Incident and Emergency Management Market Statistics, Business Opportunities, Competitive Landscape and Industry Analysis Report by 2030

The global incident and emergency management market size is expected to reach USD 226.93 Billion in 2030 and register a revenue CAGR of 7.0% over the forecast period, according to the latest report by Emergen. Increasing need for public safety and security systems and rising geographical threats and war-like situations are factors driving market revenue growth. An incident and emergency management system refers to a group of people who have been assigned to share, facilitate, and impart information in a crisis. Rapid divergence in ecological cycle has resulted in unnatural weather changes that have prompted many unexpected occurrences such as tsunamis, cyclones, and earthquakes. Moreover, increasing number of terror attacks, Hazardous Material (HazMat) incidents, civil unrest, and international attacks have increased need for incident and emergency management across the world. According to World Health Organization (WHO), approximately 1.35 million people die every year due to road accidents and about 90% of these accidents occur in low-income countries due to lack of preparedness.

The study on the Global Incident and Emergency Management Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Incident and Emergency Management market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Incident and Emergency Management industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Incident and Emergency Management industry.

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Some Key Highlights From the Report
In June 2021, Honeywell launched a new service called Honeywell Advanced Monitoring and Incident Response (AMIR) services. This service provides 24/7 Operational Technology (OT), which will deliver cybersecurity detection and rapid response for current and upcoming cyber threats.

The consulting segment accounted for a significantly large revenue share in 2021 owing to continuous improvement in emergency planning services, consulting, and process development services

The first responder tools segment registered a significantly large revenue share in 2021. First responders include medical teams, police and security personnel, and fire departments, which use sophisticated communication devices that can be used during emergencies. High demand for various first responder tools, such as smart glass, smart watches, Terrestrial Trunked Radio (TETRA), Ultra High Frequency (UHF) and Very High Frequency (VHF), and land mobile radios, has boosted revenue growth of this segment.

The North America market accounted for largest revenue share in 2021 owing to rapid adoption of incident and emergency management in developed economies of North America. Countries, such as, the U.S. and Canada, are focusing on innovation obtained from Research & Development (R&D) and technology, which is expected to drive incident and emergency management market revenue growth during the forecast period.

Leading Companies of the Incident and Emergency Management Industry and Profiled in the Report are:

Honeywell International, Inc., Lockheed Martin Corporation, Siemens, NEC Corporation, International Business Machines (IBM) Corporation, Motorola Solutions, Inc., Hexagon, Collins Aerospace, Larsen & Toubro Infotech Limited, Alert Technologies Corporation, The Response Group, and Veoci Inc.

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Furthermore, the report divides the Incident and Emergency Management market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Emergen Research has segmented the global incident and emergency management market based on f system type, services, communication technology, simulation, vertical, and region:

System Type Outlook (Revenue, USD Billion, 2019-2030)
Web-based Emergency Management System

Mass Notification Systems

Perimeter Intrusion Detection

Disaster Recovery and Business Continuity

Geospatial

Fire and HAZMAT

Others

Services Outlook (Revenue, USD Billion, 2019-2030)
Consulting

Emergency Operations Center Design and Integration

Public information services

Training and Education

Support and Maintenance

Others

Communication Technology Outlook (Revenue, USD Billion, 2019-2030)
First Responder Tools

Satellite-Assisted Equipment

Vehicle-Ready Gateways

Emergency Response Radars

Others

Simulation Outlook (Revenue, USD Billion, 2019-2030)
Traffic Simulation Systems

Hazard Propagation Simulation Tools

Incident and Evacuation Simulation Tools

Others

Vertical Insights Outlook (Revenue, USD Billion, 2019-2030)
BFSI

IT and Telecom

Energy and Utilities

Healthcare and Life Sciences

Defense and Military

Transportation and Logistics

Others

Regional Analysis:

The report sheds light on the region expected to dominate the Incident and Emergency Management market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Incident and Emergency Management market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter's Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

Key Points of Incident and Emergency Management Market:

Extensive coverage of the analysis of the Incident and Emergency Management market

Key insights into the regional spread of the industry in key geographies

Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market

Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Incident and Emergency Management market

Complete data about the key manufacturers and vendors in the Incident and Emergency Management market

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Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.

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