and decision support systems are the key features of incident & emergency management solution.
- Incident & emergency management solutions are designed to optimize operational effectiveness, decrease response times, optimize resource distribution, and eventually mitigate the adverse effects of emergencies on individuals and assets.
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Incident & Emergency Management Market: Strategic Insights
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Incident & Emergency Management Market: Strategic Insights
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Incident & Emergency Management Market Drivers and Opportunities
Rising Occurrences Of Natural And Man-Made Disasters to Favor Market
- According to the U.S. Department of Health & Human Services, approximately 400 natural disasters occur every year worldwide.
- Tectonic movements, lunar activity, deforestation, soil erosion, air pressure, ocean currents, pollution, global warming, mining, seismic waves, etc. are the primary causes of natural disasters.
- Natural disasters like hurricanes, earthquakes, and flooding cannot be stopped.
- However, there are still ways to reduce the damage caused by natural disasters. Prediction and warning systems, early detection can minimise the consequences of a natural disaster on communities.
Increased Terrorist Attacks
- Increased terrorist attacks provide a significant growth opportunity for the incident & emergency management market by increasing the need for advanced security measures and response capabilities.
- Organizations and governments are forced to invest in advanced emergency management systems that can successfully prevent, detect, and respond to such catastrophes as terrorist threats change and become more complicated.
- In order to lessen the effects of terrorist attacks, these systems include coordinated reaction frameworks, fast communication technologies, and real-time threat intelligence.
Incident & Emergency Management Market Report Segmentation Analysis
Key segments that contributed to the derivation of the incident & emergency management market analysis are component, organization size, end users.
- By component, the market is bifurcated into solution and services.
- By organization size, the market is bifurcated into large enterprises and small & medium-sized enterprises.
- By end users, the market is segmented into aerospace and defense, IT & telecom, government, manufacturing, banking, financial services, and insurance, manufacturing, and energy & utilities.
Incident & Emergency Management Market Share Analysis by Geography
- Incident & emergency management market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering incident & emergency management market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the incident & emergency management market in these regions.
Incident & Emergency Management Incident & Emergency Management Market Regional Insights
The regional trends and factors influencing the Incident & Emergency Management Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Incident & Emergency Management Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Incident & Emergency Management Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Billion |
| Market Size by 2031 | US$ XX Billion |
| Global CAGR (2023 - 2031) | 7.1% |
| Historical Data | 2021-2023 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Incident & Emergency Management Market Players Density: Understanding Its Impact on Business Dynamics
The Incident & Emergency Management Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Incident & Emergency Management Market are:
- Honeywell
- Lockheed Martin
- Motorola Solutions
- Siemens
- NEC
- IBM
Disclaimer: The companies listed above are not ranked in any particular order.
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Incident & Emergency Management Market News and Recent Developments
The incident & emergency management market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the incident & emergency management market are listed below:
- Esri released an update to the emergency management operations solution. The release marks the first in a series of new emergency management solutions. The emergency management operations solution delivers a set of capabilities that help emergency management agencies clearly understand the impact of an incident, maintain situational awareness, and communicate essential emergency information. (Source: Esri, Press Release, November 2023)
- CENTEGIX, the industry leader and largest wearable safety technology provider, announces its partnership with global public safety technology leader, Axon Enterprise to integrate CENTEGIX into the Fusus by Axon platform, the most widely used and trusted emergency and incident management software provider for real-time crime center operations. The partnership enables the CENTEGIX CrisisAlert wearable panic button badge to activate on-campus video cameras when an alert for help is signaled. By combining the immediacy and location specificity of CrisisAlert with Fusus by Axon's real-time security camera feeds, on-site and first responders can immediately gain situational awareness to determine the appropriate level of response needed for an emergency. (Source: CENTEGIX, Press Release, July 2024)
Incident & Emergency Management Market Report Coverage and Deliverables
The “Incident & Emergency Management Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Incident & emergency management market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Incident & emergency management market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Incident & emergency management market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the incident & emergency management market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Integration with advanced technologies such as AI and geospatial intelligence is anticipated to play a significant role in the global incident & emergency management market in the coming years.
The global incident & emergency management market is expected to grow at a CAGR of 7.1% during the forecast period 2024 - 2031.
The leading players operating in the incident & emergency management market are Honeywell; Lockheed Martin; Motorola Solutions; Siemens; NEC; IBM; Hexagon; Collins Aerospace; Esri; and Johnson Controls
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Rising occurrences of natural and man-made disasters, increased demand for advanced security solutions, and growing need to adhere regulatory compliance are the major factors driving the incident & emergency management market.
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The List of Companies
1. Alert Technologies Corporation.
2. Collins Aerospace
3. Esri
4. HEXAGON
5. Honeywell International Inc.
6. IBM
7. MissionMode Solutions, Inc.
8. Motorola Solutions, Inc.
9. NEC Corporation
10. Siemens
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