Incident and Emergency Management Market Predicted to Hit $423,323 Million by 2025 - Leading Industry Players Profiled Esri, Honeywell International , IBM , Intergraph, Intermedix, Lockheed Martin, Motorola Solutions, NEC Corporation, Rockwell Collins, Si

According to the report, the global incident and emergency management market was valued at $75.46 billion in 2017 and is expected to reach $423.32 billion, registering a CAGR of 24.2% from 2018 to 2025. The study Provides current market trends as well as growth prospects in the global market for the next seven years. Moreover, it includes market drivers, restraints, challenges, opportunities, and marketing strategies adopted by leading market companies across the globe.

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Top Impacting Factors:

Increase in the number of natural calamities and frequent acts of terrorism are the key factors driving the growth of the global incident and emergency management market. Moreover, stringent government regulations toward public safety have supplemented the market growth. However, high costs of installation and maintenance detriment the market growth. On the contrary, an increase in adoption of advanced security devices is expected to create lucrative opportunities for the market players in the near future.

Type of incident and emergency management systems:

The report bifurcates emergency management systems based on type into a mass notification system, surveillance system, traffic management system, safety management system, earthquake warning system, disaster recovery & backup system, and others. In 2017, the surveillance system segment garnered the highest revenue of $20.04 billion, contributing about 26% of the total market share. However, disaster recovery and backup system segment is expected to grow at the fastest CAGR of 26.9% through 2025.

Emergency response radar technology to portray the highest demand by 2025:

The report divides communication technology into first responder tools, satellite phones, emergency response radar, vehicle ready gateways, and others. The emergency response radar technology would demonstrate the fastest growth of 27.1% CAGR during the study period. In addition, the other segment, which comprises CBRNe/Hazmat Detection system and tsunami warning system, would grow at the fastest CAGR of 27.9% during the forecast period.

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Training and education services to gain traction by 2025:

The report splits the services segment into training & education services, consulting services, design & integration services, and support & maintenance services. In 2017, design and integration services segment contributed almost one-third share of the total market revenue. However, training and education services segment would manifest the fastest growth, registering a CAGR of 26.3% by 2025.

Disaster recovery solutions segment to grow at 26.8% CAGR:

The global incident and emergency management market report discusses various solutions, including geospatial solutions, disaster recovery solutions, and situational awareness solutions. The disaster recovery solutions would register the highest CAGR of 26.8% through 2025. In addition, the remaining segments are expected to demonstrate gradual growth in the forecast period.

Torchbearers of the Industry:

The report discusses the major players of the global incident and emergency management market, including Esri Inc., IBM Corporation, Intermedix Corporation, Motorola Solutions, Inc., Rockwell Collins and Siemens AG, Honeywell International Inc., Intergraph Corporation, Lockheed Martin Corporation, NEC Corporation. These key market players have adopted various strategies such as product launch, joint ventures, partnerships, collaborations, and mergers & acquisition to maintain their position in the market.

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