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Incident and emergency management market predicted to hit $423,323 Million by 2025 - Exclusive Report
According to an exclusive report published by Allied Market Research, the global incident and emergency management market was valued at $75,464 million in 2017 and is projected to reach at $423,323 million by 2025, growing at a CAGR of 24.2% from 2018 to 2025. In 2017, the surveillance system segment accounted for the highest revenue in the market.
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Factors such as the rise in the need for safety and security solutions, owing to increase in natural calamities & terrorist attacks, implementation of regulatory policies for public safety, and necessity of emergency preparedness drive the growth of the global incident and emergency management market. In addition, the surge in smart cities is expected to drive the adoption of intelligent evacuation systems and surveillance systems, thereby fueling the incident and emergency management market growth. Moreover, use of technologically advanced equipment for terror attacks is expected to fuel the need for the incident and emergency systems.
The surveillance systems segment dominated the market in 2017 and is expected to continue to continue this trend during the forecast period. However, the disaster recovery & backup system segment is expected to witness the highest growth rate, due to a rise in the adoption of cloud-based solutions in small- & medium-sized enterprises to safeguard their critical data.
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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
Based on system type, the market is divided into mass notification system, surveillance system, traffic management system, safety management system, earthquake/ seismic warning system, disaster recovery & backup systems, and others. Depending on communication technology, it is categorized into first responder tools, satellite phones, emergency response radars, vehicle-ready gateways, and others.
By service, it is fragmented into training & education services, consulting services, design & integration services, and support & maintenance services. As per solution, it is divided into geospatial solutions, disaster recovery solutions, and situational awareness solutions. According to industry vertical, it is segregated into BFSI, energy & utilities, manufacturing, healthcare, aerospace & defense, public sector, transportation & logistics, telecom & IT, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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