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Will Emergency and Incident Management Market Perceive Robust Expansion by 2024 ?
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Factors such as changing climatic conditions and rise in the number of bio-hazardous and terrorist attacks and home violence have led to the rapid growth of incident and emergency management solutions. Additionally, increasing government norms and regulations also support the growth of this market. However, lack of emergency management and incident management and education and training may hinder the market growth. Another factor affecting the growth is that even though there are emergency and incident management solutions being implemented, most of the solutions have ageing technology and have become outdated. Furthermore, sophisticated early warning systems and technological innovations such as Ng9-1-1 are some factors which is expected to surge the demand for emergency and incident management solutions in the forecast period.
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The notable players of emergency management and incident management include Motorola Solutions, Cassidian, ESRI, Iridium, Northrop Grumman Corporation, VT MAK, TeleCommunication Systems Inc. (TCS), Lockheed Martin Corporation and Intergraph Corporation.
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