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Incident and Emergency Management Market Growth & Forecast 2018-2025 by Top Developers Esri, Honeywell International , IBM , Intergraph, Intermedix, Lockheed Martin, Motorola Solutions, NEC Corporation, Rockwell Collins, Siemens AG
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Increase in economic loss due to natural calamities, the rise in terrorism, and the implementation of government regulations & initiatives towards public safety act as the major drivers of the global incident and emergency management market. However, high installation and maintenance costs hamper the growth of the market.
Based on system type, the surveillance system segment dominated the global incident and emergency management market in 2017 and is expected to continue this trend during the forecast period, owing to increase in adoption of security devices for incident reporting. Furthermore, the disaster recovery & backup system segment is expected to grow at the highest CAGR during the forecast period, due to the surge in demand for recovery for critical data in business and other organizations.
Incident and Emergency Management Market Key Drivers and Restraints:
•Rise in Economic loss due to natural disasters
•Increase in Terrorist Attacks
•Government Policies Toward Incident and Emergency Preparedness
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The global incident and emergency management market was led by the energy & utility segment in 2017 and is projected to maintain its dominance during the forecast period. However, the healthcare segment is expected to witness the highest growth, owing to an increase in adoption of incident and emergency management systems for patient safety.
Incident and Emergency Management Market Key Segments:
By System Type
•Mass Notification System
•Surveillance System
•Traffic Management System
•Safety Management System
•Earthquake / Seismic Warning System
•Disaster Recovery & Backup System
•Others
By Communication Technology
•First Responder Tools
•Satellite Phones
•Emergency Response Radars
•Vehicle-ready Gateways
•Others
By Service
•Training & Education Services
•Consulting Services
•Design & Integration Services
•Support & Maintenance Services
By Solution
•Geospatial Solutions
•Disaster Recovery Solutions
•Situational Awareness Solutions
By Industry Vertical
•BFSI
•Public Sector
•Healthcare
•IT & Telecom
•Energy & Utilities
•Manufacturing
•Aerospace & Defense
•Transportation & Logistics
•Others
In 2017, the global incident and emergency management market was dominated by the situational awareness segment and is expected to maintain this trend during the forecast period. Owing to rise in demand for situational awareness platforms to address emergency situations in security, safety, and operations practices.
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