What is the current and future scenario of Crisis Management Software market?

Crisis Management Software Market

The crisis management software market was valued at USD 105 billion in 2019 and is expected to register USD 145 billion by 2029, growing at a CAGR of 6.1% during the forecast period (2020–2029).
Crisis management platforms solutions help organizations consistently manage the data, resources, expenditures, communications, and tasks used for response, recovery, and restoration activities during and after a crisis. Crisis management solutions are also used to analyze the changing conditions during a crisis to ensure situational awareness as well as to ensure crisis management procedures comply with government emergency management standards.

Government regulations are continually evolving and need to be followed strictly both by organizations and people. Developed and developing economies are making considerable changes in their policies and regulations for managing the crisis. These changes have been taken into consideration due to the increasing number of natural disasters, terrorist attacks, and criminal activities. For instance, in 2016, the Federal Emergency and Management Agency (FEMA) in the U.S. have implemented strict rules and regulations for the local governments to implement crisis management solutions.

The cloud segment holds the highest CAGR and is foreseen to continue the same trend during the forecast period on account of the growing adoption rate of digital technology across all industrial sectors for effective business operations. Furthermore, the rising cyber-attacks has prompted industrial verticals to adopt crisis management solutions. The following figure shows the increase in revenue worldwide in public cloud adoption from 2016–2019.  The growth in adoption is mainly due to a broad offering of the cloud computing environment. The large enterprise segment is anticipated to hold the highest share due to the improving government regulation and norms and digital technology that led to a surge in the adoption of the cyber crisis management platform. For instance, in 2016, Peak 10 is an IT infrastructure provider that has implemented RockDove Solutions, Inc. crisis management solutions to digitize its emergency preparedness plans, improve communication, and put the vital information into the hands of its employees.

The services segment holds a considerable share on account of its broad offering of crisis management solutions that include the ability to provide real-time communications, action and task management, collaboration, responsibility and accountability, environmental awareness, and flexibility. The services include training, consulting in planning, and other support services. These services are provided at local, state, and federal levels. Many companies design, develop, plan, and prepare for natural and man-made disasters and deliver end-to-end consulting services for crisis management.

The fire and hazmat segment is anticipated to witness an upward trend during the forecast period as its offerings include detecting and assessing chemical, biological, radiological, nuclear, and explosive materials. The fire and hazmat solutions also help security and public organizations in Explosive Ordnance Disposal (EOD) and Improvised Explosive Device Disposal (IEDD) for bomb disposal operations. Besides, the increasing adoption rate of smart connectivity such as GPS-enabled devices, wireless connectivity, and biometric tracking is likely to bolster the segment’s growth.

The government sector is the fastest-growing marketplace on account of increasing emergencies across the globe, including natural disasters, terror attacks, cybercrime, viral diseases, and others. In 2016, Everbridge was selected as the service provider for the development and implementation of Alert Florida (the U.S.), a landmark initiative that provides statewide emergency alert and notification services to Florida residents, businesses, and visitors in advance of Hurricane Irma.

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The Major Prominent Players Covered in this Report:
partnerships and collaborations, product launch, and mergers and acquisitions, in order to expand their geographical reach. In 2017, MetricStream, the independent market leader in Governance, Risk, and Compliance (GRC) apps and solutions, partnered with BitSight to help customers mitigate cybersecurity risks from third parties. In addition to MetricStream, other key players include Badger Software, The Response Group, Noggin, One Voice, IntraPoint, RiskLogic, RMS Software, Everbridge, Incidentcontrolroom, etc.

By Component, Solution, o Emergency Management, o Communication and Collaboration, o Disaster Recovery and Business Continuity, o Fire and Hazmat, o Others, Services, o Consulting Services, o Training Services, o Other Support Services,
By Deployment Mode, Cloud, On-Premise,
By Organization Size, SMEs, Large Enterprise,
By Vertical, BFSI, Commercial and Industrial, Education, Energy and Utilities, Healthcare and Life Sciences, Defense and Military, Transportation and Logistics, Government

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Impact of COVID-19 -
The COVID-19 outbreak has exerted an adverse effect on lives, families, communities, and business operations across the world. However, the companies offering crisis management software are witnessing growth in their services as they are continuously working with companies, governments, regulators, NGOs, and international organizations to help them prepare for and respond to the pandemic COVID-19 outbreak. For instance, in 2020, Everbridge launched COVID-19 Shield Software-as-a-Service (SaaS) and rapid Deployment templates to protect people and maintain operations amid pandemic. It is designed to protect the safety of employees and customers, maintain business operations, safeguard supply chains, and reduce costs and liabilities affecting the impact of the global coronavirus pandemic. The Norwegian government collaborated with Everbridge to strengthen its countrywide preparedness for COVID-19. The Everbridge public warning solutions help the government to send critical messages to the public through mobile phones before, during, and after an emergency.

Key Crisis Management Software Market Trends:
- The report identifies, determines, and forecasts the Global Crisis Management Software Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Crisis Management Software Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Crisis Management Software Market.

Key Questions Answered in The Report:
What will the Crisis Management Software market growth rate?
What are the key factors driving the global Crisis Management Software market?
Who are the key manufacturers in the Crisis Management Software market space?
What are the market opportunities, market risk, and market overview of the Crisis Management Software market?
What are sales, revenue, and price analysis of top manufacturers of the Crisis Management Software market?
Who are the distributors, traders, and dealers of the Crisis Management Software market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Crisis Management Software Industry?
What are sales, revenue, and price analysis by regions of Crisis Management Software industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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