Press release
Incident and Emergency Management Market 2020: Top factors that could boost global market growth
Increased the occurrence of terrorist attacks worldwide, high prevalence of natural disasters leading to rise in economic loss, and the inception of various government regulations & policies pertaining to incident management are the factors that drive the growth of the global incident and emergency management market. However, astronomical installation & maintenance costs hamper market growth. Nonetheless, technological advancements that help mitigate terrorist attacks and the development of smart cities are set to provide lucrative opportunities for emerging market players in the near future.Access full Summary: https://www.alliedmarketresearch.com/incident-and-emergency-management-market
A new report published by Allied Market Research, 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.
Type of incident and emergency management systems
The report bifurcates emergency management systems based on type into 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.
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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.
Asia-Pacific holds substantial share in the market, Europe to maintain its dominance
The report offers a country-level study of major regions such as North America, Europe, Asia-Pacific, and LAMEA. In 2017, Europe gathered the highest revenue, contributing nearly 40% of the market share. However, Asia-Pacific is expected to be the fastest-growing region throughout the study period, registering a CAGR of 27.2% from 2018 to 2025, followed by LAMEA.
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Torchbearers of the industry
· Esri Inc.
· IBM Corporation
· Intermedix Corporation
· Motorola Solutions Inc.
· Rockwell Collins and Siemens AG
· Honeywell International Inc.
· Intergraph Corporation
· Lockheed Martin Corporation
· NEC Corporation
Questions answered in the Incident and Emergency Management Market research report:
o What is the growth rate of the Incident and Emergency Management Market during the forecast period?
o What will be the global Incident and Emergency Management Market size from 2018 to 2025?
o What are the leading manufacturing companies in the Incident and Emergency Management Market?
o How the major current trends will shape the market in the future?
o What are the driving factors and opportunities in the Incident and Emergency Management Market?
o Which will be the niches at which players profiling with thorough plans, financials, and also, recent advancements should set a presence?
o Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
o What are the conclusions of the Incident and Emergency Management Market report?
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About Allied Market Research:
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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